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this post was submitted on 30 Jul 2024
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Dems in power: Oh, won’t somebody think of the deficit!!!
Republicans in power: Cut taxes, double the military, cut more taxes (only the corporations this time).
Lmfao the GOP raised taxes on the middle class with Trump, what the fuck are you talking about
Pretty sure he lowered taxes on everybody. It benefited the rich and corporations the most, but he definitely didn’t raise taxes on anybody…
He also set these non corporate tax cuts to expire after he left office…
Edit: to everybody downvoting me, Trump did not raise taxes! Quit being dishonest when there are so many truthful arguments against the POS.
As I understand it, he cut taxes for everyone but they set those cuts to expire for the middle class. This is set to happen at the end of 2025: https://www.cbpp.org/research/federal-tax/the-2017-trump-tax-law-was-skewed-to-the-rich-expensive-and-failed-to-deliver
Right. He did not raise taxes as the other comment said.
Not that what he did was good, but we should get the facts straight at least…
Arguably taxes were raised for high tax, high cost of living states. For me, the major change was no longer being able to deduct all the property tax I pay, much less state income tax.
While yes I make a good income, it doesn’t stretch as far where I live. More importantly, my house is an 80+ year old starter home - I’m not crying into my avocado toast from some McMansion in a gated suburb with HOA.
Are you saying that you would have paid less in taxes on the previous tax code? Either way, this probably affected a relatively small percentage of people.
The blanket statement that “Trump raised taxes on the middle class” is false.
Yes I believe I would have paid less taxes before the “tax cut”, but admittedly it’s tough to directly compare
At the very least, the cap on state and local taxes exemptions was unfair to high tax, high cost of living states. This clause predominantly affects “blue” states, and there’s a good chance it affects “most” homeowners in some areas. This is not just the rich.
Trump raised taxes on middle class homeowners living near cities in Blue states