In an appearance Thursday morning on Fox News, Michele Bachmann might have put forward the boldest tax proposal of all Republican candidates: Raising taxes to where they were when Ronald Reagan was president.
Bachmann criticized Herman Cain’s “9-9-9” tax plan, and its inclusion of a national sales tax.
“For my tax plan, I take a page out of one of my great economists that I admire, Ronald Reagan,” Bachmann boasted. “And under my tax plan I want to adopt the Reagan tax plan. It brought the economic miracle of the 1980s. Why not go with what works? I want to reinstitute the Reagan tax model from the 1980s.”
However, as has been previously documented, taxes were higher during the Reagan years than they are now — both in terms of the top income tax rate (for all but the final year of the Reagan presidency), and in terms of the overall tax burden.
(Via Media Matters)
Eric Kleefeld
Eric Kleefeld joined TPM as an intern for the final months of the 2006 midterm elections, and then kept showing up for work. His other interests include guitars, old comic books and the politics of various English-speaking countries.
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