According to a new History Channel special on Ronald Reagan, the profound economic recovery of the early '80s can be credited to "the Reagan tax increases." The February 9 program contained this odd assertion while highlighting the President's path to reelection in 1984. Of course, the Economic Recovery Act of 1981 actually cut the top marginal rate from 70 percent to 50 percent.
Despite this, narrator David Jeremiah asserted, "By 1984, Ronald Reagan is cruising toward re-election. After enduring a recession that threatened his hopes for a second term, the economy, thanks in part to the Reagan tax increases, is bouncing back."
[See video below. MP3 audio here.]