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Politics

The economy has been jumpstarted on the PROMISE of the tax cut - sm

Posted: Dec 18th, 2017 - 10:53 pm In Reply to: The tax plan is bad for us - I assume you are not wealthy MTs

The economy has already been doing better under Trump than it was under all 8 years of Obama. All economic indicators are up and rising. This is all based on the promise of a tax cut. If promising a tax cut can do all that, how can enacting it not help?

The reason this has been the weakest recovery is the corporations didn't trust Obama. They knew that he'd pass some law (with his pen and his phone) that would hurt them. They weren't wrong. Obama kept giving speeches and moaning about the greedy corporations not paying their fair share.

If the sole solution was to give consumers extra money then Obama's stimulus would have worked. Why didn't it?

If you still believe giving consumers extra money is the way to go, then the tax plan has you covered. You'll get a stimulus payment on April 15th. Well, unless you live in DeKalb County, IL., own a $400,000 house and pay $11,000 in property tax. But even then you still might make something.

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