The big lie - if repeated - becomes truth???? - Who said that line, and practiced that approach best, over the last 80 years - Hitler or Bush? Or does the US Media not consider it a lie worth exposing when the fact per OMB is an adjusted for inflation tax receipts/revenues increase in constant fiscal 2000 dollars from from $1.077 trillion to $1.236 trillion during Reagan's term in office - about 70% of the increase that would have happen if Carter tax rates had continued - and Carter's 3.3% GDP annual growth was not bought at the cost of a debt increase from 1T to 2.7T, as was Reagans 3.4% average GDP growth. Heck, unadjusted (current) dollars, Hannity's claim that revenues "doubled" is a lie as the increase from 1981 to 1988 was from $599.3 billion to $909.3 billion. Sure looks like 50% or so - not a doubling(as in a 100% increase)
http://mediamatters.org/items/200509160008Hannity falsely claimed Reagan tax cuts "doubled revenues ... from $500 billion to over $1 trillion"
On the September 15 edition of Fox News' Hannity & Colmes, co-host Sean Hannity falsely asserted that President Reagan's 1981 tax cuts "doubled revenues ... from $500 billion to over $1 trillion." In fact, when adjusted for inflation, revenue growth during Reagan's eight years in office was far more modest than Hannity proclaimed. Moreover, there is no consensus among economists on whether the 1981 tax cuts were the cause of revenue increases during the Reagan years.
<snip>
From OMB:
FISCAL YEAR
REVENUE IN CURRENT DOLLARS (billions)
REVENUE IN CONSTANT FY2000 DOLLARS (billions)
1981
599.3
1,077.4
1982
617.8
1,036.9
1983
600.6
961.7
1984
666.5
1,016.8
1985
734.1
1,082.6
1986
769.2
1,107.3
1987
854.4
1,196.1
1988
909.3
1,235.6
Further, evidence suggests that the Reagan tax cuts were not the cause of the revenue increases that did occur during the 1980s. As the Center on Budget and Policy Priorities (CBPP) has documented, citing figures from OMB, "Income tax receipts grew noticeably more slowly than usual in the 1980s, after the large cuts in individual and corporate income tax rates in 1981." By contrast, "income tax collections grew much more rapidly in the 1990s," when "marginal income tax rates at the top of the income spectrum were raised," CBPP noted.<snip>
But when Fox has Hannity say"Everybody -- well, tax breaks actually increase revenues to the government. Reagan doubled revenues by cutting taxes, from $500 billion to over a trillion, and he did it in eight years.....COLMES: Biggest deficits in history up until now with Reagan....HANNITY: No. He doubled revenues to government. More money came in than ever before."...,
and our national media does not say a damn thing.
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