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View Diary: Take a Hard Line: We Should be Rolling Back the REAGAN Tax Cuts for the Rich, Not Just Bush (54 comments)

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  •  am i mistaken? (1+ / 0-)
    Recommended by:
    Troubadour

    But didn't reagan also raise payroll tax rates (SS Medicare etc.) so there was more money in those funds to 'borrow' so he could affectively mask deficits?
    And doesn't that mean that the portion of the deficit, caused by the tax cut for the wealthy, was paid for by those affected by those withholding taxes?
    Did the borrowing from the funds exceed the cost of the tax cuts for the wealthy? And does that mean the less well off were stuck with paying more of the cost of the  defense of the country than the well off?
    So we shifted some of the total burden from the very well off to the less well off in the name of 'fairness' huh?
    Personally i'd like us to never again save social security to pay for tax cuts for rich people.

    I'd love to hear the authors thoughts about this if the author is willing and has the patience for a guy like me.

    i must add. i've hated reagan since i heard him talking about students and hippies when he was Gov. of CA.

    •  Pretty much, yeah. (3+ / 0-)
      Recommended by:
      Roger Fox, dennis1958, trumpeter

      Republicans cut rich people's taxes and raise everyone else's taxes, because their ideal economy is a medieval manorial one where workers basically have to pay their own employers for the privilege of making them rich.

      "They fear this man. They know he will see farther than they, and he will bind them with ancient logics." -The stoner guy in The Cabin in the Woods

      by Troubadour on Thu Nov 15, 2012 at 12:53:50 PM PST

      [ Parent ]

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