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"Necessary" (lemmy.ml)

submitted 3 weeks ago by usernamesAreTricky@lemmy.ml to c/whitepeopletwitter@sh.itjust.works

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https://www.threads.net/@kamalahq/post/DBwSh-pMOIh

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[–] NikkiDimes@lemmy.world 12 points 3 weeks ago (2 children)

That graph is interesting. When was Reagan president again...?

[–] octopus_ink@lemmy.ml 10 points 3 weeks ago

When was Reagan president again…?

Nailed it.

[–] sugar_in_your_tea@sh.itjust.works 2 points 3 weeks ago

81-89. I don't think Reagan's presidency or party really explains it, because we see it rise shortly and then fall, both during Bill Clinton's presidency (93-2001). So George H.W. Bush raised taxes during his term, and then Clinton cut them again, but did so while balancing the budget (Clinton ran a surplus).

Reagan certainly slashed taxes, but so did Clinton, and to a similar degree.