The Soapbox

Hoodafan

Joined: 09/29/2013 Posts: 60597
Likes: 57055


Yes, he lied to you, and you bought it. No surprise there.


Where to even begin.

With his claim that raising corp taxes from 21% to 28% will raise $1.3T? Wasn't the entirety of Trump's cut supposed to add $1.5T to the debt, including the cut from 35% to Joe's proposed 28%, as well as the personal side cuts? But now $1.3T will just return because he says so? Is increasing Corp taxes by 40% not supposed to stifle growth in any way, or keep businesses from going and/or staying over seas? And hoo pays for that increased cost when it's passed through as all Corp Taxes must be? (There is no pot of gold just sitting there to absorb this cost increase) Just those customers paying higher prices, employees losing hours or their jobs, and owners/shareholders (lastly) that make over $400K?

But to help convince you how "evil" our current Corp Tax rates are, he tells you of all the Fortune 500 companies "not paying any taxes". How do they do that under a 21% rate? And how does that change if that rate is 28% or even 35%? His claim that they "pay no taxes" has nothing to do with the rate, it's cherry picking companies to lie to you.

Or we can move on to one of my favorite parts of his answer. "It's about growing the economy" and putting more back to work so everyone can grow. His further lie about how those at the bottom saw their incomes go down aside, when in reality lower end incomes grew the most after the tax cuts, is he talking about where we were pre-Covid shutdown? Thanks in large part to those very tax cuts he now wants to reverse?

(In response to this post by HooAskedYou)

Posted: 10/19/2020 at 4:16PM



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