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

To: greenspirit who wrote (140192)4/22/2001 10:18:09 PM
From: Scumbria  Read Replies (3) | Respond to of 769667
 
Michael,

When Reagan cut rates, revenue's surged.

This is a favorite Republican myth. Have you ever looked at the numbers?

1981 599,272
1982 617,766
1983 600,562
1984 666,486

Reagan's tax cut passed in 1981, and there was zero revenue growth during the next two years. Recognizing the shortfall, Reagan signed tax hikes into law in 1982, 1984 and 1986.

Scumbria


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