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Deceitful Democratic Tax Increases Harm the Poor People Most

Greg .

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It causes the costs of all goods and services to rise ... which is passed on to the consumer.

Of course, this basic fact of economics is LOST on the idgit liberals and green stripers.
 

huntintn

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If the government pays for most of your basic needs you dont realize that prices are on the rise. Extra 300 a month for your kids in stimmy money and your happy. EBT, is a money card, trade them $28 steaks for a 40 of the bull.
 

sun

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This also happened the last time we had Reaganomics and the deficit ballooned.
Bill Clinton was elected to straighten out spending & taxation at that time.
I wonder who will be the next POTUS expected to fix it?
 

Wildcat

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This also happened the last time we had Reaganomics and the deficit ballooned.
Bill Clinton was elected to straighten out spending & taxation at that time.
I wonder who will be the next POTUS expected to fix it?

Bill Clinton GUTTED the US military. He NEVER straightens out anything.

All he did was CUT the US military and that allowed him to have a balance BUDGET FOR ONE YEAR, and one year only.

It was Newt Gingrich's Contract with America that righted the ship.
 

sun

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Bill Clinton GUTTED the US military. He NEVER straightens out anything.

All he did was CUT the US military and that allowed him to have a balance BUDGET FOR ONE YEAR, and one year only.

It was Newt Gingrich's Contract with America that righted the ship.
Trump didn't actually implement Reaganomics although the deficit did balloon, there was also inflation.
However, the tax rates were much higher then which should lead folks to ask what are acceptable tax rates.
The tax rates have been much lower yet folks still complain.
--------------
Below is an excerpt from a page about Reaganomics:

".....The federal debt almost tripled, from $998 billion in 1981 to $2.857 trillion in 1989.5

Tax Cuts​

Reagan cut tax rates enough to stimulate consumer demand. By Reagan's last year in office, the top income tax rate was 28% for single people making $18,550 or more. Anyone making less paid no taxes at all. That was much less than the 1980 top tax rate of 70% for individuals earning $108,300 or more. Reagan indexed the tax brackets for inflation.6

Reagan offset these tax cuts with tax increases elsewhere. He raised Social Security payroll taxes and some excise taxes. He also cut several deductions.78

Reagan cut the corporate tax rate from 46% to 40% in 1987.9

But the effect of this break was unclear. Reagan changed the tax treatment of many new investments. The complexity meant that the overall results of his corporate tax changes couldn't be measured...."

 

Wildcat

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Trump didn't actually implement Reaganomicsm but the deficit did balloon and there was inflation.
However, the tax rates were much higher then which should lead folks to ask what are acceptable tax rates.
The tax rates now days are much lower yet folks still complain.
--------------
Below from an excerpt from a page about Reaganomics:

".....The federal debt almost tripled, from $998 billion in 1981 to $2.857 trillion in 1989.5

Tax Cuts​

Reagan cut tax rates enough to stimulate consumer demand. By Reagan's last year in office, the top income tax rate was 28% for single people making $18,550 or more. Anyone making less paid no taxes at all. That was much less than the 1980 top tax rate of 70% for individuals earning $108,300 or more. Reagan indexed the tax brackets for inflation.6

Reagan offset these tax cuts with tax increases elsewhere. He raised Social Security payroll taxes and some excise taxes. He also cut several deductions.78

Reagan cut the corporate tax rate from 46% to 40% in 1987.9

But the effect of this break was unclear. Reagan changed the tax treatment of many new investments. The complexity meant that the overall results of his corporate tax changes couldn't be measured...."



See, He tried to blame Reagan and credit Clinton, and as soon as I pointed out what Clinton really did do and what Newt did. Here he comes with TRUMP. Trump does indeed live in their heads.
 

sun

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See, He tried to blame Reagan and credit Clinton, and as soon as I pointed out what Clinton really did do and what Newt did. Here he comes with TRUMP. Trump does indeed live in their heads.
The point that I was trying to make was that after the Reaganomics period of tax cuts and deficit spending, Bush 41 lost re-election over breaking his no new taxes pledge.
After him, Clinton got a lot of credit for balancing the budget whether it was tax increases or spending cuts or both.
 
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TNTreeman

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In before green stripers. " It's hyperbole, both sides do it, cnn said..., orange man made me feel icky". He said to drink bleach, he's a RACISS , Charlottesville ...😰😥😪. Bunch of bed wetters. 🙄
 
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Wildcat

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The point that I was trying to make was that after the Reaganomics period of tax cuts and deficit spending, Bush 41 lost re-election over breaking his no new taxes pledge.
After him, Clinton got a lot of credit for balancing the budget whether it was tax increases or spending cuts or both.

Tell the truth. It was the DEMOCRAT CONGRESS that passed the "new taxes". Bush had to sign it.

Regan and Bush ended the Cold War, Clinton CUT the military to the bone. The Persian Gulf War, when Iraq invaded Kuwait was the last time the United States was at full strength. Clinton cut it all out.

And where did Trump come into your post besides living in your mind????
 

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