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Speaker of the House Paul Ryan shares a laugh with Republican members of Congress after signing legislation to repeal the Affordable Care Act, also known as Obamacare, and to cut off federal funding of Planned Parenthood during an enrollment ceremony in the Rayburn Room at the U.S. Capitol January 7, 2016. (Photo: Chip Somodevilla/Getty Images)
Only liars and idiots believe Republican claims that their proposed tax cut is about helping the middle class. Everyone else understands it for what it is: a payoff by the Republicans to their wealthy masters.
Did the massive tax cuts and their concomitant debts produce the robust growth Republicans promised, and still claim? They did not. Here's the data.
"Did the massive tax cuts and their concomitant debts produce the robust growth Republicans promised, and still claim? They did not."
Over the twelve years of Reagan/Bush, GDP grew at an average of 2.8% per year. Bill Clinton raised taxes on the wealthy. The result? The economy grew at an average of 3.5% per year over his eight-year tenure, 25% faster per year than under Reagan/Bush.
But if you are interested in facts, the facts are undeniable. Massive tax cuts for the wealthy produce middling growth and massive debt. They are a prescription for economic disaster.
Political revenge. Mass deportations. Project 2025. Unfathomable corruption. Attacks on Social Security, Medicare, and Medicaid. Pardons for insurrectionists. An all-out assault on democracy. Republicans in Congress are scrambling to give Trump broad new powers to strip the tax-exempt status of any nonprofit he doesn’t like by declaring it a “terrorist-supporting organization.” Trump has already begun filing lawsuits against news outlets that criticize him. At Common Dreams, we won’t back down, but we must get ready for whatever Trump and his thugs throw at us. As a people-powered nonprofit news outlet, we cover issues the corporate media never will, but we can only continue with our readers’ support. By donating today, please help us fight the dangers of a second Trump presidency. |
Robert Freeman is the Founder and Executive Director of The Global Uplift Project, a leading provider of educational infrastructure for the developing world. He is the author of The Best One Hour History series whose titles include World War I, The Cold War, The Vietnam War, and many others.
Only liars and idiots believe Republican claims that their proposed tax cut is about helping the middle class. Everyone else understands it for what it is: a payoff by the Republicans to their wealthy masters.
Did the massive tax cuts and their concomitant debts produce the robust growth Republicans promised, and still claim? They did not. Here's the data.
"Did the massive tax cuts and their concomitant debts produce the robust growth Republicans promised, and still claim? They did not."
Over the twelve years of Reagan/Bush, GDP grew at an average of 2.8% per year. Bill Clinton raised taxes on the wealthy. The result? The economy grew at an average of 3.5% per year over his eight-year tenure, 25% faster per year than under Reagan/Bush.
But if you are interested in facts, the facts are undeniable. Massive tax cuts for the wealthy produce middling growth and massive debt. They are a prescription for economic disaster.
Robert Freeman is the Founder and Executive Director of The Global Uplift Project, a leading provider of educational infrastructure for the developing world. He is the author of The Best One Hour History series whose titles include World War I, The Cold War, The Vietnam War, and many others.
Only liars and idiots believe Republican claims that their proposed tax cut is about helping the middle class. Everyone else understands it for what it is: a payoff by the Republicans to their wealthy masters.
Did the massive tax cuts and their concomitant debts produce the robust growth Republicans promised, and still claim? They did not. Here's the data.
"Did the massive tax cuts and their concomitant debts produce the robust growth Republicans promised, and still claim? They did not."
Over the twelve years of Reagan/Bush, GDP grew at an average of 2.8% per year. Bill Clinton raised taxes on the wealthy. The result? The economy grew at an average of 3.5% per year over his eight-year tenure, 25% faster per year than under Reagan/Bush.
But if you are interested in facts, the facts are undeniable. Massive tax cuts for the wealthy produce middling growth and massive debt. They are a prescription for economic disaster.