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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Scumbria who wrote (139148)	4/18/2001 4:58:54 PM
From: SecularBull	Read Replies (1) \| Respond to of 769670

The vast majority of tax payers. ~SB~

To: Scumbria who wrote (139148)	4/18/2001 5:01:36 PM
From: Neocon	Read Replies (1) \| Respond to of 769670

The Tax Cuts President Reagan first proposed a 30%, across the board (i.e., for all taxpayers), tax rate cut during the 1980 primary campaign. His proposal stemmed both from his own belief in pre-Keynesian economics and the Kemp-Roth initiatives in congress. President Reagan was able to sign into law the tax cuts in late 1981 after an attempt by congressional Democrats to block the cuts (i.e. "gridlock") failed...but at the reduced rate of 25%, and an effective rate of 23% since the cuts would be over three years (5% in 1981, retroactive; 10% for 1982; 10% for 1983). All taxpayers received these cuts, not just the rich as anti-Reagan revisionists would have you believe, as shown in the table of effective tax rates. And, also contrary to liberal recounting, the tax cuts helped spur the economy (see the expansion). In addition, income tax revenues increased during this period and the share of taxes paid by the rich increased also! In other words, the liberals have been lying to you. Note also that claims about Social Security versus Income taxes (i.e., that Reagan increased SS far more than he cut income) being put forward are also false. It's just yet another attempt by defeated liberals to change the subject. Further evidence of the relative tax burdens comes from the CBO itself in the form of the total overall federal tax burden for each taxpayer. Finally, there is the data from the Census Bureau for mean taxes paid and median household income before and after taxes, which back up our claims. It shows that Federal Income taxes were decreased more than SS taxes were increased. reagan.webteamone.com --------------------------------------------------------------------------------