Trumps Tax Cut Came Up Very Short Of Promised Benefit

[John Edgar Slow Horses]

If anyone believes Trump, he is an idiot.

 

[frigidweirdo]

Trump's tax cut put $1700 back in my pocket each year. Thanks Don!

Great... also put that much money in the pockets of Americans living abroad.

 

[Cellblock2429]

Now Kamala is copying Trump with no tax on tips... if anyone believes she will do this they are crazy... she is a ******* liar!!!

/—-/ Side Piece has no ideas of her own that she can campaign on without revealing her true agenda, so she steals Trump’s.
Tax fee tips must be polling well with in the service professions.

 

[Cellblock2429]

If anyone believes Trump, he is an idiot.

/—-/ Trump kept as many campaign promises as he could. More than any other president.
Those partially fulfilled, including cutting taxes for every American and eliminating some of Obama’s immigration policies.

Trump did implement several key promises, including installing conservative judges, levying tariffs, moving the U.S. embassy in Israel to Jerusalem, and pulling out of the Paris climate accord.

 

[Rambunctious]

People I spoke with today are liking Trump's idea to remove income tax from Social Security.... and of course the staff at the golf club loves the no tax on tips idea and they all said they think Kamala is lying when she says she wants that too...

 

[John Edgar Slow Horses]

Of course she wants it.

 

[Frankeneinstein]

At 8T smart butt. I saved a butt load, but beginning next year the middle class cuts go away.

Meaning what? the tax cuts didn't go far enough?

 

[Woodznutz]

People I spoke with today are liking Trump's idea to remove income tax from Social Security.... and of course the staff at the golf club loves the no tax on tips idea and they all said they think Kamala is lying when she says she wants that too...

Might as well. Tips are almost always underreported anyway. Regarding SS, we pay taxes on it when we pay in.

 

[John Edgar Slow Horses]

Meaning what? the tax cuts didn't go far enough?

If you make them permanent for the rich, then do so for the middle class. Yes?

 

[Frankeneinstein]

If you make them permanent for the rich, then do so for the middle class. Yes?

You're pretending you didn't get that from my post. No?

 

[Cellblock2429]

If you make them permanent for the rich, then do so for the middle class. Yes?

/—-/ Trump and the GOP tried but they needed Fem votes to make the required Super Majority.

 

[whitehall]

Corporations aren't the enemy, fascism and socialism are. The Biden/Fauci fascist Covid regulations ruined more corporations than the stock market crash. When you take some of the regulations off corporations you get a better economy and cheaper energy. You almost have to laugh that lefties would rather have a idiotic giggly president who ain't got a clue except what she reads on the teleprompter and a VP who claims that "socialism is being neighborly".

 

[Woodznutz]

At 8T smart butt. I saved a butt load, but beginning next year the middle class cuts go away.

All of Trump's tax cuts go away, even for the rich. If elected Kamala will sacrifice the middle class to get at the rich.

Speaking of the 'shrinking' middle class, where did they go? Well, some went into higher income brackets ( ), some into lower.

 

[jc456]

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.

has creepy changed it? still waiting huh? your hypocrisy is so pronounced. debate me any day cuck!!!

 

[John Edgar Slow Horses]

You're pretending you didn't get that from my post. No?

Not at all. You do not write clearly.

 

[Frankeneinstein]

Not at all.

That would mean you are admitting you got it from my post. no?

You do not write clearly.

but we're both clear on what you said, no?

 

[John Edgar Slow Horses]

You are admitting that you are wrong, yes?