THE TRUTH ABOUT THE 80's
REAGAN CREATED 21 MILLION NEW JOBS DURING HIS ADMINISTRATION
(SOURCE) 94 HERITAGE FOUNDATION
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BREAKDOWN OF JOBS COMPARED TO CARTER ADMINISTRATION:
ANNUAL WAGES
CARTER REAGAN[BOLD]
(77-80) (80-84)
$7012 - UNDER 41.77% (minimum wage jobs) 6%
$7012 - 28,048 68.2% 46.2%
OVER 28,048 - 9.9% (jobs lost) 46.1%
(SOURCE) BUREAU OF LABOR STATISTICS + U.S. DEPT. OF LABOR JOINT
ECONOMIC COMMITTEE
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TAX BURDEN
TOP 5% WAGE EARNERS LOWER 50%
1981 35% 8%
1988 46% 6%
(SOURCE) JOINT ECONOMIC COMMITTEE 1990 (WHAT WENT RIGHT IN THE 80's
P. 277: Christopher FRENZE "THE FEDERAL INCOME TAX BURDEN
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INFLATION
1980 13.5
1984 4.3
1988 4.1
(SOURCE) ECONOMIC REPORT OF THE PRESIDENT - JAN. 93 TABLE 13-59, P. 462
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MIDDLE CLASS INCOME GROWTH
<
$20,000 - 50,000 FASTEST EXPANSION OF NET WORTH IN HISTORY, DURING THE
REAGAN BOOM, A 28% RISE
(SOURCE) NATIONAL REVIEW 4/18/94
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MEDIAN FAMILY INCOME
DROPPED 1% IN 1993, AFTER ADJUSTING FOR INFLATION. TODAY, IT IS STUCK
AT ITS LOWEST IN A DECADE, DOWN MORE THAT 7% FROM ITS PEAK IN 1989.
(SOURCE) LOS ANGELES TIMES 10/24/94 BY JAMES RISER
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TAX RATES AND REVENUE GENERATED
RATE REVENUE (BILLIONS)
YEAR RATE REVENUE
79 28 10.6
80 28 11
81 23.7 11.4
82 20 11.8
83 20 18.5
84 20 20.1
85 20 23.7
86 20 46.7
87 28 27.7
88 28 31.1
89 28 37.4
90 28 28.3
91 28 26.5
92 28 27.6
(SOURCE) MARSHA STRATNER USA TODAY
LOWERING TAXES FOR EVERYONE (BUSINESSES TOO) INCREASES OVERALL TAX
REVENUE. THE REVENUE COLLECTED IN 1986, WAS MORE THAT 4 TIMES THE
REVENUE GENERATED IN 1979, '80, AND '81. THE CONCLUSION IS, CUTTING
TAXES FOR BUSINESS AND EVERYONE ELSE ACTUALLY INCREASES REVENUE, TO
FUND ALL SORTS OF GOVERNMENT PROGRAMS. THIS IS THE TOTAL OPPOSITE OF
WHAT THE DEMOCRATS, HAVE BEEN TELLING US.
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DECEMBER 1998
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