I note that your comment is vague, you make a statement in regard to Trump's tax cuts making the rich richer, yet you give no examples of how you came to that conclusion.
I can actually provide you with some of the commonly cited advantages or pros of Trump's tax cuts for Americans, It's also important for me to point out in fairness, that opinions on the effectiveness and impact of the tax cuts vary among experts and the general public. I will offer some arguments in favor of the tax cuts, to further the conversation.
Keep in mind, one of the primary objectives of the tax cuts was to stimulate economic growth by providing individuals and businesses with more disposable income. With lower tax rates, it was argued that people would have more money to spend, save, or invest, which could boost consumer spending, business investment, and overall economic activity. Which did occur under Trump...
Those that were supporters believed that lower taxes would incentivize businesses to expand, leading to increased job creation and higher wages for employees. The expectation was that with reduced tax burdens, businesses could allocate resources to grow and hire more workers.
"We also looked at the change between 2016, the year before Trump took office, and 2019. Viewed that way, the numbers support Trump’s statement. Between 2016 and 2019, the low-wage earners saw a 14.6% rise, compared with 13.5% for the top earners." https://www.politifact.com/factchecks/2 … ata-behin/
"If it were up to small business owners, Trump would get his second term" https://www.theguardian.com/business/20 … econd-term
"The Dow Jones Industrial Average returned 56% during the Trump presidency, according to LPL. This represents an annualized gain of 11.8%, which is the best performance for any Republican president since Calvin Coolidge during the roaring 1920's." https://markets.businessinsider.com/new … %201920's.
Did consumer spending occur --- Yes, until we were hit with COVID https://www.washingtonpost.com/business … -slowdown/
The TCJA included provisions to encourage multinational companies to bring back profits held overseas by offering a lower tax rate on repatriated earnings. This could potentially lead to increased investments in the U.S. economy and job creation.
Job creation under Trump https://trumpwhitehouse.archives.gov/is … nomy-jobs/
Advocates argued that the tax cuts provided much-needed relief to middle-income families. The increase in the standard deduction and child tax credit was seen as particularly beneficial for lower and middle-income households.
Trump’s Middle-Class Economic Progress
A new study indicates median incomes are rising far faster than they did under Bush or Obama.
https://www.wsj.com/articles/trumps-mid … 1569786435
The TCJA aimed to simplify the tax code by doubling the standard deduction and reducing the number of taxpayers who would need to itemize deductions. Simplification was expected to reduce the compliance burden for many taxpayers.
Proponents asserted that lowering the corporate tax rate would make the United States more competitive globally and attract foreign direct investment. This, in turn, could lead to increased capital investments, job opportunities, and economic growth. "GDP: U.S economy grew 2.3 percent in 2019, a solid ..."
https://www.washingtonpost.com/business … -slowdown/
Positive Impact on Stock Market: Some supporters argued that the tax cuts contributed to the stock market's rise during Trump's presidency, benefiting investors and retirement accounts.
It's important to recognize that while these points represented the potential benefits when COVID hit our Nation as most around the world saw economic growth go down. The US continued to hold its own until 2021, and we then plummeted into high inflation and all the problems that come with inflation.
It is very clear that Trump and some of his associates have been
indicted. And although the indictments make for interesting discussions, it is clear that thus far, we have heard charges, and thus far the charges are allegations. I think once court proceedings commence we will hear Trump's side, and I am sure the trials will make for interserting conversations.
You say you hope to discuss " multiple indictments against him and the number of members of his administration who are also under indictment or have gone to prison. "
Have at it. Open a conversation. Your comment really says little of nothing that you hope to discuss. I addressed both of your thoughts with an opposing view SOME might have... So can you continue the conversation?
