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Fox News celebrates "historic" 28th anniversary of Reagan tax cuts by ignoring history

August 14, 2009 1:38 pm ET

From the August 13 editions of Fox News' Your World with Neil Cavuto and On the Record with Greta Van Susteren:

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Previously:

Limbaugh, Hannity ignore '80's interest rate cuts in prescribing Reaganesque tax cuts to end recession

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    • Author by Easy to refute wingnuts (August 14, 2009 1:40 pm ET)
      5 1
      From now on Steve Moore is Steve Moron. He's earned the title.
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    • Author by nerzog (August 14, 2009 1:45 pm ET)
      5  
      Will they also celebrate the anniversary of his later tax increase?

      I kind of doubt it.
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    • Author by marco21 (August 14, 2009 1:46 pm ET)
      5  
      Reagan fantasy time on FOX.

      He also ended the Cold War with his mighty axe and Ox, Babe.







      Report Abuse
    • Author by JHaggs (August 14, 2009 1:51 pm ET)
      4  
      Wow, this may be the saddest thing I've ever seen.
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    • Author by kfraz43 (August 14, 2009 1:51 pm ET)
      9  
      Ironically, it's also the 28th anniversary of Reagan doubling the national debt.
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      • Author by shaggles (August 14, 2009 1:53 pm ET)
        4  
        Yeah but that's because of all those welfare queens sucking at the teet of big govt. (\sarc)
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        • Author by nerzog (August 14, 2009 1:54 pm ET)
          4  
          Maybe GM should start making Welfare Cadillacs again... smaller and more fuel efficient, of course.
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      • Author by nerzog (August 14, 2009 1:56 pm ET)
        2  
        No, silly... the Democrats in Congress doubled the debt; Reagan only did good stuff.
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    • Author by pasteve (August 14, 2009 1:53 pm ET)
      6  
      What? Is Winston Smith writing copy for Fox News now?

      Because I remember it like it was yesterday: The shock of coal black hair gleaming in the stark floodlights, as he stood atop that wall, the muscles in his mighty arms rippling as he took huge swings with his massive sledge, sending great chunks of re-enforced concrete flying in all directions, as the awed East Germans onlookers cheered wildly. It still makes my heart flutter!

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      • Author by BillJ-MN (August 14, 2009 2:24 pm ET)
        4  
        Blasphemer!! You know he didn't have to use a sledge.
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        • Author by magnolialover (August 14, 2009 3:22 pm ET)
          4  
          He used his laser eye beams, installed during the run up in trying to get SDI off of the ground.
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    • Author by worrierking (August 14, 2009 1:54 pm ET)
      7  
      Way to go Fox, the rest of the world is commemorating the 40th anniversary of Woodstock and you're soiling your trousers by celebrating the 28th anniversary of Reagan's tax cuts?

      Funny, I don't remember anyone reminiscing about where they were when their taxes were cut. What's surprising is that this is the one time Cavuto could have legitimately worked naked women into his report.

      I remember the naked men and women from 40 years ago but 28 years ago, not so much.

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      • Author by political_left-religious_right (August 14, 2009 3:42 pm ET)
        3  
        Does anyone ever celebrate the 28th anniversary of any historic event? 25, of course. 30, certainly. This was clearly a slooooow "news" day at Fox.
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    • Author by JHaggs (August 14, 2009 1:57 pm ET)
      3  
      Steve Moore must really cry himself to sleep at night. I truly don't know how the Fox announcers/hosts do it.
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    • Author by terrapin53 (August 14, 2009 1:59 pm ET)
      5  
      Couldn't have done it without those democrats in Congress.
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    • Author by ReasonAndResolve (August 14, 2009 2:06 pm ET)
      4  
      And in 1983, unemployment crested. So much for trickle-down economics, boys.
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    • Author by mjh (August 14, 2009 2:21 pm ET)
      3  
      The Fox Comedy Channel: We love celebrating past presidents -- unless their name is Carter, Clinton, or GW Bush . . .



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    • Author by kingsdun (August 14, 2009 2:23 pm ET)
      3  
      This is like a Canadian celebrating the anniversary of Ben Johnsons gold medal in the 100m. at Seoul in'88, while completely ignoring that he then tested positive for 'roids and had to give the medal back.

      But WHOO-HOO! WE WON THE GOLD!
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    • Author by Indy (August 14, 2009 2:39 pm ET)
      5  
      Reagan also paved the way for the Savings and Loan fraud with all his ground breaking deregulating. Yeah! What a pioneer. And his bail out legacy lives on even today. More kool-aid or should I say more Cavuto-aid anyone?
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      • Author by Col. Harlan Sanders (August 14, 2009 2:54 pm ET)
        6  
        History? Why look back, we're suffering the results of Saint Ronnie's blunders today.

        And the same people worshiping at the whitewashed altar of the Gipper are trying to shout down the ones attempting to get us out of the crater they started digging 30 years ago.

