Dante on January 4, 2013 at 2:02 PM

Ron Paul dines on humans.

Regan – Net Tax Cutter.
Do YOUR own research, stop regurgitating the opinons of those of fringe European socialists dressed in wolves clothing.

FlaMurph on January 4, 2013 at 1:59 PM

You are willfully ignorant. Good day.

Reagan, not Congress, had the power of the veto pen. Refute anything in Rothbard’s article with facts rather than your hero worship.

Try it.

Dante on January 4, 2013 at 1:22 PM

.
Regan – Net Tax Cutter.
Do YOUR own research, stop regurgitating the opinons of those of fringe European socialists dressed in wolves clothing.

You’re over anal-yzing and cherry picking. Comparing Pre-WWII Hoover Admin with Reagan years, 50 years later. Makes sense.

Aggregately- Reagan was a Net Tax Cutter who worked with a deceptive and dishonest Democrat Party Controlled Congress – as best he could. All the liberal parsing/spin cannot change that.

And do more research on Black Monday ’87. You’ll be amazed.

FlaMurph on January 4, 2013 at 12:59 PM

The record shows that Reagan was not a “net tax cutter,” a false claim that you continue cling to.

Reagan, not Congress, had the power of the veto pen. Refute anything in Rothbard’s article with facts rather than your hero worship.

Try it.

Tim_CA on January 4, 2013 at 11:46 AM

Pretty good site right here.

Dante on January 4, 2013 at 12:15 PM

.
You’re over anal-yzing and cherry picking. Comparing Pre-WWII Hoover Admin with Reagan years, 50 years later. Makes sense.

Aggregately- Reagan was a Net Tax Cutter who worked with a deceptive and dishonest Democrat Party Controlled Congress – as best he could. All the liberal parsing/spin cannot change that.

And do more research on Black Monday ’87. You’ll be amazed.

lol

do you have an inferiority complex? You’re worth talking to.

Slade73 on January 4, 2013 at 4:44 AM

Thanks, and nope, I don’t have an inferiority complex – I just knew I was getting ready to sign off for the night! :)

You LIE and obfuscate. But you’re probably a Democrite/socialist wannabe , and thats just how you Lobamatrolls roll.

Reagan was a “Net” tax cutter looking from an overall, aggregate stand point. Not even Kennedy can say that – although Johnson did follow up his policy- and cut taxes back, until raising them to pay for Vietnam.

Did Reagan raise taxes? Yes – 1982 he passed his (congress’s)largest Tax increases- with the Promise from Tip O’Neils Congress for a 3:1 ratio of spending cuts to tax increases later down the road. It was a fiscally sound-Good deal- AT THAT TIME ….but guess what happened with those Spending cuts that were promised??? you got it- NEVER HAPPENED- So what did Congress do with spending? Bingo. So Reagan was basically lied to, to pass that 1982 Tax increase. Even back then the Demoncrats were a dishonest bunch. Go figure.

Was the military in bad shape when Carter got through with his time? You betcha ! Was spending required to keep up with the Ruskies ? Yep. Do Conservatives feel a strong Military is more important than spending on Hollywood, Electric scooters and Flukes contraception ?
You betcha, again.

Reagan doesn’t have to be your best President- but stop lying.
Reagan was an aggregate TAX CUTTER- and no modern President can claim that achievement. But who could ever be perfect like Hussein Obama.

FlaMurph on January 4, 2013 at 11:45 AM

For your education:

The Myths of Reaganomics

Tax Cuts. One of the few areas where Reaganomists claim success without embarrassment is taxation. Didn’t the Reagan administration, after all, slash income taxes in 1981, and provide both tax cuts and “fairness” in its highly touted tax reform law of 1986? Hasn’t Ronald Reagan, in the teeth of opposition, heroically held the line against all tax increases?

The answer, unfortunately, is no. In the first place, the famous “tax cut” of 1981 did not cut taxes at all. It’s true that tax rates for higher-income brackets were cut; but for the average person, taxes rose, rather than declined. The reason is that, on the whole, the cut in income tax rates was more than offset by two forms of tax increase. One was “bracket creep,” a term for inflation quietly but effectively raising one into higher tax brackets, so that you pay more and proportionately higher taxes even though the tax rate schedule has officially remained the same. The second source of higher taxes was Social Security taxation, which kept increasing, and which helped taxes go up overall. Not only that, but soon thereafter; when the Social Security System was generally perceived as on the brink of bankruptcy, President Reagan brought in Alan Greenspan, a leading Reaganomist and now Chairman of the Federal Reserve, to save Social Security as head of a bipartisan commission. The “saving,” of course, meant still higher Social Security taxes then and forevermore.

Since the tax cut of 1981 that was not really a cut, furthermore, taxes have gone up every single year since, with the approval of the Reagan administration. But to save the president’s rhetorical sensibilities, they weren’t called tax increases. Instead, ingenious labels were attached to them; raising of “fees,” “plugging loopholes” (and surely everyone wants loopholes plugged), “tightening IRS enforcement,” and even revenue enhancements.” I am sure that all good Reaganomists slept soundly at night knowing that even though government revenue was being “enhanced,” the president had held the line against tax increases.

