”In 1980, Republican president Ronald Reagan won the White House by promising that tax cuts would create such dramatic economic growth that Americans would be able to continue to fund popular programs despite those cuts. …the promise that tax cuts for the wealthy and corporations would pay for themselves never materialized. Instead, the national debt rose dramatically.”
—Heather Cox Richardson, August 5, 2026
https://heathercoxrichardson.substack.com/p/august-5-2026
#reagan #ronaldreagan #usa