Reagan Myths: Reagan Raised Taxes but spawned NO Tea , Obama cuts taxs and gets Tea..Go figure (unemployment, health care)

[harborlady]

Originally Posted by Pelosi

"Will Bunch reminds his readers that as California's governor, Reagan signed the largest tax hike in the state's history ($1 billion in a $6 billion budget) as well as approving a bill legalizing abortions. In an article in the conservative National Review (10/29/03) Bruce Bartlett, one of Reagan's economic advisors, states that the 1982 Tax Equity and Fiscal Responsibility Act [was] the largest peacetime tax increase in American history." Bartlett goes on to list tax increases for every year from 1982-1987. Economist Paul Krugman sums it up succinctly: "No peacetime president has raised taxes so much on so many people."

Ten Myths about the Reagan Presidency

Hmmm looks like some people can't handle Reagan being criticized. Sorry about that. Weak minds can't help but retaliate when evidence they don't like shows up on the boards.

[saganista]

Originally Posted by pghquest

Or its more likely that one ignored the fact that the taxable rate cut by Reagan was more than 50%, while Obama, a few percentage points.

LOL. Nobody pays their taxes in percentage points. They pay in dollars. Obama's tax cuts were nearly twice as large as Reagan's. Republicans voted AGAINST them.

Originally Posted by pghquest

Or its even more likely that liberals and Democrats are outright LYING about tax cuts because Obama created $600B in NEW taxes... Obama cut $300B in taxes, and Raised $600B more. THATS NOT A CUT.. Its a 100% increase..

All from the health care bill, I presume. That tanning tax is gonna crush the middle class. Not to mention the one on elective cosmetic surgery. And when do these go into effect? Now, like the tax cuts? Hmmm. Here's what actually does happen now...

-- Children age 26 and younger will be able to remain covered under their parents health insurance plans.
-- Medicare recipients will receive a $250 rebate to help in closing the “doughnut hole”, with the goal being to close the doughnut hole completely by 2020.
-- Health insurance companies will be banned from excluding coverage for pre-existing conditions for children.
-- Adults with pre-existing conditions will be eligible for coverage into high risk health insurance pools until future health care exchanges are up and running.
-- Health insurance companies will be prohibited from levying annual limits and lifetime limits on coverage.
-- All new health insurance plans must provide coverage for preventative services with no out of pocket cost (all health plans will be forced to comply by 2018).
-- Those companies that offer health benefits for early retirees ages 55 to 64 will receive assistance from a temporary reinsurance program.
-- All new health insurance plans will have to comply with new regulations that lay out an appeals process for when health insurance claims are denied.
-- Small businesses that employ less than 50 people are eligible for a tax credit equal to 35% of their health insurance premiums (this increases to 50% by 2014).

To me, all of those things have a definite value to consumers. Some you can put a direct dollar-value to, some you can't. Are you offsetting your tax compaints by the value of any of these new benefits?

Originally Posted by pghquest

What NEW taxes did Reagan create and what was the total?

In 1982 alone, he signed into law not one but two major tax increases. The Tax Equity and Fiscal Responsibility Act raised taxes by $37.5 billion per year, and the Highway Revenue Act of 1982 raised the gasoline tax by another $3.3 billion. According to a recent Treasury Department study, TEFRA alone raised taxes by almost 1 percent of the gross domestic product, making it the largest peacetime tax increase in American history. An increase of similar magnitude today would raise more than $100 billion per year. In 1983, Reagan signed legislation raising the Social Security tax rate. This is a tax increase that lives with us still, since it initiated automatic increases in the taxable wage base. As a consequence, those with moderately high earnings see their payroll taxes rise every single year. The following year, Reagan signed another big tax increase in the Deficit Reduction Act of 1984. This raised taxes by $18 billion per year or 0.4 percent of GDP. A similar sized tax increase today would be about $44 billion. The Consolidated Omnibus Budget Reconciliation Act of 1985 raised taxes yet again. Even the Tax Reform Act of 1986, which was designed to be revenue-neutral, contained a net tax increase in its first two years. And the Omnibus Budget Reconciliation Act of 1987 raised taxes still more. The year 1988 appears to be the only year of the Reagan presidency, other than the first, in which taxes were not raised legislatively. Of course, previous tax increases remained in effect. According to a table in the 1990 budget, the net effect of all these tax increases was to raise taxes by $164 billion in 1992, or 2.6 percent of GDP. This is equivalent to almost $300 billion in today's economy.
-- Townhall.com, Bruce Bartlett, Oct 28, 2003

Originally Posted by pghquest

STOP LYING, you are making a fool of yourself...

