IRS data proves Trump tax cuts benefited middle, working-class Americans most (racist, borders)
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Pump the brakes. You don't print money to give tax cuts. Tax cuts is not welfare like you take from the earners to give to the non-earners or take more debt. The stimulus bills were call for if the government were closing the economy and putting mandates to stay at home which Democrats had no problem during an election and went tyrannical.
Funny, you libs call tax cuts a scam but are ok with Biden's enormous bill of power grab that is not pay for. You libs crack me up.
Pump your own brakes… the GOP said the tax cuts would, “pay for themselves.” You see, the Feds STILL have to pay for services, etc., and they use taxes to pay for them. So when we give corporations tax cuts to the tune of Trillions of dollars, we still have to pay for those services (like the military), but now have less money to do it. If you really think that the tax cuts didn't cost the US any money, perhaps you can explain how the deficit grew by 7.5 trillion under the Trump administration.
Funny how you GOPers call the Biden bill is bad because it is “not paid for,” but were okay with Trump’s tax cuts, which are still not paid for. You GOPers crack me up.
Pump your own brakes… the GOP said the tax cuts would, “pay for themselves.” You see, the Feds STILL have to pay for services, etc., and they use taxes to pay for them. So when we give corporations tax cuts to the tune of Trillions of dollars, we still have to pay for those services (like the military), but now have less money to do it. If you really think that the tax cuts didn't cost the US any money, perhaps you can explain how the deficit grew by 7.5 trillion under the Trump administration.
Funny how you GOPers call the Biden bill is bad because it is “not paid for,” but were okay with Trump’s tax cuts, which are still not paid for. You GOPers crack me up.
You again. Under the Trump tax cuts which spread the money in the economy, the government collected the highest revenues in history. The problem is the government (which Democrats control Congress after the tax cuts were passed) spends more than what comes in.
Yes, the deficit grew because a pandemic that closed the economy and put restrictions to work and under Obama the deficit doubled and crickets from you dems.
Tax cuts is not the same thing as government spending. You Democrats really are clueless. Tax cuts doesn't add to the deficit, government spending does and Democrats are bigger spenders than Republicans. If it was up Democrats, We would have to pay stimulus and health care to all illegals and that's the start of their endless x-mas list. So yes, you libs crack me up.
Not sure how this is “spread the money in the economy,” but okay.
Quote:
The Republican tax reform package that was supposed to raise wages and spur hiring has instead funded a record stock buyback and dividend spree, benefiting investors and company executives over workers.
President Donald Trump signed the bill in December last year, saying the corporate tax cut would make it favorable for companies to bring back into the U.S. cash stashed in foreign operations.
"More than 70 percent of this [tax cut] will be returned to workers," said White House Press Secretary Sarah Huckabee Sanders at a January press conference after the bill came into effect.
However, companies have instead used the extra cash to spend billions of dollars buying back their own stock, boosting the value of shares held by investors. Buybacks reduce the number of shares on the market, immediately increasing the value of the shares that investors already hold.
This thread isn’t about Obama, so not sure why you’re bringing him up. Perhaps you can somehow sneak in a “but Hillary,” while you’re at it.
Also, the Democrats never controlled Congress under the Trump Administration. If they did, Amy Cone Barrett would have never been confirmed to the Supreme Court.
And if you truly believe that tax cuts don’t add to the deficit, I honestly don’t know what to tell you. That doesn't even “crack me up,” it just makes me feel sorry for you.
Quote:
U.S. tax revenue as a proportion of GDP dropped the most out of any country in the Organisation for Economic Co-operation and Development in 2018, according to a report released Thursday.
That’s largely due to the $1.5 trillion GOP tax cut President Donald Trump signed into law in 2017.
The tax cuts dramatically altered the U.S. tax landscape for the first time in decades by permanently slashing the corporate tax rate from 35% to 21%, temporarily cutting individual tax rates and limiting state and local tax deductions, among other changes.
And if you truly believe that tax cuts don’t add to the deficit, I honestly don’t know what to tell you. That doesn't even “crack me up,” it just makes me feel sorry for you.
if you bring more revenues to the home and Mommy spends more and the credit cards bills are higher then it's not you the problem but your wife and spending control. The private sector is not the problem but government spending.
The reason I brought Obama because you Democrats only care about the deficit when a Republican is in the W.H.. I called out your concern about the deficit but it went over your head.
“As it turns out, and contrary to what Democrats are asserting, the Trump tax cuts led those with an adjusted gross income of $15,000 to $50,000 to see an average tax cut of 16 percent to 26 percent in 2018, the first filing year under Trump's tax policy.
Those making $50,000 to $100,000 saw a reduction in their tax bill of 15 percent to 17 percent. Americans earning $100,000 to 500,000 saw a tax cut between 11 percent and 13 percent. As Haskins explains in his op-ed on the data in The Hill, "by comparison, no income group with an AGI of at least $500,000 received an average tax cut exceeding 9 percent, and the average tax cut for brackets starting at $1 million was less than 6 percent."
Unfortunately we will now pay more in taxes and daily items. Thanks Brandon and your band of idiots.
Pop
“As it turns out, and contrary to what Democrats are asserting, the Trump tax cuts led those with an adjusted gross income of $15,000 to $50,000 to see an average tax cut of 16 percent to 26 percent in 2018, the first filing year under Trump's tax policy.
Those making $50,000 to $100,000 saw a reduction in their tax bill of 15 percent to 17 percent. Americans earning $100,000 to 500,000 saw a tax cut between 11 percent and 13 percent. As Haskins explains in his op-ed on the data in The Hill, "by comparison, no income group with an AGI of at least $500,000 received an average tax cut exceeding 9 percent, and the average tax cut for brackets starting at $1 million was less than 6 percent."
Unfortunately we will now pay more in taxes and daily items. Thanks Brandon and your band of idiots.
Pop
What can be said? Trump was Pro America, Pro Citizen and Legal immigrant, Pro business. The Democrats are the opposite and doing their best to wreck what was working.
Trump was right to halt travel from China in the early days of the pandemic and they called him a racist. Biden was right to halt travel from Africa with the outbreak of the variant but he was deemed a hero not a racist?
Trump tried to secure the border and make the "migrants" stay in Mexico... A better policy then open borders..
Trump wanted to MAGA for everyone. Biden is trying to Build Back Better something that wasn't broken to begin with and it is costing us Trillions !
Unbelievable.
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Trump was right once again
