Anonymous
Anonymous asked in Games & RecreationAmusement Parks · 3 years ago

Why some ppl angry about trumps tax cut?

Why would you be mad about a tax cut? You pay less taxes therefore more money you get to keep. I don't understand why some ppl r mad bout this... Also don't say it's only for the rich or sum or that trump doesn't pay his taxes cuz he does pay them if he didn't he woulda been out in jail long time ago. Tax cut is for the middle class...

26 Answers

Relevance
  • Anonymous
    3 years ago
    Favorite Answer

    For eight years under the progressive/Democratic administration our economy stagnated. The Democrats kept telling us that was just how things are in the modern world, and WE (the American people) just need to get used to high unemployment, businesses being shut down by regulations, open borders, etc. etc.... Then Donald Trump is elected president against all their expectations (they believed their own propaganda). They day after the election the stock market (which the progressive/Democrats predicted would crash) took off and has been climbing ever since. By the time Donald Trump took the oath of office unemployment had started to drop, and businesses were gearing up for an economic boom. Even before he became president Donald Trump proved that the progressive/Democrats (Barack Obama) had been lying for the past eight years while they pursued a globalist agenda that intentionally SCREWED the American workers. Now Donald Trump has added a new tax structure which will do even more to stimulate the economy, add jobs to the market, and improve the standard of living for EVERY American in the country. And the progressive/Democrats are having a meltdown because they have been exposed as the lying bags of $hiit that they are.

  • 3 years ago

    this country needs help and its not going to come from past immigration or higher taxes or making it easier for people to go on disability. or more regulation, or creating economic conditions where USA companies rush to keep income/business overseas avoiding USA liabilities.. high taxes stifle growth................... and growth is necessary for employment, higher wages, business expansion and CAPITALISM which gives everyone a chance to prosper.

    there isnt enough money to pay for all those bridges to nowhere the politicians built, the unpaid funding of social programs, social security, medicare, medicaid,, disability, AND REMEMBER the free houses politicians gave away through community development, no job, no downpayment, worthless mortgages almost took the country down...that was SOME trillion dollar social program and a market crash resulted....

    what you see now with this administration WILL create more prosperity, and this will be reflected around the world, hopefully this cycle will not be reversed as other administrations inevitably reintroduce socialism, higher taxes and more regulation.

  • 3 years ago

    The rich should pay their fare share, that's why

  • 3 years ago

    20% of taxpayers won't pay less and only the wealtby will experience a tax cut that will amount to much. For your tax cut gives you an extra $25/week you have to earn around $60k. They could have done a lot more for the middle class, but instead gave the big cuts to the rich, increased the deficit by over a trillion $, and the tax cuts will expire in a few years.

  • How do you think about the answers? You can sign in to vote the answer.
  • Anonymous
    3 years ago

    Well, for one thing, taxes will go up for some people. The tax cut limits, or eliminates, a number of highly popular tax breaks that people use. Most people will see a tax cut, but it will be very small for lots of people. Moreover, the tax cuts for everyone but the wealthy expire in just a couple of years. The tax bill freights most of its benefits to the ultra wealthy and big corporations. Now, you might argue what does this matter? Who cares how much the rich get their taxes cut if I get a tax cut too? But the problem is that this tax cut adds dramatically to the deficit, and thus the debt. Currently the US government spends more money than it takes in. So every year we like up more debt. This tax bill will make us take on even more debt. The thing is that someone has to pay for that debt eventually. One way to do this is to increase taxes in the future. So, what Republicans did was basically raise taxes on all Americans in the future to pay for a tax cut for millionaires and billionaires. The other way we can pay for this is to cut spending. We know that Paul Ryan now wants to use the deficit caused by this tax bill as an excuse to gut Medicaid and Social Security spending. So basically he wants to curt public assistance programs which are hugely popular to finance a tax giveaway to the rich. This is not what Americans want. About two thirds of Americans think taxes on the rich should go up. They're not willing to pay higher taxes or get fewer services in order to give more money to rich people.

  • Anonymous
    3 years ago

    We're decreasing taxes

    and increasing spending

    It's basic arithmetic.

  • 3 years ago

    This started with Ronald Reagan. Reagan convinced everyone that tax cuts would stimulate the economy enough to pay for themselves. He also said 'Tax cuts across the board', that everyone would get a cut.

    So what happened? Millionaires got hundreds of thousands of dollars or even millions of dollars. I was making $30k a year then, which was not bad money in those days, and I got $100. Honestly. $2/week. And the tax cuts DIDN'T pay for themselves, in fact Reagan tripled the entire pre-existing minimum debt.

    So look at Trump's tax cut. You might get $100 or $200, but your little tax cuts are temporary and the gazillionaires' enormous cuts are permanent. Plus the tax cuts won't pay for themselves, meaning the national debt will rise even more, for which you will pay the rest of your life, and your kids, and your grandkids.

    That's why some ppl are angry about the tax cut. We've been 'stimulating the economy' for almost 40 years now. BOTH parties. And it hasn't worked in all this time. Our national debt has grown from less than a billion dollars to 20 billion. Trump may double it again!

  • Because it means companies America-wide are giving employees a paycut so workers aren't actually profiting.

  • 3 years ago

    And now they’re going to raise the gas tax, and they want $25 BILLION for the wall that won’t do any good.

  • Anonymous
    3 years ago

    Broke

  • Anonymous
    3 years ago

    Some people don’t like losing their deductibles. And, apparently some states have to raise property taxes to pay for hurricane and fire damage. Climate change bills.

Still have questions? Get your answers by asking now.