Sep 27, 2017 ... The GOP has historically claimed reducing the top tax rate will create economic  growth, but that hasn't always happened. ... Before Ronald Reagan's presidency,  those who fell into the highest tax bracket paid over half of their income in income  tax. Just after World War II and into the 1950s, the rate was ...
Sep 8, 2010 ... America's Debt Crisis ... That legislation -- phased in over three years -- pushed  through a 23% across-the-board cut of individual income tax rates. ... Urban  Institute who had helped lay the groundwork for tax reform in 1986 and served as  a deputy assistant Treasury secretary during Reagan's second term.
Americans had enjoyed a prolonged period of widespread prosperity from the  beginning of World War II through the end of the 1960s, but that long ... that half a  century of misguided liberal policies had sapped the free market of much of its  natural vitality by burdening it with too many government taxes, too much  government ...
Mar 5, 1992 ... One explanation given by some tax experts is that the rich are simply reporting  more of their income and taking advantage of fewer loopholes, now that tax rates  have been trimmed substantially. The top tax rate on personal income was cut to  31 percent during the Reagan tenure from more than 90 percent ...
In 2012, during the fiscal cliff, the tax cuts were made permanent for single  people earning less than $400,000 per year and couples making less than  $450,000 per year, and eliminated for everyone else, under the American  Taxpayer Relief Act of 2012. Before the tax cuts, the highest marginal income tax  rate was 39.6 ...
During the Reagan era, "the richest Americans had their top income tax rate cut in half."