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- เผยแพร่เมื่อ 13 มิ.ย. 2024
- ABC News correspondent Elizabeth Schulze breaks down the impacts of Donald Trump's proposed tax cuts for corporations.
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Tax cuts for companies that have had record profits lately? Yeah it will definitely trickle down to the people for sure
I see your sarcasm. They've been selling this lie since the Reagan administration in the 80's and their pea-sized brain voters keep falling for it and voting the same people back into office.
Corporate Welfare.
If you have a job, it is definitely "trickling down" to you. If you own stock it is definitely "trickling down" to you. If you have worked hard and smart and own a corporation that makes a profit, it is definitely "trickling" down to you.
Let's hope so, if it were not for Medicare I would have had to sell my house.I paid nothing for my lasic eye surgury and a full knee replacment.
I hope so !
Yeah, because corporations need tax cuts 😡
Greed will be the death of Democracy.
Not just democracy but humanity.
If 1 person has it all it's no longer worth anything.
Letting companies go overseas at the cost of jobs in America for higher profits yes cut taxes and tariff the crap out of imports save jobs save American Manufacturing
@@alanzan1202 Stop cutting taxes for the rich, they already have way too much power over our country
Blah blah blah democracy, you clowns don't realize capitalism has brought you an easy life.
Nothing but greed
Tax Wall street and stock buybacks..
Stock buybacks are just a way of converting taxable dividend income to long-term capital gains.
Stock buybacks are taxed moron!
Of course even Trump is beholden to corporate overlords
Yeah and TURMP IS PISSED BECAUSE HE GOT CAUGHT RIPPING OFF THE FEDS !!!!!!! Poor baby.
He IS a corporate overlord. From the very beginning, I don't know how people didn't already know he would enact policies to benefit his companies and his corporate buddies.
Do you have any retirement investment? Most of us do, and the investments are in corporations; tax cuts on corporations are tax cuts for most of us.
Trump himself is one of the largest beneficiaries of the Carried Interest loophole. You know, the one whose elimination was sunk by the nay vote of Kyrsten Sinema and other Republicans.
@@gooser__43 History proves corporations will do just fine without the tax cuts. After all, CEO bonuses depend on shareholder return. Deferring needed infrastructure spending in favor of unnecessary tax cuts will hurt corporations even more than individuals. People need to see beyond their own noses.
Homeless crisis and mass poverty but giving tax breaks to money hungry corporations..sounds about right
Do you want free money from the government?
Yes times are tough here too, but they didn't give the rich a tax cut but all age, sick and unemployed go $60.00 pay rise because of rising cost of food.
@@private5230 yeah whatever that mean purple sea monkey is in underwater habitat foundation feeding the poor for the rich to prosper and such and such. Da fuk
This taxing inequality is The Problem
What taxing inequality?
When the poor class going to get a tax break.
@@jdubb6960they pay little or no taxes already
They already make enough money.
@@lostnlove2309 you make enough money, so let's take more from you
Cutting taxes for 800 billionaires
Doesn’t matter. Billionaires have options regardless of a tax cut. Taxes and regulation is the difference between creating jobs in the US or a third world country.
That means that everybody else’s taxes will go up.
@@DaDansinBear 54 percent are middle class. Of 330 000 million people.
@@robertbolton9450 I know that.
Prove it!
Tax the rich..
Never happen. Every President in modern history used that tactic to get votes. Then they turned around and gave them tax breaks.
You know aoc is a corporate sellout too
The rich are already paying almost all of the taxes. I say tax the unproductive people that produce nothing and not tax the rich at all. Do you realize the States would be better off and our overall economy would dramatically rise?
who? Biden billionaire donors?
Yeah… that’s exactly what we need.. 🤦🏼♀️🤦🏼♀️🤦🏼♀️Corporations getting more money… THIS IS INSANE!
I would rather give money to American corporations than waste $200 billion in Ukraine!!
It is to get more corporations here in the states. Remember when AOC ran Amazon’s headquarters out of NYC. Same thing here. We need good paying jobs. Biden is talking about getting rid of Trump tax cuts. That means everyone’s taxes will go up. Our economy is already headed in the awful Obama years. Why do you want to pay more taxes?
@@balamala2647 exactly. Why do we want to work hard to fund wars and pay illegals to destroy our country. Trump 2024!!!
The only people that get money is our government. Corporations earn it as we do.
@@yaz1294 how would they be the losers? Please explain.
Tariffs will cost the American consumers because selling products will cost the companies more to obtain. The corporate companies will pass the price hike into the consumers.
So why is inflation so high now?
@@henryroman5415bidenflation
Exactly
0:03 0:03 @@firstlast8258 NO actually all the tariffs Trump put on goods caused inflation and the covid that Trump denied added to world wide inflation. Biden is on the right track and inflation is going down , but the greedy corporations that trumps is promising tax cuts to is not going to lower prices. BIDEN made a bill to stop them from price gouging and the Republicans voted NO .
@@henryroman5415 It was higher due to the Covid global shutdowns and supply-chain issues, but it has now fallen to near historic averages.
You can’t say you are worried about the national debt and then be in favor of tax cuts. If you cut taxes you are going to increase the deficit. Why tax breaks for the wealthiest who definitely do not need more money
you are exactly wrong. cutting tax rates will decrease the deficit because tax rate cuts always result in increased tax revenue.
@@douglasscovil3447
Nonsense!
Trump’s tax cuts for the rich exploded the national debt by $8,000,000,000,000.
Now he wants to do it again to appease his fat cat donors?
