Reagan’s ‘Trickle Down’ Tax-Cuts-for-the-Wealthy Policy Is Still Ruining the Economy – in 5 Charts
It wasn’t a “trickle,” it was a gusher, and the money went up to the wealthy, not down to the middle and working classes.
George H.W. Bush called it “Voodoo Economics” when he was running against Reagan in 1980 – before he drank the Kool-Aid and became Reagan’s vice president. Well, they’re still doing that voodoo they do. Trump, McConnell and company passed yet another tax cut for their wealthy donors and corporate sponsors in 2017. And they’ll do it again if the control the White and the Congress after 2024. Count on it.