Recent News from People I follow...

Loading...

Tuesday, January 3, 2012

Speaking of Myth's

Could anything be more annoying than Republican's scrambling to claim the Reagan space... but, not acknowledging that he signed the largest tax increase in the history of the United States?  I've written about this before (HERE) but Alternet does a good job with it HERE

An excerpt:
"The facts are indisputable: in Ronald Reagan’s first term, he signed off on a series of tax increases — even when unemployment was nearing 11% — and proceeded to raise taxes seven out of the eight years he was in office. The truth is, “no peacetime president has raised taxes so much on so many people” as Reagan.

Of particular interest is the “Tax Equity and Fiscal Responsibility Act of 1982,” the largest of Reagan’s tax increases, and generally considered the largest tax increase — as a percentage of the economy — in modern American history. In fact, between 1982 and 1984, Reagan raised taxes four times, and as Bruce Bartlett has explained more than once, Reagan raised taxes 12 times during his eight years in office."

They call President Obama a Socialist, UnAmerican, etc., and he passes one of the largest tax cuts in the history of the United States, while their hero RASIED TAXES 12 TIMES!!??!

I think Barney Frank was right today when he said that the democrats slogan in 2012 should be -  "We're not perfect, but they're nuts"

No comments: