Nonsense. It was a cooling-off from the war economy. Raising taxes post-WWII was needed to cool off a red-hot economy because inflation was climbing. The proble

Nonsense. It was a cooling-off from the war economy. Raising taxes post-WWII was needed to cool off a red-hot economy because inflation was climbing. The problem was that as administrations changed, they didn't want to let up on that tax lever, because "look! we're rolling in dough! let's spend it!" The people in charge of the economy ignored the reasons behind the actions of previous administrations, and when those measures began to hurt the economy you got a backlash from the voters. Nowadays, too few voters understand the economy to make any real economic arguments as campaign issues. The result is the left-right BS we get as an excuse for platforms.