Cantor refuses to admit Reagan raised taxes.

Via on Jan 2, 2012

Reagan, a man of principles, compromised—often.

One of the most powerful men in politics, Eric Cantor, “knows” that his idol never raised taxes. His idol, Ronald Reagan, raised taxes 12 times.

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“This is politics, Reagan is not the GOP’s idol… the Reagan they’ve created is their idol. It’s not surprising.”

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“Who controls the past controls the future. Who controls the present controls the past.” ~ Orwell

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You can’t change the world

You can change the facts

You change points of view

When you change points of view

You can change a vote

When you change a vote

You can change the world

~ Depeche Mode, New Dress

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The whole interview is worth watching, but the key moment begins at 1030:

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Lesley Stahl profiles House Majority Leader Eric Cantor about his life and the recent bipartisan wars in Congress.

…“Compromising principles, you don’t want to ask anybody to do that. That’s who they are as their core being.”

Stahl then mentioned to Cantor how his “idol” Reagan compromised his principles by raising taxes during his presidency. Cantor tried to deflect the focus by mentioning that Reagan cut taxes, but Stahl reiterated her point.

Upset at the reporter, Cantor’s press secretary yelled off camera, “That’s not true, and I don’t want to let that stand.”

No matter if Cantor, his staff or conservatives at-large want to deny that Reagan raised taxes, what Stahl said is completely true.

After his huge tax cut in 1981 slashed all tax rates to 23 percent, sparking a budget crisis, Reagan realized he’d also have to raise taxes in the years that followed. He raised taxes four times between 1982 to 1984, increasing the payroll tax, broadening the base of Social Security payees, applying the income tax to higher earners and rolling back corporate and individual tax breaks.

Reagan’s historic tax cuts for the wealthiest Americans, whose rate went from 70 percent to 28 percent during his administration, ultimately forced the president to raise taxes on more people than any other U.S. president during a time of peace, according to New York Times columnist Paul Krugman.

In total, Reagan raised taxes 12 times during his two terms in office.

About Waylon Lewis

Waylon Lewis, founder of elephant magazine, now elephantjournal.com & host of Walk the Talk Show with Waylon Lewis, is a 1st generation American Buddhist “Dharma Brat." Voted #1 in U.S. on twitter for #green two years running, Changemaker & Eco Ambassador by Treehugger, Green Hero by Discovery’s Planet Green, Best (!) Shameless Self-Promoter at Westword's Web Awards, Prominent Buddhist by Shambhala Sun, & 100 Most Influential People in Health & Fitness 2011 by "Greatist", Waylon is a mediocre climber, lazy yogi, 365-day bicycle commuter & best friend to Redford (his rescue hound). His aim: to bring the good news re: "the mindful life" beyond the choir & to all those who didn't know they gave a care. elephantjournal.com | facebook.com/elephantjournal | twitter.com/elephantjournal | facebook.com/waylonhlewis | twitter.com/waylonlewis | Google+ For more: publisherelephantjournalcom

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2 Responses to “Cantor refuses to admit Reagan raised taxes.”

  1. I've heard it said (actually, Waylon it might have been something you wrote in another post) that if Regan were running today, the rest of the GOP would find him far too liberal. It frustrates me when people continue to stomp their feet and claim something is true when faced with irrefutable evidence. I got in a (mostly respectful) argument yesterday with a friend who was insisting some ridiculous things about Obama & health care reform. When I presented what was actually true (from the legislation itself) he still refused to believe it. Oh well…

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