Kudlow: Why do people still believe tax cuts are bad and government spending is good?
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- Опубликовано: 28 сен 2024
- Forbes Media chairman Steve Forbes and former Council of Economic Advisers Chairman Kevin Hassett discuss how some economists are claiming the Trump agenda will fuel inflation on 'Kudlow.'
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It's not their Money.
Waaaaahhhh!! Save us Honest Donnie!!! Tax cuts for millionaires will save us!!!
Tax CUT Bad ? Gang Green GOOD? Insanity !!!
Waaaaahhhh!! Save us Honest Donnie!!! Tax cuts for millionaires will save us!!!
@@robyoung-pl1gq Ya not smart are you.
@@ttanne7838 Smarter than you.
Because we’re being lied to.
Waaaaahhhh!! Save us Honest Donnie!!! Tax cuts for millionaires will save us!!!
@@robyoung-pl1gq MAY 09, 2024
Despite CBO’s Predictions, Trump Tax Cuts Were a Boon for America’s Economy and Working Families - - - Key Facts:
In fiscal year 2022, federal tax revenues reached a record-high of $4.9 trillion - $1.6 trillion or 48 percent higher than when the Trump tax cuts were passed and $884 billion higher than CBO’s projections for 2022.
Corporate tax revenues reached a record-high of $425 billion - $128 billion or 43 percent higher than when the Trump tax cuts were passed and $72 billion higher than CBO’s projections for 2022.
Individual tax revenues reached a record-high of $2.6 trillion - over $1 trillion or 66 percent higher than when the Trump tax cuts were passed and $642 billion higher than CBO’s projections for 2022.
On average, revenues increased $205 billion per year over CBO’s projections.
In the first two years after passage of the Trump tax cuts, GDP growth was a full percentage point higher than CBO’s pre-TCJA forecast.
According to the White House Office of Management and Budget, every additional one percent of sustained GDP growth will result in $600 billion in new revenues over 5 years and $2.8 trillion over 10 years.
Following passage of the Trump tax cuts…
Real median household income rose by $5,000 - a bigger increase in just two years than in the prior eight years combined.
Wages increased 4.9 percent, the fastest two-year growth in real wages in 20 years.
The poverty rate and unemployment rate reached their lowest levels in 50 years, with all-time lows in unemployment among African American and Hispanic workers, and those without a high-school degree.
The bottom 20 percent of earners saw their federal tax rate fall to its lowest level in 40 years.
Americans earning under $100,000 received an average tax cut of 16 percent.
The share of taxes paid by the Top 1% of households increased while the tax burden paid by lower income earners decreased. ^^^ source, BUDGET COMMITTEE
@@robyoung-pl1gq Allowing the Trump tax cuts to expires will mean higher taxes on working families and businesses, including…
A family of four earning $75,000 will owe an additional $1,500 in taxes.
A family of five with two earners making around $100,000 will owe an additional nearly $7,500 in taxes.
The Child Tax Credit will be slashed in half from $2,000 down to $1,000.
The guaranteed deduction that 90 percent of taxpayers use to simplify their tax filing will be slashed in half.
The 20 percent deduction that helps small businesses compete with larger corporations goes away leaving small businesses facing a 43.4 percent tax rate.
There have been no changes to CBO’s methodology to address other miscalculations…
For fiscal year 2023, CBO under projected the budget deficit by $1 trillion.
The green tax provisions in the Inflation Reduction Act (IRA) were originally estimated to cost $400 billion through FY 2031. This has since been revised up by two-thirds, to about $660 billion through FY 2031 or $790 billion through FY 2033.
@@robyoung-pl1gq I hope you enjoyed the debate.
Classic case of the blind leading the blind 😂
You mean tRump leading you idiots.
Meaning?
@@oliphauntsneverlie6227 The rethugs are trying to project and deflect. The cult is being led by the orange faced idiot. "Blind leading the blind". LMAO
@@oliphauntsneverlie6227 APRIL 01, 2024
Biden's New EPA Tailpipe Rule Penalizes American Energy Independence - - - The American taxpayer should not be on the hook for hundreds of billions of dollars imposed by radical policies to create an artificial market for something very few want or can even afford. President Biden’s Fiscal Year 2025 (FY25) budget is filled with even more spending and taxing that would harm Americans:
$4.9 trillion in new taxes on American families and producers.
$86.6 trillion in spending over 10 years.
