The following article by Nicole Lewis was posted on the Washington Post website November 8, 2017:
White House press secretary Sarah Huckabee Sanders argued that Democrats have often historically stood in the way of big changes in the tax code. (Reuters)
“While arguing over President Reagan’s 1981 tax cuts, Democrats claimed it would only benefit the rich. The Democrat speaker of the House at the time, Tip O’Neill, called them royal tax cuts, because he claimed they favored the wealthiest Americans. What really happened was more than 14 million new jobs were created over five years; incomes grew by over 22 percent for the next seven years; and the economy grew by over 3.5 percent, on average, for the rest of the decade.”
— White House press secretary Sarah Huckabee Sanders, during a press briefing, Oct. 31
On Nov. 3, House Republicans unveiled a tax plan that aims to cut taxes on corporations and individuals. During a press briefing on Oct. 31, White House press secretary Sarah Huckabee Sanders preempted Democrats’ criticism of the plan as a giveaway to the rich, claiming that Democrats also criticized the first round of Reagan-era tax cuts back in 1981 on the same ground. Yet ultimately, according to Sanders, the cuts were a boon for the economy, creating millions of jobs and boosting incomes. Continue reading “Did Ronald Reagan’s 1981 tax cut supercharge the economy?”