Honest question, Democrats always complain about the economy and that Trump is doing a bad job. I’m a little confused how they then support Biden who will repeal the Trump tax cuts? Pls no hostility

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Tax cuts are fine in a bad economy as it helps stimulate. However, they are the last thing you should do in a good one. We were in a good economy for 10 plus years pre-Covid. So tax cuts, while nice as a temporary sugar high, are going to cause problems in the future.

TLDR: conservatives as usual ordered a bunch of drinks at the bar and left us with the tab. Then they’ll blame democrats for ordering so many drinks. The party was fun while it lasted though I guess

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In addition to making corporate tax cuts permanent....

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He plans to repeal them for high earners and corporations

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*dunk gif*

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Tax cuts =/= strong economy

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83% of Trump tax cut benefits went to the top 1% and the others did not see a raise in real wages because of it. It doesn’t stimulate the economy. They are money hoarders because their money is a score in a game with their ego on the line. The higher you score, the greater you are showing others at the top you are

Democrats are so obsessed with “he’s not trump” that they forgot to look into what they’re actually even voting for with Biden/Harris

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"your an inbred" yikes, perfect example of Muphry's Law

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The deficit ballooned to $970B in 2019, before anything related to covid. It wasn’t a smart move to cut taxes while increasing military spending.

Then there was the cap on salt deductions. Plenty of voters ended up having to pay more in taxes because of that cap.

And finally the cuts didn’t have that many positive effects on the economy itself. Yes companies did repatriate billions back to the US, and some did increase wages, but a majority of those savings went into stock buybacks valued at nearly $1 trillion. That’s why the stock markets were hitting record highs, but there was very little economic or wage growth. If you want to encourage economic growth, you either invest in capital or invest in labor. Instead companies did what everyone expected them to do and they improved their stock price.

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Wall Street welcomes stability and is throwing in with Biden. Also... https://www.washingtonpost.com/politics/2020/10/14/finance-202-joe-biden-tax-plan-would-barely-dent-growth-conservative-group-finds/

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The tax cuts/raises debates always seem bass ackwards to me. It’s a relative debate of “more” or “less” rather than an absolute debate of “what’s the correct amount of funding required”

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