December 2008
1 post
Interesting [I Swear] Political History
Page 199, Governor Reagan: His Rise to Power, by Lou Cannon
An economist who analyzed the [1967] tax bill without knowing its political background might conclude that it had been crafted by a New Deal Democrat. The bill changed California’s revenue-raising structure from a regressive one that took little account of ability to pay into a reasonably progressive system. During the Reagan...