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Did Ronald Reagan ever raise taxes? Vanity, need some education
6/3/09 | Halls

Posted on 06/03/2009 10:48:47 AM PDT by Halls

Did Ronal Reagan ever raise taxes for anything? Needing a bit of education here. ;)


TOPICS: Miscellaneous
KEYWORDS:

1 posted on 06/03/2009 10:48:48 AM PDT by Halls
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To: Halls

Yes


2 posted on 06/03/2009 10:49:16 AM PDT by gate2wire
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To: Halls

Who Ronal Reagan ?


3 posted on 06/03/2009 10:49:42 AM PDT by fieldmarshaldj (~"This is what happens when you find a stranger in the Alps !"~~)
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To: Halls

He imposed some import tariffs. That’s one of the big reasons we have Toyota building cars here.


4 posted on 06/03/2009 10:50:57 AM PDT by cripplecreek (The poor bastards have us surrounded.)
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To: gate2wire

For what?


5 posted on 06/03/2009 10:51:05 AM PDT by Halls (Esther 4:16 If I Parish, I parish.)
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To: Halls
One of the biggest tax increases in the history of the country, at that time.

I loved Reagan, but like so many things, his legend grows as each year passes. And, many project onto his legacy what they want to remember, not necessarily what really happened.

Reagan, especially in his second term, was much more pragmatic than what some would be happy with today.

6 posted on 06/03/2009 10:51:35 AM PDT by Big_Monkey
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To: fieldmarshaldj

I’m typing from my iPhone. Give me a break!


7 posted on 06/03/2009 10:51:52 AM PDT by Halls (Esther 4:16 If I Parish, I parish.)
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To: Halls

My liberal hippy uncle tells me that he raided Social Security but I think he got ahold of some bad acid back at Woodstock...


8 posted on 06/03/2009 10:52:15 AM PDT by TSgt (Extreme vitriol and rancorous replies served daily. - Mike W USAF)
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To: Halls

raised corp. rates in reluctant trade-off with dems who promised to cut spending in return and of course reneged


9 posted on 06/03/2009 10:52:30 AM PDT by jla
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To: Halls

I’m looking. The site I normally use is down. Sorry. Maybe somebody else can help. I know he did though.


10 posted on 06/03/2009 10:52:38 AM PDT by gate2wire
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To: Halls

I’m typing from my iPhone. Give me a break!

Hope you pulled over to the shoulder of the road...


11 posted on 06/03/2009 10:53:05 AM PDT by jessduntno (July 4th, 2009. Washington DC. Gadsden Flags. Be There.)
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To: Big_Monkey

He was also promised $2 in spending cuts for ever $1 increase in taxes by Democrats who promptly ‘forgot’ to cut.


12 posted on 06/03/2009 10:53:15 AM PDT by pikachu (Caution. The above is the view of a white male and will not be as well formed as one from a latina!)
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To: Halls

I believe in signed into law a bill which raised (or set) the matching requirement of SS contribution by the employer, but not for the individual. So it was a corporate/employment tax per se.


13 posted on 06/03/2009 10:53:15 AM PDT by Diplomat
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To: Halls

http://www.nytimes.com/2004/06/08/opinion/the-great-taxer.html

Read the above link


14 posted on 06/03/2009 10:54:42 AM PDT by deport
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To: jessduntno
Hope you pulled over to the shoulder of the road...

Can't do that, the other hand is holding the cup of coffee!

15 posted on 06/03/2009 10:54:56 AM PDT by PugetSoundSoldier (Indignation over the sting of truth is the defense of the indefensible)
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To: MikeWUSAF

“My liberal hippy uncle tells me that he raided Social Security but I think he got ahold of some bad acid back at Woodstock...”

He shoulda stayed away from the BROWN ACID maaaaannnn....


16 posted on 06/03/2009 10:55:24 AM PDT by jessduntno (July 4th, 2009. Washington DC. Gadsden Flags. Be There.)
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To: Halls

Yes, as mentioned upthread. One must remember that President Reagan’s record overall (net effect) is that of a major tax-cutter.


17 posted on 06/03/2009 10:55:51 AM PDT by Tex_GOP_Cruz
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To: Halls

I really hope you havent argued with someone too vehemently over this, because Ronald Reagan signed what is still the biggest tax increase in American history.

Cold Wars dont pay for themselves.


