Robert Reich Has No Time for Trump Supporter's GOP Tax Lies on CNN

Economy

President Donald Trump’s former economic adviser Stephen Moore tried to sell the lie of trickledown economics on CNN, but former labor secretary Robert Reich wasn't having it.


Moore tried to claim a Congressional Budget Office assessment proved that plans like the one Trump supports actually help the middle class.

“I will believe that when you tell me that actually workers have had a raise in real terms over the last 30 years with these big tax cuts, these big trickledown tax cuts that you’ve been advocating for all these years, Stephen Moore,” Reich responded.

But he wasn't done. After a brief back-and-forth with Moore, Reich dropped the facts on him.

“It is the middle income and poor people who actually, through their spending, create jobs," Reich said. "Businesses are not going to invest in new jobs until there are people who are purchasing, that’s one of the problems we have had through the last 25 years, that’s why the recovery have been as sluggish as it has — because the middle class and the poor don’t have any money."

Watch the discussion below.

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal
{{ post.roar_specific_data.api_data.analytics }}
@2022 - AlterNet Media Inc. All Rights Reserved. - "Poynter" fonts provided by fontsempire.com.