skews13
Diamond Member
- Mar 18, 2017
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“President Trump and his congressional allies hoodwinked us,” wrote Stiglitz. “The law they passed initially lowered taxes for most Americans, but it built in automatic, stepped tax increases every two years that begin in 2021 and that by 2027 would affect nearly everyone but people at the top of the economic hierarchy. All taxpayer income groups with incomes of $75,000 and under — that’s about 65 percent of taxpayers — will face a higher tax rate in 2027 than in 2019.”
The Republicans gave themselves a retirement package on the way out.
Opinion | Republicans, Not Biden, Are About to Raise Your Taxes (Published 2020)
President Trump built in tax increases beginning in 2021, for nearly everyone but those at the very top.
www.nytimes.com
The Republicans gave themselves a retirement package on the way out.