18 posted on 06/03/2009 10:55:57 AM PDT by skipper18
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To: PugetSoundSoldier

“Hope you pulled over to the shoulder of the road...
Can’t do that, the other hand is holding the cup of coffee!”

How’s the video?


19 posted on 06/03/2009 10:56:12 AM PDT by jessduntno (July 4th, 2009. Washington DC. Gadsden Flags. Be There.)
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To: Halls

From a 2003 NRO piece:
http://www.nationalreview.com/nrof_bartlett/bartlett200310290853.asp

In 1982 alone, he signed into law not one but two major tax increases. The Tax Equity and Fiscal Responsibility Act (TEFRA) raised taxes by $37.5 billion per year and the Highway Revenue Act raised the gasoline tax by another $3.3 billion. According to a recent Treasury Department study, TEFRA alone raised taxes by almost 1 percent of the gross domestic product, making it the largest peacetime tax increase in American history. An increase of similar magnitude today would raise more than $100 billion per year.

In 1983, Reagan signed legislation raising the Social Security tax rate. This is a tax increase that lives with us still, since it initiated automatic increases in the taxable wage base. As a consequence, those with moderately high earnings see their payroll taxes rise every single year.

In 1984, Reagan signed another big tax increase in the Deficit Reduction Act. This raised taxes by $18 billion per year or 0.4 percent of GDP. A similar-sized tax increase today would be about $44 billion.

The Consolidated Omnibus Budget Reconciliation Act of 1985 raised taxes yet again. Even the Tax Reform Act of 1986, which was designed to be revenue-neutral, contained a net tax increase in its first 2 years. And the Omnibus Budget Reconciliation Act of 1987 raised taxes still more.


20 posted on 06/03/2009 10:56:27 AM PDT by NC28203
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To: MikeWUSAF

“My liberal hippy uncle tells me that he raided Social Security but I think he got ahold of some bad acid back at Woodstock...”

He did that, too. It was illegal to touch the money so he didnt, because he replaced it with .. an IOU from the government.

It was kind of sneaky-fun at the time, because we knew it would bankrupt it and we actually got the Democrats to go along with it.


21 posted on 06/03/2009 10:58:18 AM PDT by skipper18
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To: Halls
Did Ronald Reagan ever raise taxes

The thing we have to keep reminding ourselves and the taxpayers is that the president cannot raise taxes. Only Congress can. And the president signs the bill.

This isn't a minor point.

In the case of Republican presidents, I cannot think of any that agreed to sign a bill raising taxes except as a compromise with Democrats so the president could get something necessary to the security of the nation.

22 posted on 06/03/2009 10:58:20 AM PDT by PressurePoint
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To: skipper18
"Ronald Reagan signed what is still the biggest tax increase in American history.

I could be wrong, but I believe that when the Bush tax cuts expire here shortly, then that will be the biggest tax increasing in American history, eclipsing Reagan.

23 posted on 06/03/2009 10:58:26 AM PDT by Big_Monkey
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To: jessduntno
How’s the video?

Not so good... It gets fuzzy when I turn on my electric shaver!

24 posted on 06/03/2009 10:58:53 AM PDT by PugetSoundSoldier (Indignation over the sting of truth is the defense of the indefensible)
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To: PugetSoundSoldier

“It gets fuzzy when I turn on my electric shaver!”

Hope that doesn’t scare that dog in your arm with his head stuck out the window.


25 posted on 06/03/2009 11:02:50 AM PDT by gate2wire
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To: gate2wire

Have you finished changing into your work clothes, yet?


26 posted on 06/03/2009 11:06:25 AM PDT by bubbacluck
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To: skipper18

Yes, I did and regret it. My sons SM is such a flaming liberal and I’m trying to convert with no luck.


27 posted on 06/03/2009 11:08:09 AM PDT by Halls (Esther 4:16 If I Parish, I parish.)
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To: Big_Monkey
I loved Reagan, but like so many things, his legend grows as each year passes. And, many project onto his legacy what they want to remember, not necessarily what really happened.

I got busted by a liberal friend of mine for bashing the Earned Income Tax Credit. He whipped out a quote from Reagan where Reagan said the EITC is "the best anti-poverty, best pro-family, best job-creation measure to come out of."

28 posted on 06/03/2009 11:08:15 AM PDT by GunRunner
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To: PugetSoundSoldier

Tie your shoes after you park...


