Trump’s Tax Cut – FDR Would Be Envious
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After the most grimly horrifying presidential election in living memory, we are left with a shocking upset in favor of the horror: Donald Trump has defeated Hillary. off their health insurance..
when president donald trump tweeted that the Senate should “switch to 51 votes immediately, and get Healthcare and tax cuts approved, fast and easy..” Putting aside the fact that Democrats never did.
WASHINGTON >> President Donald Trump took credit in an interview. For Trump, the idea is that cutting taxes would inject more money into the economy. The government would run higher deficits to.
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· Democrats and pundits went ballistic Wednesday over President Trump’s planned Fourth of July extravaganza on the National Mall, but some tourists visiting Washington cheered the president’s.
John F. Kennedy also cut FDR’s tax rate for top earners from 90% down to 70%, when he cut taxes 20% across the board for all Americans, saying that a “rising tide lifts all boats” and causing rapid economic growth to occur from 1965 to 1968, spurring tax collections to grow at an 8.6% annual average and lowering unemployment to 3.4%.
When in reality the taxes that are being cut greatly benefit the super wealthy and almost nobody else, the money saved by things like the estate tax being cut will not be used to make your wages higher or benefits better, you will be getting no piece of the pie.
Trump’s Tax Cut – FDR Would Be Envious. And it’s why there was such staunch opposition to it in Congress. Democratic leadership understand that the triple-whammy of eliminating the State and Local Tax exemption, lowering corporate tax rate to 20% and incentivizing the on-shoring of corporate profits held overseas will gut their support at the electoral college level.
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