Neither Biden nor Trump has majority support. Trump is the only president on record who never had majority support during his term.Nobody likes him. Not even Democrats.
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Neither Biden nor Trump has majority support. Trump is the only president on record who never had majority support during his term.Nobody likes him. Not even Democrats.
We don't have the money because of Republican tax cuts for the rich.B.S the spending is the issue, spending money we don't have.
During President Carter's last year in office in 1980, the national debt as a percentage of gross domestic spending (GDP) was 32%. After Reagan cut the top tax rate from 70% to 28% this had grown to 50%.AI and photoshop is all over the internet. Nothing new there.
Funny how you dont mention Republican tax cuts for the middle class and lower. (which were more than the top bracket)
Funny also how Biden's Tax on the rich (37%) is no different than Trump's, so how "Republican" is that 37%, really ?
And Biden's 37% rich tax is a lot lower than these Republicans' tax on the rich, so you can climb down from that high horse now.
Eisenhower - 92%
Nixon - 70%
Ford - 70%
Reagan - 50% (most of his years)
Also, I suppose you know that recessions have a major impact on national debt growth, right ? Well, Trump had 1. Obama had 7, and Biden has had 3 (so far).
Now let's talk about the debt.
Obama's years were 2009-2016. The debt rose $7,663 Billion.
With Trump, I exclude 2020, because that was the pandemic, which was not his doing. It came from & was maintained by Democrats..
So in Trump's Years of 2017 - 2019, the debt rose $2,474. (less than 1/3 of the increase of Obama.
Being a former economics teacher, I would be remiss to not mention that debt alone is an incomplete measure. A more complete examination comes from debt/GDP (debt to GDP ratio). With that Obama has a 23% increase. Trump 3%. What does David Stockman have to say about that ?
US National Debt by Year
The U.S. national debt was over $31 trillion in 2022. In 1930, it was just $16 billion. The biggest impacts have been defense spending, recessions, and recently, the pandemic.www.thebalancemoney.com
Nope. Trump's is 2%. Biden 60%.Except no cognitive decline to the extent of Trump’s.
#DEMENTIADON
We are not on Republican tax cuts for the rich. We are on Democrat tax cuts for the rich. Biden's 37%.We don't have the money because of Republican tax cuts for the rich.
FALSE! Democrats who have kept the top tax rate low as much as Republicans, if not more so.Because Republicans have kept the top tax rate low the national debt as a percentage of GDP rose to 129% during the last full year of Trump's presidency.
US National Debt by Year
The U.S. national debt was over $31 trillion in 2022. In 1930, it was just $16 billion. The biggest impacts have been defense spending, recessions, and recently, the pandemic.www.thebalancemoney.com
The only Democrat president who ever lowered the top tax rate was Lyndon Johnson.FALSE! Democrats who have kept the top tax rate low as much as Republicans, if not more so.
- Clinton - 39.6%
- Obama - 35%
- Biden 37%
- Eisenhower - 91-92%
- Nixon - 70%
- Ford - 70%
- Reagan - 50% (most of his years)>>
And where do you derive this "majority support" notion from ?Neither Biden nor Trump has majority support. Trump is the only president on record who never had majority support during his term.
I thought Democrats were supposed to be the ones to RAISE the top tax rate (like in Biden's 2020 promises, which he didnt keep).The only Democrat president who ever lowered the top tax rate was Lyndon Johnson.
But there is one who KEPT a lowered tax rate, and didn't restore the higher rate(s), despite promising to do that >> Joe Biden.The only Democrat president who ever lowered the top tax rate was Lyndon Johnson.
FALSE! Democrats who have kept the top tax rate low as much as Republicans, if not more so.
- Clinton - 39.6%
- Obama - 35%
- Biden 37%
- Eisenhower - 91-92%
- Nixon - 70%
- Ford - 70%
- Reagan - 50% (most of his years)>>
MARCH 11, 2024But there is one who KEPT a lowered tax rate, and didn't restore the higher rate(s), despite promising to do that >> Joe Biden.
#MAGALIES
But there is one who KEPT a lowered tax rate, and didn't restore the higher rate(s), despite promising to do that >> Joe Biden.
There are many corporations that are not large or rich.MARCH 11, 2024
FACT SHEET: The President’s Budget Cuts Taxes for Working Families and Makes Big Corporations and the Wealthy Pay Their Fair Share
Since taking office, President Biden has fought to build a fairer tax system that rewards work, not wealth; asks the wealthiest Americans and largest corporations to pay their fair share; and requires all Americans to play by the same rules and pay the taxes they owe. He has already secured historic legislation to make our tax code fairer, from enacting a corporate minimum tax so that billion-dollar companies can’t get away with paying $0 in Federal income taxes to giving the Internal Revenue Service (IRS) the tools it needs to make wealthy tax cheats pay the taxes they owe.
FACT SHEET: The President’s Budget Cuts Taxes for Working Families and Makes Big Corporations and the Wealthy Pay Their Fair Share | The White House
Since taking office, President Biden has fought to build a fairer tax system that rewards work, not wealth; asks the wealthiest Americans and largest corporations to pay their fair share; and requires all Americans to play by the same rules and pay the taxes they owe. He has already secured...www.whitehouse.gov
Everybody knows Biden is the one with the significant cognitive problem. Bury your credibility if you choose to. Not my problem.#MAGALIES
if you do not spend more than you take in no problem!We don't have the money because of Republican tax cuts for the rich.
Other than cancelling more oil drilling, thereby doubling gas prices, thereby triggering the worst overall inflation in US history.
The dude is a MENACE.
During President Carter's last year in office in 1980, the national debt as a percentage of gross domestic spending (GDP) was 32%. After Reagan cut the top tax rate from 70% to 28% this had grown to 50%.
Because Republicans have kept the top tax rate low the national debt as a percentage of GDP rose to 129% during the last full year of Trump's presidency. By 2022 that had declined to 123%.
US National Debt by Year
The U.S. national debt was over $31 trillion in 2022. In 1930, it was just $16 billion. The biggest impacts have been defense spending, recessions, and recently, the pandemic.www.thebalancemoney.com
I certainly hope you're right, but what makes you so sure?2020 was Trump's last year in office.