The consistent lesson from the last 35 years is that if you want to crash the economy, elect a Republican administration.
U.S. Economy Shows Signs of Strain From Trump’s Tariffs and Spending Cuts
- Thread starter Cypress
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Into the Night
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You can't blame the economic depression started by DEMOCRATS on Trump!
You can't blame the economic depression started by DEMOCRATS on Trump!
The federal government is not a manufacturer. There is no 'tipping point'.
Mindlessly quoting some twit from Berkeley and Democrat propaganda sources.“It seems almost unavoidable that we are headed for a deep, deep recession,” said Jesse Rothstein, Berkeley professor and former chief economist at the US labour department.
Economists are starting to worry about a serious Trump recession
Tariffs on America’s neighbours and assault on federal government will hit US economywww.telegraph.co.uk
Into the Night
Verified User
No, it isn't.
MAGA isn't a person.
Blatant lie (denial).
Blatant lie (denial).
Blatant lie (denial).
Into the Night
Verified User
Blatant lie (compositional).
Into the Night
Verified User
DON'T TRY TO DENY WHAT DEMOCRATS DID TO THE ECONOMY, LIAR!
BartenderElite
Verified User
Trump is failing, and ruining our economy.
tigerred59
Verified User
the child tax credit for 80 million tax payers is on the choppin block....I can not wait til it becomes known to the public....love it
Guno צְבִי
We fight, We win, Am Yisrael Chai
Into the Night
Verified User
You can't blame the economic depression started by Democrats on Trump!
Into the Night
Verified User
No matter how you idiots try, you cannot blame the economic depression that Democrats started on Trump!
Tbird19482
Verified User
The markets were down again Thursday he is doing well destroying the economy and the USA
The Nasdaq Composite fell 530.84 points to close at 18544.42. The S&P 500 fell 94.49 points to close at 5861.57. The Dow industrials fell 193.62 points to close at 43239.5..
Althea
Althea told me...
Because since Raygun, they keep employing the same failed policies. trump is different because he actively works to break things, while still giving the huge tax giveaways.
Tbird19482
Verified User
Trump needs to see if he can run the debt up a few Trillion MORE then he did last time.
The right cried about Obama running it up about 8 trillion in 8 years and didn't say a word about Trump running it up almost as much and he did it in just 4 years.
And they aren't saying much about the debt now , I guess they only cry when there is a Dem in the W H .
Althea
Althea told me...
Throughout history
Let's not forget that Obama inherited a near depression and created a stimulus package in an attempt to keep half of the nation from living in the street.
trump inherited Obama's booming economy and immediately gave massive tax breaks to billionaires.
Tbird19482
Verified User
Yep Trump fucked thing up the first time and it looks like he didn't learn and in just a month is already starting to fuck things up AGAIN.
It is going to be one hell of a ride so hang on.
Diogenes
Nemo me impune lacessit
I'm not afraid. Are you?
Diogenes
Nemo me impune lacessit
Is it?
There’s no direct evidence that the Child Tax Credit (CTC) is specifically "on the chopping block" for 80 million taxpayers. The phrase seems to stem from misinformation or exaggeration circulating online, possibly linked to recent tax policy debates.
Let’s break it down.
The CTC currently benefits around 40 million families annually, not 80 million individual taxpayers, based on historical White House and IRS data.
The Tax Cuts and Jobs Act (TCJA) of 2017 doubled the credit to $2,000 per child under 17, with a refundable portion up to $1,700 for 2024 (filed in 2025), and it’s set to expire after 2025 unless Congress acts.
If it expires, the credit drops to $1,000, phase-out thresholds lower (from $200,000/$400,000 to $75,000/$110,000 for single/joint filers), and eligibility tightens—impacting millions, but not 80 million taxpayers directly.
Recent chatter online and by some "new"s outlets has speculated about Republican plans to cut or eliminate the CTC to fund other priorities, like Trump’s tax cuts or tariffs.
Posters online, for instance, claim it’s part of a broader GOP budget overhaul, alongside cuts to deductions and social programs.
However, no concrete legislation targeting the CTC for 80 million taxpayers exists as of now.
The 2024 Tax Relief for American Families and Workers Act, a bipartisan bill that passed the House but stalled in the Senate, actually proposed expanding the refundable portion (to $1,800 in 2023, $1,900 in 2024, and $2,000 in 2025), benefiting about 16 million children in low-income families—not cutting it.
The “80 million” figure might be a misinterpretation of broader tax policy impacts or a conflation with the TCJA’s total beneficiaries (over 80 million households saw some tax relief from it). Posts on X suggest confusion between taxpayers and families, or an inflated scare tactic. Without TCJA extension, 40 million families could see the CTC halved, per Rep. Mike Lawler’s estimate, but that’s still not 80 million individuals losing it entirely.
Politically, the CTC has bipartisan support—Trump himself touted it, and Biden’s 2025 budget pushes to restore the 2021 expansion ($3,000-$3,600 per child). GOP proposals, like requiring SSNs for both parents and children, aim to tighten eligibility, not axe it.
The real risk is inaction: if Congress doesn’t extend the TCJA by December 2025, the credit shrinks automatically in 2026. That’s not a deliberate “chopping block” for 80 million, but a reversion affecting a smaller, significant group—roughly 40 million families, or about 60-70 million people including kids.
So, no, the CTC isn’t currently slated for elimination for 80 million taxpayers. It’s at a crossroads—possible reduction if nothing happens, or expansion if new laws pass. Check the latest from the IRS or Congress for updates; the narrative’s muddy, but the numbers don’t match the claim.
@Grok
Why?
Into the Night
Verified User
Meh. A nothing.