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Originally Posted by tony404
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According to the Congressional Budget Commission on Pg.5 OTA U.S. Department of Treasury he didnt raise taxes.
Reagan placed tax policies based on supply-side economics of a critical budget bill, written by Dems. The signed legislation raising the Social Security tax rate that was part of the budget bill that was in Congressional limbo for over months.
So whats he going to do not sign the budget bill for the nation? Or move the county forward and release funds. Regan broke the Democrats back for 4 months over the budget bill until it was unanimously agreed upon. Further more the President can't raise or lower taxes. That is a function of the Congress by way of the House Committee on Ways and Means and the Senate Finance Committee, along with the members of both bodies.
On a side note, the bill he signed was a stack of paper about 10 inches in thickness. He displayed it on TV in disgust as a sign of displeasure by what the Democats had become.
You can educate yourself by reading the Supply-Side Tax Cuts Policy Analysis but i doubt anyone will do it, most everyone on here is to lazy to care.
http://www.cato.org/pub_display.php?pub_id=1120&full=1