evince
Truthmatters
Amid growing concerns about the mounting federal debt, Reagan signed the Tax Equity and Fiscal Responsibility Act of 1982,<a href="https://en.m.wikipedia.org/wiki/Ronald_Reagan#cite_note-FOOTNOTEPemberton1998127–128-209"><span>[</span>205<span>]</span></a> one of the eleven times Reagan raised taxes.<a href="https://en.m.wikipedia.org/wiki/Ronald_Reagan#cite_note-FOOTNOTEBartlett201244-210"><span>[</span>206<span>]</span></a> The bill doubled the federal cigarette tax, rescinded a portion of the corporate tax cuts from the 1981 tax bill,<a href="https://en.m.wikipedia.org/wiki/Ronald_Reagan#cite_note-FOOTNOTERossinow201562-211"><span>[</span>207<span>]</span></a> and according to Paul Krugman, "a third of the 1981 cut" overall.<a href="https://en.m.wikipedia.org/wiki/Ronald_Reagan#cite_note-212"><span>[</span>208<span>]</span></a> Many of his supporters condemned the bill, but Reagan defended his preservation of cuts on individual income tax rates.<a href="https://en.m.wikipedia.org/wiki/Ronald_Reagan#cite_note-FOOTNOTEPemberton1998128-213"><span>[</span>209<span>]</span></a> By 1983, the amount of federal tax had fallen for all or most taxpayers, but most strongly affected the wealthy.<a href="https://en.m.wikipedia.org/wiki/Ronald_Reagan#cite_note-FOOTNOTERossinow201563-214"><span>[</span>210<span>]</span></a>
Trickle down
Pennies for the people and millions for the wealthy
Trickle On
Not trickle down
It created a huge Debt
Trickle down
Pennies for the people and millions for the wealthy
Trickle On
Not trickle down
It created a huge Debt