“Americans are experiencing the best economy in at least 50 years. And fueling that strong and growing economy, has been President Trump’s Tax Cuts and Jobs Act.”
HUGE Lie! Obama’s Economy was better (with NO Tax Cut!)
Trump Claims the Economy Is the Best Ever—These 11 Facts Tell a Different Story
Two years later, every promise made about the GOP tax cuts has been broken
A twitter thread on the GOP Tax Cut LIE:
50 Years?
Representative Mark Meadows LIED on the Floor of the House!
“Democrats always dismiss tax cuts as “tax cuts for the rich!” In fact, that’s the opposite of the truth.”
Huh? In 2017, I got a tax cut of $318.00 – Berkshire-Hathaway received a ax cut of $29 Billion (With a B!)
http://www.berkshirehathaway.com/2017ar/2017ar.pdf
“To the Shareholders of Berkshire Hathaway Inc.:
Berkshire’s gain in net worth during 2017 was $65.3 billion, which increased the per-share book value of both our Class A and Class B stock by 23%. Over the last 53 years (that is, since present management took over), pershare book value has grown from $19 to $211,750, a rate of 19.1% compounded annually.*
The format of that opening paragraph has been standard for 30 years. But 2017 was far from standard: A large portion of our gain did not come from anything we accomplished at Berkshire.
The $65 billion gain is nonetheless real – rest assured of that. But only $36 billion came from Berkshire’s operations. The remaining $29 billion was delivered to us in December when Congress rewrote the U.S. Tax Code.
http://www.berkshirehathaway.com/2017ar/2017ar.pdf
The $29 Billion given to Berkshire-Hathaway in 2017 was more than their 2016 and 2015 EARNINGS!
GOP tax plan favors the richest, analysis shows
I need to repeat your lie!
“Democrats always dismiss tax cuts as “tax cuts for the rich!” In fact, that’s the opposite of the truth.”
America’s richest 400 families now pay a lower tax rate than the middle class
For the first time in history, U.S. billionaires paid a lower tax rate than the working class last year
Let me fix your lie: “Democrats always dismiss tax cuts as “tax cuts for the rich!” In fact, Democrats are ABSOLUTELY RIGHT!:
“As a result of President Trump’s Tax Cuts, 90% of Americans saw their paychecks increase!”
Trump Gave Americans a Massive Tax Cut. Few Are Noticing — And That’s a Problem for Him
Perceptions
“But an NBC/Wall Street Journal poll this month showed that just 17 percent of Americans believe their taxes have been cut. A Reuters/Ipsos poll in March found that 21 percent thought their taxes were lowered.
That’s despite an analysis by the nonpartisan Tax Policy Center that two out of three taxpayers would see their taxes go down. The biggest benefits, though, go to the top 1 percent, who are projected to receive an average tax break of $62,000 in 2018, while the middle one-fifth of income earners got an average tax cut of $1,090 — about $20 per biweekly paycheck.”
https://time.com/5570679/trump-tax-cuts/
17% or 21% or even two out of three is NOT 90%!
“Under President Trump, Americans are receiving an average of over $2,200 from the Child Tax Credit, saving American families almost $90 billion.”
Trump’s Plan for the Child Tax Credit Does Not Meet Working Families’ Needs
:And as a result of the historic tax cuts, nearly 9,000 Opportunity Zones were created across the country in communities that need it most. These Opportunity Zones will spur $100 billion in private capital investment and help nearly 35 million Americans.”
Citation? Evidence?
Why Opportunity Zones Won’t Work
The Problem With Opportunity Zones
Are Opportunity Zones Working as Intended?
Opportunity Zones’ Biggest Myths
Opinion: Opportunity zones are all sizzle, fizzle and the abuse of good intentions
“Another bonus, is American families in all 50 states have seen lower utility bills as a result of rate reductions tied to the Tax Cuts and Jobs Act.”
How do you lie so easily? Do you not realize we PAY these bills? We have GOOGLE?
Texas electric customers could see higher bills in 2019
The SaveOnEnergy.com® Electricity Bill Report: Who paid the most, least?
How have electricity bills changed since last year?
Bills in Iowa increased by the greatest percentage from a year ago, going up 8.0 percent year over year – meaning residents paid about $8.50 more for electricity in September 2019. Bills increased year-over-year in 28 states.
https://www.saveonenergy.com/learning-center/post/electricity-bills-by-state/
How do you lie so easily GOP?
“Despite these historic results, all of the 2020 Democrats have pledged to repeal President Trump’s tax cuts, which means raising taxes on almost every single American, members of the middle class included.”
I have pledged to repeal President Trump’s tax cuts!
One jarring chart shows how taxes on workers have essentially replaced those on corporations
https://limbaugh2020.com/the-gop-tax-cut-has-to-be-repealed/
https://limbaugh2020.com/amazon-will-pay-0-in-taxes-on-11200000000-in-profit-for-2018/
“We’ve got the hottest economy that anyone can remember. Raising taxes is exactly the wrong thing to do!“
Not as hot as Obama’s economy and he didn’t have to pass a massive giveaway to the rich and corporations to achieve it!
The 2016 GOP Platform promised a Balanced Budget!
The 2016 Republican Party Platform
” Reducing the Federal Debt
Our national debt is a burden on our economy and families. The huge increase in the national debt demanded by and incurred during the current Administration has placed a significant burden on future generations. We must impose firm caps on future debt, accelerate the repayment of the trillions we now owe in order to reaffirm our principles of responsible and limited government, and remove the burdens we are placing on future generations.”
https://prod-cdn-static.gop.com/media/documents/DRAFT_12_FINAL[1]-ben_1468872234.pdf
WOW!
Trump and the National Debt
“Instead of Eliminating the Debt, Trump Will Add $8.3 Trillion”
https://www.thebalance.com/trump-plans-to-reduce-national-debt-4114401
The national debt just barreled past $23 trillion. Here’s how Trump’s $3 trillion portion compares to Obama, Bush, and Clinton.
https://limbaugh2020.com/white-houses-kudlow-22-5-trillion-debt-is-not-a-huge-problem/
These Promises in 2016 GOP Platform were all LIES!
Where are term limits?
