Quote:
Originally Posted by crockett
That is a spending chart, not a tax chart.
Regan understood that he fucked up when he lowered taxes so much on the wealthy. It's why he ended up raising taxes 11 times over the rest of his presidency.
Even Bush Sr. raised taxes because he knew we were fucked, it's why he lost his bid at a second term.
You really should read this article..
http://www.rollingstone.com/politics...-rich-20111109 |
son, you don't read entertainment magazines to understand the history you LIVED through.
Reagan tried to starve the beast, problem was, the democrats refused to cut spending.
just like now.