Will Obama trick the Republicans once again? In 1982 Reagan agreed to raise taxes on business with a promise from the democratically controlled congress to cut spending. Taxes were raised but no spending cuts materialized.
When Bush 41 agreed to go back on his pledge of read my lips no new taxes he lost his bid for a second term. He agreed to raise taxes when the democrats said they would lower spending to reduce the budget deficit. He raised taxes but the spending cuts never came.
Bush 43 pushed through tax cuts but then he joined in with the democrats to increase spending
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