US Presidency
1981

Incidentally, their claim that cutting taxes for individuals for as much as 3 years ahead is risky, rings a little hollow when you realize that their bill calls for business tax cuts each year for 7 years ahead. It rings even more hollow when you consider the fact the majority leadership routinely endorses Federal spending bills that project years into the future, but objects to a tax bill that will return your money over a 3-year period. Now, here is another chart which illustrates what I said about their giving a better break if you only intend to live for 2 more years. Their tax cut, so called, is the dotted line. Ours is the solid line. As you can see, in an earning bracket of $ 20,000, their tax cut is slightly more generous than ours for the first 2 years. Then, as you can see, their tax bill, the dotted line, starts going up and up and up.