The trickle down con is back. The White House Council of Economic Advisers claims - against evidence - that lower corporate taxes incentivize companies to (magically) invest in new machines that would require more skilled workers and those people would (magically) then be paid higher wages.
The new Trump tax plan is nothing but a massive handout to the wealthiest corporations and individuals – himself included.
His uncertainty about taking the job is evidence that progressive opposition has been loud and effective.
Spoiler alert: The richest 1 percent of Americans would benefit most from Trump's proposal.
Lazarus is lying at our gate. It is why our politics and our votes matter so much. In less than 50 days we will decide who will govern our land for the next two, four, and six years. Lazarus is lying at our gate. Will our votes take him into consideration?
In a normal political environment, a national candidate seeking a model of what their proposed policies would produce would certainly choose a winner. However, this is no more a normal political environment than an elephant is quantum-sized, and the state of Kansas is no more an economic winner than Donald Trump is a quiet and thoughtful deep thinker.
The Kansas bill creates private school savings and funding programs by diverting public education funding to private and religious schools
Starting a new job can be an exhilarating experience, especially when that new position is at the wishes and consent of millions of voters. However, for Louisiana’s new governor, John Bel Edwards (D), whatever exhilaration might exist at being chosen to run the state likely turned to fright and despair when he realized just how devastating was the severe budget crisis left him by his predecessor. It is an all-too-common story in America: a Republican administration inherits a surplus and directly sends the economy into free-fall by racking up colossal deficits, and then a Democrat has to spend their time and energy cleaning up what is always an economic disaster.
Witness the reality of the GOP's keep-the worker-down economics and its persistent drive to re-distribute wealth from the bottom to the top
Krugman says the GOP establishment is determined "to take whatever didn't work from 2001 to 2008 and do it again in a more extreme form"
"The two Democratic presidents have produced jobs at 7 times the rate of the two Bushes or 2.1 million versus 300,000 per year."
If Americans need an example of true fiscal responsibility, they can look at the state of the economy under a fiscally responsible Democrat, President Barack Obama.
Of course the mainstream media has not reported on events in Michigan because the last thing corporate media wants is to give Americans across the country the idea that they have power to put a stop to Republicans transferring wealth to corporations and the rich at the expense of the poor, elderly, students, middle class, and infrastructure.
The International Monetary Fund (IMF), has finally conducted comprehensive research and reported what every conscious human being on Earth already knows like they know the Sun rises in the East; GOP trickle-down economics is a certifiable economic disaster that reliably retards economic growth, kills jobs, and increases income inequality.
The problem with the Republicans' argument and lies, and there are many, is that statistics continue to prove that conservative anti-government policies over the past thirty-five years have driven income inequality and degraded society and are every bit as responsible for the events in Baltimore as out-of-control police violence against African Americans.
Republicans ran on, and won big with, their claim that the GOP is "the party of solutions" founded on conservative pro-growth economic policies, deregulation, and tax cuts for the rich they claimed were more successful than anything "hapless" Democrats or Obama could ever hope to achieve. This is despite the President's nearly five-year job growth record, world-leading GDP growth, and increased revenue paying down the nation's debt at a record pace.
Now that Republicans control both houses of Congress, Americans should brace themselves for a serious Koch-style assault on revenue and government agencies. Last year, Mitch McConnell told Kansas Governor Sam Brownback that Republicans were panting to enact a Koch-Kansas economic assault on America that Brownback imposed by giving the rich monumental tax breaks at the expense of the state government and residents. At the time, McConnell swooned over Brownback’s trickle-down massacre and told him “It’s exactly what we want to do here in Washington, but we can’t do it yet only controlling the House.” With control of the House and Senate, Republicans can proceed with the same reckless abandon for the government and it is probable that like Kansas, public education is in for some seriously major funding cuts.
It is beyond question that after over thirty years, the Republican "trickle down" economic experiment continues providing the same empirical data and living results of starving government of revenue, depressing economic growth, increasing debt and deficit, and retarding job creation.
Ronald Reagan has been dead for over nine years and it is time to kill his absurd notion that cutting taxes on the rich and corporations produces a balanced budget, create jobs and economic growth.
The Republicans' love affair with an anti-tax agenda goes back to before the Reagan era, and has persisted as the GOP embraced the lunacy of supply-side economics.