• stanleytweedle@lemmy.world
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    1 year ago

    https://en.wikipedia.org/wiki/Tax_Cuts_and_Jobs_Act

    Many tax cut provisions, especially income tax cuts, will expire in 2025,[9] and starting in 2021 will increase over time; by 2027 this would affect an estimated 65% of the population and in that same year the law’s provisions are set to be fully enacted,[10] but the corporate tax cuts are permanent.

    Kind of weird that he’d let the income tax cuts expire but leave the corporate tax cuts then, right?

    Also please be more specific about the ‘lies’ you’re babbling about. Do you have any sources for these ‘lies’ or is it just random things you’ve heard but never actually researched?

    • Optionhome@lemmy.worldOP
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      1 year ago

      A corporation sells you and item for $5.00. You lower their corporate tax and they charge you less and pay their employees more. Raise their tax rate and the opposite applies. I always get a laugh when people don’t understand cause and effect. The higher the taxation rate on a corporation the more WE get fucked

      • stanleytweedle@lemmy.world
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        1 year ago

        A corporation sells you and item for $5.00. You lower their corporate tax and they charge you less and pay their employees more.

        Do you have any data to support that theory or do trickle down economics just sound right enough to you?

        • Optionhome@lemmy.worldOP
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          1 year ago

          The “data” is common sense and how commerce has worked since the beginning of time. Are schools really so fucked up now that they don’t even teach the basic theory of cause and effect?