The 1986 Tax “reform” increased tax revenue, it was a bait and switch on the taxpayer. Sure we’ll reduce your taxes by 10% but we’re increasing the stuff we tax by 20%. But because we are in the Season of Lent, I’ll give that to you. Now you only have to rationalize the other 5 Reagan Tax increases.
And you still haven’t accounted for Reagan’s Amnesty.
Could you actually point me to the tax code changes that you say constituted repeated tax increases under Ronald Reagan? Some source material would be appreciated. Aside from that, I am confused as to the point you are trying to make. Are you saying that because Reagan passed a tax increase, we shouldn’t be upset at McCain for (twice) opposing Bush’s tax cuts. If that’s the argument, I have to say it is a pretty lame one.
Yeah, that's called supply-side economics. You reduce marginal rates and thereby increase tax revenue.
You got me there. Reagan supported amnesty - which brings to mind the old Smothers Brothers joke.
When Dick asked Tom why he had done something particularly stupid, Tom said it was because so-and-so had told him to do it.
Dick then said 'Hey Tom, if someone told you to jump off a bridge, what would you say?'
'Never again!' was Tom's response.