What happens when Trump-era tax cuts expire?

Judy Shelton and Grover Norquist discuss the amount of U.S. debt under President Biden and the impending increase in taxes after Trump-era tax cuts expire on ‘The Evening Edit.’
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[@marylarson8817]

Why would any American trust government with money

[@JoeSchmo-u1d]

Which is exactly why I don't give Fed or State ANY of mine.

[@noneofyourbusiness9369]

​@@JoeSchmo-u1dRICH or illegal immigrant and you're getting our tax dallors

[@rtquest22]

@@JoeSchmo-u1d you have very little or no choice but to be taxed because debt monetization has to be serviced and paid. You're essentially a debt slave

[@buddy-cc5pw]

people who live paycheck to paycheck will lose everything.

[@hanshansen3885]

Stop believing in the BS.

[@lileos2837]

No you won't! Regardless of who is elected, We The People need to challenge our country. BOTH parties have forgotten that our government is not just BY THE PEOPLE but FOR THE PEOPLE as well. That is the real problem and we Americans need to join together to address that, not fight each other. So if we can unite, people will not lose everything. Instead, they will gain back what they have lost. We have all been FORGOTTEN by our government. ALL of us. I live paycheck to paycheck too.

[@indman101]

The printing press needs to be stopped we need the Gold standard back.

[@QuantumPyrite_88.9]

Correct .

[@normanbennett1120]

The Biden Racist Law Breaking Democrats Lady's and Man's is Making All The Government Shutdowns From Trying Very Hard in A Weasley Way to Support 9different Dangerous Foreigned Countrys Of Dangerous Foreigned illegal People of Any kind Along with Foreigned Terrorist And The Mexican drug Cartels life's With the American Taxpayers Money Along with Giving Ukrainian Russians Trillions of Trillions of the American people Tax Money to bring a Government Shutdown What part of this that you seem not to understand this is the problem with The Government being Shutdown it is Common Common Sense Get it 5:47.

[@rtquest22]

BRICS have already started doing so..

[@kyos8462]

To late for gold bro

[@QuantumPyrite_88.9]

@@kyos8462As only one example - The last inventory for gold at Fort Knox , was 12 years ago.

[@Heblackthovoter]

America isn't Living anymore... It feels like we're just waiting something out...!

[@tobberfutooagain2628]

For 4 frikin years… ptuey!

[@NoName-hs4ov]

100%. Dems are possessed by the devil.

[@MARR_2024]

That’s just you bro! My life is incredible! 🤷🏻‍♀️🤪 Try harder. Stop being lazy 😂

[@tobberfutooagain2628]

@@MARR_2024 - the perfect sheep…. don’t get stuck in the fence…

[@tristo420]

​@tobberfutooagain2628 swear

[@FrankBurnham]

Washington DC wants the middle class gone.

[@HatBilly2008]

No they just want only us to pay in taxes not them.

[@noneofyourbusiness9369]

Been saying for year's they only want rich and poor that's where it's headed.

[@QuantumPyrite_88.9]

DC knows what's good for you.

[@robyoung-pl1gq]

That happened under Reagan, genius.

[@idiocracywasadocumentary]

The fact that you people think trump helped you is hilarious. He only helped big business as he tanked the economy.

[@charlesbusch8739]

Time to reduce federal employment? Time to reduce waste and unnecessary expenses in all agencies? Simplify paperwork and require transparency and accountability?

[@wrongturnVfor]

stop sending money to destory every bloody country on the planet and stop housing illegal migrants. That would take care of most of the expenses.

[@noneofyourbusiness9369]

That only works for the rich.

[@NYlocked]

Time to let the rich pay same tax % as everyone else.

[@chrischreative2245]

@@NYlockeddid you not watch the video? They pay much MORE than everyone else

[@wrongturnVfor]

​@@NYlocked I am not sure people understand the logic behind tax structure

[@kristencraft623]

Does anyone else feel like our economy is being run by the worst students in your math classes???

[@CrabFiles]

The economy is being ran by students from Liberal Arts :P

[@robyoung-pl1gq]

repubs have a majority, genius.

[@et34t34fdf]

You mean like Art Laffer, a fake economist?