Stop using such hyperbole in an attempt to hide the fact that you don't actually know what you are talking about.

[Huckleberry3911948]

when people like the way you walk and talk they will follow what you say is secondary. the GOP has a nasty habit of voting for anything that wears a cowboy hat and swaggers.
principles not personality please.
we have a spending problem--- america its people and its leaders.
stop it.

[delusianne]

Originally Posted by Wapasha

I did not say "presidents faced with a hostile Congress have no influence", you did.

You said, "Reagan had to contend with a hostile democrat controlled senate and congress, he can only sign what is sent to him."

Did that mean all presidents, or only poor little Reagan?

In his first term and the first half of his second Rs controlled the Senate, btw. (They were all thrown out by the end of his second, lol.)

Originally Posted by Wapasha

When presidents are in office and the other party controls the congress, senate, or both, they have to get along, up to a point, or nothing gets done. So they end up signing some things they would rather not have to. Reagan, Clinton and Bush all had to sign things they normally would not have wanted to, they do their best to work with the congress and senate. But this gives people plenty of ammo so they want to play the partisan "gotcha" game all day.

0bama's political party does have control over the legislature and executive branch, and did have a super majority; when was the last time we have seen that in politics?

Are you serious?

Originally Posted by Wapasha

so 0bama is getting everything he wants, including his trillion dollars in new taxes and a very large contribution to our national debt

BTW, is this how you get people to discuss things, by being rude and condescending? People are not as fond of snarky and rude as you may think.

O noes, it's always been my dream to be the best beloved poster at this internet message board.

"0bama is getting everything he wants, including his trillion dollars in new taxes and a very large contribution to our national debt" -- and what are those things he's getting (or, in real life outside of righty-bubbleland, proposing)? According to your own link, which are the absolute most despicable?

There's a thread on here somewhere about the debt that might put this into perspective for you btw. (Or not.)

[AONE]

Originally Posted by nononsenseguy

You know nothing about Reagan.

You may not know as much as you think you do either...

Orwell Rolls In His Grave

The truth isn't always something that taste great to all.

This is a great post... wished he covered the myth about inflation and Reagan. His whole presidency was created from propaganda. where lies were repeated so much people accepted them as true... He was a master of Geobels(sp?) techniques.


****WARNING for all you Reagan lovers DO NOT WATCH THE LINK ******

it will not support the fantasy.

[harrycrat]

Reagan was a giant
&
all u who try to defame him have the status of a termite...

He was the Terminator,u r the...Termitetor...

[city414]

Originally Posted by Pelosi

Calling something a lie without proof is in fact a lie.

not a member anymore hey, well this is a moderate website, with conservative mods so..

[city414]

reagan one of the biggest criminals in history- illegal arms dealing etc

[pghquest]

Originally Posted by saganista

LOL. Nobody pays their taxes in percentage points. They pay in dollars. Obama's tax cuts were nearly twice as large as Reagan's. Republicans voted AGAINST them.

I checked the IRS website for a flat tax fee system, but none found. Can you point out the tax system which you imagine exists based upon dollars and not percentages?
http://www.taxfoundation.org/files/fed_individual_rate_history-20091231.pdf (broken link)
Your non stop spinning is getting almost ridiculous.

Originally Posted by saganista

All from the health care bill, I presume. That tanning tax is gonna crush the middle class. Not to mention the one on elective cosmetic surgery.

Ahh no, not all from the healthcare bill.. But ridiculing the taxes because they are not going to "crush" the middle class doesnt mean they dont exist. Hell, the tax rate wasnt crushing the middle class before it was "lowered" by Obama either..

Originally Posted by saganista

And when do these go into effect? Now, like the tax cuts?

So you now agree there are tax increases under Obama.. Then why the hell are you disputing this with me if you agree its correct? Oooh I know.. you hate when people point out tax INCREASES under Obama..

