Inflation Reduction Act

America’s failed 50 year experiment with Reganomics, Austerity, Supply-Side Economics has failed to keep America Great when it comes to Infrastructure, R&D, and proactive leadership. Two new bills passed into Law by Congress this year provide an opportunity to counteract that trend. When America was “Great” in 1958, the highest individual tax bracket was 91%, for corporations it was 52%. There was confidence in the power of the Federal Government to address big issues. Nowdays we cut taxes expecting results, corporations down to 21% (or less) and expect big business will solve our big problems. Corporate profits are at 70 year highs. How has that worked for citizens and main street America?