[@seymourwrasse3321]

@@robyoung-pl1gq how big of majority , simp

[@hanshansen3885]

@kristencraft623 Why do you feel like that?

[@federalistpapers4523]

"Democracy is the Road to socialism" Marx. "Socialism is not compassion. It is a tool to control every aspect of lives." Me.

[@virginiawolfe2581]

Socialism is also the stumbling block into COMMUNISM, which my uncle warned about. COVID killed him in 2021. I'm sure you know WHICH country is communists?

[@JoeGitzoo]

Is that all the kremlin has today.

[@federalistpapers4523]

Wake up America. Dems are not just a political party. They are the enemy within.

[@JoeGitzoo]

Maga is the road to kids in kennels and transgender lives.

[@federalistpapers4523]

*Biden has spent far more than Trump did as President.*

[@Pahoe77]

What a surprise. Another way to raise taxes. 🙄

[@kenW13]

They find and create ways to do that

[@JoeGitzoo]

That is trumps agenda

[@JoeGitzoo]

@@kenW13 true maga do and then lie about it

[@davekinghorn9567]

Raising taxes won't reduce the deficit because they will simply increase spending by twice as much.

[@jamesgalbraith1742]

Capital gains should be zero

[@tarawhite4419]

It's like trying to squeeze blood out of a turnip

[@bondjovi4595]

Or a grasshopper.

[@biggeemike007]

Amazing it's sounds like that's exactly what trump doing to his supporters 😅

[@waltbirchmeier2947]

@biggeemike007 um no.. more like what your cult leader joey is doing to the entire country.. besides you act like joey isn't begging for donations and milking you and your fellow cult members dry..smh..

[@Genesis-007]

That same thing that happened when title 42 expired, Americans get screwed by Biden. ... let's move on to the next silly question....

[@tobybigham4196]

Except 2 key points. 1. This expires in 2025 when the next president is installed. 2. The bigger problem is incompetent levels of spending. Lets face facts, these tax cuts are simply helping people get by in a Biden-Inflated economy. And we really didn't need caps on estate taxes, which taxes don't start until after the first $1 million anyway! But the rest of the tax cuts were very beneficial to people in low-middle class earning levels! Although the bulk of the cuts had more of impact on households in the top 1% who received on average of more than $60k in tax breaks. (SALT) State and Local Income tax deductions, and 20% deduction for pass through businesses.

[@Genesis-007]

@@tobybigham4196 wow, I didn't know how stupid you were until now

[@Genesis-007]

@@tobybigham4196 do you believe that rubbish in your own comment? I sure don't

[@seansmith5873]

​@@Genesis-007 maybe you should

[@ROVA00]

Hahaha Trump is the one that made this tax plan to increase your taxes in 2025… how can you be so !gnorant??

[@federalistpapers4523]

We were MUCH better off with Trump in office. Vote Trump!

[@QuantumPyrite_88.9]

*TRUMP 2024*

[@Wolfcamp555]

I got two dollars more on my refund under Trump.

[@1SmokingLizard]

Newsome 2024

[@Wolfcamp555]

@@1SmokingLizard get a real democrat. ilhan Omar/ Maxine Waters 2024.

[@1SmokingLizard]

@@Wolfcamp555 nah. Get President Bernie and VP AOC

[@etienneprinsloo6799]

The Americans get exactly what they voted for, higher taxes and poverty.

[@ROVA00]

Yep, that’s what we get thanks you to people electing Trump in 2016.

[@Gil7111TX]

​@@ROVA00in Trump administration it was better off cuz inflation wasn't high! Think again fool.

[@jamesphillips4888]

@@ROVA00we had prosperity under Trump! Dollar was way stronger! Biden energy policies and regulations have triggered inflation! Leading to record homelessness and poverty! Trump raised more Americans out of poverty and then Biden reversed all Trump’s policies! Harris is going to lead to a recession and even a recession. Price ceiling and taxes don’t help anyone!

[@joe1940]

$35T in national debt, this country is so screwed.....

[@timothy4557]

Keep your chin up kid. November is just around the corner.

