I Get Tired of Repeating This, So Hopefully, It Will Be for the Last Time

by Pejman Yousefzadeh on January 2, 2012

Yes, Ronald Reagan raised taxes at times. But the net result of the Reagan administration’s tax policy was a tax cut for the American people. The Tax Reform Act of 1986 achieved revenue neutrality by lowering marginal rates–the top rate was 28%–while reducing deductions, and broadening the base. One need only consult Wikipedia(!) to find out that the Reagan administration cut taxes overall; as it points out, “[t]he fact that tax receipts as a percentage of GDP fell following the Economic Recovery Tax Act of 1981 shows a decrease in tax burden as share of GDP. Total tax revenue from income tax receipts increased during this time. The economic growth and increase in GDP outpaced the increase in tax receipt revenue, resulting in a slightly reduced tax burden as a percentage of GDP for the economy.”

I recognize that port-siders are interested in portraying Ronald Reagan as some kind of taxing fiend, but history just does not support such a depiction. I’d ask for some honesty from the Left regarding Reagan’s record, but ever since January 20, 1981, those who have found themselves on the opposite side of the political divide from Ronald Reagan have been determined to muddy the waters in any way that they could when it comes to his policy legacy.

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