Shouldn’t have been a surprise. Some people taxes were going up, in the thousands. The whole pkg was a scam to give a MAGA tax break to the top. There shouldn’t be any surprise either when all their taxes, except for the top, go up in a few years. For those that are enjoying a bit of a tax break now, it’s temporary, so that again, the top can get their MAGA tax breaks forever. There shouldn’t be any surprise either when social safety nets and other gov programs are cut due to the growing debt accelerated by this MAGA permanent tax break to the top. If you are surprise, you haven’t been paying attention or if you have, you’vebeen fooled. Scammed if you believe the man.
As far as that trickle down thing... let's look at the bank sector after 1 year of the MAGA tax cut. In just one sector, $21B to the top, millions are paying thousands more in taxes, everyone normal will see their tax go up in a few years, debt accelerated by 1.5T and more. Social service cuts coming. MAGA. U.S. Banks Win $21 Billion Trump Tax Windfall Then Cut Staff, Loaned Less https://www.bloomberg.com/news/arti...billion-tax-windfall-cut-staff-ease-off-loans By year-end, most of the nation’s largest lenders met or exceeded their initial predictions for tax savings. On average, the banks saw their effective tax rates fall below 19 percent from the roughly 28 percent they paid in 2016. And while the breaks set off a gusher of payouts to shareholders, firms cut thousands of jobs and saw their lending growth slow. The 23 firms boosted dividends and stock buybacks 23 percent, and they eliminated almost 4,300 jobs. A few have signaled plans to cut thousands more.
