JFlorio wrote:
Here’s how stupid our legislators have gotten. We are approaching 30 trillion in debt. Even if Biden was telling the t***h they are admitting this tax hike would go to pay for new spending. Does that even make sense? How about, no new spending and pay down your debt? We never do that anymore. Which is insanity, but I digress. First off government economists admit, when you raise corporate income taxes by 2 trillion dollars at least a quarter of that goes directly to reducing the pay and or benefits of the worker. Non- government economists say the number is between 50 and 75%. In 2019 when the corporate income tax was cut the median wage for the average worker went up 6.8%. Much of the rate increase that doesn’t hit the workers is passed on to the consumer in higher prices. So, you i***t Democrats tell me; how will this tax increase help the average Americans?
Here’s how stupid our legislators have gotten. We ... (
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I think you are both high and vastly misinformed. The marginal tax rate (search that term) under Reagan was 93% at its highest & Raygun ruined the economy with his tax cuts for the wealthy and the bogus "trickle downeconomics" which never work.