Using your logic, Reagan’s legacy was actually whatever Democrats wanted then because he had a divided government as well.
Yes, Clinton had to deal with Newt Gingrich, but as you’re getting an abject lesson in daily these days, the president has and has always had a large amount of power. He could’ve used that for good, instead he used it to help Republicans dismantle welfare, pass “tough on crime” laws, and get his dick sucked in the Oval.
the 1983 tax cut that proved the notion of the Laffer curve held some truth
Are you kidding me? You actually think trickle down works?
Now I get why you’re such a fan of ineffective Democratic shit, you’re in the .00001% of “Republican-lite” voters in the country they’re looking to please at the cost of the rest of the electorate.
The laffer curve absolutely does have to do with trickle down. It’s the pseudoscience backing for lowering the top tax rates. It starts off with the lie that that’ll actually result in an increase of revenue, even when that’s laughably untrue – which is evidenced by the fact that the government has never been as broke as when it has continued to pursue this disastrous form of tax policy.
The thing about the Laffer curve is that…yes obviously you cannot tax 100% of everyone’s paycheck and expect that the economy will grow, and yes obviously taxing everyone 0% will result in 0 revenue…these obvious things are obvious. But the rates in between have fairly straightforwardly predictable effects on revenue, and even adding a tax bracket where you take 100% of the income above a certain level is not one of the ends of the laffer curve, because the effective tax rate for those earners is still not 100%…because tax brackets exist.
One implication of the Laffer curve is that increasing tax rates beyond a certain point is counter-productive for raising further tax revenue. Particularly in the United States, conservatives have used the Laffer curve to argue that lower taxes may increase tax revenue.
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https://history.house.gov/Institution/Presidents-Coinciding/Party-Government/
Divided government is very common in the US.
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Using your logic, Reagan’s legacy was actually whatever Democrats wanted then because he had a divided government as well.
Yes, Clinton had to deal with Newt Gingrich, but as you’re getting an abject lesson in daily these days, the president has and has always had a large amount of power. He could’ve used that for good, instead he used it to help Republicans dismantle welfare, pass “tough on crime” laws, and get his dick sucked in the Oval.
deleted by creator
Are you kidding me? You actually think trickle down works?
Now I get why you’re such a fan of ineffective Democratic shit, you’re in the .00001% of “Republican-lite” voters in the country they’re looking to please at the cost of the rest of the electorate.
deleted by creator
The laffer curve absolutely does have to do with trickle down. It’s the pseudoscience backing for lowering the top tax rates. It starts off with the lie that that’ll actually result in an increase of revenue, even when that’s laughably untrue – which is evidenced by the fact that the government has never been as broke as when it has continued to pursue this disastrous form of tax policy.
The thing about the Laffer curve is that…yes obviously you cannot tax 100% of everyone’s paycheck and expect that the economy will grow, and yes obviously taxing everyone 0% will result in 0 revenue…these obvious things are obvious. But the rates in between have fairly straightforwardly predictable effects on revenue, and even adding a tax bracket where you take 100% of the income above a certain level is not one of the ends of the laffer curve, because the effective tax rate for those earners is still not 100%…because tax brackets exist.
https://en.wikipedia.org/wiki/Laffer_curve