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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.
Trump and Musk are on an unconstitutional rampage, aiming for virtually every corner of the federal government. These two right-wing billionaires are targeting nurses, scientists, teachers, daycare providers, judges, veterans, air traffic controllers, and nuclear safety inspectors. No one is safe. The food stamps program, Social Security, Medicare, and Medicaid are next. It’s an unprecedented disaster and a five-alarm fire, but there will be a reckoning. The people did not vote for this. The American people do not want this dystopian hellscape that hides behind claims of “efficiency.” Still, in reality, it is all a giveaway to corporate interests and the libertarian dreams of far-right oligarchs like Musk. Common Dreams is playing a vital role by reporting day and night on this orgy of corruption and greed, as well as what everyday people can do to organize and fight back. As a people-powered nonprofit news outlet, we cover issues the corporate media never will, but we can only continue with our readers’ support. |
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.