tdsrnest wrote:
Dave/Avery I found your posts very interesting and tried to find fact in both. Tuff to find fault with both. But Reagan did increase tax on the middle class, and decreased tax on the wealthy in order to create a trickle down economics. And as an independent I thought he had a great case and I agreed. But it clearly did not work due to income in e******y today. And that also can be open to debate. So I put together a list of tax increases by Reagan. And as you can see he never called them a tax. But Reagan was clever.
Highway Revenue Act, Consolidated Omnibus Act, Tax reform Act, Tax Equity and fiscal responsibility Act of 1982, Social security Amendments of 1983, Railroad Retirement Revenue Act 1983, Deficit Reduction Act of 1984, Consolidated Omnibus Budget Reconciliation Act of 1985, Omnibus budget reconciliation Act of 1985, Superfund Amendments and reauthorization Act, his total tax increase was $132 Billion. And he was careful not to call them taxes. Also he did and some that were recognized as taxes such as the 5 cent national tax on gas, the cigarette tax, there were more but I just can't find them because he confused the American people as the great Tax cutter. But his deficit was due to his defense and tax breaks for the wealthy and also coined the phase debt is okay as long as it's manageable. So the republican philosophy was Born. And they used it. Reagan, Bush 41, and Bush 43 created large deficits more than the prior democratic presidents. Carter and Clinton were the only past presidents going back to Carter that actually created a balance budget. Actually if it were not for Carter cutting the defense budget the way he did he probably would have got re-elected. Coin the phrase democrats weak on defense. To be fair to Carter he ran on an agenda to balance the budget and cut deficit spending and he did that. But Ronald Reagan was a great communicator. When Carter and Reagan ran there campaign they were given $10 million in government funds and Reagan was great in his debates. The Republican Party today cannot get poor, middle class, black, union, Hispanic v**es. But Reagan and Bush 41 they did for example 48% of the union v**e, 42% of the black v**e, he just appealed to the independent v**ers and also coin the phrase Reagan Democrats. So what has scared me today the Republican Party that I once knew and periodically v**ed for is gone. But thanks for 2 great post, gave me a lot to think about.
Dave/Avery I found your posts very interesting and... (
show quote)
I must say, you certainly have a lot of patience to research things so thoroughly. excellent post and very informative.