Since I’m in a controversial mood this morning.. might as well go “all in” since were laying off the common worker.. tariff taxing the Wal Mart shoppers all to give the top 5% HALF the cost savings in Tax cuts.. which yes.. even I would probably benefit from.
But Seriously, we’re good with doing this?
And we wonder why Bernie Sanders and AOC is packing em into their tour?
The blow back from trying this is going to be Huge.. I’m a Reagan Republican.. who’s leader is turning over in his grave on these Tariffs.
Which will lead to stagflation.. think Jimmy Carter in the 1970s.. which will lead to a far left Congress and President in 2028.
This is where we are headed.. In a democracy where the bottom 67% are HURT by these policies get to VOTE.. You can see this slow moving train wreck coming from 5 counties away.
What do you expect to happen?
later.
High-income households and profitable corporations would grow even wealthier under Republican proposals for trillions of dollars in new or extended tax cuts, even as Republican proposals for trillions of dollars of cuts to health assistance, food assistance, and other programs would leave more children in poverty, more families without stable housing, and more people without health coverage. Families would also face an additional burden: higher prices for many basic goods due to the tariffs that President Trump has begun to impose, which would act as a large tax increase on U.S. consumers. The major tax law that President Trump and a Republican-controlled Congress enacted in 2017 was heavily skewed to households with high incomes. It was also expensive, costing $1.9 trillion over ten years, according to the Congressional Budget Office’s 2018 estimate. And it failed to deliver the economic gains its backers promised; studies found the benefits didn’t “trickle down” to most workers.
https://www.cbpp.org/research/federal-tax/2025-budget-stakes-high-income-tax-cuts-price-hiking-tariffs-would-harm
Edited by JonSCKs 5/3/2025 08:57
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And another thing.. Trumps tax cuts 49% benefit the top 5% of earners
