Trump, in Heritage speech on taxes, vows to return to Reagan-era economic boom
Source: Politico
'You understand that lower taxes mean bigger paychecks, more jobs and stronger growth,' the president says.
By NANCY COOK and CRISTIANO LIMA 10/17/2017 09:05 PM EDT
President Donald Trump said Tuesday that the Republican tax plan would lift the U.S. economy to heights not seen since the administration of Ronald Reagan, delivering a speech filled with economic optimism to a receptive audience of donors to the Heritage Foundation, which has played a critical role in policy and staff matters for the Trump administration.
Working closely with the Heritage Foundation, Ronald Reagan cut taxes to unleash the economic miracle of the 1980s, Trump said during his address at the think tanks annual Presidents Club Meeting. You understand that lower taxes mean bigger paychecks, more jobs and stronger growth. At the heart of our plan is a tax cut for everyday working Americans.
Calling the existing GOP proposal a once-in-a generation opportunity to revitalize our economy, revive our industry and renew the American dream, the president hailed the foundations role in shaping policy in past administrations and urged its members to use their influence to help pass the Republican tax plan.
The Heritage Foundation can once again help make history by helping to take this incredible idea, this proven idea, this tax cut [and] making it a reality for millions and millions of patriotic Americans, Trump said.
Read more: http://www.politico.com/story/2017/10/17/trump-taxes-reagan-economy-heritage-243887?lo=ap_f1
Cary
(11,746 posts)Yet I'm sure the brain dead think tank wankers ate up every syllable.
Soxfan58
(3,479 posts)30 years ago Thursday, How soon they forget
democratisphere
(17,235 posts)specially when redumbliCONs are involved.
groundloop
(11,522 posts)Thor_MN
(11,843 posts)harun
(11,348 posts)The you will be rich someday too lie still sells to the deplorables. If they haven't figured out the lie yet, they aren't going to.
Bengus81
(6,932 posts)In Kansas the aviation industry was basically shut down for years. The only thing selling?? You guessed it,biz jets selling for millions.
BumRushDaShow
(129,445 posts)and a stock market crash of a 25% loss in one day in 1987.
One of the longest "peace time expansions" of the economy just happened under Drumpf's predecessor.
beachbum bob
(10,437 posts)typical conservative bullshit of 1/2 of the facts (or less)
louis-t
(23,297 posts)While bush merely doubled it.
karynnj
(59,504 posts)Read down to the 1980s part -- the Reagan/Bush economy led to some of his bankruptcies. https://www.nytimes.com/2016/06/12/nyregion/donald-trump-atlantic-city.html?_r=0
He personally should know.
scarytomcat
(1,706 posts)the little guy didn't get shit just more taxes
people earned less while inflation ate their lunch
AmandaRuth
(3,105 posts)this is just payback to his donors. donate 100,000 get 1,000,000 back
Marthe48
(17,018 posts)trickle down is not even appropriate in a russian hotel