Skip to content
Search AI Powered

Latest Stories

These Charts Show Why Republicans Who Planned to Run on Trump's Tax Plan in November Are Going to Need a New Plan

These Charts Show Why Republicans Who Planned to Run on Trump's Tax Plan in November Are Going to Need a New Plan
MSNBC

Yeah, that's not gonna work.

In the 1980s, Ronald Reagan proposed an idea that giving more money to the richest of Americans would ultimately benefit the poorest. The idea , intended to sell Americans on tax breaks for the wealthy during a poor economy, became known as Reaganomics.

No one bought Reaganomics by the end of Ronald Reagan's presidency, and George H. W. Bush paid for that failure, as did the American economy. But the failure of trickle down economics didn't stop it from being recycled as a selling point by the GOP in 2017.


But do Americans believe huge tax cuts for the richest of people and corporations benefit those lower on the income scale? Polling from the recent election in Pennsylvania's 18th congressional district seems to indicate they do not.

During an appearance on Morning Joe on MSNBC, President Barack Obama's car czar, broke down the numbers. Steven Rattner, who worked restructuring the auto industry in 2009 as Counselor to the Secretary of the Treasury, is a renowned veteran Wall Street financier.

Ads touting the Republican tax cuts actually took public support away from the GOP candidate. These are numbers the GOP and President Donald Trump need to study leading up to the 2018 midterms.

Polls prior to the recent election, which saw Democrat Conor Lamb defeat Republican Rick Saccone, in a heavily red district, all indicated voter dissatisfaction with the GOP tax breaks.

The 18th congressional district is not the first district that favored Donald Trump in 2016 to flip blue. However it does seem to indicate a slight change in GOP strategy.

Early campaign ads and appearances praised the Republican tax plan, Donald Trump's signature achievement. But by the end of the Saccone campaign, no one as talking about it, including President Trump.

In his final appearance in Pennsylvania, stumping for Saccone, Trump spoke at length on his proposed tariffs, but failed to mention his former greatest achievement. Perhaps the facts that polls have been trying to convey finally sunk in.

The majority of American voters haven't forgotten Reaganomics. Trickle down theory failed in the 1980s and no one expects it to succeed now.

In addition, businesses made it clear where they will be spending their surplus money. It won't be on worker wages as the GOP claimed.

But will just not talking about their tax breaks for the wealthy help Republicans win in the 2018 midterm elections? We will see in November if a strategy of avoidance works for those members of the GOP who employ it.

More from News

Pete Docter; screenshot from "Elio"
Brianna Bryson/GA/The Hollywood Reporter via Getty Images; Disney/Pixar

Pixar Exec Hit With Backlash After Callously Explaining Why LGBTQ+ Content Was Cut From 'Elio'

The Wall Street Journal, part of a media conglomerate controlled by Fox News founder Rupert Murdoch, recently profiled Pete Docter of Pixar. The director of such hits as Monsters, Inc., Up, and Inside Out, Docter has served as the chief creative officer (CCO) at Pixar since 2018 and has won three Academy Awards for his directing.

In the article, Docter—who has emphasized how his Christian faith guides his decisions—stated:

Keep ReadingShow less
Screenshot of Kai Trump shopping
Kai Trump/YouTube

Trump's Granddaughter Sparks Backlash With Video About Dragging Secret Service With Her To Go Shopping

Kai Trump, the granddaughter of President Donald Trump, sparked backlash after she shared a tone-deaf vlog called "I Brought My Secret Service to Erewhon"—in which she goes shopping with her Secret Service detail.

Erewhon is an upscale grocery chain in the Greater Los Angeles area that has been compared to the early years of Whole Foods Market. It boasts 11 locations and prices are definitely out of reach for many Americans struggling out there in the middle of a nationwide affordability crisis.

Keep ReadingShow less
Screenshot of Donald Trump and Santiago Peña
RT

Trump Dragged After Attempting Bizarre Tug-Of-War Handshake With Paraguay's President In Viral Clip

President Donald Trump is getting dragged online after attempting a bizarre tug-of-war handshake with Paraguayan President Santiago Peña at the inaugural "Shield of the Americas" summit over the weekend

In a 16-second clip from the encounter, Trump is seen repeatedly tugging Peña’s hand during a handshake, while Peña maintains a steady grip and remains composed. The two briefly pull back and forth while smiling for cameras before releasing their hands and turning to a short conversation.

Keep ReadingShow less
Vice President JD Vance
Home of the Brave on X

2024 Video Of JD Vance Warning About Kamala Harris Sending Young Americans 'To Fight In Stupid Wars' Resurfaces

In the wake of the Trump administration's Iran strikes, Vice President JD Vance is being called out for his warnings from 2024 that voting for former Vice President Kamala Harris would lead to the U.S. entering "stupid wars" and possibly even reinstituting the draft.

In response to a post from former Georgia Republican Representative Marjorie Taylor Greene wrote criticizing White House Press Secretary Karoline Leavitt for not ruling out drafting Americans to fight in Trump's latest war, the X account "Home of the Brave," which amplifies critics of the Trump administration, shared a video of remarks Vance made during a 2024 Pennsylvania campaign event.

Keep ReadingShow less
Kristi Noem
@Jared_Poland/X

Someone Put The 'Veep' Closing Credits On Kristi Noem's Final Speech As DHS Secretary—And It's Too Good

On Thursday, March 5, MAGA Republican President Donald Trump's Homeland Security Secretary Kristi Noem was in Nashville, Tennessee, to address the Major Cities Conference.

Shortly after Trump publicly fired her on Truth Social, Noem took the podium to give her speech. CNN reported Noem learned she'd been fired before Thursday’s event began.

Keep ReadingShow less