2017 GOP Tax Cut & Jobs Act: Republican majorities to vote on extension in 119th Congress before expiration on 12/31/25

[wickedsm]

demand drives supply.
supply does not drive demand.

it doesnt matter if mercedes benz can open a showroom on every city block if there is no one who is able to afford purchasing one.

low and middle class earners spend more of their money putting it out into the economy which insures that other people have jobs selling or making or srvicing those things that
the low and middle class buy. wealth sitting in an offshore account or just gaining intrest and or dividends here in the US doesnt create any additional jobs, just more money for those who hold it.

trickle down does NOT work.
its never worked.
its not going to work.

 

[Leasy]

demand drives supply.
supply does not drive demand.

it doesnt matter if mercedes benz can open a showroom on every city block if there is no one who is able to afford purchasing one.

low and middle class earners spend more of their money putting it out into the economy which insures that other people have jobs selling or making or srvicing those things that
the low and middle class buy. wealth sitting in an offshore account or just gaining intrest and or dividends here in the US doesnt create any additional jobs, just more money for those who hold it.

trickle down does NOT work.
its never worked.
its not going to work.

While other countries middle class is striving and growing... America will be declining by design. People better wake up even though in my opinion the tax bill won't pass.

 

[BillBanneker]

demand drives supply.
supply does not drive demand.

it doesnt matter if mercedes benz can open a showroom on every city block if there is no one who is able to afford purchasing one.

low and middle class earners spend more of their money putting it out into the economy which insures that other people have jobs selling or making or srvicing those things that
the low and middle class buy. wealth sitting in an offshore account or just gaining intrest and or dividends here in the US doesnt create any additional jobs, just more money for those who hold it.

trickle down does NOT work.
its never worked.
its not going to work.

I wish I could send this to msmbc and cnn and force them to repeat verbatim when a republican/conservative troll is on air

 

[☑︎#VoteDemocrat]

Theres never was a tax bill a republican congress would create that you'd ever like, so you might as well accept it. It wasn't gonna get better

 

[Blackfyre]

Theres never was a tax bill a republican congress would create that you'd ever like, so you might as well accept it. It wasn't gonna get better

 

[Jimi Swagger]

I wanted to create a separate thread so this link wouldn't get lost in the multitude of sporadic comments and tweets. It provides charts and concise information on deciphering the tax bill. Interesting on how the middle class is defined.

The G.O.P. Tax Plan Can Be Confusing. Here’s Help Deciphering It.

 

[wickedsm]

I wanted to create a separate thread so this link wouldn't get lost in the multitude of sporadic comments and tweets. It provides charts and concise information on deciphering the tax bill. Interesting on how the middle class is defined.

The G.O.P. Tax Plan Can Be Confusing. Here’s Help Deciphering It.

are there charts for each year?
its really important for people to know that even if they might see a bump initially, it goes away year by year
the tax cuts for the 1%ers and corps are permanent though...

 

[Hood Critic]

 

[Jimi Swagger]

are there charts for each year?
its really important for people to know that even if they might see a bump initially, it goes away year by year
the tax cuts for the 1%ers and corps are permanent though...

A chart that compares the tax relief, by income from 2019 to 2027 is contained in the link provided that with a sublink detailing changes by selected income.
Tax cuts are permanent for corporations and estate tax, however, individual income tax works the same across the board.
Also, midterms are approaching...

 

[tru_m.a.c]

trickle dooooooooown

 

[Serious]

if I'm interpreting this right......
Even rich people are losing money on this.....

 

[Gus Money]

CEOs agree: Corporate tax cuts won't trickle down

Given this, tax cuts for corporations are just tax cuts for the rich by another name. Claims that corporate tax cuts will make it all the way down to workers’ wages are not supported by real-world evidence.

There is no evidence in recent American economic history, no evidence from international comparisons and no evidence from individual U.S. states that corporate tax cuts will boost the wages of American workers. This is a case we’ve been making for a while.

As it turns out, the CEOs of major companies agree with us. Companies including Cisco, Pfizer, Coca-Cola and Amgen have said that the gains from corporate tax cuts will go to shareholders.

When CEOs were asked at a Wall Street Journal event to raise their hands, “If the tax reform bill goes through, do you plan to increase investment — your company’s investment, capital investment,” few raised their hands.

White House National Economic Council Director Gary Cohn asked “Why aren’t the other hands up?” The hands weren’t up because the gains from corporate tax cuts will go to shareholders, not workers.

Trickle down is officially in the same category as flat earth theory and creationism.

 

[tru_m.a.c]

 

[tru_m.a.c]

Spoiler: tweet thread

 

[J_rock]

The simple fact of the matter is that the majority population of this country is comprised of idiots who don't understand basic policy, economics, or finance. Instead, they vote based on irrational emotion, bigotry, and nativist tribalism.


Eventually, their ignorance and stupidity will be the downfall of this nation and my only hope is that these dumbfukk white conservative republicans and their soulless overlords in the government are the first to get burned alive in the ensuing inferno .