wld4tatas

^^ Still true today. Trump’s Corporate Tax Cut Is Not Trickling Down https://www.americanprogress.org/article/trumps-corporate-tax-cut-not-trickling/ Just pull up the economic charts, the tax cuts to the wealthy and large corporations exploded the debt but did not produce an inflection in economic benefits distinguishable from the trends Trump inherited from Obama. In some cases the metrics were even worse: Obama averaged 215,000 jobs per month in his second term Trump averaged 182,000 jobs per month through 2019

>and entrepreneurs re-invest that money into their business and the economy. Trickle down economics... largely discredited as failing to live up to it's promise, and instead mainly just helping the rich get richer.

Trump inherited a strong economy from Obama and rode his coattails; his tax cuts gave a marginal boost to the middle class and an unnecessary whopping boost to the rich, all while exploding the debt. Stay tuned for more of the same. Trump tells wealthy donors he wants to extend his 2017 tax cuts. Here’s why they’d benefit the most https://www.cnn.com/2024/04/10/politics/trump-2017-tax-cuts-rich/index.html

How soon they forget Trump’s tax cuts helped billionaires pay less than the working class for first time https://www.theguardian.com/business/2019/oct/09/trump-tax-cuts-helped-billionaires-pay-less

Trump had plenty of mega-wealthy supporters who are no doubt looking out for themselves, while the wealthy supporting Harris clearly had other values determining their vote. I'm all for balancing the budget as long as the wealthy take most of the hit. That's unlikely to be the case though, under the swamp of right wing millionaires and billionaires about to take over the federal government.