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In reply to the discussion: Biden said to be increasingly frustrated by dismal poll numbers [View all]bigtree
(94,519 posts)...by tax breaks for the wealthy, real estate schemes, and a pittance for the middle class.
Makes zero sense to equate the two periods growth, because there are very specific factors in evidence for the Biden Boom which came with infrastructure spending and middle class tax breaks and investments in the $1.9 trillion relief bill, in addition to $132 billion in student debt relief for more than 3.6 million Americans.
On the other hand, top 1% of earners received 38% of the Bush tax cuts. The lower 60% received less than 20% of the total benefit of Bushs tax policies. It's a well-established history, so it's really surprising to see it compared to the Biden effort.
In contrast, Pres. Biden's $1.9 trillion relief package slashed taxes for lower and moderate-income Americans. Employment was the second-best year on record. The strong labor market recouped all 22 million workers that were let go in the pandemic, and then some.
But sure, apples and oranges are both fruit.