Despite His Massive Tax Hike On The Middle Class, Trump's July Deficit Soars To $291 Billion

[Nostra]

Donald Trump, with the cooperation of his submissive Republican Congress, gave himself and his cronies a big tax cut.

A tax cut has to be offset by either increasing taxes on other people, borrowing, or by cutting spending.

Despite his lies, Donald Trump has not cut spending.

He has, however, massively increased taxes on the middle class by way of his import tariffs which are paid by Americans, 97 percent of whom are small businesses.

Trump and MAGAs actually brag how much money his tax hikes are costing the middle class just so the rich can afford more yachts and crypto.

Unfortunately, even with the extra revenue taken off the backs of hardworking small business owners, it wasn't enough to cover Trump and the GOP's prolific overspending.

And now they have to also borrow on top of their tax hike on the middle class. It's so darned good Trump gave himself a tax break, though, amiright?

US deficit grows to $291 billion in July despite tariff revenue surge​

​

US July budget deficit up 20% year-over-year despite record Trump tariff income​

​

Twenty.

Percent.

Deficit.

Increase.

This kind of debt is choking the bond market, and the Fed is going to have to get very creative to keep feeding Trump and the GOPs debt monster. More on that later.


.

Thread title is a lie g5000

 

[Independent thinker]

Donald Trump, with the cooperation of his submissive Republican Congress, gave himself and his cronies a big tax cut.

A tax cut has to be offset by either increasing taxes on other people, borrowing, or by cutting spending.

Despite his lies, Donald Trump has not cut spending.

He has, however, massively increased taxes on the middle class by way of his import tariffs which are paid by Americans, 97 percent of whom are small businesses.

Trump and MAGAs actually brag how much money his tax hikes are costing the middle class just so the rich can afford more yachts and crypto.

Unfortunately, even with the extra revenue taken off the backs of hardworking small business owners, it wasn't enough to cover Trump and the GOP's prolific overspending.

And now they have to also borrow on top of their tax hike on the middle class. It's so darned good Trump gave himself a tax break, though, amiright?

US deficit grows to $291 billion in July despite tariff revenue surge​

​

US July budget deficit up 20% year-over-year despite record Trump tariff income​

​

Twenty.

Percent.

Deficit.

Increase.

This kind of debt is choking the bond market, and the Fed is going to have to get very creative to keep feeding Trump and the GOPs debt monster. More on that later.


.

What a lie. There was no middle class tax hike. Which universe are you living in?

 

[Nostra]

What a lie. There was no middle class tax hike. Which universe are you living in?

Yep. g5000 ran away from his own bullshit thread of lies.

 

[OKTexas]

THREAD CLOSED, LACKS REQUIRED LINKS TO SUPPORT CLAIMS OF FACT IN THE TITLE AND OP