“America must make an honest appraisal: Donald Trump is a plutocrat masquerading as a populist…a pirate on a mission to plunder.” — Charles Blow, “The Great American Tax Heist,” N.Y. Times, 12.21.
Yesterday’s loathsome tax cut passage was the fourth largest in U.S. history — President Obama pushed through larger tax-cuts on 2010 and 2013, John F. Kennedy‘s tax-cut bill (passed posthumously in ’64) was bigger also, and Ronald Reagan’s 1986 corporate tax cut was also larger. And as the crash of ’87 showed, it didn’t achieve the desired result. Every single time the Republicans have cut taxes, a financial crash and economic depression have followed in fairly short order.
