Trump’s 2017 tax cuts expire soon − study shows they made income inequality worse and especially hurt Black Americans

https://theconversation.com/trumps-2017-tax-cuts-expire-soon-study-shows-they-made-income-inequality-worse-and-especially-hurt-black-americans-233758

30 comments

  2. Don’t worry, they will push for new tax cuts. People are naive enough to think they are getting money back by saving a little money while the 1% save tens of thousands of dollars.

    Unfortunately I don’t have a ton of confidence in Democrat’s atm. Taxes are always viewed as a bad thing and people will be content with some money while their benefits get cut.

  3. The tax cuts were to drain more money from those who need it to those who have not needed any for decades.

    The pain was By Design as the GOP raised taxes on most of us while making the upper-earning and corporate tax cuts permanent.

    Reagan ran on cutting taxes and the deficit, he made your SSI taxable and created a massive deficit that only tRump has been able to equal..

  5. That’s ok. Trump produced so many black jobs that they don’t need those tax cuts. 

  6. Did anyone else go thru this scenario?:

    When I was working that first year of the cut, my payroll taxes were reduced… Great. But my wife the accountant did the math: I was currently filing “Married with one dependent. When she used the new improved tax table to project our end of year return… We had to change my status to “Married zero dependents… PLUS $30”!!! Had I not done this I would have owed a couple grand! I went to my HR person and she said “sorry, those are the tables we must follow”. Basically they just lowered the withholding schedule. Fuck Trump.

  8. Those “hurt” are welcome to vote in their own interests. Until then: shrug.

  9. I got really tired of telling people they are paying more for stuff under Biden because of the trump tax plan. Fell on deaf ears.

  10. Factually incorrect. Hourly earnings for black folks went up much more vs under Biden according to the government stats.

  14. What a shock. He’ll fuck anyone over if it benefits him, his family, or his “friends”, with no remorse.

  15. the superstars of the GOP continue their decades-long tradition of draining the resources of the average citizen

  18. Got it. Well hey, black Americans showed an uptick in voting for him last month, sooo…

  20. The tax cuts did exactly what he wanted them too. The rich got richer, and everyone else ultimately lost money. Just because your paycheck goes up $50, does not mean it won’t be eaten up at tax time with the new tables.

  21. Trump and the MAGA media will just blame it on Biden and the Democrats – it happened on their watch.

  22. I got a nice benefit from those tax cuts. I voted for Harris. You know what? I think I will just take the money. My days of trying to talk people into rational decisions are over. It’s what people wanted and I couldn’t talk them out of it with 8 years of work. So to hell with it, good luck with getting whatever it was you wanted when you voted for an authoritarian rapist.

  24. *”President-elect Donald Trump won more Black voters [in 2024] than any Republican candidate was able to do in nearly fifty years …”*

    Somehow I think this is a failing of the Democrats. And the same stooges are still running the party (see Pelosi canning AOC).

  25. oh yeah baby, insert racial identity politics in everything

  30. The idea that Trump’s tax cuts could become permanent was not discussed enough during the election.

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