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To: TitansAFC
Tax revenues are up 59 percent since 1980. Because of our economic growth? No. During Carter's four years, we had growth of 37.2 percent; Reagan's five years have given us 30.7 percent. The new revenues are due to four giant Republican tax increases since 1981.

Is there any accuracy to this?

2 posted on 12/13/2011 12:01:05 PM PST by RockinRight (If you're waiting to drink until you find pure water, you're going to die of dehydration.)
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To: RockinRight

The Real Reagan Economic Record: Responsible and Successful Fiscal Policy

http://www.heritage.org/research/reports/2001/03/the-real-reagan-economic-record


5 posted on 12/13/2011 12:06:09 PM PST by sheikdetailfeather ("Kick The Communists Out Of Your Govt. And Don't Accept Their Goodies"-Yuri Bezmenov-KGB Defector)
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To: RockinRight

As I recall, Reagan lowered tax rates but also eliminated some deductions. For some people that might have meant a tax increase. The idea was to simplify the tax code, but it never really happened to any substantial degree.

One of Reagan's big things was to rebuild the military during his two terms (esp. the Navy) -- something that RP probably did not approve of. The democrats knew that they could stick all kinds of stuff into a military spending bill (which they did), and Reagan would probably still sign it.

9 posted on 12/13/2011 1:37:28 PM PST by smokingfrog ( sleep with one eye open ( <o> ---)
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