Reply #45: Edit to OP [View All]

The characterization of "Reagan's rationale for tax cuts" is intentional exaggeration. Reagan had many excuses for tax cuts and the need for retributive justice against the poor for the crime of being poor was only one aspect of it.

The main reason was, of course, the "Laffer Curve", a crackpot theory that cutting taxes increases revenue, and absurdity that remains Republican orthodoxy to this day.

It came out later that nobody really believed in the Laffer Curve, and that they fully expected deficits to explode. The real thinking was that to pay off the debt we would gut all social programs.

All Bush is or has ever been is Reagan's decrepit delusions filtered through an even bigger moron.