De> >> Trump gas = $1.80/gal
De> >> Biden gas = $3.60/gal
De>
De> Ne> These are facts? No they are not. I paid more than $3.60 of gas durin
De> Ne> Trump administration when COVID hit.
De>
De> No you didn't! even with Covid under Trump it never reached $3.00.
Ah yes, because you know more about Neofree's lived experience than Neofree themself.
De> Ne> You do remember that COVID hit under
De> Ne> Trump's term right? You do realize all the problems Trump caused make
De> Ne> Biden look bad because Trump's policies didn't actually really start
De> Ne> taking effect until after Biden was in office.
De>
De> Lol, NO! Biden caused his own problems by reversing everything Trump did f
De> the ecconomy.
False. Trump's tax cuts disproportionately negatively affected the lower & middle class, with the bottom 60 percent of households receiving an average tax cut of $500 in 2025 under them, compared to more than $60k for the top 1 percent. His tax cuts, on top of Bush's from 2001 and 2003 (most of which were made permanent in 2012), have eroded the US' revenue base from 19.5% of GDP at the turn of the XXI c. to 16.3% in the years immediately following them.
The promised "very conservatively" estimated $4,000 boost in household
income from the cutting of the corporate tax rate failed (or perhaps refused) to manifest for workers who earned less than $114k in 2016, while top executive salaries skyrocketed. Not even the 20% pass-through deduction, which was skewed in favor of wealthy business owners, has helped out workers in those businesses. Like every attempt before it, trickle-down economics have thoroughly and resoundingly failed.
(Source:
https://www.cbpp.org/research/federal-tax/the-2017-trump-tax-law-was-
skewed-to-the-rich-expensive-and-failed-to-deliver)
Furthermore, the Trump tax cuts also:
- Removed the ability to deduct a casualty loss, unless it's in a federally-declared disaster area.
- Removed the ability to deduct employment-related moving expenses, unless it's for active-duty military service.
- Taxed survivors' benefits allocated to the children of a dead servicemember as through the children were a trust or estate.
-̹ƒlian
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