General Discussion
In reply to the discussion: If Thatcher was so "evil," how'd she get in? [View all]Benton D Struckcheon
(2,347 posts)which would be a year and a few months before that election. It was a pretty big issue among working folks. No one was happy that they were winding up in higher brackets just because of a cost of living raise. Those Reagan Democrats got that Reagan in front of their affiliation largely because of this tax issue, as I recall.
The hostage issue was an add-on. The bracket creep issue hit you right in the wallet. People tend to vote their wallet far more than they pay attention to foreign policy. And of course stagflation was the root of the bracket creep issue, but a large part of the resentment felt against inflation had to do with being bumped up and paying far higher taxes just because of inflation. The Democrats were being really obtuse by ignoring it.