Originally posted by 1bad65
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On top of that, this adds $1.5 trillion on to the debt. It has already added over $97 billion to the national debt. Future taxes will have to be higher to pay for this corporate tax cut. Along with cuts to programs that benefit the middle and working class.
Do not forget Obama took over in the middle of the Great Recession. Before the stimulus went into effect, unemployment was at 10%. This was after 8 years of major tax cuts for the rich and a slash in regulations. When Obama left office, unemployment was at 4.7%. And Obamacare raised taxes on corporations quite a bit. And then Obama again raised taxes on the top tax bracket in 2014. And with these tax hikes unemployment went from 10% to 4.7%. People would rather have a job than no job at all.
And most people would prefer to work 40 hours a week and make enough to live on. Lower wages is not a good thing. Longer hours is not a good thing. Most people would prefer to be able to be home with the family, to be able to cook supper for the family, than work 60 hours a week.
Oh, and health insurance is more because Republicans refuse to pay insurance companies the money they were promised to help set initial premiums. And they took away the individual mandate (which the mandate was a Republican idea). Now people pay much more in health insurance. And since Trump pulled out of the Iran deal, that has caused gas prices to jump.
Increases in prices for gas and healthcare are more than the few dollars a week from the TEMPORARY tax cuts. However corporations, and the richest people, will save billions. They just won't raise wages or do anything else to have that wealth "trickle-down".
Go on though, keep trying to convince people that less money and longer hours are what they secretly want.
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