$120 billion in new taxes on American energy producers.
$900 million to expand the EPA.
$11 billion for President Biden’s commitment to “international climate finance”.
$4.4 billion for the Department of Homeland Security’s “climate resilience programs”.
$8 billion in mandatory funding for AmeriCorps’ American Climate Corps (ACC) initiative to support an additional 50,000 ACC members annually by 2031 to “mobilize a new, diverse generation of… climate resilience workers.” ^^^ source, BUDGET COMMITTEE
Theirs an old saying: 'Don't pee down my back and tell me it's raining.' These Nobel prize winners will have you believe that it's not only raining, but it's raining beer. 😬
We’ve become accustomed to working for government. Every financial transaction we are involved in includes a government entity as part of the transaction. Their names are FICA, FITW, SITW, SALES TAX, EXCISE TAX and on and on. Our elected representatives count our money as theirs to spend!
WHY,BECAUSE WE THE PEOPLE ALLOW IT!!
Waaaaahhhh!! Save us Honest Donnie!!! Tax cuts for millionaires will save us!!!
People have zero idea how the economy actually works.
Why?...Because "we are like sheep without a shepherd, we don't know how to be alone. So we wander around this desert and wind up following the wrong gods home."
Why are tax cuts bad ? When basic economics is not taught in high school anymore as my neighbor didn't understand. When i explained that a tax is a cost for a business has to pay. Which in turn is add to the price for the product or service that you pay when purchasing it.
Tax cuts are good. People have more to spend. That results in more demand, and the end result is inflation. The fed tries to control inflation, and the beat goes on..
@paulward5491 Not exactly. Govt meddling in Private Sector industries is a major cause. Taxpayer-funded govt jobs are not true "Economic Growth."
Why?
@@paulward5491 Low inflation (like Trump had) are both good and necessary for growth. Take an economics class.
Idiocracy has consequences.
Nobel to the highest bidder.
A corporation has an obligation to their investors. Government on the other hand only has obligations to itself. There lies the problem.
Before Joe we could eat steak a couple times a week but now we eat hamburger.
Just look how ordinary people are overextended with charge & credit cards!
Waaaaahhhh!! Save us Honest Donnie!!! Tax cuts for millionaires will save us!!!
Because the almost $8 trillion dollar deficit added during the Trump administration.
It’s amazing how blind our people really are.
No, they don't see through it. They say, 'oh the stocks are doing ok, so even though a lot of people are broke, hey, it's not so bad'. 🙄
I still believe that I saw an article on labor tax that it is UNCONSTITUTIONAL had you not signed up for your 1st w2 forms you would not be taxed now
The point is we should NOT SPEND more than we take in simple
They love spending tax dollar money. It’s free money in their minds. “This money is Free and we can spend it on whatever we want, we can even spend it on ourselves.”
Waaaaahhhh!! Save us Honest Donnie!!! Tax cuts for millionaires will save us!!!
@@robyoung-pl1gq You enjoy paying higher taxes?
Lol, who am I kidding, I doubt you pay any taxes at all.
@@hera7884 Waaaaahhhh!! Save us Honest Donnie!!! Tax cuts for millionaires will save us!!!
@@robyoung-pl1gq Grow up or the rest of the World will leave you behind.
Don’t forget about JFK TAX PLANS BACK IN THE 60S
RFK wants to increase spending, he says :(
@@xanderLudahl not talking about RFK talking about JFK. The gentleman that was president back in the 60s.
Back then some democrats had common sense. Those days are long gone.
Ok, tinfoil!!!
The reason why is because no one who could explain it can't because they can't articulate it. It's OUR money!!!
Ignorance is cyclical.
We need to shrink government bureaucracy and force and reduce budgets of agencies in order to make a leaner, more efficient, government. Develop a cash reserve, an oil reserve, and a military hardware reserve. Stop destroying the economy, citizen's lives, and other countries, with all of this ridiculous over spending and over taxing.
That's why corporate raiders like Vivek, would be pretty great in gov't. Cuts
@@luisadorno3214 well then if you want to shrink govt then cut SS, Medicare and Medicaid as part of the govt spending cuts. No exemptions nor excuses.
Government spending = handouts. To individuals and businesses.
Gotta buy those corporate donations somehow!
The smart people in the room really don't know......................................
Because trickle-down economics is a joke.
The rich are tax exempt and can do whatever they want to do and that is a good thing.
