Day: November 28, 2012

Tax Rates: Reagan vs. Obama

Now that we’re talking about taxing the rich more and face the specter of all the Bush tax cuts being eliminated, I thought I’d look up some figures from the 1980s to see what happened when Ronald Reagan lowered the tax rates. How did this affect revenue? An article from the Cato Institute provides the numbers. The author of the article, Richard Rahn, notes that most of the Reagan tax cuts were applied to those in the middle- and lower-income… Read more »