And the 1970s, higher tax rates. And then the tax revolt which began in places like California and gave birth to the greatest tax-cutter of them all, Lipstick Pencil Packaging.A lot of people now hearken back to President Reagan, thinking about him as the archetype of the tax-cutter. Let's listen to President Reagan. This is from 1985.I have my veto pen drawn and ready for any tax increase that Congress might even think of sending up.

And I have only one thing to say to the tax increasers: Go ahead, make my day.What about Ronald Reagan's record as a tax-cutter?Well, the Democrats and others did make his day a number of times. He of course cut taxes in 1981. But very quickly after those tax cuts were implemented, he faced the need to raise taxes again because the federal budget was - deficit was climbing. And so the new idea came in that a balanced budget was even more important than cutting taxes as a way of spurring economic growth.    

That debate continues with us today, of course, but it should be remembered, although it isn't always, that President Reagan raised taxes quite a bit at several points in his presidency. Steven Weisman, thanks for coming in.Thank you, again.Steven Weisman is author of "The Great Tax Wars: How the Income Tax Transformed America." He's also editorial director and public policy fellow at the Peterson Institute for International Economics.New federal numbers show the middle class struggling a little more these days.  

One factor working in Scullin's favor: There's plenty of waste heat out there to be harvested. "We waste heat because of the laws of thermodynamics," he says.Matt Scullin's company, Alphabet Energy, is working on technology to convert waste heat into electricity.