If Trump’s tax plan doesn’t go through in the next couple of weeks, his entire presidency will be a failure. He will go down as the least effective president in history. Plus, he achieved this notable title with the entire government the same party as him. He has no excuse. Recess starts in a few weeks, and then after that, every politician begins working on their elections.
Trump wants his tax plan passed. Trump’s entire presidency can depend on if he gets these tax cuts passed. But he can’t want them passed that badly, considering they are just giveaways to his kids. If I was a Republican senator, I would not vote for these tax cuts, if I wanted to keep my job.
Trump’s tax cut would give a billion dollar wind fall to his children. In fact, all children of millionaires would get an estimated $174 billion in new tax cuts over the next ten years.
Here is the best part! Trump’s tax plan intends to afford multi billion dollar giveaways to his kids, by stripping me and you and every uneducated Trumpkin of our health benefits. Millions will be stripped from Medicaid, Medicare spending will be cut, Social Security will be cut, education will be cut, and our kids will get douched with more than one and a half trillion dollars of debt! HuffingtonPost
But at least those swamps are drained, right? LOL!
Despite failing every single time, Republicans have been drilling trickle down economics into all of their policies for the past 35 years. In fact, every single Republican is in office to lower taxes for their supporters, their friends, and themselves. That is all they care about.
Well, it didn’t happen after the 1986 Tax Reform Act. Wages fell in the months and years after President Ronald Reagan signed the bipartisan legislation in October 1986, which slashed the corporate tax rate from 46 to 34 percent.”
“There’s just not any evidence that there’s a huge effect on wages or economic growth” if you cut business taxes, says Len Burman, co-founder of the Tax Policy Center, a think tank, and a former Treasury official under President Bill Clinton. Forbes
Trump’s tax plan would eliminate the estate tax. This is kind of strange, considering it only affects a few thousand uber-wealthy families. According to the Joint Committee on Taxation, 99.8% of estates owe no estate tax at all. That means that getting rid of the estate tax will only benefit the wealthiest 0.2% of Americans. Fox News celebrated this story with the headline, Trump GOP Tax Plan: The Estate Tax May Soon Disappear. Undoubtedly, millions of uneducated Trumpkins read that headline and did a little fist pump in the air, bragging about all the money Trump is going to save them.
The estate tax affects only a handful people. However, his kids are included in this tiny group. Isn’t that the definition of political corruption? When an elected official mangles legislation to benefit himself and his family. He promised America he would “drain the swamps”. Trump is doing the exact opposite.