So, It Turns Out Democrats Were Right About Tax Cuts

[erpowers]

Just 4.3% of workers will get a one-time bonus or pay hike tied to the Trump tax cuts... businesses got 9X more in cuts than what they passed on to their workers & companies spent 37X as much on stock buybacks than they did on bonuses and increased wages. https://t.co/KYOj8WuMlz

Link to tweet

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[CatWoman]

1. and they plan to run on this monstrosity

good luck with that, republicans.

i just got back from the store and struck up a conversation with this guy while in line. he was mortified to learn that the GOP did away with the home mortgage tax deduction. people really need to read and educate themselves .

[guillaumeb]

2. That guy could have read about the GOP eliminating the deduction.

But FOX watchers rarely have much information about the issues.

[Lucky Luciano]

10. That was the original plan, but they compromised by...

making the max deduction based on a $750k mortgage instead of one million. Still a real hit where housing is expensive (blue states).

[LiberalLovinLug]

13. There's the rub. Your last line.

Most Trump supporters do not read and educate themselves. Or if they do, they never stray far from Fox News and other CT media outlets which feed them fake news.

While Democrats may be chuckling to themselves and winking at each other of how monstrous this bill is turning out to be, and how easy this will be to win on, Republicans and their media minions are screaming how great the bill is for the average worker, how great our great President is, and...oh....anything the Democrats say about it is FAKE NEWS and should never be believed. And it will work on them. Why wouldn't it? Its an old family recipe that still works.

[subterranean]

14. The elimination of personal exemptions will affect more middle-class people, I think.

That will definitely make my tax bill this year higher than it would have been under the former rules.

[Volaris]

16. Lol he shouldn't have been...

Mortgages are for little dirty working people who can't pay cash for houses like republican donors can.

[IronLionZion]

18. Dems put some deductions back in the latest budget bill

private mortgage insurance is one thing Dems slipped back in. It's good to check if there are more that might affect DUers.

[Arkansas Granny]

3. Is anybody here surprised by this revelation? I didn't think so.

[Wellstone ruled]

4. The real Ouch is this,

a major chunk of this Tax Cut goes to Foreign entities.

[Freethinker65]

5. Mission Accomplished for GOP/Trump

[Iliyah]

6. Can't tell that to two t-rump's supporters who believe that

that $40.00 per month "extra" in their pay check is "Gawd" sent from their Gawd.

Per them, t-rump is not perfect but he really, truly cares about them and loooooooooooves America!



And yes, the Dems were right.

[leftyladyfrommo]

7. Not even a trip to the grocery store. nt

[Historic NY]

8. Arithmetic is not very big with Republicans.

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[Bernardo de La Paz]

9. Also 80% of the tax cuts will flow overseas. . . nt

[mn9driver]

11. Based on my tax forecast for 2018 which I just finished along with my taxes,

My tax bill will increase by about 20 percent next year.

But that’s because I live in a blue state and belong to a union.

[djacq]

12. When does the greed stops?

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[Grammy23]

15. Often the gullible are only too willing to listen to the hype without checking on details.

And the really true believers listen to the twit in the White House (aided by his squawkers over at Fox) and are impressed that they will see an increase in their paychecks without bothering to see what it COST them. Will they ever learn? Or will they figure it out much too late?

[Wounded Bear]

17. Anybody who is surprised hasn't been paying attention...

for the last 30 years or so.

[groundloop]

19. Yep.... Trickle Down VooDoo Economics v 3.0

Versions 1 and 2 didn't work so well, but somehow repubs think that doing the exact same thing will suddenly have a different outcome than before. Some people call that insanity, I'll just call it stupid.

[Wounded Bear]

21. Actually, it worked quite well...

After all, the intent of Trickle Down Economics is to enrich the wealthy and penalize the poor.

Mission Accomplished.

[Achilleaze]

20. Americans suckered by republican lies

such an old old story...sad

[Progressive dog]

22. But for the thirty some percent of Americans

truth doesn't matter.