Democrats want to repeal most important part of Trump’s tax cuts

[mystery-ak]

Democrats want to repeal most important part of Trump’s tax cuts
by Alex Hendrie
 | February 15, 2020 06:00 AM



Democrats are vowing to repeal the GOP’s 2017 tax reform bill, starting with raising the corporate income tax. The Democrat-controlled House Ways and Means Committee recently held a hearing laying the groundwork for this tax increase, falsely claiming that the corporate rate was lowered at the expense of middle-class families.

Reality belies this rhetoric. The corporate tax reduction from 35% to 21% has benefited families and workers alike by growing the economy, raising wages, and creating new jobs.

It’s no coincidence that, in the two years since the tax cut, unemployment has dropped to a 50-year low. It has hit all-time lows for key demographics including women, African Americans, and Hispanics. Thanks to these pro-growth policies, nearly seven million jobs have been created since Trump took office, and there are now fewer unemployed people than job openings.

Wages have also grown.

more
https://www.washingtonexaminer.com/opinion/democrats-want-to-repeal-most-important-part-of-trumps-tax-cuts

[goatprairie]

Not just those, they'd like to revoke all tax cuts. By nature, all Democrats hate money being kept by individuals that could be going towards the ever bigger and more invasive state.
In Dem eyes, your money is not yours.....you should only be allotted so much to survive and the rest kept by the gov.
In the immortal words of William "Slick Willy" Clinton, you wouldn't spend it (tax cuts) right.

[PeteS in CA]

Well, yeah. Dems gotta destroy Trump's economy, even by using FUD (Fear, Uncertainty, and Doubt) since Trump would not sign such a tax increase bill.