>

For who?
…for the rich tho >

This is why they are so desperate for a “culture war” issue >


Cultural populism may help win elections, but once in power the GOP tends to prioritize regressive economic policy. 

The entire GOP strategy in a single compound sentence. >

They borrow more money to pay for their tax breaks too.  Trump borrowed $8 Trillion in 4 years.
Republicans continue to sell out this country. >

But not for those who actually need lower taxes. >

Their most recent tax bill cut taxes for pretty much everyone >

Middle class taxpayers got a temporary cut. It's over now. >

Those cuts don’t expire until 2025. Btw, that’s for all individuals, not just the middle class >

But the corporate breaks are permanent. >

Most corporate cuts are temporary. A couple are permanent, but are offset with permanent corporate tax increases. Past 2027, there isn’t a net tax cut anymore >

Source? >

Here’s the cost by provision
And here’s the expirations
All corporate cuts except for the domestic rate and AMT expire >

Oh wait... you mean like tax cuts... like every republican ever? >

What a stupid headline. The GQP is always about lower taxes for the wealthy and corporations but now for the vast majority. Their 2017 GOP Tax Scam was touted originally as tax reform. It ended up being yet another upward wealth transfer in a series begun in the early 1980’s.
This is, of course, from a rag by the rich written for the rich. It’s credo is “I got mine, screw you, losers.” Imagine Bloomberg running for President as a Democrat. He might be socially liberal but he’s as greedy as any fascist/libertarian Republican. >

The 2017 bill was tax reform, and it was pretty solid. It also cut taxes for the majority of people >

No. The only people that got a lasting benefit were the richest 10%, while the rest of us now have to pay their bills. Why not have everyone contribute? Billionaires should have some skin in the game. >

Again, that’s not true >

The top 10% of Americans has the lowest effective rate of anyone, since the Trump exemptions passed. This is all public knowledge, but most people don’t care. >

You’re thinking of a true tax rate. The top 10% have the highest effective tax rates, and it’s not even close >

No, they have the highest “published” rate. Unfortunately in reality it all gets refunded plus more. The tax code is written by and for billionaires. For example, Musk claims he pays a lot of taxes, but after kickbacks from the government he’s profiting in the billions just from the tax code. >

For the rich. >

Paid for by the… >

Everybody else >

Nailed it. >

Nails made by slave prisoners >

Slave prisoners in private prisons. >

... so the same old dumb regressive ideas. >

Which is why US had $30T in Reaganomics debt.   The Laffer Curve nonsense never worked.
Clinton raised taxes after Reaganomics, economy boomed and US ran budget surpluses for the first time in decades. >

Wut... Something dreamed up in 1974 over a 3 martini lunch by Rumsfield, Cheney, and Laffer on a cocktail napkin isn't the basis for modern macroeconomics? >

It's way worse than that. >

Bloomberg.com is attempting to wash trump stench off republicans >

Finish the sentence, f or then rich >

Lower taxes for the rich. Let's not kid ourselves. >

The last time Republicans changed the tax laws was in 2017. I'm middle class. Every year previously, I had gotten a decent refund when I filed. When I filed in 2018, I ended up owing $2,800, even though my income hadn't changed and I didn't alter my withholding. >

Withholdings automatically changed due to the change in rates, that’s probably what the issue was
Just for reference, only 5% of the country saw a tax increase above $100. There was nothing in the bill that would’ve raised yours by $2,800 >

I must have been one of the 5% because my net pay didn’t change either. >

It was probably a withholding change. If you’re actually “middle class”, it would pretty much be impossible to end up paying significantly more tax from the bill >

So, meet the new republicans, same as the old republicans? >

Lower taxes *for the rich.*  The rest of us will have to make up the difference as usual.  Whether it comes out of our pockets, our retirement accounts, lower wages, higher rent, they always make sure the middle class pays for the wealth transfer. >

