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From: dgh@sun.uucp (David Hough)
Newsgroups: net.taxes
Subject: Re: Re: marriage penalty (long quote at
Message-ID: <2066@sun.uucp>
Date: Tue, 19-Mar-85 22:36:38 EST
Article-I.D.: sun.2066
Posted: Tue Mar 19 22:36:38 1985
Date-Received: Sat, 23-Mar-85 04:23:03 EST
References: <12300001@hp-sdd.UUCP> <3471@alice.UUCP>
Reply-To: dgh@sun.UUCP (David Hough)
Organization: Sun Microsystems, Inc.
Lines: 19
Summary: 

In article <3471@alice.UUCP> ark@alice.UUCP (Andrew Koenig) writes:
>Andrea Frankel says:
>> ... and when was the last time you
>> saw the government voluntarily give up revenues?
>
>The last time was in 1981, shortly after Reagan was first elected.
>The legislation he proposed, that was later enacted, reduced the
>tax rates by 25%.

If you think back, the promise was that tax revenues would actually increase
enough to balance the budget and pay for the Reagan defense buildup.  All
this was supposed to be the result of the stimulus the economy received as a
result of the lower tax rates.

But as it happened, Voodoo Economics was not notably more successful than other
kinds, and every year since then, there's been a Reagan tax INCREASE, to 
(you guessed it) balance the budget and pay for the Reagan defense buildup.

David Hough