No. of Recommendations: 2
This is a curious assertion, because when federal income tax rates were lowered under Reagan, tax revenue as a percentage of GDP actually increased.

Except the debt doubled, creating an illusion of wealth and putting off the day of reckoning.

If liberals were logical, they would have been in favor of the Reagan income tax *increase*.

If "libertarians" were at all economically or ethically consistent, they wouldn't have been in favour of the Reagan tax rate decrease.
Print the post  


Live Video Event Monday!
The GP team is hosting a live video event on Monday at 4 p.m. ET. Don't worry if you can't make it — we'll have a replay and a transcript. Click for more!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.