Search Results for: reagan was right

Did Ronald Reagan Lower the Top Tax Rate from 70 to 28 Percent and Introduce Income Tax on Social Security Benefits to Offset It?

A popular tweet claimed that the former president lowered the top tax rate from 70 percent to 28 percent, balancing it with a novel income tax on Social Security Benefits.

African Americans will lose voting rights in 2007-Fiction!

The story says that blacks will be losing their right to vote in 2007. The reason is that the Voting Rights Act of 1965 was not a law, it was just an act, but never passed into law. In 1982, according to the story, Ronald Reagan amended the Voting Rights Act for another 25 years…until 2007. At that time, congress will revisit the whole issue and in addition to congressional approval, there needs to be the approval of 38 states for the law to be extended.