Who raised your taxes?

Discussion in 'Politics' started by LeBuick, Feb 5, 2009.

  1. LeBuick

    LeBuick
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    This was a pretty good read which broke down a study from Bush's Treasury Department. Turns out the largest tax increase since 1940 was done by Ronald Reagan. After he cut our taxes in 1981 I guess he realized he cut them too much so he raised them again in 1982.

    And you worried about the Democrats taking your money... :tonofbricks:

    http://www.factcheck.org/treasury_tax_expert_to_bush_clintons_increase.html

    From the actual study, you will find this paragraph on page 3...

    http://www.ustreas.gov/offices/tax-policy/library/ota81.pdf

     
  2. Revmitchell

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    So why did he try to make his personal study look like it came from the treasury Dept.?
     
    #2 Revmitchell, Feb 6, 2009
    Last edited by a moderator: Feb 6, 2009
  3. billwald

    billwald
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    People mostly raise their own taxes in the the form of school levies, bond issues, and such. In Washington State taxes are raised by voter approved initiatives.
     
  4. Revmitchell

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    I contacted the Heritage Foundation:


    My mistake, the "Tax Equity and Fiscal Responsibility Act of 1982" did temporarily raise some taxes, but overall, Reagan was a major tax cutter. Factcheck.org is playing games. No reasonable person would argue that Reagan raised taxes overall. He agreed to raise certain taxes that had only been cut for one year in 1982, such as doing away with accelerated depreciation of assets, which had only been on the books for one year. Reagan did this because Democrats promised to cut spending by $3 for every $1 of tax cuts Reagan did away with. Factcheck draws a correlation between government revenue brought in the next year after a tax law passes as being caused by the tax law. Actually government revenue increases and decreases because of thousands of things, not just one tax law passed the year before. In other words, just because 'A' happens, and then 'B' happens, does not mean that 'A' caused 'B'. Ronald Reagan did not raise taxes more than any other President, he lowered them a great deal.

    Best,


    Research Coordinator
    Center for Data Analysis
    The Heritage Foundation
    214 Massachusetts Avenue NE
    Washington DC 20002
    (Tel.) 202-608-6249
     
    #4 Revmitchell, Feb 6, 2009
    Last edited by a moderator: Feb 6, 2009
  5. LadyEagle

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    Rev., refreshing your memory - remember when fastcheck (Annenberg) was linked to Obama during the campaign (links were provided here on the BB) - that was one of the tidbits. So, I don't s'pose they've changed any, despite the fact they claim to be non-partisan.
     
  6. JustChristian

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    Everyone remembers Ronald Reagan as a supporter of smaller government and less government spending. In fact he did the exact opposite. He increased the size of government and increased government spending.
     
  7. Revmitchell

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    More revisionism
     

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