- Dec 1, 2012
- Reaction score
- Niagara Escarpment
How’d those Trump tax cuts work out for you? The deficit skyrocketed and the economy crashed.
How’d W’s tax cuts work out for you? The deficit skyrocketed and the economy crashed.
How’d Reagan’s tax cuts worked out for you? The deficit skyrocketed and the economy crashed.
Who is not learning from history bitch?
How did the tax cuts work out? Revenues to the IRS increased and unemployment dropped to historic levels especially among blacks and other minorities. Low-income workers also saw greater increases in their wages than did upper-income workers, closing the gap for the first time in modern history.
You're just being foolish in your childish attempt to ignore Communist China unleashing COVID-19 on the world. Is that being honest or do you care?
No they did not. That was the result of the OBAMA policies. Job creation for blacks and minorities SLOWED under Donald Trump, after the historic increases in black business and black hiring under Obama. Obama cut minority unemployment in half. Trump lowered it by half a point or so. Technically yes, Trump employment rates for minorities were lower than Obama's.
Obama cut the black unemployment rate from 16% in 2010, to 8.4%. That's an average decrease of 1.4% per year for 6 years. Trump decreased the black unemployment rate to 6.1 in 2019 - a total decline of 2.3% over a 3 year period for an average decrease of just under 0.8%
Even worse, when the pandemic hit, black unemployment went back up to 11.4% so any claims you might have made that at least things weren't go backwards, under Trump, is right out the window.