, Columnist
The Mostly Forgotten Tax Increases of 1982-1993
Something had to make up for the financial hole created by Reagan's famous cuts.
Never forget.
Photographer: J. David Ake/AFP/Getty ImagesThe Economic Recovery Act of 1981, also known as the Reagan tax cuts, was the biggest reduction in U.S. taxes of the past 70 years, possibly even the biggest ever.1513274866098 That much is reasonably well-known.
What is less well-known is that these cuts were then followed by a series of tax increases that, if you add them all together, were almost as big as or even bigger than the 1981 cuts, depending on the measure you use.