IRS data proves Trump tax cuts benefited middle, working-class Americans most

[Dragonlady]

hahaha sorry that’s untrue…wages went up under trump…everyone made more money…even the wealthy…that’s what happens in a strong economy

Wages went up under every President. They went up less for the working people, as a percentage of income, than they did under for the wealthy. The wealth gap increased under Trump, as did the wage gap. Even worse, all of the economic gains for working people came at the expense of the middle class, which continued to lose ground.

Donald Trump built a national debt so big (even before the pandemic) that it'll weigh down the economy for years

The national debt has risen by almost $7.8 trillion during President Trump’s time in office.

ctmirror.org

If your economy was so good, why did it collapse so utterly in the pandemic? And so quickly. None of the other first world countries are facing the economic devastation you're dealing with now.

If working Americans are doing so well under Donald Trump, why were thousands lining up for food banks before Biden's Inauguration?

If your country was so strong, why did so many get sick and die??

If your people are doing so well, why are crime rates soaring?

If your nation is so stable, why are teachers, doctors and nurses, leaving these professions by the thousands?

None of these things are happening in any other first world country. We're just sitting back watching Donald Trump lead you people into a fascist authoritarian dictatorship. And fools like you keep believing the billionaire owned Republican propaganda of FOX News, Breitbart, OAN and Newsmaxx - owners of which would be more than happy to have Donald Trump cutting their taxes until they die.

 

[Nostra]

Wages went up under every President. They went up less for the working people, as a percentage of income, than they did under for the wealthy. The wealth gap increased under Trump, as did the wage gap. Even worse, all of the economic gains for working people came at the expense of the middle class, which continued to lose ground.

Donald Trump built a national debt so big (even before the pandemic) that it'll weigh down the economy for years

The national debt has risen by almost $7.8 trillion during President Trump’s time in office.

ctmirror.org

If your economy was so good, why did it collapse so utterly in the pandemic? And so quickly. None of the other first world countries are facing the economic devastation you're dealing with now.

If working Americans are doing so well under Donald Trump, why were thousands lining up for food banks before Biden's Inauguration?

If your country was so strong, why did so many get sick and die??

If your people are doing so well, why are crime rates soaring?

If your nation is so stable, why are teachers, doctors and nurses, leaving these professions by the thousands?

None of these things are happening in any other first world country. We're just sitting back watching Donald Trump lead you people into a fascist authoritarian dictatorship. And fools like you keep believing the billionaire owned Republican propaganda of FOX News, Breitbart, OAN and Newsmaxx - owners of which would be more than happy to have Donald Trump cutting their taxes until they die.

Canada tanked in 2020, and you still have a higher Fauci Flu death rate than the USA, Dumbass.

GDP growth (annual %) - Canada​

World Bank national accounts data, and OECD National Accounts data files.
License : CC BY-4.0
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GDP growth (annual %) - Canada | Data

 

[Nostra]

Wages went up under every President. They went up less for the working people, as a percentage of income, than they did under for the wealthy. The wealth gap increased under Trump, as did the wage gap. Even worse, all of the economic gains for working people came at the expense of the middle class, which continued to lose ground.

Donald Trump built a national debt so big (even before the pandemic) that it'll weigh down the economy for years

The national debt has risen by almost $7.8 trillion during President Trump’s time in office.

ctmirror.org

If your economy was so good, why did it collapse so utterly in the pandemic? And so quickly. None of the other first world countries are facing the economic devastation you're dealing with now.

If working Americans are doing so well under Donald Trump, why were thousands lining up for food banks before Biden's Inauguration?

If your country was so strong, why did so many get sick and die??

If your people are doing so well, why are crime rates soaring?

If your nation is so stable, why are teachers, doctors and nurses, leaving these professions by the thousands?

None of these things are happening in any other first world country. We're just sitting back watching Donald Trump lead you people into a fascist authoritarian dictatorship. And fools like you keep believing the billionaire owned Republican propaganda of FOX News, Breitbart, OAN and Newsmaxx - owners of which would be more than happy to have Donald Trump cutting their taxes until they die.

If your people are doing so well, why are crime rates soaring?

Canada murder rate in 2020 hits 15-year high, pushed up by mass shooting

The murder rate in Canada last year rose to its highest level since 2005, pushed up in part by the country's worst-ever mass shooting, in which 22 people died, Statistics Canada said on Thursday.

www.reuters.com

 

[Markle]

They went up under Obama too. No one talks about it.

