Ronald Reagan tried the UK’s economic plan. It didn’t work

CNN ^ | 09/27/2022 | Nicole Goodkind

[CommerceComet]

This author is a ditz

I remember how awful the economy was under Reagan and huge groundswell of desire to bring Carter back. (/sarcasm)

What a moron!

[napscoordinator]

That’s Not true. My neighbor who is retired has his pension and Social Security taxed. Maybe if you’re over a limit they tax it. God knows they don’t want anybody to have a little bit of money in their pocket.

[Chad C. Mulligan]

Didn’t work, huh? Fooled me, and I was there.

[napscoordinator]

https://www.fool.com/retirement/2019/12/14/why-are-social-security-benefits-taxable.aspx

Nice try. It was a reagan in 1984.

[napscoordinator]

Why? Was Reagan’s hand broken? They sign the crap.

[Olog-hai]

That has to have been a recent development, or something has gone wrong with his accounting and they’re counting pension as additional income. Nobody I know who is fully retired has their SS taxed.

[Olog-hai]

Either that or the Democrats and RINOs override a veto. They hated Reagan enough as it was.

[bankwalker]

true ... I worded it poorly ... it seems that presidents are ‘solely’ blamed by the general public and I don’t think they even know that congress is heavily involved. The rats take advantage of that ignorant public perception.

[Da Coyote]

“This author is a ditz “
In CNN, every entity (nope, they are not persons) is a ditz.

[sarge83]

Had congress kept spending to inflation rates we wouldn’t be $30T in debt right now. But congress, R&D can’t help themselves...

[steve8714]

That was from Little Dick Gebhardt, in his tax plan.

[mewzilla]

This is XiNN.

[Lakeshark]

Nice try? What do you think I was trying?

Read down, you'll see it, he taxed sosh security in this bill.

https://en.wikipedia.org/wiki/Omnibus_Budget_Reconciliation_Act_of_1993

[pluvmantelo]

Thanks, I learned a new word.

[AFPhys]

Where is the BARF alert?

[EastTexasTraveler]

It is called supply side economics. It worked for President Reagan and will work every time it is tried.

[napscoordinator]

Boy reagan was bamboozled by amnesty and now social security taxes. I don’t understand why he was so easily fooled.

[thisyearinbaghdad]

The real question is: Did Actual President Trump tie his 49-state landslide or beat it?

[Go_Raiders]

https://www.socialsecurityintelligence.com/the-windfall-elimination-provision/