
Originally Posted by
Kirkland Laing
Tax reform doesn't lower taxes. It keeps the overall tax take the same but changes who pays for it. The last tax reform was in 1986. Reagan put up taxes on low/middle income people and cut business/corporate taxes, telling Americans that this would result in supercharged economic growth that would shower them all with broadly shared prosperity. (Reagan actually raised taxes on low/middle income people twelve times in eight years including the single biggest tax increase in American history which led to this:
Yeah.)
Anyway, tax reform then led to the worst period of economic growth since WW2 for the end of Reagan's term and all through Bush 41's term. It didn't pick up again till Clinton raised taxes in 1993 and growth returned to normal. So you're trebly wrong on that one statement. Even Reagan's gigantic tax cut did nothing to help the economy. Reagan made the biggest cut in history by about ten times in 1981 and the unemployment rate jumped from seven to eleven percent.
With the cannabis thing I'm just pointing out Sessions has no intention of ending the war on drugs. He's going to do the opposite, not just with cannabis.
And once again, all I do is comment on current events. I could post endless stuff about Trump every day and I don't bother. Remember back when Obama was prez and you started endless threads and made endless posts about what a shit job Obama was doing. I haven't done anything like that. You post more about Hillary than I do about Trump.
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