Wages started jumping in 2015 as unemployment went way down.

No one talks about wages increasing during the reign of failed former President Obama. Why? Because it was as you know, the slowest recovery in modern history.

 

[colfax_m]

No one talks about wages increasing during the reign of failed former President Obama. Why? Because it was as you know, the slowest recovery in modern history.

Why?

Because politics. The right wing perception of the economy doesn’t hinge on reality. It hinges on who they want to give credit or blame.

 

[Dragonlady]

Real wages are down under Veggie Joe because of his out of control inflation.

Veggie Joe is clearly a whole lot smarter than you are, FuckBoi. Veggie Joe has pulled millions out of poverty with his tax cuts. Trump put $8 million into poverty.

The ONLY reason your country isn't in WORSE shape economically than it is, is because Nancy Pelosi insisted the Covid bailout bill included cash payments to working Americans and not just money for corporations.

https://www.washingtonpost.com/news/wonk/wp/2017/05/08/35-of-37-economists-said-trump-was-wrong-the-other-two-misread-the-question/

More than 700 economists including Nobel laureates oppose Trump reelection

Over 700 economists, including several Nobel Prize laureates, have come out against President Trump’s reelection bid.”In just one term in office, Donald Trump has rendered the Unit…

thehill.com

If your people are doing so well, why are crime rates soaring?

Canada murder rate in 2020 hits 15-year high, pushed up by mass shooting

The murder rate in Canada last year rose to its highest level since 2005, pushed up in part by the country's worst-ever mass shooting, in which 22 people died, Statistics Canada said on Thursday.

www.reuters.com

Also, please note that gun violence surged in Alberta last year. Alberta is our most conservative province and the only province where the NRA has a significant impact on government policy.

Alberta’s statement on Ottawa’s gun ban illustrates how little the rule of law really matters to Conservatives - Alberta Politics

Jason Kenney marked May 1 with a message to the Conservative base complaining about Prime Minister Justin Trudeau’s decisive move in the wake of the murderous shooting rampage in Portapique, Nova Scotia, to ban 1,500 makes of military-style rifles. While a significant majority of Canadians...

albertapolitics.ca

One mass shooting caused our murder numbers to hit a record high across the entire nation. One. That's like you fools pointing to the "soaring" murder rate in Norway after one terrorist attack.

Our crime rate went down during the pandemic. It's down by 20% for the first quarter of 2021.

Police-reported crime statistics in Canada, 2020

This annual Juristat article presents findings from the 2020 Uniform Crime Reporting Survey. It examines trends in the volume and seriousness of police-reported crime for both violent and non-violent offences at the national, provincial/territorial and census metropolitan area levels. Specific...

www150.statcan.gc.ca

One mass shooting in the USA doesn't even register on the national numbers. And sadly, you've had 24 school shootings this year. Schools have only been back into session since the summer. One school shooting a week.

While Republicans are going before the Supreme Court arguing for an end to legal abortion to "save innocent lives", 100 people per day are killed in the USA through gun violence. Republicans aren't pro-life, so long as they refuse to save the lives of school children.

 

[Markle]

Why?

Because politics. The right wing perception of the economy doesn’t hinge on reality. It hinges on who they want to give credit or blame.

Cute dodge. We already know you have nothing, why not remain silent?

 

[Papageorgio]

Wages went up under every President. They went up less for the working people, as a percentage of income, than they did under for the wealthy. The wealth gap increased under Trump, as did the wage gap. Even worse, all of the economic gains for working people came at the expense of the middle class, which continued to lose ground.

Donald Trump built a national debt so big (even before the pandemic) that it'll weigh down the economy for years

The national debt has risen by almost $7.8 trillion during President Trump’s time in office.

ctmirror.org

The greatest transfer of wealth to the rich happened under the Obama Presidency. Also, wages didn't go up as fast under Obama as it did under Trump. The debt was added by every President and that is why we are in such bad shape economically. You keep adding debt and don't pay on it, it gets to be a huge burden for the people and here we are.

 

[colfax_m]

Cute dodge. We already know you have nothing, why not remain silent?

Because it’s true. Not much changed when Trump became president economically.

Yet Trump’s economy is a miracle and Obama’s was a disaster.

They ridiculed Obama because he couldn’t get GDP growth over 3%. Trump said it was going to be so much higher.

It never got over 3%.

Best economy ever? If you listen to Trump supporters it was.

 

[Papageorgio]

Veggie Joe is clearly a whole lot smarter than you are, FuckBoi. Veggie Joe has pulled millions out of poverty with his tax cuts. Trump put $8 million into poverty.

How can that be? Joe's tax cuts don't go into effect until 2022. Build Back Better would cut taxes for nearly all households next year, new report finds

It looks like we caught you lying...again.

 

[Dragonlady]

No one talks about wages increasing during the reign of failed former President Obama. Why? Because it was as you know, the slowest recovery in modern history.

Let's talk economic reality here Markle. Wages are really a "supply and demand" thing. When the supply is good, employers have their pick of workers, and workers will take anything they can get, and they will bid themselves down to get the job. Take less than they want, or truly need, because it's better than nothing.

The month that Obama was Inaugurated, the economy shed 800,000 jobs. By July, when the recession officially ended, the economy had lost 5 million jobs from the initial crash in October. People had lost their incomes, their medical insurance, and half the value of their homes. Millions went faced foreclosure and bankruptcy, and not just poor people, but people who were solidly middle class, lost everything.

People took whatever job they could find, for whatever money they could get, and companies took full advantage of these opportunities, cutting wages and benefits to employees, and using government benefits to subsidize minimum wage jobs.

When the unemployment rate got below 4%, and it was harder to find good workers, wages started to inch upward, and in the three years wages were rising once again, which is something that Trump immediately took credit for when he got into office, even thought his increases were lower than Obama's.

Trump waged a very good propaganda campaign about his "Best Economy Ever" but really all he did was take credit for Obama's entire second term, and try not to rock the boat too much. Every one of the indicators of economic strength declined under Trump - jobs created, wage increases, and the wealth gap.

The harsher truth that Republicans refuse to acknowledge is that is any fool can look good when the nation isn't facing a crisis or a war, but there is always a challenge to every Presidency which rattles the nation's economy, and it's how the government responds to that, which demonstrates the strength or weakness of that government's economic policies.

Clinton had the challenge of a new world economic order, in the wake of the collapse of the Soviet Union, and the splintering of the USSR. Clinton created an era of wealth and prosperity for the nation with a balanced budget, low unemployment, higher wages, and no wars. Unfortunately, the Republican Congress pushed through a slate of banking and securities deregulation, gutting banking regulations meant to prevent another Great Depression, and an impeached, lame duck Bill Clinton signed into law the legislation which lead to the downfall of the American economy.

W had 9/11. He cut taxes, ran up a deficit, and went to war. 7 years later the American banking system collapsed, nearly taking the world economic system down with it. That was Newt Gingerich's real Contract With America.

The impeachment of Bill Clinton had a LOT more to do with the most economically successful Democratic since WWII, than it did with illegal activities on the part of the Clinton Administration. There was only one indictment of a member of the Clinton Administration throughout the 8 years Clinton was in office.

Clinton raised taxes - and the unemployment rate went down, putting the lie to Gingerich's claims that it would kill jobs. Clinton raised the minimum wage - multiple times, and in each case the unemployment rate went down, and poverty went down, again putting the lie to Republican claims that minimum wage workers would be worse off.

Clinton was tough on illegal immigration - as was Obama, but instead of going after border jumpers, Clinton went after their employers, as did Obama. But Clinton's enforcement numbers make Obama's look pale in comparison. Both W and Trump immediately stopped prosecuting employers, and in both cases, illegal border crossing spiked immediately.

In 2019, Trump had the highest number of illegal crossing since 2001. Imagine that!

All the crap Republicans tell you about Democrats is lies. They're making it all up. Republicans are economic failures Reagan to Trump. Democrats keep saving you. Look at the 40 year numbers on unemployment, DOW, wages, poverty, wealth inequity.

 

[Dragonlady]

How can that be? Joe's tax cuts don't go into effect until 2022. Build Back Better would cut taxes for nearly all households next year, new report finds

It looks like we caught you lying...again.

Joe's tax cuts went into effect with the Child Tax credit of $300 per month, per child that families started getting last Spring as part of the Covid Relief Act. That lifted the families of 3 million children out of poverty. Since it's being paid to all families with income of up to $200,000, it's helping middle class families too.

There was also the stimulus payments in the Covid Relief Bill. For middle class families whose income wasn't disrupted in the pandemic, these monies functioned as a tax cut and increased their savings and investment.

