So Reagan is alleged to have raised taxes and Democrats don't like that?
Get friggin' REAL!
I'm loathe to agree with the hyperpartisan clown brigade on anything, but yeah. Isn't it pretty common knowledge he raised taxes?
Is it?
U.S. Federal Individual Income Tax Rates History 1862-2013 Nominal and Inflation-Adjusted Brackets Tax Foundation
Can you show me?
Sure, he gutted taxes on income, but to make up for it, he had 11 "tax increases"
Ronald Reagan "raised taxes in 1982, 1984, 1985, 1986 and 1987."
But to combat a rising deficit and debt burden, Reagan also approved increased taxes.
In 1982, The Tax Equity and Fiscal Responsibility Act raised taxes by $37.5 billion per year, and the Highway Revenue Act raised the gasoline tax by $3.3 billion.
In 1983, Reagan signed off on legislation to raise payroll taxes and tax Social Security benefits for some higher earners.
In 1984, the Deficit Reduction Act included increases in taxes on estates and distilled spirits and ended some business tax breaks, to the tune of $18 billion per year.
In 1985, Reagan signed legislation making permanent a 16-cent federal excise tax on a pack of cigarettes, then worth about $2.4 billion a year.
In 1986, the Tax Reform Act lowered the top income tax bracket from 50 percent to 28 percent. To pay for the reductions, however, the legislation closed a number of tax loopholes.
In 1987, Reagan signed the Omnibus Budget Reconciliation Act that extended the telephone excise tax and eliminated a real estate tax deduction loophole.
Rep. Gerry Connolly says Reagan raised taxes during five years of presidency PolitiFact Virginia