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they quoted reagan's domestic policy advisor as a source...
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they quoted reagan's domestic policy advisor as a source...
they quoted reagan's domestic policy advisor as a source...
[thread="509493"]Politifact and Stephen Colbert as a retort to my facts . Both liberal and left leaning to say the least.[/thread]
your post in no way contradicts the article on politifacts..."When Democrats or media embrace Reagan for “raising taxes X number of times,” they are usually engaging in willful obfuscation. This is because they know that when most people hear the words, “tax hike,” they naturally assume you mean raising income taxes. But tax rates (both nominal and effective) dropped dramatically across-the-board during Reagan’s tenure.
Not only did the top individual income tax rate go from 70 to 28 percent! — but the tax code was also indexed for inflation (this is a big deal, because inflation had heretofore pushed people into higher tax brackets — a double whammy.)"
Read more: http://dailycaller.com/2012/06/06/ronald-reagan-raised-taxes-11-times-the-real-story/#ixzz40HegXTRR
(Reagan also deserves special criticism from free marketers on the right for raising the capital gains tax rate — as well as the corporate rate — in the Tax Reform Act of 1986.)
Make no mistake, these were real tax increases — in some cases, “regressive” taxation — but they pale in comparison to the scale of the income tax cuts that defined the Reagan era.
Read more: http://dailycaller.com/2012/06/06/ronald-reagan-raised-taxes-11-times-the-real-story/#ixzz40HfgtJ5o
did you even read both articles?
Reagan’s staff tallied up the effect of major legislation on tax receipts over his tenure for his final budget proposal (page 4-4). The 1981 tax cuts comprised most of the total $275 billion in tax relief, but the other side of the ledger listed $133 billion in cumulative tax increases.
"Thus, Reagan took back about half the 1981 tax cut with subsequent tax increases," Bartlett wrote.
This dude is serious debating that Reagan didn't raise taxes :x
Even when I provide a source, and quotes another source
I can't
"When Democrats or media embrace Reagan for “raising taxes X number of times,” they are usually engaging in willful obfuscation. This is because they know that when most people hear the words, “tax hike,” they naturally assume you mean raising income taxes. But tax rates (both nominal and effective) dropped dramatically across-the-board during Reagan’s tenure.
Not only did the top individual income tax rate go from 70 to 28 percent! — but the tax code was also indexed for inflation (this is a big deal, because inflation had heretofore pushed people into higher tax brackets — a double whammy.)"
Read more: http://dailycaller.com/2012/06/06/ronald-reagan-raised-taxes-11-times-the-real-story/#ixzz40HegXTRR
Facts matter. Reagan’s legacy has been co-opted and mangled by both sides. Yes, he raised taxes. Yes he cut taxes. The real story is how he raised taxes and how he cut them. And the overarching theme is that Reagan dramatically lowered tax rates and broadened the base. He was a reformer willing to make tough decisions. And at the end of the day, his legacy is that of a free market tax cutter. “If you aggregate together all the tax hikes … Reagan was a net tax cutter,” says Americans for Tax Reform’s Ryan Ellis. “I believe that makes him unique in the 20th century Cold War era. (Kennedy’s were passed by Johnson, who later raised taxes to pay for Vietnam).”
Why is it important to set the record straight on this? Because liberals continue to attempt to hoodwink conservatives into supporting deficit reduction plans along the lines of tit for tat. “We’ll cut spending if you raise taxes.” Looking to history, though, conservatives should be wary of this feint.
Read more: http://dailycaller.com/2012/06/06/ronald-reagan-raised-taxes-11-times-the-real-story/#ixzz40HfCtPq6
This dude is serious debating that Reagan didn't raise taxes
Even when I provide a source, and quotes another source
I can't
!!! i bet his fav president is jimmy carterYou're a joke
You believe anything the precious DNC and Debbie Wasserman-Schultz tells you to believe
You stay in your place like a good little democrat. Supporting Hillary and all. How precious.
!!! i bet his fav president is jimmy carter
This dude is serious debating that Reagan didn't raise taxes :x
Even when I provide a source, and quotes another source
I can't
You're a joke
You believe anything the precious DNC and Debbie Wasserman-Schultz tells you to believe
You stay in your place like a good little democrat. Supporting Hillary and all. How precious.
these dudes are arguing for the republican party like it's a football team....
too focused on party lines instead of actual policy
Not far left enough for him! Lol don't worry he's well known as a joke around here.
im not a republican or a democrat or an independent. I'm pro facts player... pro making money for that matter
Pretty much...
This dude is serious debating that Reagan didn't raise taxes :x
Even when I provide a source, and quotes another source
I can't
You're a joke
You believe anything the precious DNC and Debbie Wasserman-Schultz tells you to believe
You stay in your place like a good little democrat. Supporting Hillary and all. How precious.
!!! i bet his fav president is jimmy carter
!!! i bet his fav president is jimmy carter
Not far left enough for him! Lol don't worry he's well known as a joke around here.
rusty, what time does wolf blitzer air on cnn again?
Pretty much...
im not a republican or a democrat or an independent. I'm pro facts player... pro making money for that matter
were they on welfare?And those facts say that most people lost money under Bush and made a lot of money with Obama
so you give a tax break... that allows the company to pay larger dividends...those dividends are taxed as well
you do realize that a 400-800 tax credit for a working class person means that 400-800 is going directly back into the economy when they use it to pay bills/ make purchases..
is not like millions in tax cuts for a corporation that will just post higher yearly profits and the shareholders will take their dividends and put it into an account that will only accumulate interest.
then the dividends (which are now larger because of the tax break) get taxed lower than they usually would (because of the tax breaks)...
....
...
what is your point again?
we have to lower taxes so we can tax the larger dividends at a lower tax rate and get less of the extra money we gave away?
capital gains tax is not the issue were speaking on.. thats a completely different tax rate. And just because a company is being taxed less doesn't mean its cashing stock because of it. You reinvest into the business because shareholders and CEO's alike favor growth.
no type of logic in your posts...
you already exposed yourself
then we should have seen historic growth in the workforce after 8+ years of historicly low taxes...capital gains tax is not the issue were speaking on.. thats a completely different tax rate. And just because a company is being taxed less doesn't mean its cashing stock because of it. You reinvest into the business because shareholders and CEO's alike favor growth.
no type of logic in your posts...
you already exposed yourself
historically low rates?! 43% income tax is a historic low? what are you talking about
then we should have seen historic growth in the workforce after 8+ years of historicly low taxes...
There isn't a direct correlation.... which is what im trying to get you to understamnd
then we should have seen historic growth in the workforce after 8+ years of historicly low taxes...
There isn't a direct correlation.... which is what im trying to get you to understamnd
historically low rates?! 43% income tax is a historic low? what are you talking about