Reaganomics

“Reagan did push through deep, across-the-board cuts in tax rates in his first year of the presidency in 1981, fulfilling a campaign promise."

BUT "the following year he signed the largest peace-time tax increase in U.S. history, the Tax Equity and Fiscal Responsibility Act of 1982.”

AND “he raised taxes in every succeeding year of his presidency except the last.”

ALSO “as California governor, Reagan also signed the biggest tax increase in state history.”

Excepts from an article By TOM RAUM - Associated Press