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Politics : Formerly About Advanced Micro Devices
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TideGlider
To: Ron who wrote (955177)8/9/2016 2:28:12 PM
From: Tenchusatsu2 Recommendations  Read Replies (1) of 1575341
 
Ron, from Wikipedia:
However, this "increase" was achieved primarily through the cancellation of future tax cuts scheduled by ERTA the year before that had yet to take effect at the time of TEFRA's passage. Taxpayers still receive $375 billion in tax cuts in the 3 years following TEFRA.
To call this "the largest tax increase in American history" is to misrepresent reality.

Tenchusatsu
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