It is interesting to read what Reagan himself had to say about this deal. In his memoir he wrote, “To win congressional approval of additional spending cuts and show the financial community we were serious about reducing the deficit, I made a deal with the Congressional Democrats in 1982, agreeing to support a limited loophole-closing tax increase to raise more than $98.3 billion over three years in return for their agreement to cut spending by $280 billion during the same period; later the Democrats reneged on their pledge and we never got those cuts.”
IMHO, if Professor Zelizer wants the GOP to agree to a tax increase, it would be better if he did not bring up the events of 1982. Reminding Republicans that Democrats cannot be trusted is not an effective way to bring them to the negotiating table.
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