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Letter: Another go at tax reform? Reagan and Bush plans have a sobering record

Related Topics: Tax reform

A suggestion: When Congress finally defines a plan, develop an online model into which any of us could input our past federal tax data, churn it, and let us see the impact? Absent spin of politicians, academics and commentators.

As a SALT itemizing retiree, I suspect I will lose. I remember the “Reagan Plan.” Interesting that federal debt almost tripled under Reagan. “During Reagan’s presidency, the national debt grew from $997 billion to $2.85 trillion. This led to the U.S. moving from the world’s largest international creditor to the world’s largest debtor nation.” (Source: https://en.wikipedia.org/wiki/Reaganomics)

Next came “Bush II” tax cuts.