05/16/2018

Fmr. Bill Clinton Adviser: Country Doesn't 'Give A Damn' About Stormy Daniels, No 'Blue Wave' Coming

Jenni Fink, Independent Journal Review

A former adviser to President Bill Clinton, Dick Morris, predicted Republicans will overwhelmingly win during the midterms because Democrats are focused on issues that aren't a voting factor to most of the country. 

During an interview on “The Cats Roundtable,” Morris explained that in the 1990s when he worked for Clinton, Republicans thought they had a “gold mine” when the Monica Lewinsky scandal came out.

While Republicans only talked about impeachment and the scandal, when election time came, Democrats gained seats, which is what he predicts will happen come midterms. 

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Thanks to "bracket creep," the inflation of the 1970s pushed millions of taxpayers into higher tax brackets even though their inflation-adjusted incomes were not rising. To help offset this tax increase and also to improve incentives to work, save, and invest, President Reagan proposed sweeping tax rate reductions during the 1980s. What happened? Total tax revenues climbed by 99.4 percent during the 1980s, and the results are even more impressive when looking at what happened to personal income tax revenues. Once the economy received an unambiguous tax cut in January 1983, income tax revenues climbed dramatically, increasing by more than 54 percent by 1989 (28 percent after adjusting for inflation).

 

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