George H.W. Bush

Trickle-down 'voodoo economics' is back. When will Republican voters stop buying it?

Trickle-down 'voodoo economics' is back. When will Republican voters stop buying it?

To the editor: In 1980, George H.W. Bush dubbed a plan by his Republican presidential primary opponent, Ronald Reagan, to cut taxes on the wealthy and corporations without driving up the deficit “voodoo economics.” The idea was that the increased wealth would trickle down to working stiffs, spurring growth of the entire economy.

Well, how has that worked out for you?

President Trump and congressional Republicans have just proposed cutting corporate taxes, which they acknowledge will add to the budget deficit only initially. We hear this rubbish over and over again, and Republican voters keep believing it. (“

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