Robert Reich: Trump Tax Shafted

“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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<a href=https://itsamoneything.com/money/robert-reich-trump-tax-shafted/ ><img class=featured_image_embed src=http://itsamoneything.com/money/wp-content/uploads/Robert-Reich-Tax-Cut-Cost-Trillion-Dollars-Debt.jpeg alt="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" width=630 height=330><noscript><img class=featured_image_embed src=http://itsamoneything.com/money/wp-content/uploads/Robert-Reich-Tax-Cut-Cost-Trillion-Dollars-Debt.jpeg alt="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" width=630 height=330 /></noscript><br>Robert Reich Money Quote</a>
 
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“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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Categories: taxes Tagged:costdebtdollarspaidrevenuerobert reichtaxtaxestrillionwealthy