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Politics : Formerly About Advanced Micro Devices

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To: zzpat who wrote (1037390)11/8/2017 12:00:51 PM
From: Brumar89  Read Replies (1) of 1574136
 
Bush 41 famously raised taxes. The NY Times claims the current GOP tax bill will raise taxes on people in high tax "blue" states:

Republican Plan Would Raise Taxes on Millions - The New York Times
nytimes.com.
2 days ago - President Trump and congressional Republicans have pitched the plan unveiled last week as a tax cut for most Americans. But millions of middle-class families — particularly those with children — would see an immediate tax increase, averaging about $2,000. ... By 2026, 45 percent of ...

In defense of Obamacare, The Atlantic pointed out that recent Republican Presidents had raised taxes more than Obamacare did:

2 of the Last 3 GOP Presidents Signed Larger Tax Increases Than Obamacare
https://www.theatlantic.com/business/archive/2012/07/2-of-the-last-3-gop-presidents-signed-larger-tax-increases-than-obamacare/259300/


The Atlantic article continues this graph:


The following graph of the biggest tax increases since 1950 is Kevin Drum's Treasury data graphed by Austin Frakt (via Ezra Klein):


theatlantic.com
theincidentaleconomist.com

So according to that Reagan raised taxes five times and Bush 41 once.
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