I have a whole laundry list of things to cut in government, but first we need to elect Trump so we can have a leader that actually cares about tax paying citizens.
Waaaaahhhh!! Save us Honest Donnie!!! Tax cuts for millionaires will save us!!!
We remember the real economy growth of 45 today it is crumbling
Same crap for 3 tears
Waaaaahhhh!! Save us Honest Donnie!!! Tax cuts for millionaires will save us!!!
All you need to do is watch Yellen to give you no hope or trust in the government
People forget history! Example: When FDR nearly crushed the country, Eisenhower's response, among other things, was to slash taxes.
It worked
Ok, tinfoil!!!
Tax cut is Good,
Good for what? Adding national debt for our children to deal with? They are a political pawn. Used to put a smile on your face while our debt increases and lending cost go up.
No more income tax, only sales tax. People who want to spend will spend, people who want to save will save. Easy fix.
the BIDEN FY2025 budget would add $4.9 TRILLION in new taxes ^^^ source EXECUTIVE SUMNARY, HOUSE BUDGET COMMITTEE
@@jryecart8017 I prefer someone who thinks about cutting taxes and we know who that man his. Donald J. TRUMP!
@@GuillaumeRouleau MAY 09, 2024
Despite CBO’s Predictions, Trump Tax Cuts Were a Boon for America’s Economy and Working Families - - - Key Facts:
In fiscal year 2022, federal tax revenues reached a record-high of $4.9 trillion - $1.6 trillion or 48 percent higher than when the Trump tax cuts were passed and $884 billion higher than CBO’s projections for 2022.
Corporate tax revenues reached a record-high of $425 billion - $128 billion or 43 percent higher than when the Trump tax cuts were passed and $72 billion higher than CBO’s projections for 2022.
Individual tax revenues reached a record-high of $2.6 trillion - over $1 trillion or 66 percent higher than when the Trump tax cuts were passed and $642 billion higher than CBO’s projections for 2022.
On average, revenues increased $205 billion per year over CBO’s projections.
In the first two years after passage of the Trump tax cuts, GDP growth was a full percentage point higher than CBO’s pre-TCJA forecast.
According to the White House Office of Management and Budget, every additional one percent of sustained GDP growth will result in $600 billion in new revenues over 5 years and $2.8 trillion over 10 years.
Following passage of the Trump tax cuts…
Real median household income rose by $5,000 - a bigger increase in just two years than in the prior eight years combined.
Wages increased 4.9 percent, the fastest two-year growth in real wages in 20 years.
The poverty rate and unemployment rate reached their lowest levels in 50 years, with all-time lows in unemployment among African American and Hispanic workers, and those without a high-school degree.
The bottom 20 percent of earners saw their federal tax rate fall to its lowest level in 40 years. ^^^ source, BUDGET COMMITTEE
People are not affected by it personally. I bet if you asked 100 people how much they paid in taxes in ‘23, maybe 20 would know.
I bet the other 80 would know how much they received as a refund.
I think most do not care because it does not reach into their daily life. 👏👏👏
If you want to vote for Joe imagine a watermelon being $19.95 on sale!
While I am a Trump supporter and not taxing tips does sound great to me (any tax cut does) I say, tong in cheek, that I can fore see the first major corporation CEO who gets paid $1,000 in annual salary compensation and receives an annual $30 Million "TIP" from the company!
forget tax cuts, we should have to pay no taxes at all
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Larry, to fix the huge deficit we need to increase taxes and reduce "gubmint" spending. Your old trickle-down nonsense is just that.
I betcha they get a lotta boy oh boy if I had your money too boy 👦
Under Obama, I was homeless for 3 years dispite always having a job and working 60hrs per week. Under Trump, I was able to get a better job, get an apartment and gain some dignity back. That is my testimony
RING RING
The matter is whoever wins must govern by laws as duties or whoever wins whoever said so. Isn’t it in civilized countries, laws said so instead of winners said so? If confused, let our learning curve during this critical time to understand more or better instead of doing whatever likes ignoring what laws said so and learn into, understand more and better quickly as one great civilized nation by freedoms, entrepreneurship spirit and equality of opportunity and Christianity spirit kindness nature together through this God giving learning curve together.
Trump 2024
Trickle down economics doesn't trickle down it causes recession and poverty...
The greatest booms in the economy in modern times were during the Reagan and Trump administrations. And gross tax revenues were way Up during those times.
