The Conversation Mon 01. 22. 2018.
Amid Shutdown, House GOP Shows Intense Interest In Trump Dossier Memo
House Intel Committee Officially Begins Process To #ReleaseTheMemo
Joshua Caplan, Gateway Pundit
Schumer Previews Life For Trump If Democrats Retake Congress
The Wall Street Journal
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Thanks to "bracket creep," the inflation of the 1970s pushed millions of taxpayers into higher tax brackets even though their inflation-adjusted incomes were not rising. To help offset this tax increase and also to improve incentives to work, save, and invest, President Reagan proposed sweeping tax rate reductions during the 1980s. What happened? Total tax revenues climbed by 99.4 percent during the 1980s, and the results are even more impressive when looking at what happened to personal income tax revenues. Once the economy received an unambiguous tax cut in January 1983, income tax revenues climbed dramatically, increasing by more than 54 percent by 1989 (28 percent after adjusting for inflation).