jimnyc
09-22-2017, 11:35 AM
And will any attempt at reform work this year?
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FACT CHECK: Was The Last Time The US ‘Substantially’ Reformed The Tax Code In 1986?
The House Republicans’ Twitter handle claimed that the U.S. has not “really reformed our tax code since 1986” in a Thursday tweet.
https://i.imgur.com/yrEgX9Y.png
The tweet linked to a marketing message describing how the tax code “hasn’t been substantially reformed since 1986,” the same year as the Ferris Bueller movie release, Chernobyl meltdown, and the Challenger Space Shuttle disaster.
Verdict: True
The last time the U.S. reformed its tax code in a significant way was in 1986. Tax rates, however, have fluctuated in the 31 years since.
Fact Check:
The last major overhaul of the U.S. tax code indeed took place in 1986 under the stewardship of the late President Ronald Reagan.
Rest - http://dailycaller.com/2017/09/22/fact-check-was-the-last-time-the-us-significantly-reformed-the-tax-code-in-1986/
---
FACT CHECK: Was The Last Time The US ‘Substantially’ Reformed The Tax Code In 1986?
The House Republicans’ Twitter handle claimed that the U.S. has not “really reformed our tax code since 1986” in a Thursday tweet.
https://i.imgur.com/yrEgX9Y.png
The tweet linked to a marketing message describing how the tax code “hasn’t been substantially reformed since 1986,” the same year as the Ferris Bueller movie release, Chernobyl meltdown, and the Challenger Space Shuttle disaster.
Verdict: True
The last time the U.S. reformed its tax code in a significant way was in 1986. Tax rates, however, have fluctuated in the 31 years since.
Fact Check:
The last major overhaul of the U.S. tax code indeed took place in 1986 under the stewardship of the late President Ronald Reagan.
Rest - http://dailycaller.com/2017/09/22/fact-check-was-the-last-time-the-us-significantly-reformed-the-tax-code-in-1986/