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I would love to know the explanation for the fact that tax cuts for the rich have not resulted in huge job creation, but instead seems to have resulted in the ever widening gap between rich and poor. Seems to me it’s just the old trickledown economics again- it didn’t work in Reagan’s time, it doesn’t work now. And today the news says record corporate profits in the last quarter so where are the jobs?
Must have been 2001 (not ‘2000-01’ as I wrote) because Bush didn’t become Pres till Jan 01.
Tired today…
I think Ireland is chary of accepting money from the krauts.
I remember seeing Roger Toussaint on Eastern Parkway years ago when I was walking my dog. I also saw Clarence Norman once in about the same spot.
That’s right, etson, although not 2000 as W didn’t take office til 2001. The limited time frame allowed proponents to claim a much lower impact on revenues. Those cuts sure didn’t prove the Laffer curve correct (either that or we misunderestimated where we were on the curve) — blew a big hole in the budget where the surpluses used to be.
I think Biff went off with some Asian hooker named Ginger dressed in a silk tsukemono
Please let’s not end the day on a sour note.
Happy to spin for you:
It is very hard for businesses to make plans when tax policy is uncertain, especially if taxes might GO UP.
Nobody wants to invest ahead of a potentially punishing tax hike that would drain money from consumers and their own investment pools.
Well I agree that Toussaint is an ass, and his own union’s worst enemy.