Reply With QuoteGrokmaster (04-08-2021)
Verified User
Proof that Trump tax cuts boosted the economy
Biden's Commerce chief claims Trump tax cuts didn't boost economy
'There is not a shred of evidence' they 'increased growth or productivity'
By Art Moore
Published April 7, 2021 at 8:11pm
donald-trump-serious-desk.jpg
President Donald J. Trump speaks with military service personnel Thursday, Nov. 26, 2020, during a Thanksgiving video teleconference call from the Diplomatic Reception Room of the White House. (Official White House photo by Shealah Craighead)
https://www.wnd.com/2021/04/bidens-c...fb48834c904767Making a case for tax hikes at the White House on Wednesday, U.S. Commerce Secretary Gina Raimondo insisted to a reporter that the booming economy under President Trump before the COVID-19 lockdowns had nothing to do with his tax cuts.
"There is not a shred of evidence to show that the cuts in 2017 increased growth or productivity," she said.
However, as the Wall Street Journal summarized the economy during Trump's first three years in office, "median household incomes grew, inequality diminished, and the poverty rate among Black people fell below 20% for the first time in post-World War II records."
In fact the unemployment rate among blacks dipped under 6%.
Median family income, which had been flat from 1999 to 2017, increased by more than $6,000 from 2017 to 2019.
The Wall Street Journal noted the unemployment rate fell from 4.7% shortly after Trump’s election to 3.5% by the end of 2019, which was below Federal Reserve expectations of about 4.5%.
"That was partly driven by Trump’s corporate and individual income-tax cuts and a February 2018 bill that reset spending caps Republicans had demanded in the Obama era," the paper said.
Tax Cuts and Jobs Act was signed in into law on Dec. 22, 2017.
Grokmaster (04-08-2021)
Verified User
Utter bullsh!t and your source is uttere bullsh!t too. Now consider the facts when it comes to the atrocities created by your former fake and Putin puppet so-called president tRump who basically gave the working and middle class the shaft, while giving his greedy handlers huge tax breaks:Originally Posted by Drummie123
Opinion: The Trump tax cut has amounted to nothing but broken promises for the middle class
Trump’s radical Tax Cuts and Jobs Act, which took effect Jan. 1, 2018, has now been around long enough for a fair assessment. The verdict’s not good. The second anniversary is an apt time to review some of the law’s biggest failures — especially since the president is inviting more trouble by considering another tax-cut boondoggle as an election-year ploy.
Rushed through Congress by a Republican majority, the Trump-GOP tax cuts were promoted as a boon for the middle class. Yet in 2020, according to the Institute on Taxation and Economic Policy, the richest 1% of taxpayers will get an average tax cut of around $50,000, 75 times more than the average cut for the bottom 80%.
One big reason the law is so skewed toward the wealthy is that it gives corporations huge tax breaks. It’s primarily the wealthy who own corporations through their stock holdings.
Thanks to loopholes and the cut itself, tax collections from corporations in the first year of the new law collapsed. ITEP found that the effective corporate tax rate for 379 profitable Fortune 500 corporations was just 11.3% last year. That’s about half the rate Trump’s new law established, which slashed the previous rate by 40%. More than 90 corporate titans — including Amazon, Chevron, FedEx, IBM, General Motors and Netflix — paid zero in federal income taxes last year."
https://www.latimes.com/opinion/stor...ax-cut-deficit
Verified User
REPORT Poverty And Inequality
Does Rising Income Inequality Threaten Democracy?
June 30, 2017 40 min read Download Report
John York, Ph.D.
Former Policy Analyst
John was a policy analyst at The Heritage Foundation.
SUMMARY
The popular contention that income inequality is turning our democracy into an oligarchy that serves only the rich is buttressed by several well-cited, but fundamentally flawed, academic studies. In fact, claims that rising income inequality threatens our democracy are unfounded. There is no evidence that the rich have greater political influence during times of greater economic inequality. By making poorly founded assumptions about the opinions of the top 1 percent, magnifying the narrow political divide that does exist between the classes, and exaggerating the influence of the affluent, certain political scientists have painted an unduly grim portrait of American democracy.
