Why is the Stock Market still stagnate after so many years?
Under a lot of pressure from congress, the federal government under President Obama, lowered the interest rate to our businesses,
to make it easier to hire people and create new jobs, something done by presidents starting with President Ronald Reagan.
Started by then President Ronald Reagan and picked up again by George W. Bush, then again pushed by the Tea Party,
As seem on CNN this morning with Christine Romans, Chief business correspondent,
Monica Mehta, Managing Principal Seventh Capital Investment,
CNN News Station, “Trickle-Down Economics”
The “Trickily Down Approach,” is not working!
Businesses have been using the cheap money to invest in stocks and/or merge with others?
“No, Trickily Down”!
The benefits of tax cuts for high income earners and businesses are supposed to trickle down to everyone.
Photo by Spencer Platt/Getty Images
If trickle-down economics worked, then lower tax rates during the Reagan Revolution should have increased the lowest income levels.
In fact, the exact opposite has occurred.
Income inequality has worsened. Between 1979 and 2005,
As a result, the George Bush tax cuts were extended even for those making $250,000 or more.
Most 2012 Republican Presidential candidates also proposed some form of cutting taxes.
He also wanted to lower the corporate tax rate to induce multi-national corporations to pay more taxes in the U.S. instead of overseas.
If it is broke, why would every republican now running for president still be pushing for lowering taxes?