#Repost @froggneal (@get_repost)
In the Republican tax bill, those who make over $730 thousand will get an average of a $130 thousand tax cut. If you make $67 thousand, you get a $660 tax cut. Corporations will see a tax cut from their current rate of 35% down to a new rate of 20%. Small business owners on the other hand, would see an increase in their taxes. Within 7 years, the estate tax would go away completely meaning that wealthy families would be able to pass on lavish estates and trust funds to their heirs tax-free. And on and on...
What does this obsene windfall to the ultra-rich get us? $1.5 trillion added to the federal deficit and the same, old, tired lie that hyper-concentration of capital will create jobs. In reality, it will destabilize the economy and make nearly all Americans worse off. There is no explanation for anyone believing Republicans are fiscally responsible other than willful ignorance. Reaganomics, aka trickle down economics, do not work. Period.
Get your shit together, America.
So a few extra bucks in your pocket, but at what cost? Cutting funding to departments crucial for a successful society and killing the #deathtax which only affects millionaires. They don't say how much #Trump and his family will save with these cuts. Because he won't even show his TAX RETURNS!!!
There is nothing new under the sun...smh Indicted Trump Campaign Chair who also worked for #Reaganomics coining ("Delicious video of Ronald Reagan saying..."-->) #MakeAmericaGreatAgain aka #killNegroes kuz when was it great for us??? 😁roflol what decade? I'll wait...but not like my Ancestors bless them.
För 53 år sedan på denna dag höll Ronald Reagan ett tal som skulle bli startskottet för hans politiska karriär. Talet heter "A time for choosing" och hölls som ett kampanjtal för den dåvarande republikanske presidentkandidaten Barry Goldwater. Reagan blev senare både guvernör i Kalifornien och amerikansk president under två perioder under åttiotalet. Karin Henriksson har skrivit en fascinerande biografi om en man som vred USA:s politik åt höger trots att han var demokrat halva livet. God läsning!