General Discussion
In reply to the discussion: How Democrats can win big in 2014. [View all]hfojvt
(37,573 posts)and he ran on his program of Reaganomics in 1980, which was, according to your graph, the economic stimulus of "across the board tax cuts"
I am NOT the one trying to portray Reaganomics as progressive - that would be YOU. It's progressive, you say, if tax cuts that favor the rich come from Obama, because you can spin them as an economic stimulus.
MY claim, is that, using the very same spin that YOU are using, then Reaganomics was also stimulative. You know, the tax cuts known as ERTA, which were passed in 1981 and cut the top rate from 70% to 50% and the bottom rate from 15% to 11%.
What an economic stimulus.
In fact, that is exactly how that piece of excrement was sold. ERTA stands for Economic Recovery and Tax Act.
See, I think Reagan and Reaganites are full of crap when they claim that their policies which favor the rich are about economic stimulus. I demand economic stimulus which does NOT increase inequality.
And I don't change that just because a Democrat is in the White House.
Foolish consistency, eh?