Time to Get Tough, by Donald Trump: on Budget & Economy


Ronald Reagan: Supply-side economics is just common sense

Here's the really fascinating part--the part liberals remain clueless about: if the federal government really wants to "stick it" to rich folks and confiscate more of their hard-earned money to fund their insane spending sprees on counterproductive social programs then they should lower, not raise, taxes. Before President Reagan instituted the Reagan tax cuts, the richest 1 percent of Americans paid 18 percent of all federal income taxes. The top marginal rates then went from a suffocating 70 percent down to 28 percent. And what was the result? Their portion of the national tax bill actually doubled--they paid 36 percent of federal income taxes and produced 23 percent of the nation's income. As President Reagan explained, "A few economists call this principle supply-side economics. I just call it common sense."
Source: Time to Get Tough, by Donald Trump, p. 56 Dec 5, 2011

Tea Party: Tea Party made all politicians look seriously at $15T debt

The Tea Party has done a great service to the United States. They have made all politicians look seriously at what's wrong with our country, including America's $15 trillion of debt.

The media continuously bash the Tea Party. Nothing could be more unfair. The press constantly maligns, ridicules, and mocks the Tea Party folks. The fact is the Tea Party is made up of great citizens of this country. And in the end, I think the Tea Party patriots will get the last laugh because they will go down as having done more to change the country than any other group. They are terrific people, great Americans, and I am proud to have such a good relationship with them.

Source: Time to Get Tough, by Donald Trump, p.187 Dec 5, 2011

  • The above quotations are from Time to Get Tough:
    Making America #1 Again    , by Donald Trump.
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