The Trump tax law also lowered the corporate tax rate from 35 percent to 21 percent, providing a windfall for corporations. Deficits shot up in the wake of the 2017 supply-side tax cuts. ... those deficits will continue to stay high -- the opposite of tax cuts paying for themselves. The GOP tax cut did not pay for itself, as promised, nor did it deliver a sustained ... But in hindsight, it looks more like a costly lump of coal. ... The added cost to the deficit so far is estimated at $2.3 Billion (NPR/Forbes)
BUT: The Republicans in Congress ALL gleefully voted in favor of these gifts to the rich, pretending that down the road, the rest of us would see the light at the end of the tunnel. The only problem was in the fine print, all the rest of us would have to dig the entirety of that tunnel, dig the hole for the outlets, and take turns running the tread mills to keep that light working, while the 1% spent their new found dollars on themselves!
Biden’s American Rescue Plan (Covid-19 Relief Bill) allocates money for vaccines, schools, small businesses, and anti-poverty programs such as an expanded child tax credit that would mean new monthly payments to many parents. will include Direct Payments-Unemployment Benefits-Child Tax Credit-Paycheck Protection Program-Education Payments-Public Health-Industry Support-Rental Assistance. It will cost $1.9 trillion. (NPR)
BUT: Republicans are expected to universally oppose the bill, arguing that they were effectively shut out of the process. Republicans are expected to universally oppose the bill, arguing that they were effectively shut out of the process. The large majority of recipients will NOT be the 1% or 2% Domestic Donor Class, aka (those who have contributed to the coffers of any or all GOP politicians) or the Domestic Donor Terrorist Class aka (those who have continued to fund and finance, and fiscally support groups of Proud Boys/MAGA/Good Nazi’s and the Trump Swamp Creatures)
One might wonder if we lived in a real-world why there is even a debate as to good or bad, right or wrong, or even why stop here, BECAUSE, tomorrow is of no value if we cannot survive OR live for this day!
