The GOP promised their tax bill would be “rocket fuel” for the economy. Instead, it blew up the deficit by a trillion dollars & sparked a surge in stock buybacks, benefiting the biggest corps, their execs & wealthy shareholders while leaving middle-class families largely behind.
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Meanwhile, as the
@washingtonpost reported: “since June 2017, the relative spending power of hourly earnings actually dropped. That’s not what Trump promised.”https://www.washingtonpost.com/news/politics/wp/2018/07/18/trump-keeps-hyping-economic-numbers-that-show-only-mediocre-change/?utm_term=.8b8a421afd72 …Show this thread -
Or, as Noah Smith wrote, “the tax reform hasn’t yet resulted in appreciably higher wages for American workers”https://www.bloomberg.com/view/articles/2018-07-18/trump-s-tax-cut-hasn-t-done-anything-for-workers?cmpid%3D=socialflow-twitter-view&utm_source=twitter&utm_content=view&utm_medium=social&utm_campaign=socialflow-organic …
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Or, as
@foxbusiness’ senior correspondent said, “We gave these corporations a huge corporate tax cut and guess what happened to wages? They remained flat.”https://twitter.com/SenateDems/status/1019622012573159425 …
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The bottom line? With the
#GOPTaxScam,@realDonaldTrump and the GOP promised families an extra $4,000 in their pockets. So. Where's your raise?Show this thread
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Senator while you are spreading “facts” please let people know that beside changes in tax tables impacting how much tax is deducted from your paycheck, the impact of the tax cuts won’t be felt until you file your 2018 taxes (as late as 4/15/19)?? Thanks.
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The IRS actually warned people that they are responsible for their withholding taxes and many ppl. who think they have a tax break due to withholding reduction may owe taxes. Yes, this will be realized in 2019. Hopefully, people are working with a tax advisor.
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...and yet they will pay less tax than 2017.
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No a great many of us will be paying more for 2018 than we did for 2017. Doing a mock up of your taxes is essential. You may be appalled by the results.
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Under what scenarios are you referring?
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Using the same income as 2017 but adjust for the loss of deductions and the decrease in rates. The rate decrease does not compensate for the loss of deductions.
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Which deductions did you lose?
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I’m not trying to offend I’m just curious as to what deductions lost at 50k are not offset by the increase in standard deduction.
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No thread because all they do is lie?
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C'mon, Chuck. Do the short, made for Twitter version. Then get a whole bunch of spokespeople to use the same talking points and blanket the news and talk shows. It feels like you're not really trying.
#GetUpStandUp#StandUpforAmericanValues -
Directed at whom? Please read.
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When do the servers that control this bot reboot?
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We really don't get the troll/bot stuff. If you read our tweets, retweets, and exhortations for Dems and like-minded people to do more and fight back against Trumpism, maybe you'd see the knee-jerk "bot" accusation makes no sense. Check it out. Ask us if you have questions.
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