For everyone who is upset about the upper 1% getting a HUGE tax break, here is yet ANOTHER reason to keep Joe Biden in the White House. In 2025 those tax cuts for billionaires EXPIRE, unless trump wins because he’s already told them he’ll give them an even bigger tax break. Joe Biden is going to make sure they end, and their taxes GO UP. Just another great Thing the Biden administration is preparing to do.
Fact Check: False: The Trump tax cuts benefitted the vast majority of Americans, not just corporations. "Although it kept seven income brackets, the TCJA lowered tax rates across the board and restructured bracket spans, making them more agreeable under the TCJA. Except for those who were at 10% (those making $11,000 or less) and 35% (those earning $231,251 to $578,125) tax rate levels before 2018, all income tax rates decreased when the new laws came into effect. The top individual tax rate dropped from 39.6% to 37% under the terms of the Tax Cuts and Jobs Act (single filers making $578,126 and over), the 33% bracket fell to 32% ($182,101-$231,250), the 28% bracket to 24% ($95,376-$182,100), the 25% bracket to 22% ($44,726-$95,375) and the 15% bracket to 12% ($11,001-$44,725)." finance.yahoo.com/news/trump-era…
@GrandpaDennisP Want to cut the deficit by 4 trillion reelected President Biden
@GrandpaDennisP @NewsJunkie60 Trump's 7 billion tax cuts for ONLY the wealthy cost people. It expires 2025, but GOP are set to handout more Wealthy tax cuts at OUR EXPENSE. #VoteBlue to end #CorpGreed and GOP price hikes at our expense.
@GrandpaDennisP I don't give a damn about billionaires paying more taxes when some of the money goes to funding Ukraine.
@GrandpaDennisP @socialjusticei5 While cutting Social Security and Medicare.
@GrandpaDennisP The IRS already loses $688 billion a year from uncollected taxes. That's because the GOP refuses to fund the IRS adequately.