August 10, 2018 by Chris Kite
Republicans argued that by cutting taxes for corporations and the rich, that money would flow down to the rest of us. The old trickle down rope-a-dope. It has never worked. And it never will.
As proof of this, real wages are actually dropping when compared to inflation. That means that all of the working stiffs are finding that their raises are not keeping pace with inflation. And that means that most of us are falling further behind in the ever-growing wealth gap.
To make matters worse, as most non-partisan experts predicted, the tax cuts are dramatically increasing the deficit and in turn, the national debt. Which means that at some point, we’re going to have to address the issue. That will require higher taxes on everyone.
We need to be spreading this news and we need to consider this in voting this fall. The Republican narrative has been that they are tough on our enemies and strong on the economy. But recent history suggests this simply isn’t true.
The tax cut fiasco is proof positive that Republican policies are bad for the average American and in the long run, bad for our economy.