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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (311846)	11/27/2024 9:52:09 AM
From: koan	Respond to of 363408

Why were there ANY tax cuts at all with such a huge debt? Trump and the Republicans imposed HUGE tax cuts for the wealthy! So this seem prudent to you with such a huge debt!!?? : The Tax Cuts and Jobs Act of 2017 (TCJA), passed by President Trump and congressional Republicans, was the biggest reform of the U.S. tax code since 1986. The TCJA lowered income tax rates, especially for higher-income Americans, and it lowered the corporate tax rate from 35% to 21%. Some tax credits and deductions also changed. The standard deduction was nearly doubled (from $6,350 in 2017 to $12,000 in 2018) and the child tax credit was doubled (from $1,000 in 2017 to $2,000 in 2018), but some itemized deductions were limited or eliminated. Who Benefited Most From the Trump Tax Cuts? – Policygenius

To: i-node who wrote (311846)

11/27/2024 10:43:08 AM

From: koan

Respond to of 363408

What does Biden have to do with Trump's responsibility to the nation not to increase the debt needlessly?

Trump cut the capital gains tax from 35% to 21%, so yeah, of course the debt is rising under he and Biden!!

Shouldn't Trump just do what is best for the nation, and huge tax cuts for the rich when we are running large deficits is criminal!

And as far as the debt under Biden, it was NOT caused by tax cuts, and the Republicans were in control of the money, NOT the dems.

They controlled the House and the House has sole control over the money!

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>> The debt rose 40% under trump

The debt rose more under Biden.

What is your excuse for that? Trump had to deal with a pandemic crisis. The crisis was over when Biden got here and still more people died under Biden than Trump.