Trump is wrong again. He must be getting tired of losing. Most Americans are not benefiting from corporate tax cuts. Trump was wrong in stating that his tax policy would benefit working Americans. It appears that the tax cut has stoked inflation but has not raised wages t cope with the inflated prices. Trump is making the average American less wealthy with his policies. http://thehill.com/policy/finance/3...ting-bigger-paychecks-in-wake-of-tax-overhaul
Dems will never approve of tax cuts, no matter what. When advised lower taxes on the wealthy would actually bring in more tax revenue, Obama passed. He didn't care about the revenue. He believed higher taxes and lower tax revenue were the way to go because taxes are all about punishing the wealthy for the ill gotten gains.
Asking people whether they noticed an increase in their pay isn’t really an effective way to measure actual changes in wages. The article even points that perception was apparently influenced by political lean, suggesting an element of people seeing (or not) what they want to. Given that personal income is measured in quite accurate detail by various agencies for various reasons, much more accurate reporting will be available in time (though it’s worth noting that there’s no easy way to definitively link cause and effect).
This. I also found it amusing that (according to the article) "just 25 percent of registered voters reported an increase in their pay" but then it went on to say "the number of employed voters who noticed an increase was higher, at 37 percent, according to the poll", as if they had then polling unemployed people along with employed people to see if they noticed an increase in their pay. Why/how would an unemployed person notice an increase in their pay?? I also noticed this sentence (which the OP didn't mention): "The Politico/Morning Consult poll pegged public support for the law at 45 percent and opposition at 35 percent", so if you're a big believer in polls, it still looks like more people support this than oppose it.
why do republicans struggle with basic math? If you cut a percentage of your revenue stream, you take in less revenue by definition, not more.
What a joke, did you people really fall for this? Explain to me how a "random" poll of a few dozen people demonstrates Trump "lied" when we can literally see for a fact that taxes for certain brackets have been reduced because its in the mother ****ing legislation? Those earning... $9,525-$38,700 single $19,050-$77,400 married/joint ...get a ~2% reduction. Those earning... $38,700-$82,500 single $77,400-$165,000 married/joint ...get a ~2% reduction. Those earning... $82,500-$157,500 single $165,000-$315,000 married/joint ...get a ~4% reduction. Those earning... $157,500-$200,000 single $315,000-$400,000 married/joint ...get a ~1% reduction. So while their paychecks might be the same now*, they are in fact making more money by the virtue of having less money taken from them by the government. *Now let me tell you something because this might help you in your own lives. There are many reasons why you should re-evaluate your W-4 withholding and the passage of new tax legislation is one of them. Your W-4 is changeable, you can have a new one processed through your employer. So if you're in one of these brackets and you want that extra money now, spend some time on a W-4 worksheet to see how you fair.
The tax reform bill that was passed a whole month ago has not shown to make everyone rich already? What? This obviously means it's a dismal failure. You dems need a nap.
How the hell would anyone without a job notice higher takehome pay in their pay check? Im guessing funny math on the part of the pollster or lieing by respondants.
Personal exemptions changed but the child tax credit doubled, even people who don't actually pay anything in taxes will get the money, so its only imbalanced if you have a large family like 5+ kids. Mortgage interest deductions are still there, the cap has just been changed but its almost a million dollars soo..., and the change doesn't have any impact on current mortgages. Maybe you're thinking of the interest on home equity lines of credit, that's the one that was eliminated.
Not sure about Kennedy, but Reagan's was the last real tax overhaul we. Dropped marginal rates considerably, but at the same time made huge cuts into what can be deducted.
because economic activity was increased. reducing revenue percentage decreases revenue, by definition.
The Fed saying they're raising interest rates stoked inflation, get a grip. Wage increases are higher than inflation at the moment.
