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	<title>Comments on: Paul Krugman on Default: Crazy for You</title>
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	<description>The Tenther Grapevine</description>
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		<title>By: Jeff Matthews</title>
		<link>http://blog.tenthamendmentcenter.com/2011/07/paul-krugman-on-default-crazy-for-you/#comment-4951</link>
		<dc:creator>Jeff Matthews</dc:creator>
		<pubDate>Fri, 29 Jul 2011 18:31:12 +0000</pubDate>
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		<description><![CDATA[Re: this observation: 
 
&quot;As for &#8220;significant tax increases&#8221; under Reagan, this is standard progressive agitprop, and it refers to the payroll tax rate hikes in Reagan&#8217;s first term. But in the largest source of revenue to the feds, the personal income tax, Reagan inherited a 70 percent top rate and left office with a 28 percent top rate. Compare that 42 percent cut with the rate hike in the payroll tax. There is no comparison.&quot; 
 
There is a comparison.  Tax Simplification eliminated interest write-offs, etc.   The proper comparison would be to look at total revenues.  If they went up, then, we had a tax increase. ]]></description>
		<content:encoded><![CDATA[<p>Re: this observation: </p>
<p>&quot;As for &ldquo;significant tax increases&rdquo; under Reagan, this is standard progressive agitprop, and it refers to the payroll tax rate hikes in Reagan&rsquo;s first term. But in the largest source of revenue to the feds, the personal income tax, Reagan inherited a 70 percent top rate and left office with a 28 percent top rate. Compare that 42 percent cut with the rate hike in the payroll tax. There is no comparison.&quot; </p>
<p>There is a comparison.  Tax Simplification eliminated interest write-offs, etc.   The proper comparison would be to look at total revenues.  If they went up, then, we had a tax increase. </p>
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