His policies resulted in the largest peacetime economic boom in American history and nearly 35 million more jobs. President Ronald Reagan's record includes sweeping economic reforms and deep across-the-board tax cuts, market deregulation, and sound monetary policies to contain inflation. Reagan also slashed the deficit and strengthened the private sector massively. National Debt will raise $10-$15 trillion under a two term TrumpĪnd it will double that if we have a Democrat President. Not looking great for Biden either with the Tara Reade debacle, that’s not going away and this time, Dems can’t stop this train. Trump November election not looking so rosy anymore. Bad health, lack of healthcare.Ĭalifornia is a great example of wealth, so why isn’t Newsom doing something about it or the mayor of Chicago? More Blacks are getting the Covid-19 than whites in her communities. Obama didn’t have the CV-19 to deal with, Obama didn’t worry about the private sector or eve the black community that’s why Maxine Waters confronted him with that, also the governors in these blue states where the majority of Blacks live never were held accountable for mismanaging their States and letting down the Black communities. The African-American rate jumped to 16.7%, after Trump boasted it had reached a historical low under him. Bush and Clinton also needed to raise taxes to correct Reagan's big failure.
One lesson from that history: When tax cuts are really too big to be sustainable, they’re often followed by tax increases. Bush signed another tax increase in 1990 and Bill Clinton did the same in 1993. So with Reagan’s signature, Congress undid a good chunk of the 1981 tax cut by raising taxes a lot in 1982, 1983, 19.
Stay on topic instead of distracting and changing subjects.Ģ) Ronald Reagan "reversed his world’s ‘largest tax cut’ and raised taxes when revenues did not match the expectations." I believe 11-12 times if my memory serves me correctly!Īs projections for the deficit worsened, it became clear that the 1981 tax cut was too big. Here’s the Major fundamental difference, Reagan put the entire country to work, massively cut taxes, cut entitlements and created a strong private sector, rebuilt the military which is the exact opposite from what Biden will We are not talking about Biden. He is, as well as all these governors that won’t allow people to make a living as well as these judges that want to imprison people for trying to eat. Trump is responsible for the poor economy that he bragged about like the pandemic response that he failed at. If that were true Trump would have never changed the corporate tax code, lowered taxes, got rid of all regulations, gave incentives to job creators, lowered tax rates for small business owners and encouraged more offshore investments had this been under Obama, he never would have done this and wouldn’t do it now, so to even imply that Obama would have handled this better, he would have printed more more which is exactly what you don’t want, you need people to get back to work and start generating revenue and handing out printed paper won’t solve that.
That’s absolutely and factually not true. People who don't live in the bubble knows that trump has been riding Pres. Yes, so up until February the country was at its strongest since the 50’s. Despite disowning any blame for the current state of the economy, trump went on to boast at length about the strength of it before it was decimated by the coronavirus pandemic.
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