TED Talk - Nick Hanauer on Job Creation

[Rath]

SamuelRSmith said:

Rath said:

SamuelRSmith said:
Didn't both Reagan, and Bush Sr. (the "kings" of Reagonomics) increase taxes? And, I'm sure Reagan's initial tax "cuts" were just reductions in tax increases.

The top marginal income tax rate was dropped under both, severely under Reagan. He was the master of trickle-down economics.

Yeah, but tax increases occured elsewhere in the economy. Bush Sr. basically lost the 92 election because tax increases (well, one of the reasons, you also had the Perot effect, and some other issues).

Yep, they occured on the middle class basically. Reagan's policy essentially seemed to be "lower the burden on the rich, increase the burden on the rest".