Monday, January 02, 2012

Reality bites

Watching Eric Cantor ooze unctuousness on "60 Minutes" last night was hard to take, but this exchange was fascinating:

Stahl: But you know, your idol, as I’ve read anyway, was Ronald Reagan. And he compromised.
Cantor: He never compromised his principles.
Stahl: Well, he raised taxes and it was one of his principles not to raise taxes.
Cantor: Well, he — he also cut taxes.
Stahl: But he did compromise —
Cantor: Well I —
Steve Benen explains what happens next.

At that point, Cantor’s press secretary, off camera, interrupted the interview, yelling that Stahl was lying when she said Reagan raised taxes. As Stahl told “60 Minutes” viewers, “There seemed to be some difficulty accepting the fact that even though Ronald Reagan cut taxes, he also pushed through several tax increases, including one in 1982 during a recession.”

Let’s call “some difficulty” a dramatic understatement.

Unfortunately for Cantor and his press secretary, reality is stubborn. The facts are indisputable: in Ronald Reagan’s first term, he signed off on a series of tax increases — even when unemployment was nearing 11% — and proceeded to raise taxes seven out of the eight years he was in office. The truth is, “no peacetime president has raised taxes so much on so many people” as Reagan.

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