deanrd
Gold Member
- May 8, 2017
- 29,411
- 3,634
- 290
- Banned
- #1
Shocker: Democrats’ predictions about the GOP tax cut are coming true
When Republicans put together their tax bill last year, it was not much of a surprise to see that its centerpiece was a gigantic corporate tax cut, lowering the statutory corporate rate from 35 percent down to 21 percent. This cut accounted for about $1 trillion of the bill’s total $1.5 trillion cost, but Republicans said it really wasn’t about helping corporations at all.
No, the real target was the workers: Corporations would take the money and use it to create new jobs and raise the wages of those working for them, as trickle-down economics did its magical work.
Democrats, on the other hand, said it was a scam.
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This is the my favorite part:
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If you’re a Republican, you look at this news and say, “So what?” Everything’s working out great: You got your tax cut, corporations and the wealthy are swimming in money, and the next time you take control of government you’ll do it all over again. Sure, Democrats will squawk, and all their criticisms and predictions will turn out to be right. But it hasn’t stopped you in the past, and it won’t in the future.
When Republicans put together their tax bill last year, it was not much of a surprise to see that its centerpiece was a gigantic corporate tax cut, lowering the statutory corporate rate from 35 percent down to 21 percent. This cut accounted for about $1 trillion of the bill’s total $1.5 trillion cost, but Republicans said it really wasn’t about helping corporations at all.
No, the real target was the workers: Corporations would take the money and use it to create new jobs and raise the wages of those working for them, as trickle-down economics did its magical work.
Democrats, on the other hand, said it was a scam.
--------------------
This is the my favorite part:
------------------
If you’re a Republican, you look at this news and say, “So what?” Everything’s working out great: You got your tax cut, corporations and the wealthy are swimming in money, and the next time you take control of government you’ll do it all over again. Sure, Democrats will squawk, and all their criticisms and predictions will turn out to be right. But it hasn’t stopped you in the past, and it won’t in the future.