Read the text and determine if the sentence is true (see options at the end):

That we spent -- the top 1% receive 223 as opposed to 445 billion in new spending. The top -- let's talk about my tax plan. The top 1% will pay one-third of all the federal income taxes. And in return, get one-fifth of the benefits, because most of the tax reductions go to the people at the bottom end of the economic ladder.

Sentence: Reagan's trickle down economics, as espoused in the text, have been working as detailed for decades.
Choose your answer from: [I] Yes; [II] It's impossible to say; [III] No;
[II]