@@michealnelsonauthor
That is simply not true.
@@douglastovey2685
there's no such thing as "trickle down"
Tax less and do less. Let the people spend the money they earned on that which is important to them. Let entrepreneurs build non-essential roads, bridges, museums, or whatever. If it was a good idea to build it in the first place, the public would pay to use it. If it was a dud idea, they would not. If the government does it and charges nothing for the use, then how will we EVER know if it was a good idea or not? The government uses OUR money and spends it on what they THINK is important to us, or on vote winning ideas. They bribe us with our own money.
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Tax cuts are not always bad and spending is not always good.
It depends on who gets the tax breaks and what strings are attached.
Remember, it costs money to run the government sand provide the necessary services to the citizenry.
This also applies to spending. When spending is investment in the nation intended for growth, spending is necessary.
When government spending is on hedonistic endeavors, spending is inappropriate. Like spending government money on trying to impeach someone when there's no evidence to begin an investigation.
Frankly, Kudlow thinks viewers are idiots, that why he uses generalizations and blanket excuses.
Most viewers are idiots. Like you if you really think the gov't is good at anything.
Fox needs to be sued again
The reason the govt doesn't learn from their mistakes of misuse of our money is because is isn't "their" money but ours. The same way as if our children were in charge of the family budget instead of the adults. We need to put an end to it once and for all. Start with "drill baby drill" and term limits along with actual justice. Then cut 10 regulations for any one new one and continue until 90% of all these needless costly regulations are done away with. And put a limit on how much someone can sue others for, this will eliminate the back log in our courts.
You're so called money is long gone after the Fed Reserve Act came into existence topped with an enormous amount of debt and the removal of the gold standard.
Gov't doesn't want to learn - they just want to spend. And spend they do. And here we are.
@@oliphauntsneverlie6227 actually people don't want to learn as long as they expect their so called welfare checks and benefits such as SS, Medicaid and Medicare to keep coming in, there's no incentive for them to change.
FJB & Bidenomics FJB enough about the power control
FDJT. ByeDon 2024
Our Country is doing the best in the world right now!#1 in all categories and #1 in oil production! The highest in History!
Trump had the Lowest US oil reserves in history!! Even when oil prices crashed because of World Pandemic! Instead he went to the Soudi Arabia and got them to cut production to get oil prices Higher FACT
Waaaaahhhh!! Save us Honest Donnie!!! Tax cuts for millionaires will save us!!!
I'd like to see Trump asking Biden about his terrible policies. Of course Joe won't answer but then mention why doesn't Joe ever mention his policies? That would be telling for viewers.
Only thing Biden and the Dems do is say Trump is bad. They can't justify their own positions because they have nothing to offer.
Which policies?
@@Jimmy-yu9xy Bidenomics. The border. Biden's global policies. You know - everything Joe has failed at miserably yet you still support because you're stupid.
Trump has no policies, he's a grifting moron
@@Jimmy-yu9xy ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ
Tax cuts ❤
you don't get the tax cuts. You are too poor.
@@DevilTravels Everyone benefits from tax cuts even the poor. Even the gov't. I could spend my 32K in taxes far better than any gov't official.
@@oliphauntsneverlie6227 I'm pretty sure you would not want to pay a private business a toll to drive on the road.
Remember, the government is nonprofit, private businesses aren't.
GOOD QUESTION,BECAUSE THEY CAN POCKET WHAT THEY WANT AND NO ONE HELD ACCOUNTABLE!!!!!😂😂😂😂😂
Cult of Kane! Love that description of the demoRATS!
Some people aren’t smart! Less government spending equal more economic growth!
Tax Cuts means less revenue for the Government. This would mean the government should be on a reduced budget. They should prioritize debit, and cut wasteful spending.
What do you call wasteful spending? Social welfare? Food banks? Road improvements? A small tax cut that would invariably do little to nothing for the average American would cost about $1.5T (the same tax cut Trump did). It takes decades to reduce government spending. Cut the spending and then look at tax cut (many years later) but unfortunately government leaders aren’t in place long enough. Therefore tax cuts really aren’t a good idea because they are not planned well and are a political pawn.
@@Jimmy-yu9xyBULLSHIT. Tax cuts are ALWAYS A GOOD IDEA. THE LESS TAXES THE BETTER. NO MATTER WHEN IT HAPPENS.
