[jnarcus]

The 1986 Tax Reform bill RAISED taxes...or don't you remember that? Sure Reagan agreed to raise taxes because ccongress promised to cut spending but Reagan was ROLLED...they spent more than they cut and the taxes were still higher than after the first cuts...

[Reagan Man]

>>>The 1986 Tax Reform bill RAISED taxes...or don't you remember that?

Reagan lowered income taxes in both 1981 and 1986. That was my point.

Let's not forget, PresReagan's first priority in 1981 was to get the economy moving again and start to rebuild America's military. America was in the midst of the worse economic times since the Great Depression and the Cold War was still raging strong. Reagan worked together with Tip O'Neill and Bob Dole to give American workers some real tax reform. The first round of tax cuts that Reagan signed into law, were of critical importance to reducing interest rates, inflation and unemployment. Reagan's early tax cuts totaled a 25% marginal tax rate reduction, (Reagan wanted 30%) across the board. Those tax cuts stimulated spending, investment and savings, and fueled an economic recovery that lasted until 2000! The highest tax rates went from 70% to 50%. Reagan's 1986 Tax Reform Act would bring that 50% top rate, down to 28%.

[nopardons]

We all DO keep telling him the facts,but he does ignore them;unfortunately.But thank you so much,for pointing it all out yet again. :-)

Facts really DO matter!