Somebody posted a link in a followup comment, and the point is that BabyBooBoi lied about who benefitted the "MOST" from the traitor in chief's and republican's big beautiful tax cuts for the rich:
Many other followup comments hghlghted the lie.
HTH
New IRS data proves Trump tax cuts benefitted middle, working class Americans most
- Thread starter BabyBoomer50s
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Somebody posted a link in a followup comment, and the point is that BabyBooBoi lied about who benefitted the "MOST" from the traitor in chief's and republican's big beautiful tax cuts for the rich:
Many other followup comments hghlghted the lie.
HTH
BabyBoomer50s
Capitalist
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- Nov 27, 2018
- Posts
- 10,326
Somebody posted a link in a followup comment, and the point is that BabyBooBoi lied about who benefitted the "MOST" from the traitor in chief's and republican's big beautiful tax cuts for the rich:
Many other followup comments hghlghted the lie.
HTH
Nobody has challenged the figures. The source was IRS data. If it’s wrong, blame the Biden administration.
JohnEngelman
Virgin
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- Jan 8, 2022
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- 3,466
During the Reagan administration the top tax rate declined from 70% in 1980 to 28% in 1988.
https://www.irs.gov/pub/irs-soi/02inpetr.pdf
During the Reagan administration the national debt increased from $908 billion in 1980 to $2,602 billion in 1988. The national debt as a percentage of Gross Domestic Product (GDP) increased from 32% to 50%.
https://www.thebalancemoney.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287
Republicans used to value balanced budgets. What happened to that?
During the Carter administration there was a shallow six month recession. Unemployment reached 7.8%. During the Reagan administration there was a deep sixteen month recession. Unemployment reached 10.7%.
https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States
https://www.irs.gov/pub/irs-soi/02inpetr.pdf
During the Reagan administration the national debt increased from $908 billion in 1980 to $2,602 billion in 1988. The national debt as a percentage of Gross Domestic Product (GDP) increased from 32% to 50%.
https://www.thebalancemoney.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287
Republicans used to value balanced budgets. What happened to that?
During the Carter administration there was a shallow six month recession. Unemployment reached 7.8%. During the Reagan administration there was a deep sixteen month recession. Unemployment reached 10.7%.
https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States
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