Thursday, September 28, 2017

Don't fall for Trickle Down Again. It really is Voodoo Zombie Economics.

Trickle Down Economics does not work. It did not work in the 1980's under President Reagan, It only seemed to because at the same time the tax cuts became law, gas prices dropped and there was a proliferation of credit card offerings. That was the real stimulus to the economy then. It did not work in the 2000's when President Bush II signed two tax cut measures. Within five years of the second one, we were in the Great Recession. The best economic and jobs performance in this country occurred after tax increases at the tail end of the Bush I Administration and the Clinton one in the 1990's and the Obama Administration after 2013. Call your Congressperson and urge them not to fall for this false promise of gold at the end of this rainbow. It is not there.


https://www.facebook.com/RBReich/videos/1716024155076840/

https://www.washingtonpost.com/news/posteverything/wp/2017/09/28/i-helped-create-the-gop-tax-myth-trump-is-wrong-tax-cuts-dont-equal-growth/?utm_term=.000a8f8c58bc

https://www.nytimes.com/2017/09/28/us/politics/trump-tax-cuts-deficit-republicans-congress.html?smid=fb-share&_r=0

http://thehill.com/policy/finance/352473-trump-tax-plan-will-nearly-double-standard-deduction-increase-child-tax-credit

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