L. Cranston posted:Stanky posted:direstraits posted:L. Cranston posted:
It's funny to see the Republicans scramble to cover for the posts they made earlier. The tax bills passed in 82 and 84, together, constituted the largest tax increase in peacetime, in US history. At no point in the history of America have Republican tax breaks done what Republicans said they'd do and today is no different.
Provenance for this claim, please!
As is always the case, there usually is a big lie hidden in the "real truth". Most of that 1982 "biggest tax hike ever" was the rescission of future lower tax brackets and not the actual raising of taxes. That is exactly like calling a smaller budget increase than originally planned a budget cut. There were increases of business fees and the reduction of business loophole though along with a gas tax increase. Where the real tax increase was in the increase of payroll taxes that all sides agreed upon to push the inevitable Social Security and Medicare crunch into the future.
Facts don't contain lies. Facts don't pick sides. Screaming Republicans cut taxes without giving ALL the FACTS is being very deceitful.
Yes, facts are facts, except when from politicians and their camp followers. If I might cite an article from the liberal magazine Slate about the 1982 Tax bill:
"On the other hand, most of Dole’s tax increase was actually the partial repeal of future tax cuts that had been enacted in 1981 but had not yet taken place. Despite Dole’s bill, taxpayers received more than $375 billion in tax cuts over the following three years. (This did not deter Dole’s supply-side critics, led by Jack Kemp, from characterizing his bill as a record-setting tax boost.) Whether repeal of a future tax cut counts as a tax increase is a metaphysical question. If the answer is “no,” Clinton’s tax increase is larger."