But that's not what you said. You said he raised taxes on normal people, which he didn't.
Trump put most of the tax cuts towards cutting the corporate tax rate because the US has the highest corporate tax rate in the entire world. Trump put the corporate tax rate at the global average: 25%. If a 25% corporate tax rate is good for your beloved nordic welfare states and for your Canada, then it should be good for the United States.
The leading capitalist nation should not have a 40% corporate tax rate
The law created a single corporate tax rate of 21%.
Many of the tax benefits set up to help individuals and families will expire in 2025.
He made corporate cuts permanent but cuts for normal people to expire. It's just optics so idiots like you can be fooled into thinking it was anything but helping the rich get richer.
The rich got richer. The working class got richer in this scenario too. They did not get poorer. Both scenarios are good things. There is nothing wrong with the rich getting richer because the rich getting richer does not mean the poor get poorer. Both can get richer in unison, especially when the cost of goods/services go down.
The average annual earnings of both male and female full-time workers actually declined last year, but that drop was offset in the national data by the increase in the number of people with jobs,” The New York Times points out.
Just over 60 percent of millennials with debt don’t know when, or if, they’ll ever be able to pay off what they owe.
"According to the TPC, of the $6.2 trillion in cuts, the richest 1% will enjoy 47% of those cuts, or nearly $3 trillion over ten years. The middle class, however -- should we choose to define it as those taxpayers in the wealthiest 20% to 80% of the population--would receive only 20% of the tax cuts combined."
But that's not what you said. You said he raised taxes on normal people, which he didn't.
Trump put most of the tax cuts towards cutting the corporate tax rate because the US has the highest corporate tax rate in the entire world. Trump put the corporate tax rate at the global average: 25%. If a 25% corporate tax rate is good for your beloved nordic welfare states and for your Canada, then it should be good for the United States.
The leading capitalist nation should not have a 40% corporate tax rate
https://www.investopedia.com/taxes/trumps-tax-reform-plan-explained/
The law created a single corporate tax rate of 21%. Many of the tax benefits set up to help individuals and families will expire in 2025.
He made corporate cuts permanent but cuts for normal people to expire. It's just optics so idiots like you can be fooled into thinking it was anything but helping the rich get richer.
The rich got richer. The working class got richer in this scenario too. They did not get poorer. Both scenarios are good things. There is nothing wrong with the rich getting richer because the rich getting richer does not mean the poor get poorer. Both can get richer in unison, especially when the cost of goods/services go down.
https://fredblog.stlouisfed.org/2019/10/households-lightening-debt-load/
https://www.cnbc.com/2019/01/11/millennials-households-earn-more-money-than-ever-heres-the-problem.html
https://www.bloomberg.com/news/articles/2019-01-11/u-s-core-inflation-holds-steady-as-energy-drags-down-main-index
The average annual earnings of both male and female full-time workers actually declined last year, but that drop was offset in the national data by the increase in the number of people with jobs,” The New York Times points out.
Just over 60 percent of millennials with debt don’t know when, or if, they’ll ever be able to pay off what they owe.