To: SoFloFreeper
Reagan tried to defeat Demonrats every chance he could.
Ahhhhhh, I think you're forgetting those "pesky" tax increases, not to mention amnesty for illegals.
2 posted on
05/12/2012 4:48:40 AM PDT by
oh8eleven
(RVN '67-'68)
To: oh8eleven
Ahhhhhh, I think you're forgetting those "pesky" tax increases, not to mention amnesty for illegals.
The 25% cut across the board in income taxes and especially INDEXING (HUGE under JC inflation) plus accelerated depreciation schedules for businesses more than offsets the fee and tax increases (mostly under the '86 TEFRA bill, which I agree he was snookered on, and perhaps precipitated the later S & L crisis). (And at least the 5 cent fuel tax increase, mostly used for roads and bridges, was actually needed.)
Reagan never had the House, and the RINOs were MUCH stronger in the Senate in those days (Warner, Percy, Packwood, Weicker, Specter, Heinz, Wilson, Kassebaum just off the top of my head)
4 posted on
05/12/2012 5:02:04 AM PDT by
Dr. Sivana
(There is no salvation in politics.)
To: oh8eleven
Reagan made the mistake of believing the Democrats would fulfill their end of the ‘compromise’. He raised taxes on the promise that spending would be cut. The Dems increased the budget exponentially. The Amnesty was the was the incentive for the ‘progressives’ to agree to enforce existing law. They didn’t do that either.
If Ronald Reagan were alive today, he wouldn’t recognize this nation. Ronald Reagan KNEW economics. He understood ‘Debtism’. He just couldn’t stop it. Everyone wants to get rich quick.
12 posted on
05/12/2012 5:34:23 AM PDT by
griswold3
(Big Government does not tolerate rivals.)
To: oh8eleven
Ah I think you are forgetting the promise of the democrat controlled Congress to cut spending three dollars for every dollar of tax increase. Reagan was fooled once not twice.
Go back and take your blinders off
20 posted on
05/12/2012 5:50:56 AM PDT by
Nifster
To: oh8eleven
Oh and as to immigration...the Bolles -Simpson bill was supposed to be ONCE and NEVER again.
I get tired of yokels who want to repaint Reagan’s term in office to serve their meme
21 posted on
05/12/2012 5:52:24 AM PDT by
Nifster
To: oh8eleven
I suggest you read up on history. Reagan lowered the rates from 70% down into the 20s. Later, in a deal with the democrats to pass other legislation, he raised them a few points.
If I lose 50 pounds, and gain back 5....in your world, I gained weight.
22 posted on
05/12/2012 5:55:44 AM PDT by
ilgipper
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