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r3020
Senior Advisor

President * tax cut for the rich

He is going to reinstate the state property tax deduction from federal income for those rich Hampton owners. Dem is the party of the rich by the rich and for the rich. The American work is always last.

14 Replies
rickgthf
Senior Advisor

Re: Yeah, and it turned out that ...

And it turned out that a lot of farmers in the affected states got swept up in the republicans' trap as well.   Farmers, by virtue of being large landowners, ended up paying tax on a tax.  Many of them in republican counties in Blue States who had voted for trump 2016, felt the sting of the republican lash and voted different in 2020.

 The way to get at those people in the Hamptons is straightforward taxes on rich people.

rsbs
Veteran Advisor

Re: Yeah, and it turned out that ...

ricky, you should stick to subjects you actually know something about, such as transgendering.

 

JCCWIS
Senior Contributor

Re: Yeah, and it turned out that ...

r30.......Remember what former Pres. dt  said to his rich friends after his tax cut bill passed........you should all thank me.....I just made you a lot richer !

r3020
Senior Advisor

Re: Yeah, and it turned out that ...

And he did through unprecedented economic growth. It also put American workers first.

JCCWIS
Senior Contributor

Re: Yeah, and it turned out that ...

What was the GDP  at end of DT's third year......as in before CV hit the US  ??

sdholloway56
Senior Advisor

Re: Yeah, and it turned out that ...

The economy stagnated at the same sub 3% average growth level as it had for the previous 7 years. Until it collapsed.

If you tell a lie often enough and with a straight face, it can become the truth.

Percent Change of Gross Domestic Product (CPGDPAI) | FRED | St. Louis Fed

sdholloway56
Senior Advisor

Re: Yeah, and it turned out that ...

2 decent quarters, although below Obama's best.

Fixed business investment fell and the trade deficit rose.

Unemployment continued on the same downward slope it had been on for 7 years- primarily due to an increase in deficit spending.

 

 

sdholloway56
Senior Advisor

Re: Yeah, and it turned out that ...

Although obviously, given that Dennison got 12M more votes than Romney 8 years before, many people "felt" differently.

Probably many were just mad at the justaflu hoax for causing it, thought the stock market that had been massively rigged by the Fed "was the economy" or basically just didn't know whether to **** or go blind.

sdholloway56
Senior Advisor

Re: Yeah, and it turned out that ...

In the post-Volker period, only WJC presided over "unprecedented economic growth."