So the Senate approved the budget which is built around cutting taxes. Most of the taxes cut will be for the richest people with many middle income people actually paying more in taxes according to the CBO. Further, cuts to Medicare and Medicaid and an increase in the deficit will cause problems down the road.
However the real lie here is that the corporations getting tax breaks will boost productivity and boost the economy. We have seen this before and they will use the money to buy back stocks and consolidate by buying competitors which will cost jobs. When companies put more money into automation and buy other companies they need fewer workers so lay people off.
Ask your representative how this helps America and do not let them give you spin or pie in the sky promises. See if they can offer any provable history that this actually works. They will have none to offer. I have been challenging my reps for two months now and get nothing but crickets on the issue.
Watch my video on Trickle Down Economics ( what this tax plan is based on) and next weeks video on Demand Side Economics.
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