Three recent (in past hour or two) Facebook posts that reflect extremely divergent views on Tax bill in USA Senate
USA Senator Bernie Sanders: https://www.facebook.com/senatorsanders/posts/10156543467287908, around 15 mins back:
When Ronald Reagan slashed taxes for the rich in 1981, economic growth went down by 1.9 percent the following year and the unemployment rate increased from 7.5% to 10.8%. The 1981 tax cut was so successful, Mr. President, that Reagan had to increase taxes 11 times after that.
After George W. Bush cut taxes for the wealthy and large corporations, we lost nearly 500,000 private sector jobs, the national debt almost doubled, poverty increased, and median income went down.
After right-wing Republicans in Kansas cut taxes for the wealthy, revenue declined so much they had to make savage cuts in education, health care, transportation, and infrastructure.
In other words, trickle-down economics failed miserably in Kansas. It failed under the Reagan administration, and it failed under the administration of George W. Bush. It is a fraudulent theory cooked up by think tanks funded by the wealthy.
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USA President Trump, https://www.facebook.com/DonaldTrump/photos/a.488852220724.393301.153080620724/10160233647905725/, an hour or so ago:
Republicans Senators are working hard to pass the biggest TAX CUTS in the history of our country. This is a once in a generation chance!
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USA Senator Chuck Schumer, https://www.facebook.com/senschumer/photos/a.10150113225969407.290747.15771239406/10156074908124407/, around 45 mins ago.
Today the party of tax cuts may become the party of tax hikes on working Americans.
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Ravi: My God! What a divided house on such vital matters that will impact lives of almost every one of the 300 million odd Americans and also non-Americans living/resident in the USA!
Please note that I have a PUBLICLY NEUTRAL informal-student-observer role in these posts that I put up about USA politics. Of course, as I am an Indian citizen living in India, there is no question of me having voted in USA elections.
[I thank USA President Trump, USA Senator Bernie Sanders and USA Senator Chuck Schumer and have presumed that they will not have any objections to me sharing the above contents from their Facebook posts, on this post which is freely viewable by all, and does not have any financial profit motive whatsoever.]
When Ronald Reagan slashed taxes for the rich in 1981, economic growth went down by 1.9 percent the following year and the unemployment rate increased from 7.5% to 10.8%. The 1981 tax cut was so successful, Mr. President, that Reagan had to increase taxes 11 times after that.
After George W. Bush cut taxes for the wealthy and large corporations, we lost nearly 500,000 private sector jobs, the national debt almost doubled, poverty increased, and median income went down.
After right-wing Republicans in Kansas cut taxes for the wealthy, revenue declined so much they had to make savage cuts in education, health care, transportation, and infrastructure.
In other words, trickle-down economics failed miserably in Kansas. It failed under the Reagan administration, and it failed under the administration of George W. Bush. It is a fraudulent theory cooked up by think tanks funded by the wealthy.
----
USA President Trump, https://www.facebook.com/DonaldTrump/photos/a.488852220724.393301.153080620724/10160233647905725/, an hour or so ago:
Republicans Senators are working hard to pass the biggest TAX CUTS in the history of our country. This is a once in a generation chance!
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USA Senator Chuck Schumer, https://www.facebook.com/senschumer/photos/a.10150113225969407.290747.15771239406/10156074908124407/, around 45 mins ago.
Today the party of tax cuts may become the party of tax hikes on working Americans.
------
Ravi: My God! What a divided house on such vital matters that will impact lives of almost every one of the 300 million odd Americans and also non-Americans living/resident in the USA!
Please note that I have a PUBLICLY NEUTRAL informal-student-observer role in these posts that I put up about USA politics. Of course, as I am an Indian citizen living in India, there is no question of me having voted in USA elections.
[I thank USA President Trump, USA Senator Bernie Sanders and USA Senator Chuck Schumer and have presumed that they will not have any objections to me sharing the above contents from their Facebook posts, on this post which is freely viewable by all, and does not have any financial profit motive whatsoever.]
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