Donald Trump has no trouble stealing credit from other people and lying about it. Fox News claims that the “economy is booming” with “record profits.” Republicans are using these “facts” to prove that their tax cuts for the multi-millionaires and billionaires are necessary. There is just one problem with that.
President Barack Obama set the economy on this course, but the GOP will not admit that. Their proposed tax bill has to cut all kinds of programs, such as Medicare and Medicaid, to pay for their mega-tax cuts. Republicans argue that once they give the ultra-rich and corporations tons of money, it will trickle down into the pockets of the middle- and lower-class in the form of increased wages. Hah.
The GOP has been using that line ever since President Ronald Reagan came up with it. They tried it twice and failed both times. Big business just passes the new money onto investors, and only about 50 percent of the country has stocks and bonds. So, that leaves the rest of Americans out of luck.
Republicans make another argument. They say that the reinstalled estate tax will save family businesses and family farms. However, that only applies if a person owns an entity worth $11 million. Again, they are trying to do a reverse Robin Hood – rob those with less and give to the wealthiest.
Let’s go back to those days when the GOP wanted to make America great again when the wealthiest paid 90 percent in taxes.
Here is Fox News trying to sell the Repubicans’ scam.
MAKE AMERICA GREAT AGAIN! pic.twitter.com/CbEwJSQ1A3
— Donald J. Trump (@realDonaldTrump) October 25, 2017
Fortunately, Americans are far smarter than Republicans give them credit for being. Here are some of our favorite tweets below:
— Ed Krassenstein (@EdKrassen) October 25, 2017
Featured image via Getty Images.