L. Cranston posted:
Thanks, guys. The article didn't need that much proof to back it up.
Dire isn't telling all the facts. I'll bet each and every one of those tax cuts was followed by a raise in taxes after the cuts didn't work. I know for a FACT Reagan had to raise taxes, after his cuts, because the revenue didn't show up. Again, that's FACT. Seems like Bush1 got a lot of bad press, from his base, after promising 'no new taxes', then raising taxes.
Yes, Reagan raised taxes after the 1981 tax cuts and before the 1986 tax bill. I might point out that the increase in payroll taxes were the "Clinton surplus" which was borrowed money (Paying the VISA bill with the MasterCard!) and that even with both the Bush and Clinton tax increases that everyone's tax bills were still lower than before 1986. I might also point out that the surplus for Medicare will soon disappear and Social Security's about 2034 and then benefits will drop.