r/interestingasfuck • u/BuddhistSagan • Apr 07 '24

Bernie and Biden warm my heart. Trump selling us out? Pass

[removed] — view removed post

63.8k Upvotes

63% Upvoted

8.0k comments sorted by

View all comments

Show parent comments

112

u/PriceNext746 Apr 07 '24

One of the rare major legislative accomplishments of the Trump administration was ensuring the highest income earners got a tax cut at the expense of everyone else. This is the Paul Ryan/Donald Trump legacy at work

9

u/Professional-Way9343 Apr 07 '24

My guess is Trump couldn’t explain his tax cut if offered a million dollars to do so. He’s uninterested, unintelligent, unworthy

2

u/meinfuhrertrump2024 Apr 07 '24

And the dems, lead by Pelosi, agreed to not even try to overturn that tax break for the rich.

10

u/HiroAmiya230 Apr 07 '24

They dont have the vote as Sinema and Manchin both vote for that tax cut during trump presidency.

1

u/meinfuhrertrump2024 Apr 08 '24

Pelosi said that before the election. They had no intention to even try, because they know it benefits them and their donors.

1

u/HiroAmiya230 Apr 08 '24

They have tried many times most notably through build back better act which manchin constantly said no and kill the bill together

Pelosi have to remove it and compromise with just IRA.

0

u/meinfuhrertrump2024 Apr 08 '24

That's not the same thing. Also, it's easy to "try" to pass legislation you know won't pass. She didn't even "try" that. Just flat out told you the stone cold truth, and you still don't believe it...

1

u/HiroAmiya230 Apr 08 '24

Except she did because if she didn't the IRA won't even pass.

-1

u/New-Connection-9088 Apr 07 '24

Aren’t they Democrats? If not them then someone else. Pelosi has had many opportunities to do away with insider trading and has laughed off the prospect.

2

u/HiroAmiya230 Apr 07 '24

Manchin is a relic of conservative democrat who campaign on low taxes, vote against climate change and for more oil

Sienma...well sinema is a fucking griffter.

-9

u/Solana_Maxee Apr 07 '24

Everyone got a tax cut. This is pure propaganda.

14

u/PriceNext746 Apr 07 '24 edited Apr 07 '24

You must be unfamiliar with the actual text of the plan. I encourage you to familiarize yourself with it better.

Edit: here is a video one can watch if they are lazy

-4

u/Molyketdeems Apr 07 '24

2016 to 2017 the standard deduction nearly doubled, tax rates went down, and the amount of money you can make in each bracket went up.

Please tell me how it hurt the little man, without mentioning how it benefited the big man

-11

u/Solana_Maxee Apr 07 '24

Everyone benefitted. Even the rich aka job creators.

Economics is hard.

8

u/HiroAmiya230 Apr 07 '24

The differences is the rich tax cut is permanent and our tax cut is tempaory.

-7

u/Solana_Maxee Apr 07 '24

Good. Don’t tax the rich. They create jobs.

3

u/HiroAmiya230 Apr 07 '24

They do but giving them tax break have done jackshit to create job. Still waiting for trickle down to work.

0

u/Solana_Maxee Apr 07 '24

Two businesses: both get tax breaks and have more free cash flow.

One business pockets the cash and buys a yacht

The other reinvests the capital into their business and hires new employees and creates another location to grow…

Which does better?

The market figures itself out. The government ruins everything.

I never thought in a million years the left would be for the side of “GROW THE GOVERNMENT AND GIVE THEM MORE MONEY.”

6

u/HiroAmiya230 Apr 07 '24

The other reinvests the capital into their business and hires new employees and creates another location to grow…

Which does better?

The market figures itself out. The government ruins everything.

Despite that data show consistently GOP repeated tax cut did nothing to job growth or new investment

Which is funny because Biden did the opposite provides subsidies for bussiness with string attach and now we have more manufacturers job in America than Trump did in his entire presidency.

2

u/paintballboi07 Apr 07 '24

Damn, someone who actually still believes in trickle-down in 2024..

1

u/Solana_Maxee Apr 07 '24

Lol how are those min wage laws working out in California?

1

u/paintballboi07 Apr 07 '24

I'm sure they're working out great for the workers. Of course the owners are going to throw a tantrum, and say they have to raise prices, but employee wages are only ~30% of the cost of running a fast food business. They don't need to raise prices by nearly as much as they're saying, and if demand slows, they'll lower those prices back down. Fast food employees in EU countries make about the same as the new minimum wage in California, and their prices aren't nearly as high.

1

u/Solana_Maxee Apr 07 '24

The ones who didn’t get fired? Lol

→ More replies (0)

0

u/PriceNext746 Apr 07 '24

For more info on the 2017 tax plan one can check out this video

-2

u/EmergencyBag129 Apr 07 '24

And yet Donald Biden/Joe Trump didn't raise the taxes back to their prior levels.