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"Necessary"(lemmy.ml)

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NιƙƙιDιɱҽʂ@lemmy.world
12 points

That graph is interesting. When was Reagan president again…?

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octopus_ink@lemmy.ml
10 points

When was Reagan president again…?

Nailed it.

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sugar_in_your_tea@sh.itjust.works
2 points

81-89. I don’t think Reagan’s presidency or party really explains it, because we see it rise shortly and then fall, both during Bill Clinton’s presidency (93-2001). So George H.W. Bush raised taxes during his term, and then Clinton cut them again, but did so while balancing the budget (Clinton ran a surplus).

Reagan certainly slashed taxes, but so did Clinton, and to a similar degree.

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