Biden Peddles Fiction About Trump Tax Cuts in SOTU

[Dadoalex]

Move to a PROGRESSIVE country if it makes you feel any better.
Keep your hands off money that you didn't earn.
IT IS NOT YOURS!

This country has a progressive tax code.
Has been that way since 1917
It's a shame they didn't teach you that in school.
Perhaps you wouldn't look so silly so often.

 

[BS Filter]

No, 1% effective rate is not more.

1% of a million is a lot more than 1% of 50,000. Did you flunk at math?

 

[leftwinger]

so you're saying Trump was opposed to tax cuts for the wealthiest?

You are
A. A liar
B. Wholly ignorant
C. A wholly ignorant liar.

"You all just got a lot richer," Trump tells friends, referencing tax overhaul

Trump kicked off his holiday weekend at Mar-a-Lago Friday night at a dinner

www.cbsnews.com

"President Trump kicked off his holiday weekend at Mar-a-Lago Friday night at a dinner where he told friends, "You all just got a lot richer," referencing the sweeping tax overhaul he signed into law hours earlier. "

so? Stating a fact doesnt mean it was his plan. I lived it. The top bracket had no cut until Pelosi/ Schumer rammed it in the last two weeks. Again SALT whiners lit them up. These are the criminals who shut Trumps GOVT for 39 days over spending. Trump was smart to take the good. you’re a desperate little man often bragging on his wealth. If you want to pay more (you have so much?) just do it.

 

[Oddball]

It was absolutely true in both scope and content.

The Great Republican Tax Giveaway to the Rich, is the largest sum of the $34 Trillion debt. It is the main driver of the deficit, and is 100% responsible for the destruction of the middleclass that was at its strongest between 1945-1980.

The trickle down scam is done son.

There's no "giveaway" in letting me keep what I earned, Karl.

 

[Freedomisneverfree]

Biden is a senile dirt bag Liar. He will never change.

 

[BS Filter]

Biden is a senile dirt bag Liar. He will never change.

Biden's always been a liar, a racist and a plagiarist.

 

[mikegriffith1]

It was absolutely true in both scope and content.

The Great Republican Tax Giveaway to the Rich, is the largest sum of the $34 Trillion debt. It is the main driver of the deficit, and is 100% responsible for the destruction of the middleclass that was at its strongest between 1945-1980.

The trickle down scam is done son.

Umm, did you not the actual numbers in the OP? Federal revenue has gone up substantially since the tax cuts, and the rich had their income tax rates cut by only 3.5 percentage points in total, while the middle class had their income tax rates cut by nearly triple that amount, by 10 percentage points.

 

[dudmuck]

Umm, did you not the actual numbers in the OP? Federal revenue has gone up substantially since the tax cuts, and the rich had their income tax rates cut by only 3.5 percentage points in total, while the middle class had their income tax rates cut by nearly triple that amount, by 10 percentage points.

 

[mikegriffith1]

You can't be serious. It is amazing that you could fall for that phony analysis. Using dollar amounts to judge the fairness of the tax cuts is misleading and invalid. It ignores the undeniable fact that the tax cuts gave the largest rate cuts to middle-income people, not to the rich, and that under the tax cuts, middle-income people get to keep a larger share/percentage of their income than do high-income people.

Let's apply your silly logic to two people who both get a pay raise. John Doe makes $50K per year and gets a 5% pay raise, so his salary goes up by $2,500. Mary Jane makes $100K per year and gets a pay raise of 3%, so her salary goes up by $3,000. Will John Doe be so foolish and ignorant as to tell his boss that his raise is "unfair" because Mary Jane's salary is going up by $3,000 while his is going up by $2,500?

The fact that Jane's salary is going up by a larger dollar amount is merely a function of math, since 2% of $100K per year is more than 5% of $50K. Nobody in their right mind would argue that John Doe's raise was unfair.

If Joe Middle Class earns $60K per year and gets a 3% tax cut and if John Low Income earns $30K per year and gets a 5% tax cut, do you think John Low Income will claim the tax cut is unfair because he saves $1,500 but Joe Middle Class saves $1,800? No, of course not, because John Low Income is getting to keep a larger share of his income than does Joe Middle Class.

 

[mikegriffith1]

You can't be serious. It is amazing that you could fall for that phony analysis. Using dollar amounts to judge the fairness of the tax cuts is misleading and invalid. It ignores the undeniable fact that the tax cuts gave the largest rate cuts to middle-income people, not to the rich, and that under the tax cuts, middle-income people get to keep a larger share/percentage of their income than do high-income people.

Let's apply your silly logic to two people who both get a pay raise. John Doe makes $50K per year and gets a 5% pay raise, so his salary goes up by $2,500. Mary Jane makes $100K per year and gets a pay raise of 3%, so her salary goes up by $3,000. Will John Doe be so foolish and ignorant as to tell his boss that his raise is "unfair" because Mary Jane's salary is going up by $3,000 while his is going up by $2,500?

The fact that Jane's salary is going up by a larger dollar amount is merely a function of math, since 2% of $100K per year is more than 5% of $50K. Nobody in their right mind would argue that John Doe's raise was unfair.

If Joe Middle Class earns $60K per year and gets a 3% tax cut and if John Low Income earns $30K per year and gets a 5% tax cut, do you think John Low Income will claim the tax cut is unfair because he saves $1,500 but Joe Middle Class saves $1,800? No, of course not, because John Low Income is getting to keep a larger share of his income than does Joe Middle Class.

Let it be noted that no liberal in this thread has explained how the Trump tax cuts favored the rich when those tax cuts indisputably gave the largest rate cuts to the middle-income tax brackets (second, third, and fourth brackets). To put it another way, under the Trump tax cuts, middle-income people get to keep a much larger share of their income than do rich people.

One liberal used the phony, sophomoric argument that the Trump tax cuts gave rich people more money in gross dollar amounts than they gave to middle-income people, and that therefore the tax cuts favored the rich.

That's as silly as saying that $150K-per-year employee John Doe who gets a 2% pay raise is getting a better deal than $50K-per-year employee John Bond who gets a 5% raise because John Doe's salary is going up by $3,000 per year in gross dollars while John Bond's salary is "only" going up by $2,500.

Such a silly argument shows a very poor grasp of basic math. 1% of $1 million will always be more than 10% of $100K, but no person in his right mind earning $100K who got a 10% tax cut would complain that the person earning $1 million who got a 1% tax cut got the bigger tax cut.