While it is undeniably true that some have more access to power than others, income alone is a poor predictor of proximity to power. And while it is neither possible nor desirable to level the political playing field perfectly, it is possible to lower the stakes of the game by reducing the federal government’s power to pick winners and losers in the marketplace.
KEY TAKEAWAYS
Academic studies of income inequality exaggerate the influence of the affluent and magnify the political divide between the affluent and the rest of society.
The federal government’s overweening power allows it to pick winners and losers and intervene in Americans’ private affairs and lawful life decisions.
If the government were kept within its constitutional limits, Washington insider status would not count for nearly as much as it does now.
https://www.heritage.org/poverty-and...aten-democracy
Verified User
Your Russian and global and gutter enemy bitch tRump and his gutter insurgency added about $8 trillion to the national and even global debt in terms of global trade, etc. Yet, I hope you have the pleasure of kissing tRump's gutter hide all the way the way to hell.
Trump's Impact on the National Debt
The national debt has increased by almost 36% since Trump took office
President Trump Holds First Campaign Rally Since Coronavirus Diagnosis
•••
Table of Contents
The National Debt Under Trump
How Will Trump Reduce the Debt?
Trump's Business Debt
How the National Debt Affects You
BY KIMBERLY AMADEO REVIEWED BY
MICHAEL J BOYLE
Updated April 07, 2021
During the 2016 presidential campaign, Republican candidate Donald Trump promised he would eliminate the nation’s debt in eight years.1
Instead, his budget estimates showed that he would actually add at least $8.3 trillion, increasing the U.S. debt to $28.5 trillion by 2025.2 However, the national debt reached that figure much sooner. When President Trump took office in January 2017, the national debt stood at $19.9 trillion. In October 2020, the national debt reached a new high of $27 trillion. That's an increase of almost 36% in less than four years."
https://www.thebalance.com/trump-pla...l-debt-4114401
blackascoal (04-08-2021), no worries (04-08-2021)
Verified User
Yes, Dotard did.
December 24 2017
Days before heading away for the holidays, Trump told White House reporters that the tax bill would be "one of the great Christmas gifts to middle-income people." However, Mar-a-lago's exclusive dinner guests would have paid a $200,000 initiation fee and $14,000 in annual dues to Trump's golf club and resort.
President Donald Trump joined his family at their "Winter White House" for the holidays Friday night after signing the GOP Tax Bill into Law, and reportedly told wealthy friends dining at Mar-a-Lago "you all just got a lot richer."
www.yahoo.com › news › trump-tells-rich-mar-lago
The rest of us? Not so much.
blackascoal (04-08-2021)
Verified User
Pulling crap out of your ass just means you got an empty ass
blackascoal (04-08-2021), Trumpet (04-09-2021)
Verified User
it improved but at less than it was improving under obama WITHOUT the tax cuts for the rich and big corporations and the 1.9 trillion dollars added deficit...duh.....good god. quoting world net daily?
About 18,600,000 results (0.70 seconds)
Obama's Last Three Years Of Job Growth All Beat Trump's ...https://www.forbes.com › chuckjones › 2020/02/07 › o...
Feb 7, 2020 — President Trump continues to gaslight that this is the “Best economy ever”. ... The Under 30 Drive | Paid Program ... of job growth was 2.314 million in 2018 (the first year of the tax cut) but it falls short of any of Obama's last three years. ... On average Obama created 43,000 more jobs per month than Trump.
Trump's Economic Growth Is Slower Than Obama's Last 3 Yearshttps://www.forbes.com › chuckjones › 2020/02/01 › tr...
Feb 1, 2020 — Each of the last three years of Obama's economy were stronger than Trump's 2019 ... The Under 30 Drive | Paid Program ... from 2.9% in 2018 and just below 2.4% in 2017, Trump's first year in office. ... It went from a 4.6% growth rate in the June quarter to 3.2% in September to 1.8% in the last three months.
