They’re still lying about Ronald Reagan: What Trump, Cruz and the GOP field won’t tell you about Reaganomics

They’re still lying about Ronald Reagan: What Trump, Cruz and the GOP field won’t tell you about Reaganomics

"After the Republican darling cut taxes in 1981, a budget deficit ballooned, and Reagan ended up signing “probably the largest peacetime tax increase in American history.” Ronald Reagan is quite the opposite of a boon for the low-tax, low-regulation argument: he was actually responsible for a historically large tax increase. The historical evidence is clear, and with economists actively warning against the Republican economic plans that “deny fiscal reality,” “benefit the wealthiest Americans” and “ensure that the top 1 percent comes out way ahead,” there is absolutely no reason for Americans to be caught in a debate over which Party has the better economic policy. The Republican laissez-faire, supply-side economic agenda doesn’t work.  Even though we know this, even though the truth is plain, America is caught, cycling itself through one grand, pointless economic loop. Thanks to the Republicans, this country looks an awful lot like it’s been transported back 95 years."