However, at the same time, the Democrats controlled the Congress
and continued increased spending against Reagan's wishes. The Joint Economic
Committee stated that an across-the-board tax cut was not new. In the 20's the
Mellon tax cuts were implemented by Secretary of Treasury Andrew Mellon during
the Administrations of Hoover, Harding, and Coolidge... displayed 300 characters
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In the 60's Kennedy
introduced tax cuts. In both instances the decrease of high marginal tax rates
somehow increased tax payments by the rich. Perhaps a foreshadow of things to
come. Debates were raging over the Reagan tax cuts, known as the Economic
Recovery Tax Act of 1981 (or, ERTA). This act was designed to spur savings,
investment, work, and economic efficiency... displayed 300 characters