The Trump economy versus the Obama economy in 16 charts ...https://www.washingtonpost.com › business › 2020/09/05
Sep 5, 2020 — Trump often claims the economy was the “greatest in history” before the pandemic hit. ... second term when the economy added more than 225,000 jobs a month. ... The economy grew just shy of 1 percent in Obama's first term when the ... Even with the deep blow of the pandemic that caused a 30 percent ...
The 'Trump economy' vs. the 'Obama economy' - The ...https://www.washingtonpost.com › politics › 2018/09/18
Claim: “We’ve accomplished an economic turnaround of historic proportions.”
Claimed by: Donald Trump
Fact check by The Washington Post: False
as far as black unemployment rate- all it did was follow the same path as it had under obama after the Bush Recession-
Verified User
The idea is that sometimes the car that you drive that gets you where you want to go needs the money you have in your pocket for gas. Sometimes the car needs a couple hundred for a new set of snow tires. Sometimes a hun here or there needs to go toward a tuneup and points and plugs.
And you might see the expense as a MAJOR butt hurt to pay the car when you would rather have and keep ALL that money for yourself.
But in the end you realize that the money that goes to your car is to keep that machine working in order to benefit you and your family and all your dreams and goals and jobs and appointments and recreation.
By being penurious with the dollars that go to the rich guys, you are strangling the economy that you depend on and THAT is being penny smart but pound foolish.
And THAT is part of why poor people get less money and have and keep less money. Because they don't see the whole picture.
They think the car is evil because it needs to be fed to remain available for them to drive to get them around town.
And when they deny the car the fuel or the repairs it needs THEY will be the ones who suffers the most.
NOT the car.
NOT the rich guys.
You will just have your short term satisfaction of cutting off your nose to spite your face.
And you will STAY impoverished.
And the Communists want you to remain poor at your own hand.
Easier to manipulate.
Verified User
Obama CLEARLY had no idea of how to do what Trump did. He said it was impossible to do without a magic wand.
Trump's Magic Wand Brought Jobs Back To America (Best of 2017)
Verified User
Here is CNN and MSNBC gushing over Trump's accomplishment. They weren't trying to pretend that Obama had anything to do with the figures they report here. THEY WERE IMPRESSED. ASTOUNDED.
Trump Makes Obama Regret His Jobs Prediction*
Verified User
The DNC and the other bad guys in hiding directed their collusionist and dishonest media to punk the American voters.
They succeeded in feeding you ONLY BAD NEWS about Trump.
And you were too gleefully obsessed with putting him down to realize that they were stealing your free will by reporting only 5% of the good things Trump did.
The Video That Made Me Love Trump
Brandon Straka
I walked away from the Democratic Party in March of 2017, but I didn’t walk right to Trump. It was after seeing this video many months after I’d walked away that completely brought me over to him.
Verified User
#Walkaway Campaign Goes To Harlem. Here's What Residents Had To Say About The Democratic Party
Verified User
Trump never topped Obama's best annual GDP growth.
When I die, turn me into a brick and use me to cave in the skull of a fascist
Verified User
#Walkaway is a Russian Active Measure that you fell for because you're a sucker.
When I die, turn me into a brick and use me to cave in the skull of a fascist
Verified User
JPP Contributor
"CORPORATIONS" INCLUDES EVERY SMALL BUSINESS AND MOM and POP OPERATION IN AMERICA.
TRY AGAIN.
BIDEN IS BENEFITTING FROM THE BOOMING TRUMP ECONOMY NOW....
TRUMP WILL TAKE FORTY STATES...UNLESS THE SAME IDIOTS WHO BROUGHT US THE 2020 DUNCE-O-CRAT IOWA CLUSTERFUCK CONTINUE THEIR SEDITIOUS ACTIVITIES...THEN HE WILL WIN EVEN MORE ..UNLESS THE RED CHINESE AND DNC COLLUDE, USE A PANDEMIC, AND THEN THE DEMOCRATS VIOLATE ARTICLE II OF THE CONSTITUTION, TO FACILLITATE MILLIONS OF ILLEGAL, UNVETTED, MAIL IN BALLOTS IN THE DARK OF NIGHT..
De Oppresso Liber
Posting Rules
Bookmarks