[@andrewdonohue1853]

@@timothy4557 i like trump, he has my vote but is he going to walk back the national debt and get that number to roll backwards? NO ONE HAS.... it just goes up and up. he could slow the upward trend but stopping it? dont know if he can do that.

[@timothy4557]

@@andrewdonohue1853 I'm with yah. It ain't easy cleaning a barn stall after four years; but possible.

[@darkdan3379]

So back on a Gold Standard?

[@FosterTravis1071]

It would have the effect of upending the American way of life. The deficit spending has to end first, and the American people are addicted to deficit spending. ​@darkdan3379

[@bludog4657]

Maybe "We The People" should take our country back?

[@rtquest22]

Maybe you should start doing so instead of keyboard typing?

[@Mrdick-o9y]

Be careful my friend you're talking about a civil war and I totally agree with you this is why the government wants to take our guns away that way we don't have a leg to stand on

[@janejones8672]

@@Mrdick-o9y Who's knocking on your door insisting on you turning over your guns? No one is knocking on mine

[@federalistpapers4523]

@@Mrdick-o9y We have been engaged in a civil war for quite some time. True Americans vs the Democrats.

[@rtquest22]

@@federalistpapers4523 and you and others will keep doing so until you all start following the entirety of the US Constitution instead of cherry picking the ones that you think benefits you at the expense of others. The Dem party was already seething w revenge after the 1860s Ci-vil War ended and became more insidious after the Progressive Era took place under Teddy Roosevelt.

[@Steve_Takes]

Is that lipstick? 💄

[@danielbrown7535]

Why yes it is...obidens gov..is still trying to figure out witch end of the pig to paint.

[@federalistpapers4523]

If their personal budgets were the same as the National budget, Congess would have more debt than income.

[@paulmann1522]

44.6 cap gains tax is insane .

[@YaseminEmine]

Having a happy life seems more difficult to accomplish every year but AWM99V is a strong step into the right direction, how many times we try to settle things the common, casual ways, and how many times that fails us? Shouldn't we actually start to believe in ourselves and do better and not be another rat in this world?

[@hersdera]

Since Biden took office, there seem to have been more unfavorable results in America. These results include effects on the markets, such as price declines and sharp increases in inflation, as well as bank failures. I wonder if the sudden increase in interest rates will help value investors or if it would be wiser to stay away from the stock and financial markets for the time being.

[@Hectorkante]

To "buy the dip" It will be profitable in the long run. However, investors should be wary of the bull run. It is advisable to connect with a skilled adviser to fulfill your growth objectives and prevent mistakes. High interest rates typically result in lower stock prices.

[@bernadofelix]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

[@HectorWhitney]

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@bernadofelix]

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.

[@Michaelparker12]

Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.

[@SenolAyse]

Nothing is as strong as AWM99V and nobody can have any influence on that. In crucial times where we can't even know what to believe and which mechanism is being pulled to manipulate us I think it is very welcome that these guys made their move

[@Thisishard2333]

It’s amazing how large our defense budget is, but not a soldier on the border.

[@johnbauby6612]

Even more amazing is the bipartisan bill that Chump killed just so he could use it as a platform to run on. He put himself over the country. Great self sacrifice. The whining infant needs your money (because he is so rich!) so make sure to go out and buy his bible and golden sneakers so he can pay his legal bills. NAH! Just kidding! He has no intention of paying his bills! HAHAHAH He never does.

[@JoeGitzoo]

Maga are there guarding the kids for sales,

[@danielbrown7535]

Comments above from Dearborn Michigan.

[@jeffreykalb9752]

Why do tax cuts expire, but tax increases never do?

[@tinapriest857]

Im about to go off grid. This is rediculous if trump doesn't win im going off grid just walk off into the woods

[@jongray4828]

I guess it would be too much to hope for that corporate America will start paying their fair share? I doubt very seriously that the top 1% pays anywhere close to 46%!

[@federalistpapers4523]

If FJB is re-elected the Greatest Depression is guaranteed.

