Trump's Tax Cuts Were a Disaster - and GOP Wants More | RealClearPolitics

Trump's Tax Cuts Were a Disaster - and GOP Wants More

Trump's Tax Cuts Were a Disaster - and GOP Wants More
AP Photo/Evan Vucci

In 1980 the federal deficit was soaring and Ronald Reagan campaigned on a singular promise: He planned to cut taxes on everyone, but especially the rich. He insisted that those benefits would quickly trickle down to everyone and supercharge the economy. Throw in some social safety net cuts, Republicans said, and the whole plan would pay for itself.

 

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