“Reagan’s foreign economic policy has been the exact opposite of its proclaimed devotion to free trade and free markets.”
The highly ballyhooed Tax “Reform” Act of 1986 was supposed to be economically healthy as well as “fair”; supposedly “revenue neutral,” it was to bring us (a) simplicity, helping the public while making the lives of tax accountants and lawyers miserable; and (b) income tax cuts, especially in the higher income brackets and in everyone’s marginal tax rates (that is, income tax rates on additional money you may earn); and offset only by plugging those infamous loopholes. The reality, of course, was very different, In the first place, the administration has succeeded in making the tax laws so complicated that even the IRS admittedly doesn’t understand it, and tax accountants and lawyers will be kept puzzled and happy for years to come.

Secondly, while indeed income tax rates were cut in the higher brackets, many of the loophole plugs meant huge tax increases for people in the upper as well as middle income brackets. The point of the income tax, and particularly the marginal rate cuts, was the supply-sider objective of lowering taxes to stimulate savings and investment. But a National Bureau study by Hausman and Poterba on the Tax Reform Act shows that over 40% of the nation’s taxpayers suffered a marginal tax increase (or at best, the same rate as before) and, of the majority that did enjoy marginal tax cuts, only 11% got reductions of 10% or more. In short, most of the tax reductions were negligible. Not only that; the Tax Reform Act, these authors reckoned, would lower savings and investment overall because of the huge increases in taxes on business and on capital gains. Moreover savings were also hurt by the tax law’s removal of tax deductibility on contributions to IRAs.

Not only were taxes increased, but business costs were greatly raised by making business expense meals only 80% deductible, which means a great expenditure of business time and energy keeping and shuffling records. And not only were taxes raised by eliminating tax shelters in real estate, but the law’s claims to “fairness” were made grotesque by the retroactive nature of many of the tax increases. Thus, the abolition of tax shelter deductibility was made retroactive, imposing huge penalties after the fact. This is ex post facto legislation outlawed by the Constitution, which prohibits making actions retroactively criminal for a time period when they were perfectly legal. A friend of mine, for example, sold his business about eight years ago; to avoid capital gains taxes, he incorporated his business in the American Virgin Islands, which the federal government had made exempt from capital gains taxes in order to stimulate Virgin Islands development. Now, eight years later, this tax exemption for the Virgin Islands has been removed (a “loophole” plugged!) but the IRS now expects my friend to pay full retroactive capital gains taxes plus interest on this eight-year old sale. Let’s hear it for the “fairness” of the tax reform law!

But the bottom line on the tax question: is what happened in the Reagan era to government tax revenues overall? Did the amount of taxes extracted from the American people by the federal government go up or down during the Reagan years? The facts are that federal tax receipts were $517 billion in the last Carter year of 1980. In 1986, revenues totaled $769 billion, an increase of 49%. Whatever that is, that doesn’t look like a tax cut. But how about taxes as a percentage of the national product? There, we can concede that on a percentage criterion, overall taxes fell very slightly, remaining about even with the last year of Carter. Taxes fell from 18.9% of the GNP to 18.3%, or for a better gauge, taxes as percentage of net private product fell from 27.2% to 26.6%. A large absolute increase in taxes, coupled with keeping taxes as a percentage of national product about even, is scarcely cause for tossing one’s hat in the air about a whopping reduction in taxes during the Reagan years.

In recent months, moreover; the Reagan administration has been more receptive to loophole plugging, fees, and revenues than ever before. To quote from the Tax Watch column in the New York Times (October 13, 1987): “President Reagan has repeatedly warned Congress of his opposition to any new taxes, but some White House aides have been trying to figure out a way of endorsing a tax bill that could be called something else.”

In addition to closing loopholes, the White House is nudging Congress to expand the usual definition of a “user fee,” not a tax because it is supposed to be a fee for those who use a government service, say national parks or waterways. But apparently the Reagan administration is now expanding the definition of “user fee” to include excise taxes, on the assumption, apparently, that every time we purchase a product or service we must pay government for its permission. Thus, the Reagan administration has proposed not, of course, as a tax increase, but as an alleged “user fee,” a higher excise tax on every international airline or ship ticket, a tax on all coal producers, and a tax on gasoline and on highway charges for buses. The administration is also willing to support, as an alleged user fee rather than a tax, a requirement that employers, such as restaurants, start paying the Social Security tax on tips received by waiters and other service personnel.

In the wake of the stock market crash, President Reagan is now willing to give us a post-crash present of: higher taxes that will openly be called higher taxes. On Tuesday morning, the White House declared: “We’re going to hold to our guns. The president has given us marching orders: no tax increase.” By Tuesday afternoon, however, the marching orders had apparently evaporated, and the president said that he was “willing to look at” tax-increase proposals. To greet a looming recession with a tax increase is a wonderful way to bring that recession into reality. Once again, President Reagan is following the path blazed by Herbert Hoover in the Great Depression of raising taxes to try to combat a deficit.

