By Matt Underwood What’s funny is you’re right. Trumps tax overhaul (while OVERWHELMINGLY helping the rich, especially by lowering the corporate tax rate to 21%).
It did also help middle class people by raising the standard deduction and reduced tax brackets somewhat.
But oh no, the business benefits are permanent while the middle class benefits expire in 2025.
What’s that? The only reason the middle class got anything at all was that Democrats threatened to filibuster at the time.
Again what have republicans done for the middle class that you or anyone would believe they are on anyone’s side but the very rich?
When lower class people get money, they spend it. Contribute to the economy. create jobs!
When rich people get money they add it to the pile. Is Amazon going to employ more people if it pays less taxes? Highly doubtful. But even if so, the trillions they save are nothing compared to the $15/hr jobs they hand out. Which have a turnover average of like 6 months anyway because the jobs are inhumane.
Raising taxes on the rich doesn’t mean wealth redistribution. You think that current proposals to raise taxes on the wealthy are akin to Mao and Stalin? You’re peddling hyperbole. The wealthy do not pay their fair share of taxes, look at the ProPublica report.
We are at a fundamental impasse if you believe lowering taxes on the rich helps anyone but the rich. Regan popularized this theory 40 years ago and it has since been thoroughly debunked.