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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRaw Story: Cantor refuses to admit Reagan raised taxes in 60 Minutes Interview
http://www.rawstory.com/rs/2012/01/02/cantor-refuses-to-admit-reagan-raised-taxes/Stahl then mentioned to Cantor how his idol Reagan compromised his principles by raising taxes during his presidency. Cantor tried to deflect the focus by mentioning that Reagan cut taxes, but Stahl reiterated her point.
Upset at the reporter, Cantors press secretary yelled off camera, Thats not true, and I dont want to let that stand.
(editorial image)
No matter if Cantor, his staff or conservatives at-large want to deny that Reagan raised taxes, what Stahl said is completely true.
After his huge tax cut in 1981 slashed all tax rates to 23 percent, sparking a budget crisis, Reagan realized hed also have to raise taxes in the years that followed. He raised taxes four times between 1982 to 1984, increasing the payroll tax, broadening the base of Social Security payees, applying the income tax to higher earners and rolling back corporate and individual tax breaks.
/snip
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Raw Story: Cantor refuses to admit Reagan raised taxes in 60 Minutes Interview (Original Post)
TalkingDog
Jan 2012
OP
csziggy
(34,119 posts)1. If Adam Savage would allow it, the Republicans would use his line
Clip of Adam Savage:
They certainly live it!
krispos42
(49,445 posts)2. I graphed some info from Wikipedia
http://en.wikipedia.org/wiki/Income_tax_in_the_United_States#Historical_income_tax_rates_.281913.E2.80.932010.29
For a married couple filing jointly, not adjusted for inflation.
Obviously, back in 1950, a couple making $10,000 year was doing pretty well. But the 80's and 90's and 00's are interesting.
krispos42
(49,445 posts)3. And this is just plain old interesting
trumad
(41,692 posts)4. They like to cover their ears.
3:18 in