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Reduce the deficit. Creating jobs remains our top priority in the house. We believe the revenue generated from eliminating these carveouts should be used to lower rates around the board, but will lowering tax rates create a stronger american middle class, a morrow bust economy . Fans of history, facts, and Economic Data question the merits of trickle down economics. Since Ronald Reagan took office, the government has eased the tax burden on the wealthiest americans. The result of three decades of tax cutting, according to a cbo report that republicans tried desperately to kill, there is not conclusive evidence to substantiate a clear relationship between the 65year steady reduction in the top tax rates and economic growth. So what is the legacy of the last three decades . Staggering income disparity. The average Household In ....
0 factor that have been driving income inequality, there are very structural differences very important structural changes in the american economy which are also creating this income inequality, and that needs to be addressed as well. in particular, the american economy the last couple of decades due to the competition from elsewhere has increasingly been seeing lousy jobs and lovely jobs. you ve got a tiny elite of highly skilled workers who are basically taking all the gains of productivity increase sxdz you have a lot of workers who are basically doing terrible jobs and the middle have been squeezed. that, in addition to tax policy, has been driving this gap, but it s something that policy makers need to think about. we have to chip at that. the president in his state of the union proposed a federal minimum wage of $9 an hour. it s not going to pass, obviously, because republicans don t support it, but there are ways to chip at it from a policy standpoint. we can t ignore the po ....