View Full Version : Reagan?

02-12-2012, 12:42 PM
Not everyone loves Reagan,

This from WikiAnswers:

"On Oct. 22, 1986, President Ronald Reagan signed into law the Tax
Reform Act of 1986. Reagan called the 829-page, 33-pound bill 'the most
sweeping overhaul of the tax code in our nation's history.'

"The new code gradually phased out all deductions for interest paid on
car loans, charge-account purchases, vacations and anything else that
fell under what the law termed 'consumer loans.'

When trying to convince the lower class elderly, Reagan's name may not be advantageous to the cause.

There are a lot of us that were harmed with this legislation, and we remember it.