Jun 19, 2019 ~ Donald Trump awards Dr. Arthur Laffer the Presidential Medal of Freedom. Laffer is the 'Father of Supply-Side Economics' used by Reagan, W. and Trump. Helped usher in 'the greatest economic expansion the world has ever seen in any country, at any time' acc. to Martin Anderson.
Sep 1, 2019 ~ Median household income has increased by $5000 since Trump began from $60,973 in January 2017 to $65,976 in August 2019. Median household income increased less than $1000 in all 8 years of Obama. Trump claims its really like $7000 including the tax cut.
Dec 19, 2019 ~ Bloomberg article, 'U.S. Companies' Repatriated Cash Hits $1 Trillion Under Tax Law' thanks to the Trump corporate tax cuts. 'Before the overhaul, companies were incentivized to keep profits overseas because they owed a 35% tax when bringing it back.'
Dec 27, 2019 ~ Dems lie saying Trump's tax cuts and other economic reforms were 'for the rich' but numbers show that the lowest 25% of wage earners got the biggest wage increases by far. 4.5% vs avg of 3.6%. Top 25% only increased 2.9%. Due to very low unemployment leading to tight labor market
Feb 11, 2020 ~ Stephen Moore, 'Defusing the Debt Bomb'. Debunks myths like 'Trump caused these deficits'. No they were 'baked into the cake' from decades of passing unaffordable programs. 'Trump tax cuts caused the deficit'. No, the tax cuts increased, not decreased tax revenue. Dems worse.
Mar 5, 2020 ~ Biden tells everyone who benefited from the Trump tax cuts (almost all taxpayers) that he's going to raise their taxes. He asked his crowd who benefited from Trump's tax cuts (maybe thinking no one had?) 'Guess what, if you elect me, your taxes are going to be raised, not cut.'
Oct 22, 2020 ~ Kevin Williamson, 'Joe Biden Can't Tax the Rich'. Tax increases on 'the rich' and businesses boomerang back onto the poor and middle class. They pass on the increases in the form of higher prices, lower wages, less raises, less hours, layoffs, etc. GDP goes down. Hurts 401k too.
Mar 1, 2021 ~ Larry Kudlow at CPAC, 'Real median family income rose in the 3 years before the pandemic by $6500. That is 5 times what the prior admin [did] in 8 years.' 'Record low unemployment 3.5%' Dems always lie 'tax cuts for the rich' but blue collar real wages +10%. Top 10% only +4%.
Jan 27, 2023 ~ Stephen Moore 'It's Official: Trump's Tax Cuts Paid for Themselves' "revenues were up 40% in five years. The evidence through the first three years of the tax cut finds that the share of taxes paid by the wealthiest 1% rose as well." Tax cuts for the rich?
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