Yeah, the people, not corporations, are still waiting on Trump's tax cut he promised.
September 12 2019
President Trump told Republican lawmakers Thursday that "sometime this year," he will announce a "substantial
tax cut for middle-income folks who work so hard."
"We are working on a tax cut for the middle-income people that is going to be very, very inspirational," the president told House Republicans at their annual retreat in Baltimore. "It's going to be something that -- I think it's what everyone's really looking for."
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Now, Trumpsters want Biden to deliver in 4 months, what their dear leader couldn't in 15?
The truth about Trump's tax cuts by the numbers, not by Biden: Andy Puzder
Andy Puzder
November 1, 2020·5 min read
Let’s look at the TCJA’s impact on the top one percent of taxpayers. In 2018, 1.6 million taxpayers reported earning $500,000 or more. While the amount all
taxpayers owed the IRS in 2018 declined by $64 billion, the amount these high earners owed increased by $16 billion.
Their share of the
tax burden also increased. They accounted for 22 percent of total income in 2018 (a 0.5 percentage point increase over 2017) but their share of total income taxes rose to 40 percent (a 2.3 percentage point increase).
BIDEN TAX HIKE WOULD ACCELERATE EXODUS FROM HIGH-TAX STATES, EXPERTS PREDICT
By the way, you read that right. About 1.6 million, or one percent of all taxpayers, bore 40 percent of the income tax burden due to the federal government.
So, as a result of the TCJA, high earners paid more taxes to the government, while everyone else paid less. They also paid a larger percentage of all taxes, while everyone else paid a smaller percentage.
[...]
So here are the results of the Trump tax cuts:
--The income tax burden for high earners increased $16 billion to 40 percent of the total owed.
--The income tax burden for middle class earners decreased by $31 billion to 13 percent of the total owed.
--The income tax burden for low wage workers decreased by $4 billion to 1 percent of the total owed.
Doesn’t sound much like a tax cut for the wealthy.
So why does Biden keep saying what he says? To quote Ronald Reagan: “It isn’t so much that liberals are ignorant. It’s just that they know so many things that aren’t so.”
Joe Biden likes to talk about 'tax cuts for the wealthy' -- here's the real story.
finance.yahoo.com
Please, no mealy-mouth whining. If you want to dispute these figures, please show your facts, source, and working link. Your other option, of course, is to admit you are lying, again!