Added to the enforced family savings during lockdowns (no movies, concerts, or sports - all money not spent), family savings has never been higher. I have more money in the bank right now than I had when I was working full time because I had nowhere to spend it, while my income was unaffected. Families are now in much better shape than they were in January when millions lined up for food bank baskets.

The Build Back Better plan will cap child care expenses at 7% of income, provide free pre-K for all kids, and lower drug prices. Just those three parts of the program, will save middle class families $11,000 per year, on average.

 

[Papageorgio]

Joe's tax cuts went into effect with the Child Tax credit of $300 per month, per child that families started getting last Spring as part of the Covid Relief Act. That lifted the families of 3 million children out of poverty. Since it's being paid to all families with income of up to $200,000, it's helping middle class families too.

There was also the stimulus payments in the Covid Relief Bill. For middle class families whose income wasn't disrupted in the pandemic, these monies functioned as a tax cut and increased their savings and investment.

It hasn't helped my daughter but hey, it's your narrative, don't let facts slow you down.

 

[Nostra]

Veggie Joe is clearly a whole lot smarter than you are, FuckBoi. Veggie Joe has pulled millions out of poverty with his tax cuts. Trump put $8 million into poverty.

The ONLY reason your country isn't in WORSE shape economically than it is, is because Nancy Pelosi insisted the Covid bailout bill included cash payments to working Americans and not just money for corporations.

https://www.washingtonpost.com/news/wonk/wp/2017/05/08/35-of-37-economists-said-trump-was-wrong-the-other-two-misread-the-question/

More than 700 economists including Nobel laureates oppose Trump reelection

Over 700 economists, including several Nobel Prize laureates, have come out against President Trump’s reelection bid.”In just one term in office, Donald Trump has rendered the Unit…

thehill.com

Also, please note that gun violence surged in Alberta last year. Alberta is our most conservative province and the only province where the NRA has a significant impact on government policy.

Alberta’s statement on Ottawa’s gun ban illustrates how little the rule of law really matters to Conservatives - Alberta Politics

Jason Kenney marked May 1 with a message to the Conservative base complaining about Prime Minister Justin Trudeau’s decisive move in the wake of the murderous shooting rampage in Portapique, Nova Scotia, to ban 1,500 makes of military-style rifles. While a significant majority of Canadians...

albertapolitics.ca

One mass shooting caused our murder numbers to hit a record high across the entire nation. One. That's like you fools pointing to the "soaring" murder rate in Norway after one terrorist attack.

Our crime rate went down during the pandemic. It's down by 20% for the first quarter of 2021.

Police-reported crime statistics in Canada, 2020

This annual Juristat article presents findings from the 2020 Uniform Crime Reporting Survey. It examines trends in the volume and seriousness of police-reported crime for both violent and non-violent offences at the national, provincial/territorial and census metropolitan area levels. Specific...

www150.statcan.gc.ca

One mass shooting in the USA doesn't even register on the national numbers. And sadly, you've had 24 school shootings this year. Schools have only been back into session since the summer. One school shooting a week.

While Republicans are going before the Supreme Court arguing for an end to legal abortion to "save innocent lives", 100 people per day are killed in the USA through gun violence. Republicans aren't pro-life, so long as they refuse to save the lives of school children.

Veggie Joe has pulled millions out of poverty with his tax cuts.

The only tax cuts Veggie Joe has proposed is in his Build Back Better plan. Tax cuts for the uber-wealthy.

That hasn't even been passed yet, Dumbass.

So, show us all a credible link to these "millions" Joe pulled out of poverty with his "tax cuts". Once again you demonstrate you are a clueless dolt and serial liar.

 

[Markle]

Let's talk economic reality here Markle. Wages are really a "supply and demand" thing. When the supply is good, employers have their pick of workers, and workers will take anything they can get, and they will bid themselves down to get the job. Take less than they want, or truly need, because it's better than nothing.

The month that Obama was Inaugurated, the economy shed 800,000 jobs. By July, when the recession officially ended, the economy had lost 5 million jobs from the initial crash in October. People had lost their incomes, their medical insurance, and half the value of their homes. Millions went faced foreclosure and bankruptcy, and not just poor people, but people who were solidly middle class, lost everything.