@@Jimmy-yu9xyso, according to your fckd up reasoning, taxes should never be cut.
This comment above is bs the average citizen got a tax break and it has helped me and the more money that you give the government the more they will waste they will give more of your money to countrys that hate us
@Jimmy-yu9xy In 2023, ~$900 billion was wasted by the Fed govt. Also, the Pentagon has failed several consecutive audits. But we can send hundreds of billions to Ukr with no accountability?
The TCJA provided tax reductions across the board -- not just corporations that are just 15% of businesses. Most companies are smaller, pass-through companies. The tax rates are progressive, so higher income means a higher tax rate.
Hey kudlow, don't lie. You want tax cuts for the very rich. They can pay their fair share, just like everybody else. Your viewers may not understand, but intelligent people do.
Economics the "dismal 'science'".
$525 billion to Ukraine and $750 billion to illegals and $700 to Maui people that’s your president America”
Can anyone please tell us how much tax is collected on alcohol, tobacco, fuel and estates. They want to take almost everything thing you make and then they go create all these shell companies to avoid paying anything on what they steal via corruption.
Dairy Queen was once a family business. It had to be sold to pay the inheritance tax at about 50% of its value. Now you know why Warren Buffet like the inheritance tax because people like him can buy up businesses like Dairy Queen at bargain prices.
Because of the grade school system that doesn’t teach Economics, and for the universities that don’t require it as an elective, outside of business related majors.
Why would a Democrat pay taxes when he can get a Republican to do it for him?
Waaaaahhhh!! Save us Honest Donnie!!! Tax cuts for millionaires will save us!!!
Tax cuts to millionaires KRUDLOW!!
The difference between ignorance and stupidity is that ignorance is curable.
Because master manipulators are professional liars. Next question 🤔
Considering they gave Obama one, I'd say Nobel prizes aren't worth a bucket of warm spit.
Because once people are brainwashed into thinking something,they never change their minds 🤷♂️
Because you and Trump did the opposite, ramped up the deficite by 30%, tanked the economy and failed on infrastructure. 😂
Even games like simcity show effects of high taxes. The city falls apart and all kinds of problems begin like crime, business failures, etc.
“There is no such thing as a good tax.”
wrong how do we pay for roads an such?
@@scottbright595 While I agree with you in principle, I disagree in practice. (By the way, the statement is a very famous quote as you could tell. I find most of his quotes inspiring and truthful.)
That is because I strongly regard any tax in real life as a "necessary evil" due to the unfairness it creates and the very suboptimal way in which the tax money gets spent.
@@Cornerfield00 I know who Churchill is but that doesn't mean it isn't wrong, In a civilized society taxes pay for the needy, elderly, Children that don't have parents or mistreated and other necessary social programs. There are also infrastructure, defense and other necessary that make the world safe. When he said there is no such thing as a good tax people actually took care of the things they needed to instead of the relying on the government like they do now. I do agree that we spend ay more on non necessary things some is needed and actually good.
Working class folks should be taxed because the more money they have the more they want even more which is bad for our capitalist economy.
The better question should be, should those, who are incapable of thinking, be allowed to do what they naturally can’t?! And should someone smarter, be allowed to use those brainless for his personal advantage?
TRUMP NEEDS TO COME TO CENTRAL PA PENN STATE AND THEN PITTSBURG THIS WEEK !!!! HE NEEDS TO LOBBY FOR DAVE MCCORMICK MORE BECAUSE HES BEHIND BOB CASEY WHOS PART OF THE SWAP !!!! SUPPORTING OPEN BORDERS !!!!
Try this, Larry: absurd logic, shame feeding and credentialled incompetence as badge of a leader.
Trump 2024 People don't get it.
Larry. You are old, and slow and have lost your focus. Every tax cut in the last 40 years has added to the $35T debt that is coming due. For what? A few votes.
All our personal credit cards have limits on them. Why don’t we have the same limits on big government wasteful spending. No more hand outs to people that are able to work. Government benefits are all about giving people a hand up.
If Artificial Intelligence (AI) is the super tool it is purported to be, why has AI not been used to compute the optimum level of taxation for the level of spending that generates the highest amount of economic prosperity?
In my entire life when I was putting in all those 16 hour days. I never saw a government representative working beside me. But they sure want a piece of the profits. The government is worse than the mafia.
WHEN YOU CUT TAXES AND BORROWERS MORE YOU GET THE SAME RESULTS AS RAISING TAXES.
