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Thread: Dueling tax plans

  1. #91
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    Joined: Oct 2017 Location: Glendale Posts: 8,160
    Giving huge tax cuts to banks, big corporations and the wealthiest Americans (including Donald Trump) will be "like rocket fuel to boost the economy," declared Trump in December 2017. As 2019 nears its end, Trump's lie is obvious. His "rocket" crashed. During the past two years, private investment declined, wages rose only 1.4% (less than one-tenth of what Trump promised), the number of new jobs created fell by an average of 11,000 per month and a majority of the big corporations spent their tax savings on stock buybacks. But, hey, the rich (including Donald Trump) got richer! #Winning

    After two years, Trump's tax cuts have failed Americans

    https://www.cnn.com/2019/12/20/persp...uts/index.html

  2. #92
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    In December 2017, Emperor Trump made eight promises about his tax plan: The middle class will benefit, the wealthy will not benefit, working families will get a raise of $4,000, small businesses will get a huge tax cut, job growth will accelerate, business investment will increase, the economy will grow by 6% annually and the tax cuts will pay for themselves. Trump proceeded to give huge tax cuts to banks, big corporations and the wealthiest Americans (including himself). How many of those promises came true? None. But, hey, you don't hear the banks, the big corporations and the wealthiest Americans (including Trump) complaining!

    Opinion: The Trump tax cut has amounted to nothing but broken promises for the middle class

    https://www.latimes.com/opinion/stor...ax-cut-deficit

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