29 posted on 06/03/2009 11:08:51 AM PDT by jessduntno (July 4th, 2009. Washington DC. Gadsden Flags. Be There.)
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To: liege

Still reading the map...


30 posted on 06/03/2009 11:09:20 AM PDT by gate2wire
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To: Diplomat
http://www.ssa.gov/history/pdf/t2a3.pdf shows the history of SS and Medicare rates. In 1981 it was 6.65% for each of the employer and employee on the first $29,700. By 1989 it was up to 7.51% each on the first $48,000. Self employed people were the ones really hit. It went from 9.3% total to 15.02% total.

This was meant to "Save" Social Security because they could see that future revenues wouldn't cover future benefits, so they wanted to collect now and save them for the future. The problem was that by law they could only invest in special treasury bonds, so in essence they just were able to hide some of the debt in SS and spend that borrowed money on other programs with a promise to raise general income tax in the future to pay off the bonds.

31 posted on 06/03/2009 11:10:56 AM PDT by KarlInOhio (No free man bows to a foreign king.)
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To: Halls

Note that despite the Reagan tax increases the corp and indiv rates during his presidency were the lowest in our nation’s history and the econ boon was the most bountiful and longstanding.


32 posted on 06/03/2009 11:12:03 AM PDT by jla
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To: PugetSoundSoldier
This you?


33 posted on 06/03/2009 11:13:17 AM PDT by raybbr (It's going to get a lot worse now that the anchor babies are voting!)
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To: Halls

Try an exorcism.


34 posted on 06/03/2009 11:13:17 AM PDT by fieldmarshaldj (~"This is what happens when you find a stranger in the Alps !"~~)
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To: raybbr

ROFL! I love that picture!

Needs a GPS and video screen in there, as well as a dog jumping all around!


35 posted on 06/03/2009 11:18:54 AM PDT by PugetSoundSoldier (Indignation over the sting of truth is the defense of the indefensible)
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To: jessduntno

No wait, maybe it’s the green acid!


36 posted on 06/03/2009 11:22:57 AM PDT by goodwithagun (My gun has killed less people than Ted Kennedy's car.)
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To: GunRunner

Yes, he did like the EITC, and I believe it was expanded during his presidency with his approval.


37 posted on 06/03/2009 11:23:14 AM PDT by Hepsabeth
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To: PressurePoint
The thing we have to keep reminding ourselves and the taxpayers is that the president cannot raise taxes. Only Congress can. And the president signs the bill.

This isn't a minor point.

Absolutely not a minor point, and it is galling to have so many Americans (in general) who credit or blame the president with so much that is in the purview of Congress. Those 535 people are either absolved of all criticism or blame or receive credit for that which they are not entitled.

The president proposes, the Congress disposes.

38 posted on 06/03/2009 11:25:49 AM PDT by MozarkDawg
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To: Halls

FICA tax rates were increased during his presidency.


39 posted on 06/03/2009 11:26:47 AM PDT by Hepsabeth
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To: Halls
Yes, BIG time.

Also, Reagan supported Amnesty for illegals, put O'Connor and Kennedy on the Supreme Court and was in favor of the Brady Bill.

And he selected George Bush Sr. (a moderate) as his running mate in 1980 and 1984.

Very RINOish.

40 posted on 06/03/2009 11:28:26 AM PDT by LdSentinal
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To: MikeWUSAF
Tell your hippy dippy friend that the great raid on SS was done by Pres. Johnson (demo) Clinton also taxes SS benefits but it was never blasted in the Media...Bush and the republicans rescinded Clintons tax....How do I know? I was on SS when it happened..and my accountant explained it to me.. My sister who is older and I and also on SS didn't even know of the tax...
41 posted on 06/03/2009 11:29:08 AM PDT by goat granny
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To: goat granny

Johnson needed the money to fund his war on poverty, that we lost....cause there is still poverty /s


42 posted on 06/03/2009 11:32:49 AM PDT by goat granny
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To: Halls

Reagan raised corporate taxes several times.


43 posted on 06/03/2009 11:45:23 AM PDT by Carley (OBAMA IS A MALEVOLENT FORCE IN THE WORLD)
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To: MikeWUSAF

Reagan rasied the cap on ss payroll deductions.


44 posted on 06/03/2009 11:46:24 AM PDT by Carley (OBAMA IS A MALEVOLENT FORCE IN THE WORLD)
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