Surprise, surprise, $5 or $15 a paycheck is not making a big splash with voters. I bet you the millions that the billionaires are getting is making a huge splash. Senator Kennedy from Louisiana, a republican, said that the latest omnibus budget was Congress peeing down the leg of the voters. I will go one step further the only thing that’s going to trickle down from this tax cut to the average individual will be urine.
The Saint of the Republican Party, Ronald Reagan, coined the term trickle down economics. It did not work then it does not work now it will not work. Rich people keep every penny they get a tax cut they don’t spend it. They may buy a new house but it won’t make a blip in the economy. Poor and middle class individuals basically spent almost everything they get in their paycheck and when they get money it’s spent and it makes the economy grow. It’s why the Democrats always give the Republicans a great economy to ruin.