The Soapbox

WahooRQ

Joined: 04/30/2006 Posts: 44679
Likes: 60749


Republicans always try to credit Reagan’s income tax cuts with growth in


The mid to late 80’s, but its a fallacy. Cutting interest rates by more than half as the economy came out of a recession and quadrupling of government spending is what led to that particulae boom. Unless you believe people take their personal income tax savings and use them to start new businesses or decide to hire new workers for their businesses because the IRS gave them a 5,000 refund check.

(In response to this post by HoosQ)

Posted: 01/10/2019 at 08:59AM



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Current Thread:
 
  
Really big economic news -- NJHoo 01/09/2019 9:49PM
  Tax receipts do not equal economic activity. ** -- ConnHoo 01/09/2019 10:54PM
  Economic activity doesn’t pay -- HoosWillWin 01/09/2019 11:29PM
  So it's a good thing we are shutdown? ** -- hoothat 01/09/2019 10:06PM
  Ruh roh raggy -- Hoodeac 01/09/2019 9:55PM

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