2007-12-06 07:22:26 · 8 answers · asked by Anonymous in Politics & Government ➔ Government
zero
Reagan implemented policies based on supply-side economics and made across the board tax cuts.
2007-12-06 07:26:41 · answer #1 · answered by jello 3 · 3⤊ 2⤋
He didn't. The President can't raise or lower taxes. That is a function of the Congress by way of the House Committee on Ways and Means and the Senate Finance Committee, along with the members of both bodies.(1)
President Reagan proposed a reduction in taxes which the Congress agreed to do. As a result, revenues to the Federal Treasury increased over the next three years. President Kennedy did the same with similar results.
2007-12-06 15:33:30 · answer #2 · answered by desertviking_00 7 · 2⤊ 0⤋
Zero. Congress raises taxes, not the President. A President can only sign the bill once it comes to him.
As a general rule, President Reagan championed lower taxes and demonstrated how lower taxes could in fact stimulate the economy and generate higher overall revenue for the government.
His opponents said it would not work, but it did. Just as his opponents thought that his approach would prolong or inflame the Cold War. Of course, we all know he was right on both counts.
You don't have to be a republican to appreciate what he did for this country. Anybody who hid under a flimsy wooden desk in elementary school for nuclear apocalypse drills must have a measure of appreciation for the fact that kids today know nothing of such drills.
See the link for more info.
2007-12-06 15:47:11 · answer #3 · answered by the_defiant_kulak 5 · 1⤊ 1⤋
Once that I know of. He was obligated to sign a bill with a tax increase. It was a critical budget bill, written by Dems.
We need Line Item Veto. He would have used it.
The bill he signed was a stack of paper about 10 inches in thickness. He displayed it on TV.
2007-12-06 15:33:28 · answer #4 · answered by ed 7 · 0⤊ 2⤋
he surely jacked up the defense budget numerous times... that Trotskyite nihilist bastard. if the tax revenues went up then why did the U.S. go into massive record level (for then) debt? the trotskyite nihilists were trying to bankrupt the Govt.
2007-12-06 15:58:36 · answer #5 · answered by gherd 4 · 0⤊ 1⤋
Jello, is just making things up . The answer is 11.
2013-11-08 11:53:23 · answer #6 · answered by Dean Spanos 1 · 1⤊ 0⤋
as governor of california, yes, and a big raise in social security taxes as well.
2007-12-06 15:42:44 · answer #7 · answered by Stewie Griffin 2 · 0⤊ 2⤋
I don't know, but he raised the roof all the time!
2007-12-06 15:29:48 · answer #8 · answered by Dangerous Dad 5 · 0⤊ 3⤋