The 2017 $2T tax cut gave $.83 of every $ to the richest individuals & corporations. Taxation the main instrument of corporatocracy, relegating the vast majority of people to positions hardly above economic serfdom.They want to “double down” in a 2nd term! wsj.com/articles/trump-would…

Trump Would Double Down on Tax Cuts in Second Term

President Trump and Republicans got much of the tax code they wanted in 2017. In a second term, he would face expiration dates on those and push for more tax cuts.

wsj.com

Oct 1, 2020 · 9:14 AM UTC

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Replying to @marwilliamson
Because of tax cuts to corporates & deregulation by Trump,American GDP grew at record levels of 3% which is three to four times more than the growth rate of 0% to 1% achieved by Obama.Any unbiased economist will tell you that GDP growth is key to creating jobs & reducing deficit.
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I’d say repeal the 2017 cuts & put back in the middle class ones. Not true “any unbiased economist” agrees leaving 93 million people near poverty is a product of good tax policy. More jobs that hardly let people survive unless they have another one (or two) is not “job growth.”
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Replying to @marwilliamson
70% of Americans benefited directly from those tax cuts in the form of higher paychecks. Those that didn’t voted in higher state taxes that they could no longer write off.
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No evidence of that.
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Replying to @marwilliamson
Marianne Williamson... A Moral Economics
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Replying to @marwilliamson
And thank you very much corporate America for sharing that wealth - providing good jobs - making great American products for us to buy.
Replying to @marwilliamson
Dear America, it’s factual; Millionaires are making millions. Big corporations are making billions. And Americans making under the average of $72k a year, are poor. Vote #BidenHarris2020
Replying to @marwilliamson
If he gets a second term ... we will all become "Surfs" in his magical kingdom ...
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Replying to @marwilliamson
Like France, the monarchy. The aristocracts never wanted to pay tax. The religious were exempt. Only the poor paid. The Estates General was convened after hundreds of years to see how money could be raised. Instead: the monarchy slowly crumbled, and died.
Replying to @marwilliamson
Tax Policy is complicated, but clearly the Tax Cuts should have been to 25% to 27% from what they were and not as deep as enacted.
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