Will the tax plan benefit the middle class or for rich only?

[B.UTLER]

This thread is not about trump but about the tax plan.

Is this a good thing for hard working middle class

[BoxingTech718]

I guess we all will have no choice but to find out.

I suspect it will be reaganomics 2.0 complete with Iran Contra scandal

[Drunken Cat]

It's going to lead to higher debt, which will lead to higher inflation, which will be a tax on middle class financial assets and see commodity prices rise. There's seemingly nothing in the bill for the middle class. However, the adverse affects on revenue mean more cuts to all sorts of government spending, including on services, infrastructure, and the money for the government to actually operate (including paying staff, etc.).

[Eddy Current]

What I've seen (which is not a ton) sort of says the middle class will see a little benefit right away, but it will gradually get worse for the middle class and ultimately be a bad thing for them and a great thing for the rich.

[devildg]

the rich in the long run. "trick down" has been debunked for many decades now.

[JimRaynor]

Here is who the Tax plan will benefit


Red States
Corporations
Small Business
Middle Class
Poor


Here is who the Tax plan will not benefit

Parts of the Upper Middle Class
Blue States (with high state taxes)

[1bad65]

Here is who the Tax plan will benefit


Red States
Corporations
Small Business
Middle Class
Poor


Here is who the Tax plan will not benefit

Parts of the Upper Middle Class
Blue States (with high state taxes)

That's about it right there.

Me, I'm getting a nice tax cut.

[B.UTLER]

Here is who the Tax plan will benefit


Red States
Corporations
Small Business
Middle Class
Poor


Here is who the Tax plan will not benefit

Parts of the Upper Middle Class
Blue States (with high state taxes)

You forgot rich people lmao. And lol at 1bad65 so happy with his paltry tax cut while the rich get huge tax cut.

Hey I'll take it but what about our debt and deficit if everyone getting tax cut

[devildg]

Corporations will use their tax cuts to pay down the corporate debt and issue dividends.

it will not be used for job growth or that other nonsense.

[Eddy Current]

"Trickle-up Economics" is another way to view this tax plan. The definition is as follows:

The financial principle of bleeding the poor and middle class of any expendable income (and some necessary income) so they cannot buy anything, thus impacting the government-supported mega-corporations and lending institutions, requiring Republican idiots to give them more money to continue their financial destruction of the United States. Amen.