Trump tax cut benefits all congressional districts up to $44,697 per family. –Kevin McCarthy, GOP Majority Leader, July 24
… record setting optimism is no accident. It is a reflection of the game-changing tax reform passed six months ago. Manufacturers are expecting surges in hiring, investments and wages as a result. Great news for #NY23! —Rep Tom Reed, facebook, June 28
There will be pie in the sky when you die.–Woody Guthrie
Maybe a little something will trickle down to us eventually.
Have you spent your $44,697 yet? Maybe someone else got that.
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I got the 7, someone else got the 44,690.
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I often see Reed supporters bragging about how much higher their take-home pay is nowadays. I have to conclude they’re lying, because I looked at the tax tables and, unless they’re all earning six figures (which seems unlikely hereabouts) they aren’t realizing that much in gains. And the other side of this is whether the deductions employers are making now are actually going to be high enough to cover everyone’s tax obligations come next spring. My own accountant warned me about that very thing.
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