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They've been wrong for a very long time. They are still waiting for trickle down economic (reaganomics) to work. Its been decades and nothing close to trickle down has ever come to fruition.
Non-americans: trickle down is the idea that when we boost the profit of CEOs that money will "trickle down" to everyone else at the company. A laughable idea that has and will never work.
As the party of tax cuts for rich people, with 3 of the last 4 GOP presidents proudly cutting taxes for rich people, it has been interesting to watch the evolution of Trickle-down as the framing for these tax cuts.
Even when it was clear the money would only trickle down to yachts, the W tax cuts (biggest ever) were seen as helping main street by increasing investment. This is trickle down, without saying it.
By Trump's tax cuts, he was just saying I cut taxes. He didn't dance around phrases, he just said tax cuts for everyone and of course they weren't, but with about 18 other lies that day, people can't keep up.
The next GOP president will cut taxes for rich people. It is the only thing you can count on.
And by rich, we are talking yuge amounts of money, considering the GOP calls a family making $400k/year "middle class". Middle class isn't rich, we are talking about people who make a lot more than $400k/year.
The only people who benefit from voting red are the super rich who use their money to influence poor dumb dumbs into thinking that they too will be rich one day, despite only making under $100k/year.