Trump, in Heritage speech on taxes, vows to return to Reagan-era economic boom

[DonViejo]

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 tank’s annual President’s 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 foundation’s 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]

1. He's already told 1,500 lies

Yet I'm sure the brain dead think tank wankers ate up every syllable.

[Soxfan58]

2. Black Monday

30 years ago Thursday, How soon they forget

[democratisphere]

3. 1987. Seems like it was just yesterday. History always repeats itself,

specially when redumbliCONs are involved.

[groundloop]

4. Trickle down didn't work then and it sure the hell won't work now

[Thor_MN]

5. How dishonest do you have to be to propose trickle down? IT. DOESN'T. WORK.

[harun]

12. It works to get big donor money.

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. At least TEN MILLION laid off at the height of Reagans tinkle down disaster.......

In Kansas the aviation industry was basically shut down for years. The only thing selling?? You guessed it,biz jets selling for millions.

[BumRushDaShow]

7. There was a recession in the early '80s

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]

8. lol...reagan cut taxes, he then had to raise them back up even more than the cuts

typical conservative bullshit of 1/2 of the facts (or less)

[louis-t]

11. And he still tripled the debt of this country.

While bush merely doubled it.

[karynnj]

9. How well did those Reagan years work out for the real estate guy who bought casinos?

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]

10. I can live good too if you let me borrow a couple trillion dollars

the little guy didn't get shit just more taxes
people earned less while inflation ate their lunch

[AmandaRuth]

13. you know, and I know, and anyone with a brain knows

this is just payback to his donors. donate 100,000 get 1,000,000 back

[Marthe48]

14. My husband was laid off twice during Reagan f'n era

trickle down is not even appropriate in a russian hotel