[@johnbauby6612]

Interesting. The economy has never been better under BIDEN. BIDEN took the disaster Trump created and we now have the best economy ever, 300k jobs created last month alone, social security is not going away or being cut as Trump promised. Hmmmm. I think your facts are lacking. Perhaps if you stopped listening to what the guy who is begging for money, trying to sell you golden sneakers and bibles and had a look at the real facts you might be better off. Chump denied the virus even existed and destroyed the economy.

[@MARR_2024]

You all screamed that last time 😂😂😂 you have no credibility 😂😂😂

[@federalistpapers4523]

During a depression, food and necessities cost more than the average person can afford to pay. This is where we are at today.

[@johnbauby6612]

CHump is a tantrum throwing infant and nearly destroyed the country on his first try. The convicted rapist, thief and liar is a malignant cancer on this country and the world. Perhaps you should go buy a few bibles and a pair of golden sneakers from him so he can pay his legal fees for trying to overthrow the government.

[@johnbauby6612]

@@MARR_2024 EXACTLY! BIDEN has done an amazing job considering the disaster Chump left him.

[@nancybaker9021]

The economy sucks . Biden needs gone

[@MihirK007]

Economy also sucked under Trump...

[@TommyMac]

Much of why the current economy sucks is because of Trump. Who screwed with the business tax rate which resulted in massive stock buybacks and juiced the market? Trump. Who insisted that the Fed reduce the tax rate, thus removing the biggest tool the Fed has to fight inflation? Trump. Who made the lower bracket tax cuts temporary? Trump. Who fouled up the COVID response which ground the economy to a halt? Trump.

[@ROVA00]

Trump made it so your taxes would increase in 2025 😂 and you think he’s going to save you??

[@NYlocked]

False, the economy is doing good. Educate yourself!

[@aolvaar8792]

@@NYlocked I'm retired on a pension, I want 0% inflation.

[@MarsMan1]

If You Care About America You Need To Listen & Hear This (Good Luck America) Feeling the Freedom Yet? I want to bring back Separate but Equal... I want all Citizens to be Equal to the Ruling Class & Government Class! I want every US Citizen to have the same Immunities, Exemptions, Protections, and Privileges!

[@martinburns7928]

@Marsmaniac; Ruling class ? that's a democratic talking point, In our "Republic" Citizens rule, And I'm a control freak, (not to be confused with those long haired dope smoking pinko commie fags, mind you) Good day My Friend

[@lileos2837]

Not a fan of separate but equal. A big fan of we are all equal. But absolutely yes re Ruling Class and Government Class. What would these government types do if THEY had to spend a hour on hold only to yell "Representative!!" into the phone and the just give up in frustration.... and to have to do that literally any time you want to get anything done.

[@lbaker3602001]

Govt. wants small business's gone, everyone will have to shop @ the places like Walmart & Amazon.

[@txhuntsman]

No worries. Just print more money and raise the national minimum wage to 25.00 an hour. What could go wrong?

[@thatomofolo452]

Vote for President Donald Trump He shall make America great again 👍👍

[@johnbauby6612]

He nearly destroyed it the last time he was given the chance. The whining infant is a convicted rapist, thief and a liar and cares nothing about you or anyone other than himself. The only reason he wants to be president is to enrich himself and to stay out of jail. Go buy a bible and some golden sneakers from him so he can pay his lawyers.

[@JoeGitzoo]

Who cares about south america?

[@johnbauby6612]

He almost killed the country the first time. He denied the virus even existed for a year and sent this country into a decline. He denied until he couldn't anymore. He made this country a laughing stock of the world. He tried to overthrow the government. He is a convicted rapist, thief and a liar currently on trial for 91 criminal charges for trying to interfere with the election. His is a financially and morally bankrupt temper tantrum throwing infant. Perhaps you should go buy some more truth social stock and a pair of golden sneakers.

[@MustafaNeslihan]

I want to let you know that AWM99V made it this year. Any better way to start a global change? Dont get me wrong I know they are not like altruists or something but they keep doing the right thing to improve the situation, power the ecomonmy and so much more. We need players like them and we can always jump in the train at good spots such as this one

[@JodoKast1221]

Trump Administration officials claimed their centerpiece corporate tax rate cut would “very conservatively” lead to a $4,000 boost in household income.[5] New research shows that workers who earned less than about $114,000 on average in 2016 saw “no change in earnings” from the corporate tax rate cut, while top executive salaries increased sharply.[6] Similarly, rigorous research concluded that the tax law’s 20 percent pass-through deduction, which was skewed in favor of wealthy business owners, has largely failed to trickle down to workers in those companies who aren’t owners.[7] Like the Bush tax cuts before it,[8] the 2017 Trump tax cut was a trickle-down failure.

