Trump: Did He or Did He NOT Lower Americans’ Taxes?
In the nearly 3 years President Trump has been the president, his tax policies have included an average of $5,000 to the average household income. You ‘d never recognize it if you just listened to the assaults from the Democrats on the platform during one of the most current Democrat candidate dispute, though.
Despite many 2020 Democrat presidential candidates’ claims during Tuesday’s debate, President Donald Trump lowered taxes for middle-class Americans.
Sen. Kamala Harris (D-CA), Sen. Amy Klobuchar (D-MN), and former Vice President Joe Biden claimed that President Trump only lowered taxes for wealthy Americans and large corporations.
However, despite the Democrats’ claim, an overwhelming majority of Americans received a tax cut through the Trump Tax Cuts and Jobs Act.
Eighty-two percent of American middle-class households received a tax cut and received an average tax cut of $1,260. In Ohio, where CNN is hosting the debate, the average Ohioan received $1,476. Ninety percent of Americans saw an increase in take-home pay. The tax cuts3.3% raise wage growth by 3.3 percent and helped foster historic lows in unemployment.
The Trump tax cuts also doubled the child tax credit and expanded its eligibility, which greatly helps the American working-class family.
Further, the Trump Tax Cuts and Jobs Act also repealed the Obamacare individual mandate, which serves as a giant middle-class tax cut. Eighty percent of those who paid the Obamacare individual mandate fine made less than $50,000, making the mandate’s repeal a significant tax cut.
American Tax Cuts
In times past, the Democrat event billed itself as for the functioning man, but in retrospect, I believe it was all a configuration to stimulate jealousy and department as well as has actually helped with class war on several fronts. It goes simply the opposite of the goal towards which we ought to be making every effort. We are the United States of America, not the land of a hundred or a thousand different tiny groups competing to be the top dog. We have been instructed to dislike our next-door neighbors and also to be envious of his/her success and prosperity instead of rejoicing over their advancements.
