Midya's Weblog

CNN Reports Reagan Raised Taxes…So Obama is Ok.

President Ronald Reagan, official portrait, 1985 (White House)

What people forget about Reagan and taxes

Ronald Reagan may be the patron saint of lower taxes and smaller government.

Is the elephant in the room here that the economy grew under Reagan more than under Carter?  If so, the same percentage of taxes would still be more money.  Also not mentioned is the radical decrease in inflation, interest rates and unemployment. 

What also isn’t mentioned is that the Democrats controlled congress who, of course, writes legislation.  What also isn’t mentioned is the catagorical hatred of Reagan from the mainstream media that he had to deal with.  Another thing that isn’t mentioned is what tax brackets paid what percentages of taxes before and after Reagan.  I don’t know, these are just the musings of my mind.

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This entry was posted on September 10, 2010 by in Uncategorized.
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