How Reagan Passed the Largest Tax Increase in American History
Ronald Reagan had a problem. He campaigned on cutting taxes and did so immediately upon entering office. The result was catastrophic. The budget deficit exploded and the economy tanked further than the mess he inherited. It was unsustainable. Reagan needed a plan to raise revenue and needed it fast because his tax cuts were so deep Social Security was in danger. Reagan and his team of confidence men hatched a plan to pass the largest tax increase in history that spared the wealthy and punished the middle class. And they had to somehow do it without anyone noticing. This is how they pulled it off.
CHAPTERS
00:00 – Introduction
02:55 – The 80s and Reaganomics
07:54 – The Set up
08:53 – Reagan’s Confidence Men
10:48 – The Grift
13:00 – The Sting
14:27 – Closing Thoughts
15:02 – Credits
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Unf*cking the Republic (UNFTR for short) is progressive media organization that produces a longform podcast, YouTube videos, a twice weekly newsletter and original editorials on U.S. politics, socio economics and civil liberties. Our features attempt to explain how we arrived in Bizarro America, the funhouse mirror version of what was originally intended. You can access all of our work at www.UNFTR.com
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