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NYT admits Reaganomics worked
Posted By -NO AUTHOR- On 12/08/2012 @ 12:24 am In Money,Politics | No Comments
(Breitbart) After 30 years, The New York Times has admitted that Reaganomics worked.
The inadvertent revelation comes in a November 29th article by Binyamin Appelbaum chronicling the steadily falling tax burden Americans have experienced since the 1980s.
AEI columnist James Pethokoukis notes that the heart of The Times’ article is that in 2010 Americans “paid far less in total taxes — federal, state and local — than they would have paid 30 years ago.”
Pethokoukis points out that some tax hike advocates think this means that America’s tax burden is too low and time has come for a hike. But Pethokoukis disagrees.
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