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Unread 05-20-2024, 02:50 PM
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Trump cut taxes that mostly benefited the rich and corporations
That added greatly to the deficit.

Trump is a proven traitor and belongs in our Super Max Prison for high crimes against our nation. Not maybe, not nonsensical conspiracy theories but FACTS based on trumps own actions.
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Unread 05-21-2024, 07:46 AM
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Oops! Income data published by the IRS clearly show that on average all income brackets benefited substantially from the Republicans' tax reform law, with the biggest beneficiaries being working and middle-income filers, not the top 1 percent, as Biden and so many misleading Democrats have argued.

A careful analysis of the IRS tax data, one that includes the effects of tax credits and other reforms to the tax code, shows that filers with an adjusted gross income (AGI) of $15,000 to $50,000 enjoyed an average tax cut of 16 percent to 26 percent in 2018, the first year the Tax Cuts and Jobs Act went into effect.

Filers who earned $50,000 to $100,000 received a tax break of about 15 percent to 17 percent, and those earning $100,000 to $500,000 in adjusted gross income saw their personal income taxes cut by around 11 percent to 13 percent.

By comparison, no income group with an AGI of at least $500,000 received an average tax cut exceeding 9 percent, and the average tax cut for brackets starting at $1 million was less than 6 percent.

That means most middle-income and working-class earners enjoyed a tax cut that was at least double the size of tax cuts received by households earning $1 million or more.

What's more, IRS data shows earners in higher income brackets contributed a bigger slice of the total income tax revenue pie following the passage of the tax reform law than they had in the previous year.

In fact, every income bracket with filers earning $200,000 or more increased its tax burden in 2018 compared to 2017, and every income bracket with a top limit lower than $200,000 paid a smaller proportion of the total personal tax revenue collected.

That means that Republicans' tax reform law resulted in the tax code becoming slightly more progressive - the exact opposite of what Biden and other misleading Democrats have claimed.
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Unread 05-21-2024, 09:58 AM
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Thank goodness Joe passed the Inflation Reduction Act!
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Unread 05-21-2024, 10:12 AM
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No matter what one thinks of Trump, there is no debating that the economy was better under his administration, inflation was lower, real unemployment was lower, there was relative peace in the Middle East, we weren't involved in a foreign war, gas was cheaper and we were energy independent. If not for the Chinese curse of covid he would have won a second term and our foes around the world would have been kept in check and Biden would be at home decaying with whatever dignity he once may have had. You can be assured that the democratic media complex will pull all the stops to prevent a second Trump term which jeopardizes their place in power. They and their useful idiots are lying now and will lie even more the closer we get to November.
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