cross, this has been coming since the Reegan years. He lowered taxes for higher earners based on the idea that if you let them keep more of their money they'd try to earn more and that would trickle down to lower earners who'd make up the difference in tax revenue. Thanks to defence spending it failed. (Can't blame them back then. They had the Soviet Union to deal with.)
So it's not like this hadn't happened before.





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