• sugar_in_your_tea@sh.itjust.works
    link
    fedilink
    arrow-up
    2
    ·
    6 hours ago

    81-89. I don’t think Reagan’s presidency or party really explains it, because we see it rise shortly and then fall, both during Bill Clinton’s presidency (93-2001). So George H.W. Bush raised taxes during his term, and then Clinton cut them again, but did so while balancing the budget (Clinton ran a surplus).

    Reagan certainly slashed taxes, but so did Clinton, and to a similar degree.