Originally Posted by saganista

-- Children age 26 and younger will be able to remain covered under their parents health insurance plans.
-- Medicare recipients will receive a $250 rebate to help in closing the “doughnut hole”, with the goal being to close the doughnut hole completely by 2020.
-- Health insurance companies will be banned from excluding coverage for pre-existing conditions for children.
-- Adults with pre-existing conditions will be eligible for coverage into high risk health insurance pools until future health care exchanges are up and running.
-- Health insurance companies will be prohibited from levying annual limits and lifetime limits on coverage.
-- All new health insurance plans must provide coverage for preventative services with no out of pocket cost (all health plans will be forced to comply by 2018).
-- Those companies that offer health benefits for early retirees ages 55 to 64 will receive assistance from a temporary reinsurance program.
-- All new health insurance plans will have to comply with new regulations that lay out an appeals process for when health insurance claims are denied.
-- Small businesses that employ less than 50 people are eligible for a tax credit equal to 35% of their health insurance premiums (this increases to 50% by 2014).

blah blah blah blah blah.. AND TAX INCREASES AS WELL. I know.. you forget they exist, or you know they exist and expect everyone else to.. Which is it?

Originally Posted by saganista

To me, all of those things have a definite value to consumers. Some you can put a direct dollar-value to, some you can't.

There could be an argument to have the government give all americans $1M, or to forgive their mortgages, or to pay off all of our debts.. That doesnt mean it makes sense..

Originally Posted by saganista

Are you offsetting your tax compaints by the value of any of these new benefits?

None of these will benefit myself, but if you are discussing the american public, I'm sorry but I dont see how the raising of rates, the only possible outcome of a bill which was suposed to cut them, is beneficial. Its the EXACT OPPOSITE of how it was sold to the public. You are though going off on a tangent because the discussion is TAXES.. And you cant ignore the TAXES in the bill, or the other bills passed..

Originally Posted by saganista

In 1982 alone, he signed into law not one but two major tax increases. The Tax Equity and Fiscal Responsibility Act raised taxes by $37.5 billion per year, and the Highway Revenue Act of 1982 raised the gasoline tax by another $3.3 billion. According to a recent Treasury Department study, TEFRA alone raised taxes by almost 1 percent of the gross domestic product, making it the largest peacetime tax increase in American history. An increase of similar magnitude today would raise more than $100 billion per year. In 1983, Reagan signed legislation raising the Social Security tax rate. This is a tax increase that lives with us still, since it initiated automatic increases in the taxable wage base. As a consequence, those with moderately high earnings see their payroll taxes rise every single year. The following year, Reagan signed another big tax increase in the Deficit Reduction Act of 1984. This raised taxes by $18 billion per year or 0.4 percent of GDP. A similar sized tax increase today would be about $44 billion. The Consolidated Omnibus Budget Reconciliation Act of 1985 raised taxes yet again. Even the Tax Reform Act of 1986, which was designed to be revenue-neutral, contained a net tax increase in its first two years. And the Omnibus Budget Reconciliation Act of 1987 raised taxes still more. The year 1988 appears to be the only year of the Reagan presidency, other than the first, in which taxes were not raised legislatively. Of course, previous tax increases remained in effect. According to a table in the 1990 budget, the net effect of all these tax increases was to raise taxes by $164 billion in 1992, or 2.6 percent of GDP. This is equivalent to almost $300 billion in today's economy.
-- Townhall.com, Bruce Bartlett, Oct 28, 2003

Wait, you just said that percentages dont count, while you list a bunch of taxes based upon percentages. Are you now telling me your posting is meaningless? Btw, are you also claiming there was no benefit to these tax increases, and therefor they also dont exist? Really, attempt to stay focused because you are now discrediting your own posting... But to reply to all of this, Reagan moved how tax liabilities were being collected, similar to what Obama is doing. Cut a tax here, raise a tax there!!! Your $300B subtotal is odd because thats EXACTLY the amount of taxes raised by Obama in ONE YEAR.. Cut $300B in taxes, raise $600B more.. Obama outtaxed Reagan in 1 year, what Reagan did in EIGHT..

Originally Posted by saganista

Stop using such hyperbole in an attempt to hide the fact that you don't actually know what you are talking about.

These are YOUR FIGURES.. NOT MINE..

[Pookie4]

Originally Posted by harrymiafl

Your lies,quoting among others the communist beardo Krugman ,lead u to a terrible start in CDF...

Go comment on Huffpost

Maybe pick up a dictionary and learn the meaning of "communist". People aren't communists because you don't have the intelligence or maturity to handle the truth and/or a differing opinion. Grow up.