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phoenixbornagain (November 30, 1999 at 12:00 am)
Revenues from individual income taxes climbed from just over $244 billion in 1980 to nearly $467 billion in 1990. In inflation-adjusted dollars, this amounts to a 25 percent increase.What can be said other then Reagan was great and the best of the last 75 years in office
phoenixbornagain (November 30, 1999 at 12:00 am)
As a percentage of the gross domestic product (GDP), federal revenues declined only slightly from 18.9 percent in 1980 to 18 percent in 1990.
phoenixbornagain (November 30, 1999 at 12:00 am)
a good thing. There is a study that show there is alink between being a liberal and mental disorders
phoenixbornagain (November 30, 1999 at 12:00 am)
HOW DID THE REAGAN TAX CUTS AFFECT THE U.S. TREASURY? Many critics of reducing taxes claim that the Reagan tax cuts drained the U.S. Treasury. The reality is that federal revenues increased significantly between 1980 and 1990: Total federal revenues doubled from just over $517 billion in 1980 to more than $1 trillion in 1990. In constant inflation-adjusted dollars, this was a 28 percent increase in revenue.MMMM odd how under obama the socialist we have increased deby x4 and libs think thats
phoenixbornagain (November 30, 1999 at 12:00 am)
Under President Reagan, federal revenues increased even with tax cuts, federal spending did not decrease, the country experienced the longest period of sustained growth during peacetime in its history, and the rich paid more taxes proportionately than they had before the tax cuts were implemented.
phoenixbornagain (November 30, 1999 at 12:00 am)
History confirms the soundness of the Reagan, and now Bush, approach to economic policy. ^_^
phoenixbornagain (November 30, 1999 at 12:00 am)
Proponents of additional government spending try to make the Reagan boom appear to be a bust because they fear that Reagan's success will help President Bush build popular support for lower taxes, further deregulation, and reduced government spending. But their rhetoric is easily countered by the evidence.
mythic89 (November 30, 1999 at 12:00 am)
There will never be comedians this good ever again the best days are behind us now.
phoenixbornagain (November 30, 1999 at 12:00 am)
Even with the growing surplus, however, a small but vocal faction in Congress opposes any policies that would allow taxpayers to keep more of their own money through real tax cuts and that generally would shift power from the government to the people. This attempt to rewrite history should not be surprising.
phoenixbornagain (November 30, 1999 at 12:00 am)
@doggy-styleLOL |
