Congress Refuses to Add to the Deficit—Except When Giving Tax Breaks to Big Business
Congress routinely allows huge packages of nominally temporary tax incentives, loopholes, deductions, and credits to expire, only to revive them...
Congress routinely allows huge packages of nominally temporary tax incentives, loopholes, deductions, and credits to expire, only to revive them...
"Ronald Reagan's theory was really 'trickle down' economics...and renamed 'supply side.' Cut tax rates for the wealthy; everyone else will benefit. As Reagan's budget director David Stockman confided at the time, the supply-side rhetoric 'was always a Trojan horse to bring down the top rate.'" —The Gipper's Economy. To see how the Trickle Down Con was sold to the public click here.