        As a high school graduate in the year Reagan was first elected, I had a pretty close -up view of how education and employment were being rationed under the Morning in America® model.
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        • Author by worrierking (August 14, 2009 7:09 pm ET)
          3  
          I remember moving to another state in the early Reagan years and being invited to a neighbors for dinner. There were four couples there and I was the only non colidge gradiat. Everyone there was reminiscing about their school days taking over deans offices and demonstrating against the war. Really sticking it to the man!

          Then the conversation turned to the Reagan presidency and everyone was so glad that he was president. He was going to make our nation strong again. He was going to build up the military and stand up to our enemies.

          I asked what happened to all of them since their college days. I said did you notice any large seed pods in your bedroom before you went to sleep one night?

          I never got invited back.
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    • Author by pros2pros2940 (August 14, 2009 2:48 pm ET)
      4 1
      Republicans and other assorted liars always seem to omit the following which was written by a republican

      Reagan may have resisted calls for tax increases, but he ultimately supported them.

      In 1982 alone, he signed into law not one but two major tax increases. The Tax Equity and Fiscal Responsibility Act (TEFRA) raised taxes by $37.5 billion per year and the Highway Revenue Act raised the gasoline tax by another $3.3 billion.

      According to a recent Treasury Department study, TEFRA alone raised taxes by almost 1 percent of the gross domestic product, making it the largest peacetime tax increase in American history. An increase of similar magnitude today would raise more than $100 billion per year.

      In 1983, Reagan signed legislation raising the Social Security tax rate.

      This is a tax increase that lives with us still, since it initiated automatic increases in the taxable wage base. As a consequence, those with moderately high earnings see their payroll taxes rise every single year.

      In 1984, Reagan signed another big tax increase in the Deficit Reduction Act.

      This raised taxes by $18 billion per year or 0.4 percent of GDP. A similar-sized tax increase today would be about $44 billion.

      The Consolidated Omnibus Budget Reconciliation Act of 1985 raised taxes yet again.

      Even the Tax Reform Act of 1986, which was designed to be revenue-neutral, contained a net tax increase in its first 2 years.

      And the Omnibus Budget Reconciliation Act of 1987 raised taxes still more.

      The year 1988 appears to be the only year of the Reagan presidency, other than the first, in which taxes were not raised legislatively. Of course, previous tax increases remained in effect. According to a table in the 1990 budget, the net effect of all these tax increases was to raise taxes by
      $164 billion in 1992, or 2.6 percent of GDP.

      This is equivalent to almost $300 billion in today's economy.

      http://www.nationalreview.com/nrof_bartlett/bartlett200310290853.asp

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    • Author by wookie (August 14, 2009 2:48 pm ET)
      3  
      Moore's favorite subject is the Gipper's tax cuts? He's either really greedy or really nerdy.
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      • Author by magnolialover (August 14, 2009 3:24 pm ET)
        4  
        Or, Alex P. Keaton in disguise.
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        • Author by The_Cat (August 15, 2009 11:00 am ET)
          1  
          Being in high school when Family Ties was on the air, I knew some Young Republicans. I never did ever understand them, even a tiny bit, but I did know some of them. I never could figure out why they wanted to skip from junior high, over high school and college, and jump right into old age. Honestly, I still don't get it.
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    • Author by WhatImlost (August 14, 2009 3:38 pm ET)
      4  
      The headline here is unfair. FOX news ignores history EVERYDAY not just for a "special occasions".
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    • Author by nkurland (August 14, 2009 4:41 pm ET)
      2  
      What a surprise, the right is trumpeting tax cuts for the wealthy! Tax cuts that lead to the recent bubbles and shifted the tax burden onto the middle class. But of course, it isn't promoting class warfare when Fox does it.
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    • Author by nkurland (August 14, 2009 4:41 pm ET)
      3  
      What a surprise, the right is trumpeting tax cuts for the wealthy! Tax cuts that lead to the recent bubbles and shifted the tax burden onto the middle class. But of course, it isn't promoting class warfare when Fox does it.
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    • Author by MickD (August 14, 2009 6:21 pm ET)
      2  
      Luckily Ronnie himself could never understand Fox.
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    • Author by LIBERTY OR DEATH (August 14, 2009 6:43 pm ET)
      1 1
      THE TAX ON CAPITAL GAINS DIRECTLY EFECTS INVESTMENT DECISIONS, THE MOBILTY AND THE FLOW OF RISK CAPITAL... THE EASE OR DIFFICULTY EXPERINCED BY NEW ADVENTURES IN OBTAINING CAPITAL, AND THEREBY THE STRENGTH AND POTENTIAL FOR GROWTH IN THE ECONOMY.

      Sounds like Ronald Reagan but its a direct quote from John F. Kennedy.
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      • Author by Col. Harlan Sanders (August 14, 2009 8:06 pm ET)
        3  
        Do you know what the respective tax rates were when the two were in office? There's your assignment, LOD.

        And tell JFK to stop hollering.
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