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Reagan raised taxes?

06 Jan

On 6 Jan 1983, the great tax cutter President Ronald Reagan signed into law a five cent per gallon federal gas tax hike; that’s right, Ronald Wilson Reagan signed into law a five cent per gallon tax increase. The reason for the new tax hike? He was going to stimulate the economy!

Wow, the great white father of Republican mythology raised yet another tax; where does it all end Timmy?

It’s time for the far right-wing worshippers to come to the pool of truth, drink deeply, and admit Reagan didn’t raise revenues from trickle down, he did it by raising taxes, more than 12 times during his eight years in office, including raising the federal gas tax. Can you imagine how apoplectic the right would go if President Obama merely suggested a five cent gasoline tax? They’d be beside themselves screaming it was a socialistic plot to take over the petroleum industry.

Facts are stubborn things, and facts are Reagan cut taxes his first year in office, and when he failed to turn the economy around he then raised taxes non-stop his remaining years in the White House. Facts are stubborn things.

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1 Comment

Posted by on January 6, 2012 in Taxes

 

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One response to “Reagan raised taxes?

  1. narmvyguy

    April 17, 2014 at 11:37

    It was for road improvement

     

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