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Thread: SC allows Texas to use New Voter ID Law

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    Re: SC allows Texas to use New Voter ID Law

    Quote Originally Posted by Jack Hays View Post
    Here's some actual data. These are the average/year effects over the first four years. http://www.treasury.gov/resource-cen...t-6-6-2011.pdf

    ERTA 81 ____________-197.9
    TEFRA 82_____________64.8
    SS Amend 1983________15.1
    DRA 84_______________29.4
    TRA 86________________0.2
    Omnibus 1987_________21.2

    Those are the big ones. The tax cut is ERTA, all the rest were tax increases, with TEFRA undoing about one third of ERTA. TRA 86 was intended as neutral, but raised taxes in the first couple of years (while Reagan was POTUS) but then were predicted to reverse under H.W. so the net over 4 years was roughly zero. Total - 197B in tax cuts, about 130B in tax increases. All anyone remembers is the big one in 1981.

    I wouldn't bother but "Conservative" keeps saying Reagan cut taxes three years in a row. As you can see, that is not true, at all.

    BTW, I think the data are a credit to Reagan, who did sign tax increases when the tax cuts caused the deficits to balloon. He couldn't do that now. He's just claim the tax cuts had nothing to do with the deficits, it's all the fault of those dastardly democrats and their big spending....

    A lot of TRA 86 was also good, most especially eliminating the preference for capital gains.
    Last edited by JasperL; 10-28-14 at 10:11 PM.

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    Re: SC allows Texas to use New Voter ID Law

    Quote Originally Posted by JasperL View Post
    Here's some actual data. These are the average/year effects over the first four years. http://www.treasury.gov/resource-cen...t-6-6-2011.pdf

    ERTA 81 -197.9
    TEFRA 82 64.8
    SS Amend 1983 15.1
    DRA 84 29.4
    TRA 86 0.2
    Omnibus 1987 21.2

    Those are the big ones. The tax cut is ERTA, all the rest were tax increases, with TEFRA undoing about one third of ERTA. TRA 86 was intended as neutral, but raised taxes in the first couple of years (while Reagan was POTUS) but then were predicted to reverse under H.W. so the net over 4 years was roughly zero.

    I wouldn't bother but "Conservative" keeps saying Reagan cut taxes three years in a row. As you can see, that is not true, at all.
    You are reinforcing my point.
    "It's always reassuring to find you've made the right enemies." -- William J. Donovan

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    Re: SC allows Texas to use New Voter ID Law

    Quote Originally Posted by Jack Hays View Post
    You are reinforcing my point.
    The point about Reagan being great? OK, glad to do it, although we disagree about Reagan's record, which is OK too.

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    Re: SC allows Texas to use New Voter ID Law

    Quote Originally Posted by JasperL View Post
    The point about Reagan being great? OK, glad to do it, although we disagree about Reagan's record, which is OK too.
    Well that's fine but I was actually aiming lower. My point was the more modest one in my link: to claim that RWR raised taxes requires determined myopia.
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    Re: SC allows Texas to use New Voter ID Law

    Ok, so back on topic....This effects voter ID how?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: SC allows Texas to use New Voter ID Law

    Quote Originally Posted by Conservative View Post
    17 million jobs created, doubling of GDP added how much revenue to FIT??
    Right. The private sector did a lot to improve revenues as well.
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    Re: SC allows Texas to use New Voter ID Law

    Quote Originally Posted by JasperL View Post
    That, and inflation, and population growth, and normal economic growth. Inflation is the big one that's ignored. Second is the assumption that all economic growth is as a result of tax cuts, so if the economy grew by 3%, even though it's grown by 2-3% for decades, and grew by those rates when tax rates topped out at 92%, the "conservative" analysis assumes it's all a result of the tax cuts. It's the kind of economic analysis that wouldn't get a passing grade in Econ 201. I'm sure I'm telling you nothing you don't know, but just wanted to get it on the record.
    Shhh.. don't tell anyone. Remember: Cut taxes, and that causes an increase in revenues. Pass it along.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: SC allows Texas to use New Voter ID Law

    Quote Originally Posted by Jack Hays View Post
    Well that's fine but I was actually aiming lower. My point was the more modest one in my link: to claim that RWR raised taxes requires determined myopia.
    I never said he "raised taxes" over his term. Obviously this entire discussion assumes the obvious - that he cut taxes, increased the deficit, tax cuts don't pay for themselves. I was responding to a very specific claim that has been corrected now three times. Heck, I've linked to that table on this thread (as I recall, or on another one this week). I know the history and represent it as best I can, with links and data.

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    Re: SC allows Texas to use New Voter ID Law

    Quote Originally Posted by Dittohead not! View Post
    Right. The private sector did a lot to improve revenues as well.
    As did the Fed, bringing down rates from near 20% to a more modest 8 or so. That's probably the single most important factor in the ECONOMY over that first few years, and the end of the oil embargo and lower oil prices. Etc. 100 things affect economic growth, and taxes are significant but minor. The right wing narrative assumes only tax rate cuts do.

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    Re: SC allows Texas to use New Voter ID Law

    Quote Originally Posted by JasperL View Post
    I never said he "raised taxes" over his term. Obviously this entire discussion assumes the obvious - that he cut taxes, increased the deficit, tax cuts don't pay for themselves. I was responding to a very specific claim that has been corrected now three times. Heck, I've linked to that table on this thread (as I recall, or on another one this week). I know the history and represent it as best I can, with links and data.
    Your #488 all but says that. As you know, I'm agnostic on tax cuts/increases and revenue.
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