Trumps Tax Cut Came Up Very Short Of Promised Benefit

[Woodznutz]

Of course not.

Republicans are incapable of sound, responsible governance.

Neither party can herd cats.

 

[Cellblock2429]

Do you even know how to calculate your taxes? Mine went down significantly with the Trump tax cut and I am certainly a middle class earner.
I bet you don't even pay taxes do you mooch?

/-----/ No, skewes only knows how to parrot propaganda from left-wing sources. I doubt he even pays income taxes.

 

[Independentthinker]

When Donald Trump came into office, he did so in an election that also gave Republicans a four-seat edge in the Senate and a whopping 47-seat advantage in the House. For two years, Republicans had nearly free rein to do whatever they wanted, and what they wanted was a massive tax cut for wealthy Americans and corporations.

Former Speaker of the House Paul Ryan sold the package as a “middle-class tax cut,” but the truth was the bill got rid of medical deductions used by millions of lower-income Americans to make room for massive corporate tax breaks. Ryan and other Republicans predicted that the tax cut would more than pay for itself, generating $1 trillion in economic growth. Trump called it “rocket fuel” for the economy.

The so-called “Tax Cuts and Jobs Act” passed with only Republican votes in the House and Senate, and almost from the beginning, it was clear that the bill was not what they had claimed. More than 60% of the savings went to people at the top of the income ladder. Revenues fell even more than the Congressional Budget Office had predicted before the law passed. Republicans behind the bill were forced to admit that it might never pay off, and Ryan was left bragging about a school secretary who was “pleasantly surprised” by a $1.50 weekly raise.

And now, after six years, the National Bureau of Economic Research has completed the most detailed, in-depth analysis of the results of the Trump tax cut. And what the nonprofit found was what seemed obvious before the bill was passed: It may have stimulated some corporate growth, but it ballooned the debt while producing a fraction of predicted benefits.

Trump’s tax cut came up very short of promised benefits

When Donald Trump came into office, he did so in an election that also gave Republicans a four-seat edge in the Senate and a whopping 47-seat advantage in the House. For two years, Republicans had ...

www.dailykos.com

There is no benefit. Imagine that.

LOL. So, now you are admitting that it was a benefit, just not as big of a benefit as Trump advertised. Baby steps.

 

[Tumblin Tumbleweed]

When Donald Trump came into office, he did so in an election that also gave Republicans a four-seat edge in the Senate and a whopping 47-seat advantage in the House. For two years, Republicans had nearly free rein to do whatever they wanted, and what they wanted was a massive tax cut for wealthy Americans and corporations.

Former Speaker of the House Paul Ryan sold the package as a “middle-class tax cut,” but the truth was the bill got rid of medical deductions used by millions of lower-income Americans to make room for massive corporate tax breaks. Ryan and other Republicans predicted that the tax cut would more than pay for itself, generating $1 trillion in economic growth. Trump called it “rocket fuel” for the economy.

The so-called “Tax Cuts and Jobs Act” passed with only Republican votes in the House and Senate, and almost from the beginning, it was clear that the bill was not what they had claimed. More than 60% of the savings went to people at the top of the income ladder. Revenues fell even more than the Congressional Budget Office had predicted before the law passed. Republicans behind the bill were forced to admit that it might never pay off, and Ryan was left bragging about a school secretary who was “pleasantly surprised” by a $1.50 weekly raise.

And now, after six years, the National Bureau of Economic Research has completed the most detailed, in-depth analysis of the results of the Trump tax cut. And what the nonprofit found was what seemed obvious before the bill was passed: It may have stimulated some corporate growth, but it ballooned the debt while producing a fraction of predicted benefits.

Trump’s tax cut came up very short of promised benefits

When Donald Trump came into office, he did so in an election that also gave Republicans a four-seat edge in the Senate and a whopping 47-seat advantage in the House. For two years, Republicans had ...

www.dailykos.com

There is no benefit. Imagine that.

Yep. The orange bag of shit was a terrible *pResident.

 

[jbrownson0831]

You're a liar.

Nope, I work for a living and know very well what my tax bill is every year.
But somebody at SNAP takes care of your no taxes right skrewey?

 

[jbrownson0831]

Did you miss the part where Republicans admitted it didn't work?

Damn. You are a bigger idiot than I thought.

And we all know your low rent ass didn't get any benefit from it.

Poor skrewey....don't worry, Haley will get a talking head gig on one of the Dimtard shows you can see her there.

 

[leftwinger]

The Uber wealthy and average real Americans cannot win at the same ti.e.

quit breeding 10 children from 5 different fathers when you have no husband and never worked a day in your life.

 

[justoffal]

When Donald Trump came into office, he did so in an election that also gave Republicans a four-seat edge in the Senate and a whopping 47-seat advantage in the House. For two years, Republicans had nearly free rein to do whatever they wanted, and what they wanted was a massive tax cut for wealthy Americans and corporations.

Former Speaker of the House Paul Ryan sold the package as a “middle-class tax cut,” but the truth was the bill got rid of medical deductions used by millions of lower-income Americans to make room for massive corporate tax breaks. Ryan and other Republicans predicted that the tax cut would more than pay for itself, generating $1 trillion in economic growth. Trump called it “rocket fuel” for the economy.

The so-called “Tax Cuts and Jobs Act” passed with only Republican votes in the House and Senate, and almost from the beginning, it was clear that the bill was not what they had claimed. More than 60% of the savings went to people at the top of the income ladder. Revenues fell even more than the Congressional Budget Office had predicted before the law passed. Republicans behind the bill were forced to admit that it might never pay off, and Ryan was left bragging about a school secretary who was “pleasantly surprised” by a $1.50 weekly raise.

And now, after six years, the National Bureau of Economic Research has completed the most detailed, in-depth analysis of the results of the Trump tax cut. And what the nonprofit found was what seemed obvious before the bill was passed: It may have stimulated some corporate growth, but it ballooned the debt while producing a fraction of predicted benefits.

Trump’s tax cut came up very short of promised benefits

When Donald Trump came into office, he did so in an election that also gave Republicans a four-seat edge in the Senate and a whopping 47-seat advantage in the House. For two years, Republicans had ...

www.dailykos.com

There is no benefit. Imagine that.

You mean there's no benefit for the Marxist state. There is indeed benefit to the individual tax payer. Not something that the Marxist mindset is willing to accept.

 

[justoffal]

Poor skrewey....don't worry, Haley will get a talking head gig on one of the Dimtard shows you can see her there.

He wants to jump her....I can smell it.

 

[jbrownson0831]

He wants to jump her....I can smell it.

That smell is sheer desperation from all the Dims at this point.
And Knucklehead Joe with his State of the Union still to come.....