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To: vbmoneyspender
One other thing, the Reagan tax bill stopped all personal interest deductions other than on real estate, limited medical deductions and greatly reduced deductions for employee business expenses.
75 posted on 03/29/2002 4:24:10 PM PST by Texasforever
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To: Texasforever
In return for doing what? The tax code was simplified by Reagan so that only two income tax rates applied (i.e. 15% and 28%). That seems like a pretty good reform and I, for one, would be very happy if we want back to those two tax rates before the Code was further monkeyed with by Bush, Sr. and Clinton.

By the way, since when did it become acceptable for you to criticize fellow Republicans?;-)

Just kidding. Not trying to start another thread war.

82 posted on 03/29/2002 4:30:27 PM PST by vbmoneyspender
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