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Late Show host Stephen Colbert, in an interview with Sen. Ted Cruz (R-Texas), said Ronald Reagan "reversed his world’s ‘largest tax cut’ and raised taxes when revenues did not match the expectations." Was he right?

You can also read the fact-check here: http://www.politifact.com/punditfact/statements/2015/sep/25/stephen-colbert/stephen-colbert-brings-ronald-reagans-tax-raising-