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
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
Mark, I generally agree with your assessment. But I have to admit that I am really troubled by this student loan forgiveness issue - at least without some accountability or forward change. I sit on two univ boards @Wharton and @univpugetsound, and while both have very strong loan payback rates, I believe there must be accountability for this situation. Either we reduce availability of future loans (not ideal), make colleges partly accountable for loan payback rates (so they help ensure students don’t overload on debt), or? Otherwise we are just using tax dollars to subsidize bad decisions (aka moral hazard) or help inflate the crazy cost of college. PS - I still have about $10k in student debt I am paying off from grad school…
@mcuban Presidents don’t dictate interest rates.
@mcuban It doesn’t match your pre-conceived narrative. Stop slurping leftwing media and believing everything they tell you. How did you ever become successful? Unexplained tax revenue growth vexes budget scorekeepers rollcall.com/2022/06/01/une…
@mcuban How about we do a labor backed currency, expel the Rothschilds and end all usury? Has anyone tried that?
@mcuban I got a $5K tax cut in 2018. I spent that money on nice Christmas Presents for my wife and kids, made by American companies. What did you spend your tax cut on?
@mcuban I knew I would need to use this when I read it and tucked it away this morning. I just didn’t think it would be so soon, From one of my favorite cheeky statesmen who could teach us all more than we can learn, Mr. Benjamin Franklin: