Quote:
Originally Posted by joeydb
That's actually not quite true. Reagan did cut the income tax rates, but the revenue collected actually tripled by 1989. So there was more money coming in.
|
Except by 1989 Reagan had raised taxes in other ways, many of which were much more regressive and put more stress on the middle class. The tax cuts didn't increase revenue; he had to broaden the tax base to try to make up some of the lost revenue.