Why? Because most people are idiots.
Fed Bank needs to learn that raising rate model no longer works. Tax model increases Corp spending when rates increase increasing inflation.
On
You can help the people more, by not taking more away from them, but by letting them have more of what is already their's. Like tips for example, not taking from anyone, like loan forgiveness, and making someone else pay for it, but let the people keep what they earn. Come to Christ, and learn the truth.
____________________________________s8w___________________________________________________
Because that is what the Dems and the media (but I repeat myself) tell everyone ad nauseum.
About a month ago my 401k got back to where it was in the beginning of 2020. Four years wasted!
AMEN!
Is there a law that says stocks should keep rising forever?
@@paulward5491 no there is not. But my 401k doubled between 2016 and 2020. So there's that. Pretty stark difference if you ask me.
@@bigcatmc Why don't you move to a different country? See how that works for you.
Enough is enough vote Trump
Waaaaahhhh!! Save us Honest Donnie!!! Tax cuts for millionaires will save us!!!
BECAUSE U PUT 8 TRILLION ON THE DEBT, and we pay taxes for the greater good , better roads, saftey, if it worked how come the state that stopped all taxes went broke,,and if u make a million a yr isint that enough, will take 20 yrs and save all my pay to get a million, and i live really good, GREED IS BAD
Greed is bad? Have you looked at your use of the English language? 🤣
Kudlow is not an economist,he has no background as one. He just plays one on TV !
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Biden and Trump should have a cage boxing match and the winner will be our president
Three speakers act like the goal is the best interests of the American public. Quite the opposite.
Govt knows what you need better than you do?
@diniwozini5895 exactly. Government should not be involved in fighting inflation.
yours is the most ignorant comment by far. You have been drinking out of the communist toilet far too long, comrade. Taxation is theft.
Simple math Larry. Cut taxes and it has to be paid for somehow.
Pay for what exactly?
@@diniwozini5895the deficit it creates. Trumps tax cuts cost 3 trillion to the debt. This always happens under republicans presidents.
Lower tax rates always generate more revenue than higher rates. That's because of the robust economic growth that results from people having more money to spend. They pay for themselves. Furthermore, we don't have a lack of revenue, we have a SPENDING problem. Economics 101.
Hey Pete why not cut unless spending
@@DavidJones-ke6ktexactly. That's why government should stop trying to control inflation caused by increased consumer spending.
Such krap. Fake fox click bait.
It's like this Kudlow. Is it a higher priority to get the road in front of my house fixed or do some billionaires need another oceanside mansion? Kudlow, you are such a creep.
That's local govt, unless an interstate hwy. Fed Govt is for federal matters, not income redistribution.
mysteryman
@@DavidJones-ke6kt Half of all US billionaires got the full Covid stimulus checks. In other words, on paper they were so poor that they needed a boost. Billionaires are very good at legally removing their tax burden through various (and legal) financial tools.
You’re missing the entire argument. Trump, Clinton, Reagan, Kennedy all cut taxes and the result was an increase in revenues collected to build your road.
Raising taxes because it’s the fare thing to do when you know historically it will lower revenues collected is foolish and ignorant.
@@langhamp8912 The U.S. Tax Code. They won't change it because both sides swill from the same trough!
Tax cut represents LOST REVENUE, especially the wealthiest of the country. When the republican party is OK with tax breaks, the bottom tier suffers... every time.
During the Reagan and Trump lower tax years, Gross Tax Revenues INCREASED. It’s facts. Business did More business. investors took “idle” money and did More business with it. The Economy boomed, even while most Americans had lower tax bills.
I know because my paychecks under Reagan and Trump had noticeable drops in the taxes withdrawn. For my lower middle or upper-low income households. I paid less taxes. And yet the Gov got More taxes in to spend.
Facts.
Also, the top 1% earners in America contribute 40% of All taxes collected by the Treasury.
To pay Your fair share, you’d need to pay far more out of your earnings to come up to the rates the rich have to pay.
Also facts.
FosterTravis
Totally incorrect...I don't know what the Totals are in the 1980's,I was too young. The Trump administration, it totals a revenue loss of over 1 trillion dollars each year. @michealnelsonauthor
Wrong, every time tax cuts (Republicans) have been enacted the Treasury has taken in more money, when taxes are increased (Democrats) the Treasury takes in less money. You can spread your Democrat lies someplace else.