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Reagan’s tax policy took its toll

Jeff Jacoby wrote that after Ronald Reagan came into office and “chopped the top marginal rate to 28 percent, [tax] dollars came gushing in’’ (“To soak the rich, keep tax rates low,’’ Opinion, Feb. 10). He told only half the story. Inflation ensued, as did a recession. After Reagan left office, George H. W. Bush, who promised no new taxes, soon had to raise taxes. That probably cost Bush a reelection.

Ed and Claire Klein

Middleborough