General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSo, It Turns Out Democrats Were Right About Tax Cuts
Just 4.3% of workers will get a one-time bonus or pay hike tied to the Trump tax cuts... businesses got 9X more in cuts than what they passed on to their workers & companies spent 37X as much on stock buybacks than they did on bonuses and increased wages. https://t.co/KYOj8WuMlz
Link to tweet
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CatWoman
(79,302 posts)good luck with that, republicans.
i just got back from the store and struck up a conversation with this guy while in line. he was mortified to learn that the GOP did away with the home mortgage tax deduction. people really need to read and educate themselves .
guillaumeb
(42,641 posts)But FOX watchers rarely have much information about the issues.
Lucky Luciano
(11,258 posts)making the max deduction based on a $750k mortgage instead of one million. Still a real hit where housing is expensive (blue states).
LiberalLovinLug
(14,176 posts)Most Trump supporters do not read and educate themselves. Or if they do, they never stray far from Fox News and other CT media outlets which feed them fake news.
While Democrats may be chuckling to themselves and winking at each other of how monstrous this bill is turning out to be, and how easy this will be to win on, Republicans and their media minions are screaming how great the bill is for the average worker, how great our great President is, and...oh....anything the Democrats say about it is FAKE NEWS and should never be believed. And it will work on them. Why wouldn't it? Its an old family recipe that still works.
subterranean
(3,427 posts)That will definitely make my tax bill this year higher than it would have been under the former rules.
Volaris
(10,274 posts)Mortgages are for little dirty working people who can't pay cash for houses like republican donors can.
IronLionZion
(45,518 posts)private mortgage insurance is one thing Dems slipped back in. It's good to check if there are more that might affect DUers.
Arkansas Granny
(31,528 posts)Wellstone ruled
(34,661 posts)a major chunk of this Tax Cut goes to Foreign entities.
Freethinker65
(10,037 posts)Iliyah
(25,111 posts)that $40.00 per month "extra" in their pay check is "Gawd" sent from their Gawd.
Per them, t-rump is not perfect but he really, truly cares about them and loooooooooooves America!
And yes, the Dems were right.
leftyladyfrommo
(18,869 posts)Historic NY
(37,452 posts)[link:
|]Bernardo de La Paz
(49,034 posts)mn9driver
(4,428 posts)My tax bill will increase by about 20 percent next year.
But thats because I live in a blue state and belong to a union.
djacq
(1,634 posts)[link:
|Grammy23
(5,811 posts)And the really true believers listen to the twit in the White House (aided by his squawkers over at Fox) and are impressed that they will see an increase in their paychecks without bothering to see what it COST them. Will they ever learn? Or will they figure it out much too late?
Wounded Bear
(58,700 posts)for the last 30 years or so.
groundloop
(11,521 posts)Versions 1 and 2 didn't work so well, but somehow repubs think that doing the exact same thing will suddenly have a different outcome than before. Some people call that insanity, I'll just call it stupid.
Wounded Bear
(58,700 posts)After all, the intent of Trickle Down Economics is to enrich the wealthy and penalize the poor.
Mission Accomplished.
Achilleaze
(15,543 posts)such an old old story...sad
Progressive dog
(6,918 posts)truth doesn't matter.