ColonelHaiku
True Classic
.
Last edited:
Well, the State I live in has a fairly regressive tax system and we went without a federal income tax for many years. Attitudes will have to change but I wouldn't rule it out. We will see how things go in the next year. I have a feeling there may be an emerging consensus for massive tax reform.
The strange thing is we have a president running on a platform of higher taxes. No serious candidate has done that since 1984. He must think it will work out better this time. Maybe he is right. He better hope so.
Mondale had a good case on the spending issue too. In 1983-4 the spending went to a post war record of nearly 23% and never got back under 20% until Clinton's second term(his revenue was high in those years too 18.5% to over 20% just when Bush came in-thus the budget surplus.)
it still says that in that particular year as against, say, the previous year or the following one, there was more money taken in than spent.