- Jan 16, 2011
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I've already gone over the fact that Reagan cut taxes earlier in the thread but liberals don't like facts:
"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
Here's a fact for you from that very article
Saying Ronald Reagan raised taxes is like saying Michael Jordan was a guy who struck out a lot — or that he was a failed baseball player: It’s factually correct, but misleading, nonetheless