[MTAtech]

No, no, no. This is only true if 'revamp' means 'raise.' You are giving the impression that Reagan lowered taxes and more revenue came in. That is just not true. At first, Reagan lowered taxes and less money came in. 'The Reagan Administration and the split Congress also raised taxes in 1982, 1984, and 1986, although back then they were called "revenue enhancements," not tax increases. '
Check the above link.
"In fact, almost half of the increased revenues of the Reagan era came from Social Security and Medicare payroll taxes, which were increased by President Reagan and Congress in 1983."


In addition, Reagan 'revamped' the several retirement systems that made workers pay into the systems who never paid before. Then, the gov't raided the systems' surpluses and replaced them with gov't debt to pay for current expenditures.

I remember the tax increases of 1986. Income averaging was elliminated as was deductability of interest except mortgage interest.