Posted on 06/15/2019 4:38:21 PM PDT by E. Pluribus Unum
ALEXANDRIA, Va. -- South Bend Mayor Pete Buttigieg, a 2020 Democratic presidential hopeful, said the governing philosophy of Republicans such as former President Ronald Reagan, who signed across-the-board tax rate cuts to grow the economy, should not be repeated in the future.
"What we've seen is that the rising tide rose, right? GDP went up. Growth went up. Productivity went up -- big numbers went up and most of our boats didn't budge. For 90 percent of Americans, you start the clock right around the time I'm born. Income didn't move at all -- so lower to middle income, really, almost all of us," Buttigieg said during a campaign fundraiser in Alexandria, Va., on Friday.
"And what we've learned is that supply-side idea that you just cut taxes and make the rich better off and it will find its way to the rest of us is wrong and the Reagan neo-liberal era is now over," he added.
Buttigieg was not available to answer follow-up questions from reporters at the event.
(Excerpt) Read more at pjmedia.com ...
You are more ready for the presidency than Buttigieg. He simply doesn’t get it.
I hated that stagnant Reagan economy after all the Carter boom years.
Liar
Looking at the Bush tax of 2003 alone proves his lie.
In the 4 years following the givernment took in an additional $850 billion in tax revenue, as a result, which supposed to cost the givernment.
Higher salaries result in more taxation....
Rhodes Scholar? More like road apple...Bootygig,
buttnugget is just a piece of shit.
Just needed to vent.
Good for nothing butt a ‘bootygig’.....
Anyone who lived through the 80’s know Buttgig is full of Shiff.
I’m pretty sure Pete is the wife. I think he refers to his partner as his husband.
Every Democratic presidential hopeful sound just like a spam phone call YOU HAVE BEEN SELECTED TO RECEIVE .....................
Actually “neo-liberalism” is a term that you would have seen in National Review years ago, used by the Mont Pelerin Society- a group of economists like Hayek, von Mises, Milton Friedman. Neo-liberalism meant free market economics. That use can be confusing because American political liberals are a whole different animal.
“it worked great before Bush I threw it away with with a tax increase he promised he would never do, which tanked the economy by the way”
The forgotten S&L crisis of the late 80s early 90s helped tank the economy then. The culprits driving the S&L disaster were the 1982 Garn-St Germain bill and the 1986 Tax Reform Act.
Garn-St Germain opened the door to huge amounts of fraud in S&Ls, which began to show up in the late 80s.
The 1986 TRA failed to grandfather in real estate tax shelters that took years to develop, sticking investors with huge and unexpected tax bills; that also cratered a lot of real estate assets.
There’s an interesting video of a young Donald Trump testifying before Congress in regards to problems created by the 1986 TRA. That Congressional committee was obviously impressed with his ability to speak authoritatively on complex real estate tax issues.
Yep, those Austrian economist types would’ve used the term. You’re right that it could be confusing since the word “liberal” has gotten sort of flipped in the US. When I see “neo-liberal” used nowadays it’s usually by a European and usually has a negative connotation.
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