Quote:
Originally Posted by Eddies66
Wrong, Cutting taxes for the wealthy often does not translate to increased rates of employment, consumer spending, and government revenues in the long term. Instead, cutting taxes for middle- and lower-income earners will drive the economy through the trickle-up phenomenon. The added income for the wealthy, resulting from tax cuts, will simply increase the growing income inequality in the United States.
Trump and Reagan used it and both tripled the debt.
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In addition, you're completely wrong, on ALL counts, and the most recent economic history proves that. Not only did the Trump tax cuts produce RECORD federal tax revenue, far above that of the previous higher tax rates, it also created economic growth that created the lowest recorded unemployment levels of recent recorded history, including record lows in minority unemployment. Not to mention, under Trump, the wage and wealth growth rate for the middle class exceeded that of the higher class for the first time in decades.