Raw Story: Cantor refuses to admit Reagan raised taxes in 60 Minutes Interview [View all]

[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