Tag Archives: Taxes

Repeating Failure

Robert Reich (The New Tax Deal: Reaganomics Redux): “Yes, the pending tax bill will give America’s middle and working classes slightly more cash next year. But only for one year. They won’t spend it. They’ll use it to help pay down their debts. Will lower taxes on the rich spur them to create more jobs? Not a chance. Since 1980, Reagan’s supply-siders have said lower taxes on the rich will trickle down to everyone else. Nothing could be further from the truth.”

I hope this bad idea actually works, but I have my doubts. I mean, the eight years under President Bush were so fruitful with this strategy. Yes, that’s a bit of sarcasm. It’s too bad the GOP lawmakers aren’t interested in helping America, they’re only interested in helping the top 1% fill their pockets. Sad really.