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wishstar

(5,812 posts)
4. Reagan focused on steering more power and money to wealthy/managers at expense of rest of us
Mon Jan 8, 2018, 03:44 AM
Jan 2018

The Social Security changes that were enacted lowered benefits and created taxation of benefits, amounting to reduced income for lower and middle income Americans. COLA was reformulated in order to lower yearly inflation adjustments for pensions.

Same Trump playbook of de-regulation gutting consumer and environmental protections in order to enable businesses. Tax giveaways with promises of trickle down that won't happen. Reagan tax cuts led to subsequent cuts to state and local programs causing state and local governments to have to raise taxes to keep programs functioning.

Reagan's was by far the worst administration for labor relations and unions with so many violations against rights of Federal employees that Clinton Admin inherited huge backlog of grievances to settle and make right.
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