Saturday, December 29, 2007

RAYGUN & TAXES

If you hear a wingnut say he's a "Reagan Conservative," ask him if he supported Reagan's tax hikes for the wealthy.


The perils of tax reform: frankly, tiny and timid is better than big and bold

National Review, Dec 13, 2004 by Ramesh Ponnuru

The perils of tax reform may be judged from what happened the last two times it was on the agenda in Washington: in 1986, and then again in 1995-96. In the former year, Congress took massive strides toward simplifying the tax code. Many tax deductions were eliminated. The broadened tax base made it possible to bring down tax rates. It was a great bipartisan victory. It was also a major setback for conservatives.

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