And of course it was a portion of the population that will benefit least who put the don back on his throne. But that’s ok, he shares their morals. No vaccine against stupidity coming any time soon!
As a CPA it makes me nuts when it is assumed that Republicans don't raise taxes, and especially Ronald Reagan. He de-regulated the Savings & Loan industry, creating Jeffrey Levitt, Charles Keating and the others that ran amok for their gain. The economic fallout from that was in higher local taxes as taxpayers reimbursed those that lost their money in Savings & Loans. The Savings & Loans created for the sole purposes of facilitating the American Dream of home ownership were closed. He ALSO denied tax depreciation and deductions for second homes used as, say, beach rentals. It caused a significant crisis in home values in beach towns (like Ocean City, Md) and cost such owners significantly higher taxes without the deduction they figured on when they purchased those second homes.
Trickle down? It’s piss on the people in my book.
And of course it was a portion of the population that will benefit least who put the don back on his throne. But that’s ok, he shares their morals. No vaccine against stupidity coming any time soon!
As a CPA it makes me nuts when it is assumed that Republicans don't raise taxes, and especially Ronald Reagan. He de-regulated the Savings & Loan industry, creating Jeffrey Levitt, Charles Keating and the others that ran amok for their gain. The economic fallout from that was in higher local taxes as taxpayers reimbursed those that lost their money in Savings & Loans. The Savings & Loans created for the sole purposes of facilitating the American Dream of home ownership were closed. He ALSO denied tax depreciation and deductions for second homes used as, say, beach rentals. It caused a significant crisis in home values in beach towns (like Ocean City, Md) and cost such owners significantly higher taxes without the deduction they figured on when they purchased those second homes.