11-22-2017, 02:09 PM
Quote:Back in power, the new “populist” GOP is pushing the exact same economic strategy. This time, instead of aiming to slash dividend and capital gains taxes that are levied on people who own shares of stock in big companies, they are directly slashing the corporate income tax paid by those companies. But the effect — by design — is exactly the same.The theory behind Trump’s tax cuts is exactly what gave us the failed Bush economy - Vox
The idea is that by making it more profitable to own American companies, you will juice business investment in the United States. The reality is that if we do the exact same thing we did when George W. Bush was president, we will likely get the exact same results — an inegalitarian growth pattern, an uncompetitive currency that hurts American manufacturing, and an economy based on rich people lending money to middle-class people so they can buy houses.
Not learning from Bush..

