Big Kahuna

Bribemnomics is a complete failure as is the whole woke marxist dem party. His policies have destroyed a great economy, pure and simple. Joe is a simpleton like his Bribemnomics.

Big Kahuna

Trumps words have proven to be mostly truthful, the words of demorats are almost entirely lies and half-truths. About the only truth coming out of the dem party is that slo joe is in deep trouble in the polls, and he is worried about losing to Trump. He is having to be propped up by Ovommit and Rapist Bill who have to do Joe's campaigning, talking, walking, thinking and lying for him. Biden is held in contempt for the same reasons ovommit and Clinton are held in contempt, they are lying snakes with forked tongues and failed policies that hurt Americans.

nwtk2007 Loc: Texas

Tax cuts for everyone, especially corporate tax cuts!!

DASHY

Advocates of tax cuts argue that reducing taxes improves the economy by boosting spending. Those who oppose cuts say they only help the rich and reduce the government services on which lower-income individuals rely. Regardless of opinion, tax cuts reduce government revenues and lead to budget deficits or growth in government debt.

History suggests that lowering taxes leads to capitalists getting more take-home money. How do you see how lowering corporate taxes can lead to lowering the price of necessities?

DASHY

The most truthful words from Criminal Trump occurs when he lavishes praise on authoritarian leaders, including Chinese President Xi Jinping, Russian President Vladimir Putin, Turkish President Recep Tayyip Erdoğan and North Korean strongman Kim Jong-un. Other than that his words are mostly lies.

nwtk2007 Loc: Texas

The Trump tax cuts increased tax revenue all the way thru 2022. Look it up.

DASHY

Here is what the Center on Budget Policy Priorities has to say about the 2017 Trump Tax Law.

https://www.cbpp.org/research/federal-tax/the-2017-trump-tax-law-was-skewed-to-the-rich-expensive-and-failed-to-deliver

America 1 Loc: South Miami

We have gone over this subject time and time again.
The revenues increased under Trump.
Your cpbb site is a BS progressive, liberal, and left-leaning source.

Big Kahuna

With tax revenue cuts, tax revenue spending should decrease also. This is a win/ win unless the dems print ⁸more money for their millions of left wing social programs which end up mostly being failures and making problems worse. Dems create a problem, announce that big daddy government can solve the problem, and then tax us to death to solve the problem they created. The dems are the party of scammers.

DASHY

An explosive increase in the National Debt also occurred under Trump.

The financial burden that he’s inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt. The national debt has risen by almost $7.8 trillion during Trump’s time in office.

Big Kahuna

Actually it was the dem party which had the majority in both the Senate and House that raised our national debt. Trump had no option but to sign this demorat inflationary bill or the dems said they would shut the government down.

America 1 Loc: South Miami

COVID19.

DASHY

Poor Dimwit Donny had nowhere to turn. He thought his Tax Cut policy would save his fat ass.

America 1 Loc: South Miami

A poor dimwit claims Trump tax cuts didn't benefit the average family.
And, claims he is an accountant.

The Trump Tax Cuts Were Not ‘Tax Cuts for the Rich

The most significant benefits accrued to working- and middle-class filers.

Batya Ungar-Sargon makes important points in her op-ed “Democrats Are the Party of the Overclass” (Sept. 1). But at the end of her article, she writes, “Democrats typically ask: What about Republicans handouts to the rich? What about the Trump tax cuts? They have a point about the other side, but it’s not much of a defense.”

IRS data reveal that all income brackets benefited as a result of the Trump tax reforms, with the most significant benefits accruing to working- and middle-class filers, not to the wealthiest, as media and Democrats have ceaselessly claimed.
https://www.wsj.com/articles/trump-tax-cuts-working-middle-class-rich-wealthy-11663018174

IRS data proves Trump tax cuts benefited middle, working-class Americans most
President Biden and congressional Democrats’ Build Back Better (BBB) Act is now in the hands of the Senate. That legislative body’s 50-50 partisan split will undoubtedly make the bill’s passage difficult.

In order for BBB to become law, Democratic Senate leadership will need to convince moderates such as Sens. Kyrsten Sinema (D-Ariz.) and Joe Manchin (D-W.Va.) that the legislation’s $2.4 trillion price tag can be offset by expanding the IRS and its enforcement efforts while imposing substantial tax reform measures.

Congressional Democrats have argued that one of the best ways to pay for the legislation is to raise taxes on wealthy households, which, according to many on the left, have benefited disproportionately and unfairly from the 2017 tax reform law passed by Republicans and signed by former President Trump. The latest data, however, proves that this claim is pure mythology.

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 so many 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 Republicans’ Tax Cuts and Jobs Act went into effect and the most recent year for which data is available.

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. (For more detailed data, see my table published here.)

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 Democrats have claimed over the past four years.

The IRS data further shows that the tax reform law — which included a variety of business tax cuts, including a large reduction in the corporate income tax rate — spurred economic mobility.

Every income bracket with a top level lower than $25,000 experienced a reduction in its number of filers, and every income bracket above $25,000 increased in size, with the biggest gains occurring in the brackets with a floor of at least $100,000.

The fact is, Republicans’ 2017 tax reform law did exactly what was promised: It lowered taxes for all income groups, provided the greatest benefits for middle-income households, and spurred economic growth that helped reduce poverty and improve prosperity.

It would be a grave mistake for Democrats to eliminate key parts of this important legislation.

Justin Haskins (Jhaskins@heartland.org) is director of the Socialism Research Center at The Heartland Institute and the co-author, with Glenn Beck, of the forthcoming book “The Great Reset: Joe Biden and the Rise of 21st Century Fascism.”
https://thehill.com/opinion/finance/584190-irs-data-prove-trump-tax-cuts-benefited-middle-working-class-americans-most/

nwtk2007 Loc: Texas

IE - The border.