Debunking Republican Tax Myths: The Reagan Tax Cuts

 
Photo: Reagan White House Photographs/Picryl

Photo: Reagan White House Photographs/Picryl

 

Conservatives endlessly praise the Reagan tax cuts, claiming that they stimulated economic growth while reducing unemployment and growing personal income. In reality, many different factors contributed to the growth under Reagan, including a lowering of interest rates, a post-recession recovery, and stimulative government spending. Rarely mentioned are the many tax *increases* passed by Reagan. When presenting statistics to glorify the Reagan tax cuts, right-wingers often use very misleading tactics.