Donald Trump

Donald_Trump_at_Aston,_PA_September_13th_(a)_Wikimedia_Commons
Image by Michael Vadon at Wikimedia Commons: https://commons.wikimedia.org/wiki/File:Donald_Trump_at_Aston,_PA_September_13th_(a).jpg

Trump’s Tax Plan Will Be Fine

The Great Depression got started with the passage of the Smoot Hawley Tariff in the United States, by the Republican Party, which immediately set off a cascade of retaliatory tariffs worldwide. This alone did not cause the Great Depression, but it did cause the initial downturn. This was followed by a long string of bad decisions in reaction to that downturn, such as Republican Herbert Hoover's 1932 tax increase which took the top income tax rate from 25% to 63%. Read More ›