Posted on 05/04/2025 6:17:51 PM PDT by SeekAndFind
A great piece in the WSJ by former Reagan speechwriter Kenneth Khachigian reminds us of what happened when Reagan was snookered into raising taxes 40 years ago.
“In 1988 Reagan complained that the 1982 tax increase that he reluctantly embraced was among the worst decisions of his presidency.”
We would add that on several occasions when taxes were proposed to Reagan during his second term, he would fume: “I’m still waiting for those three dollars of spending cuts they promised me the last time we raised taxes.” They never came.
Reagan learned his lesson the hard way. Will President Trump and the current Republicans in Congress?
Reagan never saw the abuses of the FED that make sure that no billionaire is left behind. The 1% don’t pay taxes because they take out loans with stock/options ‘assets’ as collateral and the FED pump makes sure that those ‘assets’ never decline in ‘value’. It is all a racket; big club and the middle class ain’t in it.
I’ll agree, however, we do need deep cuts in spending because these trillion dollar deficits piling up are unsustainable .
Because we’re on the right hand side of the peak of the Laffer Curve.
Duh!!!
That should make everyone of us furious.
> Reagan learned his lesson the hard way. Will President Trump and the current Republicans in Congress?
50/50 on Trump. Republicans in Congress will definitely agree to raise taxes and they will accept immediate taxes for a vague promise of future cuts.
This is BullCr@p...Trump is going to LOWER taxes not increase them.
Reagan was about the only politician I ever looked up to and respected -- ever.
This was about his only mistake in eight years. Not a bad record. Right?
Ronald, come back and save us from this massive mess we've made. God, will you help? 'Cause it's getting worse -- not better.
Yeah, he had a lot of those.
Him spitting on the 2nd Amendment by outlawing private ownership of machine guns manufactured after 1986 was the worst. Our Founding Fathers clearly intended for America's civilian population to have the same weapons as the federal JBTs. Only then could we defend against a govt filled with commie pigs.
Yeah, thanks for that ronnie.
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