Did Ronald Reagan Only Lower Taxes?) Worshiping Ronald Reagan means you also have to believe that Reagan never raised taxes during his Presidency, but this constant right-wing claim is false. While he did cut taxes in 1981 and again in 1988, Reagan actually raised taxes every year from 1981 to 1987 including The Tax Equity and Fiscal Responsibility Act of 1982 which, at the time, had been the largest peacetime tax increase in U.S. history, the Deficit Reduction Act of 1984, a higher gasoline levy, a higher payroll tax, and a 1986 tax reform deal that included the largest corporate tax increase in American history. Read more: addictinginfo.org/2013/06/08/20-historical-facts-that-republicans-distort-or-just-get-plain-wrong/#ixzz2VgAMXpL3
Posted on: Sun, 09 Jun 2013 01:41:56 +0000
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