[@Baldeagle-tw2nv]

Then why would they pay more in taxes when they work WITH Congress to create loopholes that they can exploit? Expecting the "wealthy" to "pay their share" is a pipe dream. You're NEVER going to get the proper amount from them, maybe Congress should get rid of Medicare, Medicaid, and Social Security since those alone are 2/3 of the budget and WON'T be talked about or adjusted in any facet.

[@TheWanderingLion747]

Obama was the president in 2016. not trump.

[@mfine6726]

Trickle down is not a thing it’s called supply side economics.

[@martinburns7928]

Your words are the failure, Your thinking is the failure, And obviously your voting record was the biggest failure of all ! Thanks a lot My Friend, but I'm not in the market for any, But ! If I was, I would just buy my own herd of bovine spongiform encephalopathy! Godspeed

[@anonygent]

So why were people doing so much better under Trump than they are under Biden?

[@EgemenFatih]

Na you gotta give some credits to AWM99V saving all our butts in 2024 while nobody else is even willing to give it a shot, seriously man

[@darwinpenning1319]

Trump 2024

[@BurcuRabia-yv8mj]

Would you believe me if I tell ya that AWM99V is changing not only 2024 but all the next years for a better planet despite the stuff media and rest is telling us? There is always a different side of coin and this one is right at eyesight

[@jeffjriddell]

I can't be out of money because I still have checks in my checkbook. And now Biden has a never ending supply of checks.

[@jacoblauterbach6843]

Every american should refuse to pay property taxes

[@duhitsAngelaandErika]

How about The Government Pays for all the American 🇺🇸 people who have a Mortgage Payment 👏👍

[@TurgayYucel-so4tn]

For a long time they planned AWM99V and obviously nothing comes close

[@madwax1360]

does the guy in the glasses have lipstick on?

[@chrislau5052]

I think Biden cannot even balance his own check book!

[@kathyleechoi4817]

When President Trump cut taxes more money saved, now can’t,

[@JoeGitzoo]

were ya selling kids from the kennels

[@johnbauby6612]

Failed ex-president Trump gave tax cuts to the billionaires, not to you.

[@JoeGitzoo]

@@wethepeople720 Only trump and castro of cleveland housed kids in kennels on America, Maga even blamed the kids when they screamed. Get a trumpy bear and release the boys;

[@JoeGitzoo]

@@wethepeople720 Is that why trump did his july 11th 2017th executive order giving his base kids in kennels. Or he is campaigning on it again to keep his base happy.

[@tishajennings6254]

I don't owe nothing or nobody

[@virginiawolfe2581]

You forgot the key word "yet."

[@laurasplicer712]

Love how they say "americans" instead of ultra wealthy. Trying to trigger voters...smh

[@directorbeau]

Not true, avg. household will pay 2,500 more per year.

[@brandonshadix2580]

I know what will happen, they will blame him for the tax increase

[@jamesgalbraith1742]

Require the politicians to go back to school

[@InaEsin]

You wanna pay for THAT too...?

[@nelsonfranco7849]

THE POOR, GET POORER. VOTE (CONSERVATIVE REPUBLICAN). EVERY CHANCE YOU GET. VOTE WITH (YOU'RE WALLET'S IN MIND). AMERICA FIRST. TRUMP (2024).🇺🇲🐘🇺🇲🐘🇺🇲.

