Bradley and Tax Reform

Nathan Newman nathan.newman at
Mon Jan 17 10:29:46 PST 2000

Along with the benefits of the 1986 tax bill cited by CTJ, it also had the virtue of lowering the top rate enough (while increasing the income covered) that it was relatively easy politically to raise it again in 1990 and 1993 (with the higher rates in many ways more "real" than the phony rates in the 1970s when so many shelters proliferated). One large reason surpluses keep piling up in the treasury are those increases in the top rate that are raking off a chunk of the bonanza of the elite in the New Economy - which the cuts in the capital gains tax from 1996 are only reducing somewhat.

As noted in CTJ, the 1986 tax bill is one of the best reasons to support Bradley since it did take legitimate political vision and courage to take on so many special interests at once.

-- Nathan Newman

> -----Original Message-----
> From: owner-lbo-talk at
> [mailto:owner-lbo-talk at]On Behalf Of Max B. Sawicky
> Sent: Monday, January 17, 2000 1:12 PM
> To: Lbo-Talk
> Subject: Bradley and Tax Reform
> Citizens for Tax Justice paper on Bradley
> and '86 tax reform:

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