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)