this post was submitted on 30 Oct 2024
769 points (98.7% liked)

People Twitter

5168 readers
1026 users here now

People tweeting stuff. We allow tweets from anyone.

RULES:

  1. Mark NSFW content.
  2. No doxxing people.
  3. Must be a tweet or similar
  4. No bullying or international politcs
  5. Be excellent to each other.

founded 1 year ago
MODERATORS
SendMeYourTaTas@sh.itjust.works
pelespirit@sh.itjust.works
769
"Necessary" (lemmy.ml)
submitted 6 days ago by usernamesAreTricky@lemmy.ml to c/whitepeopletwitter@sh.itjust.works
100 comments fedilink hide all child comments
 

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

you are viewing a single comment's thread
view the rest of the comments
[–] sugar_in_your_tea@sh.itjust.works 2 points 5 days 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.