Well Cranberry, At least Reagan was intelligent enough to know you can't keep putting everything on a credit card like the republicans. He raised taxes more than any other president in the twentieth century. The tea party would call him a liberal if he was running today. Ike in the 50s, raised taxes on the rich to 90% for the eight years he was in office and the country flourished.
There are also a lot of other things you could do in the 50's that you can't do today. Like drag idiot liberals out into the public square, expose their communistic behavior, and then deport them.
The 50's tax rate was not the cause of the relatively good times. The entire productive capacity of Europe, USSR and Japan was destroyed in WWII. They were scrambling to rebuild and recover from that destruction. The US was in a bubble that popped in the 60's and 70's when inflation and loss of manufacturing jobs took place.
To simply cite a single factor and imply causation is a common reasoning error. In the 50's we also had 50% of our budget going to defense, racial segregation, no medicare, laws against vagrants, little illegal immigration, etc. etc.
The nature of spending by government is, IMHO, much more important than tax rates (including deduction policy). We act in ways that squander $$ based on special interests and short term consumption. The long term marginal impact of federal spending may well be destructive, but there is little immediate political feedback to counter that effect. The debt bomb that we have created will either explode OR melt down due to inflation. We simply cannot tax our way to even without having an exceptional adverse impact on the current social order.
Upton there is no one more unqualified than O to lead or country. Labor relation board stopping BA, plant in SC. ,Keystone Pipeline he is blocking, his EPA trying to limit fracking . If you did not know ,the last 2 create jobs , lower energy prices, move us towards energy independence . You support a president that wants to put MHR and many other E&P's out of business and you tell us your an investor in MHR ? Please think about what you are saying MAKES no SENSE