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Reaganomics, however, is something more than a theory of managing a national economy. To the President in particular, it is something spiritual. The changes in the tax laws that he sponsored, such as the reductions of rates in all income brackets and the resulting reduction of capital gains taxes, do indeed benefit the rich far more than the poor. But when asked at his news conference this week whether the often-repeated charge that his policies boiled down to economics for the rich, the President said: “The Rich Don’t Need My Help.” “No, the rich don’t need my help, and I’m not doing things ...more
It Was All a Lie: How the Republican Party Became Donald Trump
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