In the 1980s, Congressional Republicans led an organized effort to get tax cuts through the Congress that were sold as tax cuts for everybody. But to the disappointment of the middle class, when the smoke cleared, most of the money went to the wealthy. One of the chief strategies used to convince the voters that tax reduction was good for everyone was “trickle-down economics” which theorized that the reduction of taxes on the wealthy would create more jobs and increased wages. Instead, it has led to inequality.
The Six Tax Laws
In the 1980s, Congressional Republicans organized an effort to get tax cuts through the Congress that was sold as tax cuts for everybody. But it wasn’t just a wealth transfer; ...
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