Is that right? So what am I assuming wrongly then? That you actually wish all the things on people that you’ve been wishing on them for weeks?

Don’t want to be held responsible for the things you’ve been saying? What’s wrong? All I’ve done is basically quite you and all of a sudden I’m “assuming”?

Please, continue Schad, I want to hear this. :)

Genuine on January 4, 2013 at 2:55 AM

I’d gone to read/sleep, dummy.

1. I am fully, 100% accountable for every word I say/write. Otherwise I’d not do it. I’m not a weasely leftard, like your president. I own what I do, say, write, produce and etc.

2. I wish all those things on all who brung Obama. They deserve no less and theirs, whom they destroy, don’t either. I don’t care if they are on the left, in the center, or on the right.

3. You are assuming, you fool, and who have no clue what you’re assuming. I’ll let you guess, dummy.

Looks to me like the typist has a major crush on Schadenfreude. Schadenfreude. you devil. ; )

Bmore on January 4, 2013 at 9:04 AM

Heh, I’ve always been charming and irresistible.

Everytime I put on my Together We Thrive™ t-shirt that I got at the democrat rally/memorial for those slaughtered by that democrat campaign worker in Tuscon, I think of you Schad.

Ebery Tyme.

tom daschle concerned on January 4, 2013 at 2:31 AM

Sorry, missed this last night, good one. They are so stupid that if it would hurt we’d need ear plugs of a very high caliber.

Dante on January 4, 2013 at 10:51 AM

You’re an idiot.

Go play with your #OWS pals.

Hey! I have one heII of a collection of them. The first 114 ever produced. I still get them every year for my b-day. Just got four new ones. ; )

Bmore on January 4, 2013 at 11:07 AM

Still have all of mine too… have the original collectors case jammed full of original Hotwheels.

They’re not in the best of shape…but they were my prized possession as a kid.

Dante on January 4, 2013 at 10:51 AM

.
You LIE and obfuscate. But you’re probably a Democrite/socialist wannabe , and thats just how you Lobamatrolls roll.

Reagan was a “Net” tax cutter looking from an overall, aggregate stand point. Not even Kennedy can say that – although Johnson did follow up his policy- and cut taxes back, until raising them to pay for Vietnam.

Did Reagan raise taxes? Yes – 1982 he passed his (congress’s)largest Tax increases- with the Promise from Tip O’Neils Congress for a 3:1 ratio of spending cuts to tax increases later down the road. It was a fiscally sound-Good deal- AT THAT TIME ….but guess what happened with those Spending cuts that were promised??? you got it- NEVER HAPPENED- So what did Congress do with spending? Bingo. So Reagan was basically lied to, to pass that 1982 Tax increase. Even back then the Demoncrats were a dishonest bunch. Go figure.

Was the military in bad shape when Carter got through with his time? You betcha ! Was spending required to keep up with the Ruskies ? Yep. Do Conservatives feel a strong Military is more important than spending on Hollywood, Electric scooters and Flukes contraception ?
You betcha, again.

Reagan doesn’t have to be your best President- but stop lying.
Reagan was an aggregate TAX CUTTER- and no modern President can claim that achievement. But who could ever be perfect like Hussein Obama.

Hot Wheels.

kingsjester on January 4, 2013 at 10:34 AM

Hey! I have one heII of a collection of them. The first 114 ever produced. I still get them every year for my b-day. Just got four new ones. ; )

”He had better deliver on spending cuts and entitlement reform come debt ceiling time,” said one senior party strategist granted anonymity to speak candidly.

.
THIS….. is the problem.

Speaking candidly – in unison – should be requisite for ALL good Republicans at this point in time, and to stop hiding behind the curtains because they are too skeered.

Has Boehner turned into our Odumbo Messiah? Thats the Demoncrat idol worship style…. not ours

Why does Turtle boy in the Senate get a pass. Where is the counterattack?
Is President Revenge OFF LIMITS now? because of Nov. ?

Pressure must come from many… not a select few -who are easy media targets.

Where’s the outrage?
Is it hiding behind Boehner?

Paulian, I lived through Carter. I can unequivocally say that Ronald Regan was the greatest president in my lifetime.

kingsjester on January 4, 2013 at 10:34 AM

And I lived through Nixon. Whoop de doo for you. I’m sure you think Reagan was the greatest president in your lifetime, however I wasn’t comparing Reagan to other presidents. I pointed out his hypocrisy. Reagan did a lot of talking, but his actions never backed up his rhetoric. Reagan said the problem is that government spends to much, yet he increased taxes, spending, the debt, the deficit, tariffs, and regulations, and increased the federal workforce.

Dante on January 4, 2013 at 9:12 AM

Paulian, I lived through Carter. I can unequivocally say that Ronald Regan was the greatest president in my lifetime.

You can take your anarcho-capitalism and go play with it…and your Hot Wheels.

The problem is not that people are taxed too little, the problem is that government spends too much.- Ronald Reagan

kingsjester on January 4, 2013 at 6:46 AM

Regean said as he increased spending, taxes, the debt, and deficit.