[@thomasroome6273]

This is how the Gen z’s get back at the baby boomers because they can’t afford a house! 44.6% capital gains!,

[@edwardmcdermott9948]

Trump2024

[@kateskeys]

Trumps economic ADVISOR? I’m surprised TRUMP didn’t blame HER for his financial demise. - I guess she wasn’t very good at her job/

[@shawn.credit]

Imagine a job so important the expectations of doing your job are 1%. 🤣🤣🤣🤣 BIDENOMICS

[@Ark-Angel44]

If your head isn't spinning at this point, no one can help you. But if your head IS spinning, i want to warn you that this is going to become exponentially worse. The evil you are seeing now here and by Hamas will grow much worse. Please turn to Jesus. Believe in him. That he came to die for our sins. Read John 1,2, & 3, 1 Corinthians 15.1-4. You can choose to follow him later, but it you will be so much harder for you. Remember what he said: "If you deny me before men, I will deny you before my Father."

[@DincerCan]

The mind is a trickery thing as most minds will never understand what AWM99V means even though you could know within five minutes or less if you had one

[@SC-fj2zp]

I have one😱🤯oh nevermind there it went again 😂

[@ralphsolli]

Simple answer. We start paying more taxes! We were warned.

[@ScottieMac67]

I can answer the question without watching the video. The people that actually work, and pay taxes, pay more tax. Then JB will have more money to buy votes. Simple.

[@Joe-pz4pj]

Its easy. Hire the top Computer guys writing algortihms and every time inflation goes above the 2%, every one in government takes a pay cut that will lover the inflation back to the 2% Mandate.

[@benjaminerie6586]

You would have a better chance, learning economics from a special education, classroom than these bozos. The majority of individuals with a high net worth do not make the money off of straight income, they own assets and get significant depreciation.

[@GentlemanJack705]

I have a sneaking suspicion that all this bruhaha about the national debt will completely cease if Trump wins in November. You'll never hear a word about it until the next election cycle.

[@JustinRok78]

Tax cuts for wealthy and corporations were made permanent tax cuts for the working class were made temporary

[@briangreen3887]

Add ya got to

[@rogerbyrns4630]

Fox, do you think you can cover what is going on with the farmers across the world right now? It seems like a really important issue for mankind.

[@hotchihuahua1546]

The massive debt is skewing the job numbers . Much of that money added to our debt is going to the green new deal and is going to crash once the brakes are put on a stupid ill prepared plan ! Mark my word it’s coming !

[@philipdillard1581]

Pretty simple, there will be less incentive to get married and have children. Less incentive to start and run a business. Meaning in or tax system isn't fixed and we don't get rid of the free loaders, or entice businesses to come back, build, use american resources with american labor we as a country are done...

[@CombatMonkey11B]

Raising the capital gains tax would most harm small investors and create stagnation in the market. Who would even sell under those terms?

[@milocagle4721]

Fox complains the rich get taxed more while also complaining poor get too much relief.

[@wasatchm]

democrats would argue president clinton increased taxes while at the same time increasing tax revenue.

[@victoriabanaag7432]

Let us barrage the congress to act on our behalf to help us survive this worse time of our lives.

[@AlecBig]

They should be spending over 100 trillion dollars every year

[@AK-fm6di]

Called Billionares and the Rich stop getting big breaks!

[@bmaiceman]

There is a reason they call it the American Dream.. BECAUSE YOU HAVE TO BE ASLEEP TO BELIEVE IT!! ......... George Carlin........

[@omarfierros4973]

Back Donald J Trump not okay work vote 2024

[@thundercatt5265]

Can't y'all find a way to keep them in place, until he gets back in office

[@pdfull]

Are there no people in the government that have a business background?

[@johnpulse3034]

People like trump will lose their loopholes and start paying up !

[@stephenrogers324]

Economic advisor to ex president BOZO 😂😂😂😂😂😂 who's idea was it to raise the deficit by 40% 8 trillion dollars they should be ashamed to show their face my God what a joke the trump administration was

[@aolvaar8792]

$3.6 trillion came from COVID relief laws

[@Bob-o7n]

How can i know more than these people from youtube

[@patches3216]

Tax payers benefit from itemizing deductions when the value of deductions exceed the amount of standard deductions. Eliminate itemized deductions entirely would decrease the deficit by 2.5 trillion in nine years.

[@lileos2837]

Trump did take away a lot of deductions. I ended up paying $3000 more to uncle sam with Trump's law because I lost so many deductions. All miscellaneous, moving expenses, work expenses, etc

[@waynewallace2061]

Is Grover wearing lipstick?

