colfax_m
Diamond Member
- Nov 18, 2019
- 38,988
- 14,843
Unemployment was falling and wages were rising well before the tax cut. There was no discernible difference after the tax cut was passed.Wrong. The tax cuts didn't do anything except pay off the donor class.
The 2017 Tax Cuts Didn't Work, The Data Prove It
Column: A devastating analysis of the tax cut shows itās done virtually no economic good
Fishy, Trump lies. He lies easier than that obese blog breathes. He's lying to you.
Elizabeth Warren vs Donald Trump: Whose 2020 rallies draw the biggest crowds?
the tax cuts for small businesses and corporations are part of the reason for the low UE rate and the growth in the stock market. and yes, a 5% across the board tax cut saves more for a guy making 20 million than for a guy making 50 thousand. So what? and its also true that tax cuts have no affect on someone who is paying zero taxes (50% of america). again, so fricken what?
You didn't bother to read any of the links did you? The tax cuts did NOTHING.
The independent, non-partisan Congressional Research Service just released a report showing that the 2017 tax cuts for the richest Americans and corporations did not work. This confirms what anybody who has been looking at the data already knew. Investment did not boom and workers will not see the promised bump in pay . Instead, the federal government incurred massive deficits while wealth inequality increased to its highest level in three decades.
Tell us when and where Warren has ever had a crowd of 30,000 or more, give us the place and date and proof of the headcount.
Trump doesn't get that many people. He lies.
List of rallies for the 2016 Donald Trump presidential campaign - Wikipedia
so the current UE rates are faked? the DOW is faked? the wage report is faked? your 401K balance is faked?
you are a victim of the lying media.
as to Trump rallys, All you need to do is watch one, the cameras capture the crowds, or are the cameras lying too?
Yes, the stock market went up but most of the gains were well before the tax cut too. In fact, since Jan 2017, the Dow is up like 3%ish per year. Furthermore, the benefits of a climbing market are very unevenly distributed. Half the country has no money in the market and those that do, almost 90% is owned by the top 10% of the country by wealth.
Just thought Iād introduce some facts.
the tax cuts benefitted me and everyone I know. If you missed out, sorry.
and Yes, rich people have lots of money, that's what rich means.
I know they benefitted every tax payer. For most, the benefit was about a 1% increase in take home pay. For higher earners, it was closer to 3-4% increase.
I also know that the deficit doubled as a result and the gains in corporate investment and GDP growth that were promised never materialized.