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Everyone understands the wealthy get the lion's share of the benefits of the Trump tax bill. But a new analysis shows the US middle class is not No. 2, they are No. 3.
"... our analysis also shows the middle class aren’t even the next biggest beneficiaries of the Trump plan’s largesse. That privilege goes to investors from other countries, who would, as a group, enjoy $48 billion of tax cuts in 2019."
Let that sink in. We are going to borrow roughly $2 trillion of public debt and we are going to hand a big chunk of it to foreigners in other countries? How is that "America First"?
Everyone understands the wealthy get the lion's share of the benefits of the Trump tax bill. But a new analysis shows the US middle class is not No. 2, they are No. 3.
"... our analysis also shows the middle class aren’t even the next biggest beneficiaries of the Trump plan’s largesse. That privilege goes to investors from other countries, who would, as a group, enjoy $48 billion of tax cuts in 2019."
Let that sink in. We are going to borrow roughly $2 trillion of public debt and we are going to hand a big chunk of it to foreigners in other countries? How is that "America First"?
Everyone understands the wealthy get the lion's share of the benefits of the Trump tax bill. But a new analysis shows the US middle class is not No. 2, they are No. 3.
"... our analysis also shows the middle class aren’t even the next biggest beneficiaries of the Trump plan’s largesse. That privilege goes to investors from other countries, who would, as a group, enjoy $48 billion of tax cuts in 2019."
Let that sink in. We are going to borrow roughly $2 trillion of public debt and we are going to hand a big chunk of it to foreigners in other countries? How is that "America First"?
The argument that foreigners will make more money is complete utter non-sense. The reason this writer says is because we are lowering the corporate tax rate???
Lower Taxes=More Business . I own my own business and I am happy with this one. Sorry.
So much for understanding how financial markets work. This article could easily just be titled, "Lots of foreigners own stock in American companies"
This isn't "news" or "analysis" by any means, its just a weak attempt to sensationalize a pretty simple fact that really has nothing to do with anything.
Everyone understands the wealthy get the lion's share of the benefits of the Trump tax bill. But a new analysis shows the US middle class is not No. 2, they are No. 3.
"... our analysis also shows the middle class aren’t even the next biggest beneficiaries of the Trump plan’s largesse. That privilege goes to investors from other countries, who would, as a group, enjoy $48 billion of tax cuts in 2019."
Let that sink in. We are going to borrow roughly $2 trillion of public debt and we are going to hand a big chunk of it to foreigners in other countries? How is that "America First"?
Everyone understands the wealthy get the lion's share of the benefits of the Trump tax bill. But a new analysis shows the US middle class is not No. 2, they are No. 3.
"... our analysis also shows the middle class aren’t even the next biggest beneficiaries of the Trump plan’s largesse. That privilege goes to investors from other countries, who would, as a group, enjoy $48 billion of tax cuts in 2019."
Let that sink in. We are going to borrow roughly $2 trillion of public debt and we are going to hand a big chunk of it to foreigners in other countries? How is that "America First"?
It doesn't make it any less problematic when Republicans double-down on it.
Its called sarcasm. We should make American companies as profitable and successful as possible. I don't care who is investing in them, if they are American based, its in our long term interest for them to do better, and its hopefully an incentive for some folks to push harder or to prioritize their own savings and investments so they too can benefit.
So much for understanding how financial markets work. This article could easily just be titled, "Lots of foreigners own stock in American companies"
This isn't "news" or "analysis" by any means, its just a weak attempt to sensationalize a pretty simple fact that really has nothing to do with anything.
It has a lot to do with things. If a large share of corporate tax savings are paid out to foreign shareholders, how do you not see that as relevant?
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