Wednesday, August 16, 2006

Reagan's tax cuts - 25 year anniversary

From Real Clear Politics:

Reagan's Winds Still at Our Backs

By Thomas Bray

Last weekend was the 25th anniversary of a turning point in Western civilization: the Reagan tax cut of 1981. Aside from an approving editorial in the Wall Street Journal, however, there was hardly a peep in the mainstream media.

That's not surprising: Ronald Reagan and his tax cuts remain highly suspect in the highly statist world of the national press corps. Among the chattering classes, and even among many tax-cutting enthusiasts, there is still little appreciation of the broader significance of the tax-cutting movement that swept Reagan into office in 1981.

It was far more than a revolt of hard-pressed taxpayers, who, acting out of base self-interest, greedily wished to keep more of their paycheck (or in the left's view, the dividend check). It was far more than a matter of making the economy more "efficient." It was an outward manifestation of a sea change in public attitudes about the proper role of government itself.

Click on the title to read more!

---Katie

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