FletchforFreedom Wrote:
Nov 01, 2012 7:17 AM
BTW, you got it WRONG again. There was NEVER a time when TEFRA was the largest tax increase. I pointed out that it was argued that it was the largest peacetime increase (and that's debatable) but did not make the top three given wartime hikes. Clinton's was the largest hike in ALL US history. Learn to read. Clinton's hike slowed the economy substantially (as did Bush 41's). Neither overcame the benefits of Reagan's policies (briefly interrupted by the invasion of Kuwait). Bush 43's tax cuts turned the economy around (even after 9/11). His rapacious spending and cheap money - continued by Obama - did the damage.