Raw Story: Cantor refuses to admit Reagan raised taxes in 60 Minutes Interview

[TalkingDog]

http://www.rawstory.com/rs/2012/01/02/cantor-refuses-to-admit-reagan-raised-taxes/

Stahl then mentioned to Cantor how his “idol” Reagan compromised his principles by raising taxes during his presidency. Cantor tried to deflect the focus by mentioning that Reagan cut taxes, but Stahl reiterated her point.

Upset at the reporter, Cantor’s press secretary yelled off camera, “That’s not true, and I don’t want to let that stand.”

(editorial image)



No matter if Cantor, his staff or conservatives at-large want to deny that Reagan raised taxes, what Stahl said is completely true.

After his huge tax cut in 1981 slashed all tax rates to 23 percent, sparking a budget crisis, Reagan realized he’d also have to raise taxes in the years that followed. He raised taxes four times between 1982 to 1984, increasing the payroll tax, broadening the base of Social Security payees, applying the income tax to higher earners and rolling back corporate and individual tax breaks.

/snip

[csziggy]

1. If Adam Savage would allow it, the Republicans would use his line

Clip of Adam Savage:

They certainly live it!

[krispos42]

2. I graphed some info from Wikipedia

http://en.wikipedia.org/wiki/Income_tax_in_the_United_States#Historical_income_tax_rates_.281913.E2.80.932010.29







For a married couple filing jointly, not adjusted for inflation.


Obviously, back in 1950, a couple making $10,000 year was doing pretty well. But the 80's and 90's and 00's are interesting.

[krispos42]

3. And this is just plain old interesting

[trumad]

4. They like to cover their ears.

3:18 in