'82 Tax Obnoxious:
In 1982 supply-sider Arthur Laffer said of Reagan who supported and signed a the huge social security tax increase,
"This is not the same man we elected (Reagan)... This tax package is obnoxious." [Source.. Time Magazine, 8/30/82]
"PresReagan appointed Alan Greenspan as chairman of the Social Security reform commission. Its job was to come up with a plan to reform Social Security and make it fiscally solvent once again. That is exactly what happened. History doesn't lie. Social Security taxes did go up, from 4.8% to 5.7% (Today 6.2%). Reagan accomplished Social Security reform without a GOP House. Reagan achieved reform with a hostile House controlled by the Dems. OTOH. PresBush has a full GOP Congress and so far, Social Security reform has gone nowhere. It's a dead issue for now. The GOP is the majority party in power. We have a GOP POTUS. Yet all they can do is advance a liberal spending agenda. That is not in keeping with a fiscally conservative agenda."