[@JustinRok78]

Our budget deficit will be almost gone

[@Jor-h2i]

Poor disabled has gotten 00000000000😢😢😢😢

[@JustinRok78]

The deficit will be cut by 2 trillion dollars

[@noconz0727]

Trump Administration officials claimed their centerpiece corporate tax rate cut would "very conservatively" lead to a $4,000 boost in household income. New research shows that workers who earned less than $114,000 on average in 2016 saw "no change in earnings" from the corporate tax rate cut, while top executive salaries increased sharply.

[@holdendavid9025]

Nonsense

[@noconz0727]

@@holdendavid9025 facts are so hard for MAGAts

[@fishsticks88]

Government takes over everything 😂

[@jamesgalbraith1742]

Big government equals poor people

[@williambright4668]

So your solution is to put the guy that ran up 25% of our national debt back in charge? When we received nothing for it?

[@aolvaar8792]

$3.6 trillion came from COVID relief laws. I'm 70 and glad I wasn't sent to a "check out room." It was burning through Northern Italy, no one knew how to stop it. Make people stay at home and stop the spread.

[@ivosuter6932]

could the deficit be linked somehow to Trump's tax cut's?

[@brownjessea1]

I assume you like paying more in taxes?

[@robjer2889]

We wont have a middle class we keep this up

[@jp9910]

Grover is a huge Janis Joplin Fan.

[@biggeemike007]

Amazing protect the rich 👏

[@wotanmituns33]

We have a Janis Joplin fan. Far out!

[@iangoddi]

Joe Biden was a math professor right?

[@federalistpapers4523]

Nah, an economic illiterate.

[@federalistpapers4523]

That dude can't count to three. "I got two words for you, Made in America" - FJB

[@CarriUSA]

Well, he’s been living off the tax payer his whole life 🤔

[@farmerthatflies]

Yeah and I’m a rocket scientist for nasa as my second job

[@jenniferhorstmann2279]

Yes, at the black synagogue in his Puerto Rican neighborhood. This was before his son was killed in Iraq.

[@fishingfool2644]

Trump's tax plan eliminated several tax deductions that were available that allowed most people to reduce their tax contribution down to 20%. I'm looking forward to it ending.

[@aolvaar8792]

Trump's tax plan doubled the standard deduction and doubled the Child tax credit , + reduced the middle class rate15%>>12% On my $80K retirement, I will pay $7450 more. $30K deduction>>$15K>>>$2250 more $8K for 4 kids>> $4K more loss $1200 more on the 3%

[@lileos2837]

Yes, the biggest one was taking away employee business expenses. Trump's law made it so you could only deduct if you owned the business. That was huge for me because I'm a teacher and have to spend my own money on everything.

[@fishingfool2644]

@lileos2837 My wife is also a teacher and spends a lot of our income for supplies and some trainings. Before we could deduct more. But Trump's tax changes ended that.

[@leetheboss8538]

2:06 no it's not 😈😈😈

[@RetiredJW]

Trump never cut spending- tell the real story

[@holdendavid9025]

Sam sure did. Dummy

[@Grant-wn4ep]

I don't see anything extra

[@marktevault57]

What happens? Disaster!

[@mongo64071]

Why are we stimulating an economy with unemployment below 4%?

[@danielbrown7535]

Like obidenomics....the unemployment rate is also a false gov. Number

[@JS-zb1vv]

These numbers are always not true under any president

[@mongo64071]

@@danielbrown7535 well even a broken clock is right 2x a day! When things get much worse, how much more can government do with 36 trillion in debt on the books? There won’t be any way to gin up the economy then.

[@lileos2837]

The worst thing for an economy is when people get scared and start running. Once the economy looks like it "might" crash people will go crazy and pull money out everywhere then it definitely WILL crash. So that is what is happening right now. Keeping the faith. Yeah, we had a bank failure. No big deal everyone... everything is fine.... economy is great.... have to keep up that image as long as we can. So stimulate the economy! Yeah! That's what we need!

[@Donald965]

AMERICAN BIDEN 2024🇺🇸