Like Trump has used Tax Cuts for folks like you and me ?
Like Trump has used Tax Cuts for folks like you and me ?
@mcuban Trump tax cuts were for everyone, not just the entitled brats. -$15K to $50K got tax cuts of 16% to 26% in 2018 -$51K to $100K→15% to 17%
Now do corporate. Whether the cuts paid for themselves. The wage growth he said would happen after the cuts, but didn’t. The greater disparity in incomes when hardly any of the corporate tax cuts went to workers. When combined with zero interest rates he demanded, what path towards inflation did they create ? Add to that the PPP paid to people who didn’t deserve it (I refused to take it for my companies ). His refusal to raise any taxes or create revenue sources when the pandemic hit. His ego tariffs that cost everyone money and almost killed farmers till he bought their votes with subsidies. His slow response to the pandemic , saying that testing only made the numbers go up. The fact that the tax cuts of those making under 60k expire next year. Biden is far from perfect. This isn’t about that. This is the hypocrisy of the point that trump was not trying to buy votes any way he could, like Biden is now. Biden is just smarter about how he is doing it
What a load of bunk! The rich made out like bandits! Households with incomes in the top 1% will receive an average tax cut of more than $60,000 in 2025, compared to an average tax cut of less than $500 for households in the bottom 60%, according to the Tax Policy Center (TPC). As a share of after-tax income, tax cuts at the top — for both households in the top 1% and the top 5% — are more than triple the total value of the tax cuts received for people with incomes in the bottom 60%.
@ICU1010 @mcuban "...We would have had a balanced budget by now, if not for Biden‘s multi $Trillion spending programs." x.com/DavidAsmanfox/…
@ICU1010 @mcuban "...We would have had a balanced budget by now, if not for Biden‘s multi $Trillion spending programs." x.com/DavidAsmanfox/…
Liar. "The law's expiring provisions included some provisions affecting families with low and moderate incomes, but often in offsetting ways. For example, the law lowered statutory tax rates at all income levels, nearly doubled the size of the standard deduction from $13,000 to $24,000 for a married couples in 2018, and doubled the size of the Child Tax Credit for many families. Yet other provisions raised taxes on families, such as the elimination of personal exemptions and the new, permanent inflation adjustment for key tax parameters. The end result of these offsetting changes is only modest tax cuts for most families, which pale in comparison to the law's large net tax cuts for the wealthy." Also, "In 2018, the first year the law was in effect, the top 5 percent of households received 40 percent of the individual tax cuts, and more than half of the law's other tax cuts, which were primarily corporate tax cuts. These corporate tax cut are even more concentrated at the very top, with the top 1 percent receiving 36.2 percent of the corporate provisions compared to 16.8 percent of the expiring individual provisions." cbpp.org/research/feder…