Site icon SD Rostra

30 Years Ago this Week, Ronald Reagan cut Income Taxes 30% …. starting the “Reaganomics” economic Recovery

Here is Ronald Reagan in 1981, explaining the tax cuts whose 30-year anniversary we celebrate this week:  “Now, so there will be no misunderstanding, it’s not my intention to do away with government. It is, rather, to make it work…….to stand by our side, not ride on our back. This represents $750 billion in  tax cuts over the next five years, and this is only the beginning…….and mark an end to the excessive growth in government bureaucracy and government spending, and government taxing.” Professor Arthur Laffer  and Congressman Jack Kemp convinced Reagan the idea would work, and the ensuing  economic boom of 1983-1989 proved them right.  The “Laffer Curve” soared, and native Californian Jack Kemp (a former SD Charger quarterback) threw the biggest TD pass of his career to the Gipper. America was the Big Winner in this genuine Super BowlThank you, Ronald Reagan, Jack Kemp, and Professor Laffer! It worked then, and it will work again in 2013.

Exit mobile version