Trump's Tax Law Failed America
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Re: Trump's Tax Law Failed America
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."
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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%.Comment
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Re: Trump's Tax Law Failed America
You forgot to mention the corporate tax breaks are permanent, the middle-class tax breaks expire in 2026.
Odd how the GOP suddenly cares about fiscal responsibility, after racking up almost 8 trillion in debt in 4 short years. 25% of our national debt occurred during the previous administration. IDK, maybe, just maybe printing all that money had something to do with inflation.
Fuck the truth, let's just blame Brandon.
Failing to plan is planning to fail!!!Comment
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Re: Trump's Tax Law Failed America
You forgot to mention the corporate tax breaks are permanent, the middle-class tax breaks expire in 2026.
Odd how the GOP suddenly cares about fiscal responsibility, after racking up almost 8 trillion in debt in 4 short years. 25% of our national debt occurred during the previous administration. IDK, maybe, just maybe printing all that money had something to do with inflation.
Fuck the truth, let's just blame Brandon.
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Re: Trump's Tax Law Failed America
And over half of that was the result of the Democrats' shutdown of the economy during the pandemic or should I say the Dempanic. Also remember, Nancy Pelosi was the Speaker then and is the one who was pushing all the spending and all the details in the "Trump Tax Bill."
Dude just Google Trump tax cuts
I am rooting for you try it just onceComment
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