Posted on 03/10/2023 10:14:43 AM PST by Brown Deer
"When we talk about 28% tax rate — Ronald Reagan was 28% tax rate — you know, that wacko liberal guy, the idea that that's an unreasonable amount…" Biden said during his Friday remarks.
(Excerpt) Read more at businessinsider.com ...
Go and watch the 1980 debates between Carter and Reagan, then look at the result of Reagan’s tax policy.
Irrelevant, he was a “spend and borrow” Republican. I would love low taxes and less spending. All we have now is taxes and massive spending. He did all that spending with a smile and nothing has changed except more debt. The idea we are gonna outgrow government without cuts to it, is a joke. At this point it’s a plan to destroy America.
Of course we all know that they from higher prices and not executive pay.
The fun thing is-if we look at the most regulated and highest taxed industries=they have among the highest paid executives.
Like they’re using inflation, taxation and regulation to protect their place at the trough-wait it is not like-
that is actually exactly what has taken place.
I don’t get why they don’t borrow everything? Why penalize the 40% that still produce and pay 100% of the burden. This is gross discrimination where all are to be treated equally under the law. ftr similar to our elections being the least secure in the history of the first world, our tax code is a marvel of progressivism to the point few if any other nations come remotely close to it.
I don’t disagree with you, but Reagan was faced with Democrat Congress. I recall being peeved when he didn’t veto crap spending legislation. I just think Reagan was far more ideologically inclined to keep spending at a minimum, but then again the Rat Congress thing. Compare Reagan to Trump and you have a massive difference. I know this is won’t go over well here, but Trump made drunken sailors seem frugal.
No nation in history ever taxed it’s way to prosperity.
Shut the fuck up Biden, you slimy piece of shit. You aren’t worthy to shine Reagan’s shoes.
“Ronald Reagan took the Presidency in a time of severe economic recession and high inflation. Those things cannot be refuted. “
This notion that taking over at the bottom is somehow more difficult than taking over after X years of growth is nonsense-the greater X, the more difficult it is to maintain growth.
This is a perpetual Obama excuse. Furthered by nobel winners, rhodes scholars et al...............and yet it only takes two working eyeballs to look at just about any growth story involving economics.
Business Insider does its Masters bidding.
What has the 21% rate done to corporate tax transfers to the treasury vs the 35% rate?
Does anyone know what the rate was under Carter?
I’m guessing 18 maybe 19
Carter built his own soon to be used casket
The biggest problem with the high corporate tax is that the companies shift their profits to the lowest tax countries. Since Reagan, there has been a race to the lowest corporate tax among the nations. So 28% was low in Reagan era, but it is NOT in today’s era. Even as Yelen is trying to force other countries to rise their corporate taxes.
Jobs will again go abroad!
So, instead of getting 10% of trillions, we are going to get 40% or whatever of NOTHING.
And the US workers will be the biggest victims!
Reagan brought it down from over 70%
He’s a rotten vegetable.
I think this is the essence of his 2024 campaign:
1.) Eat the rich.
2.) Endless war.
3.) Orange man bad.
(I never could have believed that anyone could would run on stupid ideas like this and not lost all 57 states, but maybe it is why the Demonrats wanted to legalize marijuana and shut down the schools.)
He was dropping it, and that was a compromise number which proved that it was OK to go even lower.
Reagan also recreated a conventional military, after it having become nearly useless under the ‘all we need are nukes’ doctrine.
Please don’t insult vegetables ... some of them are smarter than he is.
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