People took whatever job they could find, for whatever money they could get, and companies took full advantage of these opportunities, cutting wages and benefits to employees, and using government benefits to subsidize minimum wage jobs.

When the unemployment rate got below 4%, and it was harder to find good workers, wages started to inch upward, and in the three years wages were rising once again, which is something that Trump immediately took credit for when he got into office, even thought his increases were lower than Obama's.

Trump waged a very good propaganda campaign about his "Best Economy Ever" but really all he did was take credit for Obama's entire second term, and try not to rock the boat too much. Every one of the indicators of economic strength declined under Trump - jobs created, wage increases, and the wealth gap.

The harsher truth that Republicans refuse to acknowledge is that is any fool can look good when the nation isn't facing a crisis or a war, but there is always a challenge to every Presidency which rattles the nation's economy, and it's how the government responds to that, which demonstrates the strength or weakness of that government's economic policies.

Clinton had the challenge of a new world economic order, in the wake of the collapse of the Soviet Union, and the splintering of the USSR. Clinton created an era of wealth and prosperity for the nation with a balanced budget, low unemployment, higher wages, and no wars. Unfortunately, the Republican Congress pushed through a slate of banking and securities deregulation, gutting banking regulations meant to prevent another Great Depression, and an impeached, lame duck Bill Clinton signed into law the legislation which lead to the downfall of the American economy.

W had 9/11. He cut taxes, ran up a deficit, and went to war. 7 years later the American banking system collapsed, nearly taking the world economic system down with it. That was Newt Gingerich's real Contract With America.

The impeachment of Bill Clinton had a LOT more to do with the most economically successful Democratic since WWII, than it did with illegal activities on the part of the Clinton Administration. There was only one indictment of a member of the Clinton Administration throughout the 8 years Clinton was in office.

Clinton raised taxes - and the unemployment rate went down, putting the lie to Gingerich's claims that it would kill jobs. Clinton raised the minimum wage - multiple times, and in each case the unemployment rate went down, and poverty went down, again putting the lie to Republican claims that minimum wage workers would be worse off.

Clinton was tough on illegal immigration - as was Obama, but instead of going after border jumpers, Clinton went after their employers, as did Obama. But Clinton's enforcement numbers make Obama's look pale in comparison. Both W and Trump immediately stopped prosecuting employers, and in both cases, illegal border crossing spiked immediately.

In 2019, Trump had the highest number of illegal crossing since 2001. Imagine that!

All the crap Republicans tell you about Democrats is lies. They're making it all up. Republicans are economic failures Reagan to Trump. Democrats keep saving you. Look at the 40 year numbers on unemployment, DOW, wages, poverty, wealth inequity.

 

[Dragonlady]

It hasn't helped my daughter but hey, it's your narrative, don't let facts slow you down.

Perhaps you'd better ask her why she isn't the child tax benefit? Maybe she hasn't been filing income taxes, in which case there are means of applying for the money.

What "facts" would those be. You've posted a personal anecdote on the internet without proof or backup, and claim it's a "fact". "Facts" are matters of public record, not some old fart spouting off on the internet.

 

[Papageorgio]

Perhaps you'd better ask her why she isn't the child tax benefit? Maybe she hasn't been filing income taxes, in which case there are means of applying for the money.

What "facts" would those be. You've posted a personal anecdote on the internet without proof or backup, and claim it's a "fact". "Facts" are matters of public record, not some old fart spouting off on the internet.

Accusing someone you don't know about them paying or not paying taxes? Nervy.

 

[AntonToo]

At least half the country believes it. You are part of the ignorant, adolescent, indoctrinated half. When the majority of pimple faced 18 year olds think your economic approach is dope and epic, you have a problem.

Source?

If by half the country you mean rightwinger nutbags then you are full of fantastical shit, yet again.

 

[AntonToo]

The greatest transfer of wealth to the rich happened under the Obama Presidency.

Source?

 

[Papageorgio]

Source?

Obama orchestrated a massive transfer of wealth to the 1 percent

When people use the term Great Recession, they are playing into the charade laid out by Federal Reserve and the Treasury Department. The years 2008 through 2015 should be known as the Great Fleecin…

nypost.com

Obama admits 95% of income gains gone to top 1%

President Obama agrees with recent study that found the economic recovery since the financial crisis has overwhelming favored the richest Americans, with 95% of the income gains from 2009 to 20012 going to the top 1% of the earning population

money.cnn.com

Now go ahead and spin it.