Why is Trump lying about a middle class tax cut

[Primemuscle]

Obama doubled the national debt in 8 years...I'm sure there are hundreds of posts by straw and prime about the dangers of that while it happened. 


Nope, just more "orange man bad, orange man racist".

Can't answer for Straw, but politics became much more interesting to me once Trump threw his hat (wig) in the ring.

Here's a little visual history regarding the national debt:

[chaos]

Can't answer for Straw, but politics became much more interesting to me once Trump threw his hat (wig) in the ring.

Here's a little visual history regarding the national debt:

That chart shows how bad obama really was

[Coach is Back!]

Trump’s middle-class tax cut is a fairy tale that distracts from the real midterm stakes
The GOP has a real tax cut for the rich, paid for by health care cuts.
By Matthew Yglesias@mattyglesiasmatt@vox.com  Oct 24, 2018, 12:30pm EDT

https://www.vox.com/policy-and-politics/2018/10/24/18017202/donald-trump-middle-class-tax-cut-tax-reform-2-0

Vox? Seriously?

[Coach is Back!]

Reiterating it or just an empty promise that there will be a middle class tax cut someday; when and if Congress passes it.  

It’s 100% impossible that the cuts couldn’t have helped the middle class especially when workers saw it and expressed it in their paychecks.

[Coach is Back!]

Jobs, Employment and Wages

President Trump is the ‘Jobs President’.  Yesterday, the Bureau of Labor Statistics reported that 250,000 new jobs were created in October.  In President Trump’s first two years since elected President, the US has gained over 4.3 million jobs.  (In President Obama’s first two years the US lost over (4.2) million jobs.)  More people are working in the US than ever before and unemployment is at 50 year lows landing at 3.7% last month.

The President’s tax plan passed in late December 2017 is greatly benefiting Americans and American companies. Employees will see increases in their income tax refunds next year due to the lower Federal taxes. Millions of Americans received bonuses due to the tax cuts and major companies announced plans to move capital and operations to the US due to these cuts.  On top of income tax refund increases, Americans also are benefiting from the highest wage increases in a decade.

https://www.bls.gov/news.release/empsit.nr0.htm

[loco]

Jobs, Employment and Wages

President Trump is the ‘Jobs President’.  Yesterday, the Bureau of Labor Statistics reported that 250,000 new jobs were created in October.  In President Trump’s first two years since elected President, the US has gained over 4.3 million jobs.  (In President Obama’s first two years the US lost over (4.2) million jobs.)  More people are working in the US than ever before and unemployment is at 50 year lows landing at 3.7% last month.

The President’s tax plan passed in late December 2017 is greatly benefiting Americans and American companies. Employees will see increases in their income tax refunds next year due to the lower Federal taxes. Millions of Americans received bonuses due to the tax cuts and major companies announced plans to move capital and operations to the US due to these cuts.  On top of income tax refund increases, Americans also are benefiting from the highest wage increases in a decade.

https://www.bls.gov/news.release/empsit.nr0.htm

And Obama is the Welfare president...free health insurance, free phones, free lunch for everyone, including illegal immigrants.

[Soul Crusher]

Tax Reform Has Delivered for Workers: Two years later the data show that investment has increased, with wages and job participation rising.
Wall Street Journal ^ | December 22, 2019 | Gary D. Cohn and Kevin Hassett
Posted on 12/23/2019, 7:30:54 AM by karpov

It’s been two years since President Trump signed the Tax Cuts and Jobs Act into law. To the delight of supply-siders, the law contained significant marginal tax rate reductions for individuals and corporations. At the time there was lively debate concerning the likely economic impact of the bill, with opponents pointing to analyses that found little effect from the rate reductions. At the White House, where we worked at the time, we produced analyses that suggested economic growth would surge. On the second anniversary of the TCJA, the numbers are in, and our projections have been vindicated.

The view that the tax cuts would jump-start the economy was based on abundant economic literature examining how tax policy affects decision-making by businesses and individuals. On the corporate side, the tax cut reduced the cost of installing new plant and machinery by about 10%, suggesting that capital spending would jump by the same amount. This would increase the amount of capital per worker and drive up productivity and wages. President Trump emphasized the last point repeatedly, arguing that family incomes would increase by about $4,000 in three to five years, with blue-collar workers benefiting disproportionately.

This predicted increase in capital has materialized, and has translated into additional economic growth. In 2017 our calculations suggested gross domestic product growth would accelerate in response to higher capital spending, with the contribution of nonresidential fixed investment to real GDP growth rising to between 0.8% and 1% in 2018. The contribution of this type of investment to economic growth from the first quarter of 2018 to the fourth quarter of 2018 was right on target, at 0.8%. This wasn’t the existing trend. Capital spending was 4.5% higher in 2018 than pre-TCJA blue-chip forecasts, and this trend continued in 2019.

(Excerpt) Read more at wsj.com ...