(THREAD) Many asking how anyone could be unhappy with a tax cut. No matter the size, it's better than nothing, isn't it? I can clear this up. It's because people know tax bills are about trade offs. And factoring everything in, they believe this bill makes them worse off.
-
-
Americans know higher deficits put pressure on Social Security and Medicare. For some, having to care for elderly relatives would swamp their tax cut. Thinking long term, $31.67 more a month won't help retirement savings, making SS and Medicare cuts even more of a problem. 6/x
Show this thread -
Americans know middle class tax cuts expire by 2027. For many, taxes are scheduled to increase in the future. Republicans say that won't happen, and the cuts will be extended. But that means the deficit, and all the associated problems listed above, will get a lot worse. 7/x
Show this thread -
Now that deficit's bigger, that trillion dollar infrastructure package Trump promised as a candidate is even more unlikely. For many Americans, functional roads and bridges is more valuable than $31.67 per month. Others were hoping to get construction work. That's now dashed. 8/x
Show this thread -
Republicans say tax cuts will raise wages, but most Americans are skeptical. Here's a graph of real wages (blue) vs. real GDP (red) since 1980. The tax cut should help growth, but it won't trickle down. Wage increases might cover higher living expenses. $31.67 per month won't 9/xpic.twitter.com/xw2rAPuFdn
Show this thread -
Average Americans know the bill widens economic inequality, and worry that weakens their political power. They just saw Congress: -say they had to do what their donors want -let lobbyists influence a tax bill -enrich the president & some Senators Inequality makes that worse. 10/x
Show this thread -
So millions of Americans look at the tax bill, weigh the upsides and downsides, and determine it makes them worse off. And millions who personally benefit care about the millions who'll be hurt. It's not jealousy. It's not propaganda. It's an honest assessment of the facts. (END)
Show this thread
End of conversation
New conversation -
-
-
I think that was part of the master plan!!!!

-
"Starve the beast." Plus, w/the added costs of all these "hearings" & providing services to areas decimated by CLIMATE CHANGE, we'll be paying for those too, not to mention the government grant money for the non-profits that will go away, including those offering skills training.
End of conversation
New conversation -
-
-
Repub Master Plan, Cut Taxes, Increase Deficit, Wait 1-2 yrs, Argue Debt is killing us, Cut Social Security and Medicare, Increase Defense Spending
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.