Take the time to read this article in Forbes magazine by Bruce Bartlett. I am serious, you need to read this before you fall prey to another Republican myth. How many times can they be proven wrong on the exact same issue before people wise up?
Bartlett’s conclusion, after his analysis (READ IT!) has laid bare the truth:
…When Republicans claim that higher taxes will destroy the economy, they should be reminded that they made the same argument in 1982 and 1993 and that the actual economic results were the opposite of what they predicted. And when they denounce Obama’s health plan for expanding the size of government, they should be asked how they voted on the Medicare bill in 2003.
On Reagan and taxes:
Reagan signed into law major tax increases every year of his presidency after the first. By the end of his presidency, he took back half of the 1981 tax cut in the form of higher taxes. And it should also be noted that when confronted with a crisis in Social Security in 1983, Reagan endorsed a rescue plan drafted by Alan Greenspan that consisted almost entirely of higher taxes.