Tax Cuts Always Precede Economic Booms For a Reason

With healthcare left in the scrap pile following a failure to bring Graham-Cassidy to a vote, the Trump administration has announced it will now be refocusing its efforts on passing serious tax reform. Naturally, this prompted leftist social media pages to spread their usual misinformation on the topic.

Liberals love to tout the idea that the economic booms in the 80s and 90s had little to do with Ronald Reagan’s historic tax cuts, and more to do with the technology being produced at the time. They seem to forget that this technological renaissance was allowed to occur precisely because the wealthiest Americans were no longer being forced to shell out 90 percent of their income to the federal government.

Contrary to popular belief, Republicans have not been the only ones to figure this formula out. John F. Kennedy, a Democrat, also cut taxes during his administration, which allowed the middle class to grow as a result of having more disposable income.

Cutting taxes has worked for America before, and it will work again if Republican lawmakers can get their act together and put forth serious legislation for the president to sign.

~ Facts Not Memes

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