So Americans can’t even afford groceries due to the inflation, and the inflation is made up because these companies are making record profits. Their solution is to give the rich even more tax breaks in hopes they lower prices? Why the hell would they, no one has been enforcing them not to price gouge if anything they will do it more. >


because these companies are making record profits 

That’s not true though >

Ok, then explain this
Where’s your proof they aren’t? >

It’s pretty easy to explain. Those profits aren’t adjusted for inflation, so it makes sense they’re at record highs when inflation is at record highs >

Inflation isn’t at record highs, jack. >

It’s at a 40 year high, which coincidentally is the same as your source >

That sucks too…. Who is going to pay for the country they love?  They are just hoarding and pandering to rich people >

Get real.  they are only about lower taxes for the wealthy. >

What about the TCJA >

You realize the tax cuts for the wealthy were permanent in that and the ones for the middle and lower class were set to expire, don't you? 
So... What about it?  Didn't it also include tax credits and writeoffs for private jets and yachts?  What about it? >

No, that’s blatantly false. I really wish people would actually understand the bill before spreading lies about it
All individual cuts are temporary. You might be thinking of the corporate cuts, but most of those expire too

tax credits and writeoffs for private jets

Nope. It changed the timing of deductions for property, but the total deduction amount didn’t change >

What a dumb article.  They were all about tax cuts during Trump’s presidency too.  It’s literally the only major legislation Trump passed >

Yes, Trump had record levels of deficit even before covid hit, and most of it went to the 1% to inflate a stock market bubble.
What did corporate America do with that tax break? Buy record amounts of its own stock.   The White House promised '70 percent' of the tax cut would go to workers. It didn't. >

We are all workforce again, measured by horsepower dollars. >

They forgot to add a for the 1% to the end of their headline, obviously. >

Public services will shit the bed, but at least you'll save $24.38 on your taxes next year!  Yippie! >

Shocker >

For themselves and rich donors? >

Lower taxes/tax giveaways for the rich and multinational companies has *always* been the Republican answer to any issue. "Fix" the homeless issue? Give money and power to the wealthy. Border "crisis"? Give money and power to the wealthy. Crumbling infrastructure? Give money and power to the wealthy. Systemic racism? Give more money and power to the wealthy. Failing schools? Give money and power to the wealthy. Of course at the same time Republicans expect their pet projects to be 100+% funded. >

…. For the rich, finished the sentence for y’all >

That’s one way to fix the deficit /s >

I’m almost nostalgic to hear people talk nonsense about the Laffer curve again. >

As George Carin use to say. The rich do none of the work, pay none of the taxes. The middle class does all of the work, pays all of the taxes. The poor are just there to scare the shit out of the middle class. >

The easiest argument to every social problem. It's lazy politics. >

Say what you will about National Socialism but at least it’s an ethos. >

Don't be fooled.  They're after a cover-up and silence so you and I can't inspect what's actually going on.  It's a sinister plot to only establish a legal precident for future cover >

They want GOP stimmies! >

The Texas shitty grid is a great example of lower taxes. Brag about that some more. >

Once again this headline misses the point.
It isn't that they lower taxes. Its how they lower taxes and for whom.
The headline should read: Post-Trump Republicans are all about shifting the burden of government onto the lower classes. >

Republicans are all about killing democracy and elections - the media are desperate to keep the public ignorant and apathetic. Defy them. Unite, organize and mobilize - rise up and defend democracy. >

Isn't that inflationary? Just saying... >

Their mission is to de-fund the government while lowering taxes on corporations and the wealthy. >

Republicans want everything for themselves right now, bread crumbs for their children and nothing for anyone else. >

What a joke. >

My extremely libertarian minded "income taxes are illegal" co-worker thinks we our main problem is spending (e.g. military aide to Ukraine). There are very likely areas we need to cut due to bloat, but before an tax cutters get too happy, you would really want to go and read up on what the federal gov actually does, its not just the military and FBI.