In 2017, Congress passed a $2 trillion tax cut where $.83 of every dollar went to the very top earners and richest corporations.
The tax cut will never pay for itself. 🧵
Jun 20, 2023 · 7:36 AM UTC
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The money was not and is not used to reinvest or to create jobs. It goes to stock dividends and stock buybacks.
Companies that already make billions of dollars in profit are then handed more billions by the taxpayers.
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When Biden took office and had a Democratic House and Senate, there was never a mention of repealing that tax cut.
(The middle-class part of the tax cut was good. The tax cuts to the very wealthy should have been repealed, the middle class cuts should have been immediately put back in.)
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