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Riots in the streets and Biden wants to raise taxes, defund the Police departments and gibe amnesty to 11 million out of 21 million illegal aliens. What a winning platform that is but enough brain washed voters that have been beaten over the head with the anti Trump propaganda since 2016 will vote for him and do their part to rid the world of the evil orange man..
I wonder how much our taxes will go up when Biden starts paying out reparations to appease the mob and secure the black vote that has been slipping away from the Democrats?
Trump tax cuts put our deficit over 1 trillion. Trump took an economy which went from 11%UE to 4 down to 3.5. That was a lot of money to the 1% with no increase in wages worth mentioning.
That Trillion has created a huge stock market bubble.
It has created a credit crunch forcing the Fed to start QE back in Nov. of 2019.
Now with his really biggest failure, ignoring the pandemic, we will be hitting 5 trillion.
You can then look at what he has done which hurt.
Trade wars and tariffs.
You understand WHY Fed Gov (regardless of political party) and the Federal Reserve have to keep the stock market pumped up, no? American workers and retirees have $29.1 trillion worth of investments in their pensions, 401Ks, etc. That includes every unionized worker's/retiree's pension plan, every public employee's/retiree's (local, state, and federal) pension fund, and everyone else's IRA, 401K, etc. The stock market HAS to increase in value, or any retiree who has a pension and/or retirement account or any worker who has them will be wiped out and plunged into abject poverty in retirement.
All the democrat front runners had this position. Allows them to raise taxes on most americans and overall, give a tax cut to their key donors all under the guise of getting rid of evil orange mans policies.
Like i said Democrats full of dementia, they are nuts
Riots in the streets and Biden wants to raise taxes, defund the Police departments and gibe amnesty to 11 million out of 21 million illegal aliens. What a winning platform that is but enough brain washed voters that have been beaten over the head with the anti Trump propaganda since 2016 will vote for him and do their part to rid the world of the evil orange man..
I wonder how much our taxes will go up when Biden starts paying out reparations to appease the mob and secure the black vote that has been slipping away from the Democrats?
Amen the stupidity will never stop with the Democrat party
Plus another 49% or so. You know, the actual percentage of folks that actually have an income tax liability. You think Trump's tax cuts didn't benefit rich democrats?
Trumps tax cuts benefited 90% of americans.
Who did they hurt? High income earners for the two big powerhouse liberal states - New York and California. This is where the big money comes from in the Democrat party. The two states also have the most Billionares in the country. The SALT deduction cap ended up given people making in the 500k+ range a substantial tax increase.
The tax bill also removed exemption from some private university. Harvard being a prime example. These universities have endowments the size of a large hedge fund that were growing at ridiculous rates and not really being used for the benefit of students or researchers. Harvards first taxable bill last year was an estimated 50 million.
Repeal the Tax cuts and these two groups are by far the biggest winners while 90% of americans are the losers.
You can find analyses all over the place for the Trump tax cuts. For every one that claims that it benfits "90 %) of Americans I can find one that claims it was a tax grab for the top 1%...... and everything in between.
For example: Googling "Who did the Trump tax cuts help most"?
The first analysis that came up said this:
Quote:
On the whole, low-income families appear to have received the least savings, while high-income families saved the most. Middle-class families saw mixed results. The biggest winners from Trump’s tax cuts were probably businesses.
You can find analyses all over the place for the Trump tax cuts. For every one that claims that it benfits "90 %) of Americans I can find one that claims it was a tax grab for the top 1%...... and everything in between.
It's all about repealing the $10,000 SALT tax deduction limit to benefit Dems' donors. Repealing that $10,000 deduction limit, at a minimum, is worth tens of thousands of dollars, if not more, to blue state Dems.
Jacking up taxes and increasing the size and power of the government while reducing the rights and liberties of the people are the primary goals of all Democrats.....so there's really no reason to ask why a Democrat would want to do any of those things.
Exactly...my taxes went down maybe very slightly...not enough to help me with anything...yet the 1% saw massive reductions...they should be ended.
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