September 23rd, 2003, 03:07 PM
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#9 (permalink)
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| Let's go, Hokies!
Join Date: Oct 2001 Location: South Jersey
Posts: 7,570
| Quote: Originally posted by MTAtech
Actually, Reagan had to abandon his tax-cuts in his later years. In addition, most of the tax revenue increase was from payroll and SS taxes. | Abandon? Reagan completely revamped the tax structure (the basics of which remain intact to this day).
And of course tax revenue increased due to payroll taxes. That's the whole idea behind tax cuts!!! Cut taxes, spur growth, increase earnings and revenue. DUH!! |
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