Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: Zhang Fei; Mariner; lightman
Trump’s tax cut, combined with the SALT changes, was politically disastrous. It caused a massive non-crisis-related increase in the budget deficit and tax increases for people with a bunch of tax deductions that were eliminated/reduced. It’s likely the key factor in the flip to the Democrats during 2018 mid-term election.

This!

You are 100% correct. A few of us around here tried to tell the lemmings the truth back in 2017-2018. They didn’t want to hear the truth.

50 posted on 07/18/2020 10:12:39 AM PDT by SkyPilot
[ Post Reply | Private Reply | To 17 | View Replies ]


To: SkyPilot

You and I are on the same page. I would not of believed that I could post a post like this and not get boiled in oil on this web site(nor did I believe I ever would post something like this). Now we have a membership that seems to be in broad agreement. The powerful people get more and more powerful until they collapse and the the rest of us lose power until until we revolt. And that is what I think is happening!


59 posted on 07/18/2020 10:32:09 AM PDT by amnestynone (We are asked by people who do not tolerate us to tolerate the intolerable in the name of tolerance.)
[ Post Reply | Private Reply | To 50 | View Replies ]

To: SkyPilot

Your quoted comment is not true.

“Trump’s tax cut, combined with the SALT changes, was politically disastrous. It caused a massive non-crisis-related increase in the budget deficit and tax increases for people with a bunch of tax deductions that were eliminated/reduced. It’s likely the key factor in the flip to the Democrats during 2018 mid-term election.”

1. The tax revenues were higher. The deficit was caused by higher spending.

2. The SALT State & Local Taxes Adjustment did effect people primarily who wrote off their high tax state, taxes. Why should people in Georgia, NC and Florida subsidize people living in high tax states like NY and my Maryland.

3. The Trump tax cuts in aggregate still have tax cuts to over 86% of American families. So, it is not a net loser politically. It’s a net winner politically.

4. Too much MSM disinformation deluge in here.


61 posted on 07/18/2020 10:46:38 AM PDT by rbmillerjr
[ Post Reply | Private Reply | To 50 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson