Reagan took office in 1981 amidst a plethora of economic crises. Inflation soared in the double-digits at 13.5%, the unemployment rate stood at 7.5%, and energy prices were rocketing in the aftermath of the Iranian revolution. By the end of his two terms, inflation had fallen to 4.1%, unemployment down to 5.5%, and the USContinue reading “Reagan Revolution”
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Terrific Trickle-down Economics?
‘Tax cuts for the rich!’ A cry consistently echoed by those against reducing top tax rates. ‘Trickle-down economics,’ a phrase first uttered by President Franklin Roosevelt in the depths of the Great Recession, despite no economist in history supporting this line of reasoning. Unfortunately, the facts suggest otherwise. Reducing top tax rates from punitive levels,Continue reading “Terrific Trickle-down Economics?”
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