This Version Of Biden Is The Best Version Ever

[PredFan]

Reagan's worst days toward the end were 100% better than Biden's best days.

 

[The Duke]

No need to, lots of history out there as well as the tax tables from those years, before and after his 'tax cuts' for the top 10%.

I'm talking about this:

Reagan Vetoes Road Bill, Sets Stage for Fight

President Reagan delivered his threatened veto of an $87.5-billion highway construction bill Friday, setting up a political tussle over pork-barrel spending that aides hope will revitalize his damaged image as a leader.

www.latimes.com

 

[Picaro]

They both suddenly lost their memories when their organized crime activities came to light. They took a cue from this guy, The 'Odd Father'.

How The Nation’s Most Powerful Crime Boss Faked Insanity For Decades To Avoid Prison

Vincent "The Chin" Gigante headed one of New York's biggest mafia families. But when the feds tried to catch him, he faked insanity.

allthatsinteresting.com

 

[Picaro]

I'm talking about this:

Reagan Vetoes Road Bill, Sets Stage for Fight

President Reagan delivered his threatened veto of an $87.5-billion highway construction bill Friday, setting up a political tussle over pork-barrel spending that aides hope will revitalize his damaged image as a leader.

www.latimes.com

Just posturing for the yokels.

Republicans voted overwhelmingly for the measure, and even House Minority Leader Robert H. Michel (R-Ill.) said he might be forced to vote against the White House.

He could pretend to be a Big Giant pork Fight Guy while risking nothing.

 

[22lcidw]

No need to, lots of history out there as well as the tax tables from those years, before and after his 'tax cuts' for the top 10%.

Reagan gave the lower classes a massive tax cut. It was 27% over three years. The tax brackets were lessoned also and indexing for inflation was added. The original package had taxes reduced for money directed into IRA's. I can tell you there was tax relief from the oppressive inflation of the 1970's with not indexing and the working class moving up in the many tax brackets paying more and more in federal taxes as a percentage.

 

[Picaro]

Reagan gave the lower classes a massive tax cut. It was 27% over three years. The tax brackets were lessoned also and indexing for inflation was added. The original package had taxes reduced for money directed into IRA's. I can tell you there was tax relief from the oppressive inflation of the 1970's with not indexing and the working class moving up in the many tax brackets paying more and more in federal taxes as a percentage.

Nope, he raised them, and then put a cherry on top by going after waitresses for the crime of living on tips. The nominal rates on the lowest bracts went up from 11% to 15%. He also raised gasoline taxes. He closed some loopholes, but he just shifted the burden without any real tax cuts overall. Shifted it down the income ladder, of course, not up. And, by 1987 it was increasing the deficit, not reducing it.

Bloomberg - Are you a robot?

www.bloomberg.com

I did not know this myself until a reader question about the source of the federal budget surpluses of 1998 through 2001 sent me looking again at the report on Revenue Effects of Major Tax Bills produced in 2013 by the Treasury Department's Office of Tax Analysis, which I featured in a column last week. The 1981 tax cut reduced revenue by an average of 2.89 percent of gross domestic product over the four years after it was enacted, according to the Treasury Department's analysis, which does not attempt to incorporate any macroeconomic effects of tax changes. When I added up the four-year average revenue impact of the next seven significant tax changes approved by Congress, in 1982, 1983, 1984, 1986, 1987, 1990 and 1993, I found that they equaled 2.98 percent of gross domestic product. Who knew?