The full effect of Reaganomics was felt in the mid-1990s when Slick Willy was in the White House. The big economic boom of the 1990s was partially fueled by Reaganomics.
If history is anything to go by the effects of this tax cut will not be felt until 2022 or 2024. Given present political realities, there is a probability that a Democrat will be in the White House then, and take credit for the effects of the tax cut.
Congressional Republicans should be commended for passing this tax cut and forcing President Donald J. Trump (R-New York) to sign it. For they have passed a law that may not benefit the Grand Old Party that is probably good for America.Read more