Trump's Tax Law Failed America

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Re: Trump's Tax Law Failed America

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Re: Trump's Tax Law Failed America

Two years ago Friday, Republicans in Congress passed a sweeping tax cut. It was supposed to be a gift-wrapped present to taxpayers and the economy. But in hindsight, it looks more like a costly lump of coal.

Passed on a party-line vote, the tax cut is the signature legislative accomplishment of President Trump's first term. He had campaigned hard for the measure, promising it would boost paychecks for working people.

"Our focus is on helping the folks who work in the mailrooms and the machine shops of America," he told supporters in the fall of 2017. "The plumbers, the carpenters, the cops, the teachers, the truck drivers, the pipe-fitters, the people that like me best."

As Growth Slows To 1.9%, The Economy Is Falling Short Of Trump's Target
ECONOMY
As Growth Slows, The Economy Is Falling Short Of Trump's Target
In fact, more than 60% of the tax savings went to people in the top 20% of the income ladder, according to the nonpartisan Tax Policy Center. The measure also slashed the corporate tax rate by 40%.

"It will be rocket fuel for our economy," Trump promised.

Boosters of the tax cut insisted the economy would grow so fast, it would more than make up for the revenue lost to lower rates.

"The tax plan will pay for itself with economic growth," Treasury Secretary Steven Mnuchin said.

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Re: Trump's Tax Law Failed America

Bidens economy - since in office inflation as high as 9% , energy prices more then double . Pretty much every aspect of the economy has been bad except employment which now layoffs are in the future .I will take Trumps economy .

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Re: Trump's Tax Law Failed America

Bidens economy - since in office inflation as high as 9% , energy prices more then double . Pretty much every aspect of the economy has been bad except employment which now layoffs are in the future .I will take Trumps economy .

Yep millions unemployed
Tax Scam for the Rich
Trillions added to the debt
Worst pandemic response in world
It was great

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Except for BSM

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More people say they’re worse off under Joe Biden than any president in 37 years.


Except for BSM

Nice deflection


Who is More people ? The MAGA Wacko Jobs ?

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Re: Trump's Tax Law Failed America

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Verne Kopytoff










Karl Merton Ferron/The Baltimore Sun/Tribune News Service via Getty Images

In this article:

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  Joe Biden
  President of the United States since 2021
  
  
  

More people say they're worse off financially under Joe Biden than any other president in the last 37 years, a poll this week found.
Nearly 4 in 10 Americans described being in worse financial shape now than when Biden took office two years ago, according to the ABC News/Washington Post poll released on Sunday. Only 16% said they're in better shape.
It's the worst showing since the pollsters first asked the question in 1986, when Ronald Regan was still president

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Re: Trump's Tax Law Failed America

That is the American people saying that

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Did not lead to more then 7% inflation rate for any of his years in office .

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Re: Trump's Tax Law Failed America

Did not lead to more then 7% inflation rate for any of his years in office .

Also President Trump's tax law brought back to the US manufacturing jobs that President Obama said were gone forever.