Reagan initially cut taxes for all, but later increased taxes on the wealthy. W. Bush cut more taxes, especially for the rich. This moved 20% of the wealth in this country from the lower and middle classes to the wealthy. As a result the middle class, which drives the economy by consuming goods, does not have the money to be consumers. The rich don't spend the money so the economy has failed. Putting money back in the hands of more people will allow consumers to buy goods again, thus stimulating the economy. I also think that taxing corporations will induce them to spend the money by creating jobs. This will also drive up tax revenue, which will help reduce the deficit and help payoff the National Debt. In addition, corporations moved jobs overseas and did not create jobs here.



