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Well, I couldn't have said it better myself. She is correct. ‼️Check This Out.‼️
86,875 görüntüleme • 1 yıl önce •via X (Twitter)
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I promise. Trump knows economics. Rising tides lifts all boats. If your employer is doing well, you will do well. You will have a ton of job options, & employers will fight over you. Your benefits & retirement packages and everything will be better. If companies are doing well, they pay more taxes than if the government taxed them to death. Trump wants to make energy affordable. That means Everything will be affordable. Please trust him. He knows what he’s talking about. Google basic economic theory or open a book about economics. It’s true! Also, it’s easier than ever to invest! Get yourself a Robinhood account or open a money market account at your bank. Take any extra money you have from the new great job you’ll have under Trump and research companies your interested in and buy and hold their stocks. When those companies do well because of tax breaks, because you’ll own a bit of the company, you get a piece of the pie! Rising tides lift all boats!!!

From 2016 to 2020, Donald Trump's administration implemented the Tax Cuts and Jobs Act (TCJA) in 2017, which was one of the most significant tax reforms in recent U.S. history. Here's a summary based on historical data and policy details: Individual Tax Cuts: The TCJA doubled the standard deduction, increased the child tax credit, and reduced individual tax rates across several brackets. However, these cuts were set to expire after 2025 unless renewed. Corporate Tax Rate: The corporate tax rate was lowered from 35% to 21%, making the U.S. corporate tax rate more competitive globally. Pass-Through Businesses: The Act introduced a 20% deduction for pass-through businesses, which includes many small businesses structured as partnerships, S corporations, and sole proprietorships. Other Changes: It limited the deduction for state and local taxes (SALT), modified the mortgage interest deduction, and made changes to the estate tax, among others. Trump's Economic Proposal for 2024: Tax Policy Continuation: Trump has proposed making the TCJA's individual and estate tax cuts permanent. This includes potentially removing or altering the cap on itemized deductions for state and local taxes (SALT). Corporate Tax Rate Reduction: There's a suggestion to lower the corporate tax rate further, potentially to 15% or at least to 20%, especially for companies manufacturing in the U.S. Exemptions from Income Tax: Proposals include exempting tips, Social Security benefits, and possibly overtime pay from income tax, aiming to benefit lower and middle-income workers. Tariffs and Trade: Trump has floated the idea of imposing a universal baseline tariff and significantly higher tariffs on specific countries like China, aiming to protect domestic industries and rebalance trade deficits. Economic Growth through Taxation: By reducing corporate taxes and individual income taxes, the proposal aims at increasing economic activity, though this comes with the trade-off of potentially increasing the federal deficit unless offset by spending cuts or other revenue sources. Budgetary Impact: Analysts have estimated that continuing these tax cuts and adding new ones could significantly increase the federal deficit over a decade, with figures varying based on economic assumptions and the specifics of the proposals. Immigration and Economic Policy: While not directly a tax policy, Trump's proposals on immigration could impact the economy by affecting labor supply, potentially reducing GDP growth if immigration is restricted significantly.

Love her. ❤️

Exactly 💯

Kamala is screwing the middle and lower class.

@TheLizVariant Right on

He is giving the rich a tax break because he wants them to keep the work in the USA. Not going to another country. People don't understand this. Because they are brain washed and stupid.

You said it 100% correctly!

How many billionaires support Trump🤔

🥰💯💯💯💯🇺🇲🇺🇲🇺🇲🇺🇲👍🏿👍🏿👍🏿👍🏿Absolutely Agree 👍🏿👍🏿👍🏿

