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Politics

Wells Fargo will get $2 TRILLION - Sickening

Posted: Nov 3rd, 2017 - 10:57 am In Reply to: Republican tax plan - Impeach

You know, the bank who opened accounts FOR PEOPLE WITHOUT THEIR KNOWLEDGE!! Two Trillion dollars. You could write a check for $17,000 to each family in the U.S. making under $200,000 a year. The next corporations will get only $70 MILLION (poor things).

No credible economist in the USA will agree to this tax plan. What about infrastructure? Medicare and Medicaid will also have to be cut. It has proven more than once that this "trickle down" does not work. It did not work for JFK. Did not work for Regan. He had to turn around and increase taxes 10 times because of what this idea did to the US economy. Not only that, wages became stagnant. When Britain tried it, wages slightly decreased. It is far less likely to work now. Corporations not invest in products unless there is a demand. They will invest in automation which will eliminate more jobs than it creates. This is only common sense.

This "middle class miracle" as Trump calls it is a hoax!! If are allowed to double the standard deduction but have to eliminate personal exemptions, state and local taxes, and your health insurance premium doubles, YOU ARE NOT BETTER OFF! Some people may be $1,200 richer, depending on YOUR ZIP CODE. The same tax plan does not work for the same for every one, depends on where you live. It will even out for the Federal Government, while some taxpayers will be hurt by this. It is all speculation at this point until the plan goes through "the process," but some middle class WILL BE hurt by this. CORPORATE WELFARE will not be hurt, which was the whole purpose of this in the first place. This is smoke and mirrors. When it comes to a vote, people really have to take a close look at what this does for them personally, what it does for Medicaid, and Medicare (which is your future). Then take a look at what it did for the 1% and the top 30 corporations in this country who have protected their wealth, eliminated jobs, and lowered wages.

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