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Average hourly earnings, total private industry (1982 dollars)4
The number of corporations with public affairs offices in Washington grew from 100 in 1968 to over 500 in 1978. In 1971, only 175 firms had registered lobbyists in Washington, but by 1982, 2,500 did. The number of corporate [political action committees] increased from under 300 in 1976 to over 1,200 by the middle of 1980. […] The Chamber [of Commerce] doubled in membership between 1974 and 1980. Its budget tripled. The National Federation of Independent Business (NFIB) doubled its membership between 1970 and 1979.
Horney notes that that's slightly smaller than the tax effect in the fifth years of the Omnibus Budget Reconciliation Act of 1990 (a tax increase signed by President George H.W. Bush) and the Omnibus Budget Reconciliation Act of 1993 (a tax increase signed by President Bill Clinton), as a percentage of the GDP at the time. And it's less than half of the tax increase (again as a percentage of GDP) from the Tax Equity And Fiscal Responsibility Act signed by President Ronald Reagan.
"CBO says the net effect on revenues is that it is an increase," Horney said. "It's not insignificant. But it is far from being the largest tax increase in recent history."
William Ahern with the Tax Foundation, a business-backed tax policy group, said total new revenues of $525 billion over 10 years isn't close to the size of the Clinton tax hike in 1993 or the Reagan tax hike in 1982. However, he said, a rigorous comparison can't be made because in 1982 and 1993, the Joint Committee on Taxation only did five-year estimates.
Originally posted by saltheart foamfollower
Remember, Reagan did all of his work during the era where there was no Talk Radio. Where the left wing media pretty much controlled the narrative.