tag:blogger.com,1999:blog-3345263705289926344.post5341655950879025052..comments2023-05-26T10:40:40.380-04:00Comments on The Right Track: Despite Obama's claims, Reagan's tax policies were nothing like hisJulie Szydlowskihttp://www.blogger.com/profile/10773686248879273676noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3345263705289926344.post-9017388330568413182012-09-08T11:49:27.557-04:002012-09-08T11:49:27.557-04:00You are counting on people's ignorance, not th...You are counting on people's ignorance, not the president. When Reagan first cut taxes in 1981, he tanked the economy and the unemployment rate skyrocketed to 10.3%. He had no choice but to raise taxes because tax cut for rich people help no one but the rich. Why don't you speak about the part where the debt tripled under Reagan? Talk about LIES and misinformation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3345263705289926344.post-82212427786091825202012-04-12T22:15:39.197-04:002012-04-12T22:15:39.197-04:00True, although Reagan did accept several tax incre...True, although Reagan did accept several tax increases in exchange for budget cuts. The current understanding of tax increases as a "principle" that absolutely cannot be considered is pretty anti-Reagan. That is something that politicians on both sides should understand - if you want budget cuts, tax increases, or anything considered a legislative priority, be prepared to give something up.<br /><br />Reagan almost definitely wouldn't be behind the "Buffett Rule" (at least in the sense that taxes should be increased on the rich), but he was behind closing loopholes that allowed the Buffetts and their respective secretaries of the '80s to have radically regressive tax payments. <br /><br />I'd suggest reading this Politifact article: http://www.politifact.com/truth-o-meter/statements/2012/apr/04/barack-obama/ronald-reagan-understood-make-deal-he-would-have-p/<br /><br />And also, this transcript of a Reagan speech (which, as always, is a pleasure to read): http://www.reagan.utexas.edu/archives/speeches/1985/60685a.htmAnonymousnoreply@blogger.com