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Republicans pitch tax cuts for corporations, the wealthy in 2025 | Trump has asked wealthy donors for donations, promising large tax breaks in return if he retakes the White House. (wapo.st)

submitted 5 months ago by silence7@slrpnk.net to c/politics@lemmy.world

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[-] IHeartBadCode@kbin.run 36 points 5 months ago

Just a reminder that the last of the tax cuts under the Tax Cuts and Jobs Act (TCJA) of 2017 for citizens ends in 2025. The flat 21% rate for businesses tax cut will continue long after that point.

The Republicans are the ones who passed the TCJA with the whole point being that they would run on this plank hard in 2024. The reason the income tax on people are ending in 2025 was because the House and Senate (both controlled by Republicans at the time) couldn't agree on a unified measure and decided to instead use reconciliation to move the TCJA through. And they're planning exactly this same tactic if they win in November.

Because they don't want a solution, they want a never ending problem.

[-] Spitzspot@lemmings.world 24 points 5 months ago

quid pro quo

[-] Sanctus@lemmy.world 20 points 5 months ago

Queue the corporate choirs on why Trump is Jesus. If even one of us doesn't vote, we're fucked.

[-] BigMacHole@lemm.ee 19 points 5 months ago

That will OBVIOUSLY stimulate Job Growth! Companies NEVER take those Tax Cuts and use them on Stock Buybacks and CEO bonuses! They ALWAYS use them to Hire MORE people!

[-] TransplantedSconie@lemm.ee 13 points 5 months ago

I can't wait for the Trickle Down™ to take effect!

It's yellow, warm, and stinks to high heaven but I'm told it's what the working class needs!

[-] jaybone@lemmy.world 2 points 5 months ago

Reagan made that term widely popular in the 80s. And it’s been going great for the middle class ever since!

[-] Theprogressivist@lemmy.world 16 points 5 months ago

Whoring himself out to the highest bidder as if he hadn't already.

[-] just_another_person@lemmy.world 12 points 5 months ago

Sounds like buying votes to me. Thankfully, the vast majority of the country is pretty poor.

[-] slurpinderpin@lemmy.world 4 points 5 months ago

The people on the right are just temporarily embarrassed millionaires

[-] fox2263@lemmy.world 8 points 5 months ago

Draining the swamp or something. Only corporate corruption allowed

[-] taiyang@lemmy.world 8 points 5 months ago

You know they already knew that he'd do that, why even tell them and make it obvious? It's been GOPs MO since long before I was born.

[-] Nobody@lemmy.world 6 points 5 months ago

I'm not sure that the American economy can sustain a fifth decade of Trickle Down Economics. The people don't have anything left to steal.

[-] cultsuperstar@lemmy.world 2 points 5 months ago

Middle and lower classes are fucked if he gets re-elected.

[-] Delusional@lemmy.world 1 points 5 months ago* (last edited 5 months ago)

"Hey you know this terrible idea that will make the country worse and everyone else's lives miserable except for yours? I'll make that happen! Just give me money.

We're really waaaay too fucking soft on corruption in this country.

[-] Fedizen@lemmy.world 1 points 5 months ago

this would take US corruption to soaring new heights. You think corporations bribing supreme court justices is bad now... well Clarence Thomas is gonna get a new fighter jet if trump wins.

[-] Drusas@kbin.run 1 points 5 months ago

We know. And what are we supposed to do about it?

this post was submitted on 11 Jun 2024

180 points (99.5% liked)

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