Robert Reich: Trump Tax Shafted

Posted by admin on Saturday, March 7, 2020


 
The [Trump] tax cut cost approximately  trillion dollars in lower taxes paid by corporations and wealthy Americans. Revenue did not increase to cover it. Instead, that  trillion has been added to the national debt, which continues to balloon. It's now over 3 trillion dollars Quote
 

“The [Trump] tax cut cost approximately $2 trillion dollars in lower taxes paid by corporations and wealthy Americans. Revenue did not increase to cover it. Instead, that $2 trillion has been added to the national debt, which continues to balloon. It’s now over $23 trillion dollars” — Robert Reich

 
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They said the [Trump] tax cut would raise wages and most workers would get an immediate ,000 pay increase. More baloney. Most workers got practically nothing. Instead, corporate profits have gone to the top: to CEOs, who last year got an average pay increase of over  Million dollars Quote
 

“They said the [Trump] tax cut would raise wages and most workers would get an immediate $4,000 pay increase. More baloney. Most workers got practically nothing. Instead, corporate profits have gone to the top: to CEOs, who last year got an average pay increase of over $1 Million dollars” — Robert Reich

 
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