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Despite the popularity of President Trump’s tax plan, Democrats are already planning on reversing it if they regain control in November 2018.
Not only that, but they’re also looking to raise the tax rates on corporations and wealthy.
Plan - Deficit - Spending - Democrats - Tax
The plan would also greatly increase the deficit spending Democrats complained, back during the tax cut process, was already too high, creating and funding a $1 trillion infrastructure plan they claim will put Americans back to work – even though jobless numbers are, right now, at a low. They would use an additional $40 million to provide high speed internet to rural America, the Washington Times reports.
The plan nearly wipes out any gains achieved by the Trump tax cuts, because Sen. Chuck Schumer, who presented the plan, believes Trump’s tax restructuring – particularly for corporations – is “unpopular.” It seems he’s missed the memo; although Trump’s popularity has suffered in recent weeks because of rumors of an extra-marital affair with an adult film star, and increased activity from the Special Counsel’s office, the tax cuts remain well-liked, and propelled the President to near 50% approval in January.
Deal - Fuzziness - Corporations - Share - Wealth
A great deal of that warm fuzziness stems from corporations announcing they would “share the wealth:” increasing wages, paying out bonuses, expanding their businesses,...
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