No thanks..
@@douglasscovil3447 really? Cause when Reagan was president all he talked about was the debt and when he left office he almost tripled the debt. The debt is always higher under republicans. Also Clinton had a surplus while in office and no republican has come close to that.
He also wants more tariffs and that means higher inflation.
Obviously you’re uneducated in economics but thanks for playing.
Didn't these corporations recently received PPE loans and have made an increase in record revenue after the pandemic? 🤔
Greed, yes, that is TRUE.
I dont know if hes trying to win, he seems to be burning it down
Who??? Trader JOE
Insanity! Corporations have made record profits price gouging America during Covid, and this clown wants to give them more.
Well, record profits because those numbers are inflated because of a failed monetary policy….i agree with you, but let’s be honest about it.
It’s coz he has no policy really and is relying on ridiculous gimmes to the rich
Think of it like this. If you’re a business owner and you have to pay almost 40% of your profits to the government, how on earth do you expect to give your employees a raise? Taxing the rich more does nothing for poor people because the government just takes that money and throws it out the window.
The businesses in my industry are constantly fighting for employees and if even one decides to invest in higher wages people will flock to them and leave any greedy CEO’s behind. That’s GROWTH
Trump is insane. Absolutely insane.
He is also an evil fascist.
He's an economic expert. He proved it in his first term.
@@AnuraniaHe increased the debt by 8 trillion dollars. America is screwed.
They all are!
@@Anurania Bot?
PimpDaddy Don flashin' that cash
people don't understand , we must give the rich huge tax breaks , have you checked the cost on what a new 400 foot mega yacht is going for these days , so please people give them the tax break they deserve
Don't they have enough tax cuts already I guess us middle class just has to carry the weight as usual
Just Let Him Fool You People Again.His Word Is Not Very Good .
trump ' please help my very poor billionaire friends get richer by making the poor suffer more'
The poor have been suffering under this horrendous Biden regime.
Lower taxes is good, regardless of who it’s for
@@Grande79 they the rich and corporations don't pay enough to begin with
@@hopefulheadcase the rich pay the vast majority of taxes, who do you think pays? The poor? Taxes should be lowered for everyone
@@hopefulheadcase there shouldn’t even be a corporate tax, there is already income and payroll tax. The amount of times a dollar is taxed is fcking absurd.
If you’re struggling to pay your rent trump is going to give corporations tax cuts and the rich. Leaving you getting no ware.
Oh no here we go again helping billionaires. In case you have ever worked a day in your life. You generally don’t receive a paycheck from a poor man. But 15 an hour now gets you 2 inch snickers bar for 2.98 fjb
Lol....trump is at a point where he will say anything to save himself. even if it means just flat out lying. he tell the CEO.s my plan will cut you taxes way down then tell the other 99% it will also cut you taxes and and you will have healthcare. I expect him to start shoveling out the BS at every rally. people forget in 2016 he said i wont tell you my policies are till you elect me. gets more desperate as time gets closer
CUTTING TAXES.
INCREASING CEO SALARIES/BONUSES.
Food, Gas, Product prices are inflated.
Weren't the tax cuts supposed to improve corporate infrastructure so that they can pump out more affordable supply of products? WHY IS IT AT AN ALL TIME HIGH??
GOP, we can't find any money for infrastructure spending. GOP, we can't find any money for Veterans spending. Also the GOP, we have $2 trillion dollars for tax cuts, thanks to Social security.
So government spending is the answer, according to you. Where do you think the government money comes from; taxes on everyone. More government spending equals more taxes.
That’s literally the only policy he has. Let the 1% keep more of their money and let the rest of us keep the country afloat.
Rump sucks
You can't have a tax cut under these current conditions. You need a tax increase and spending cuts to balance the budget.
you're right about the spending cuts part.
Hahaha these comments and the amount of people who dont understand taxes
CEO'S walked out on his ass
I’ve heard he was not winning over corporate executives based on his usual wandering dialog.
I do research on a variety of subjects. Google said that when The Republican Politicians have. The majority the poor people suffer. When the poor people suffers the middle class suffers too. The middle class boost The Economy.
We're suffering now! Food, gas, rent, it's insane prices.
We must ponder the question of why Felonini needs the gag order lifted. If you truly are in it to propel America forward, can't you discuss your plans without crying about judges, lawyers and witnesses?
If he cuts their taxes any more, he’ll just be sending them checks.
Large companies are paying nearly all of the taxes going to the DC government. How much more should they be taxed?
It seemed to work before. I don't see why it wouldn't again. Everyone had more money, prices were much lower, and the government brought in record breaking tax revenue because of the booming economy and consumer spending.
Taxes are not the peoples number 1 issue. This "economist" is clueless😂😂
Yep, cut corporate tax and increase individual tax to make up the difference.
no, increasing the individual tax rate will not be necessary, because decreasing the corporate tax rate will result in more tax revenue just like always. trump should also be lowering the individual tax rates so we can get even more tax revenue for the government.
@@douglasscovil3447
Trickle down doesn’t work.
Inheritance taxes 10 after 10 000 for county roads and bridges.
He’s such an every day bad news show.. Just go Away!
Vote Blue!! 💙
What is slimeball exclamation point no sense about him at all
Keep the rich, rich, If you are poor, that is your own fault.
They didn't report how this meeting was a huge flop for Trump, where CEO's said he sounded like a lunatic.
TAX CUTS FOR WARREN BUFFET .
wow she was very neutral in her analysis😂😂😂
Funny how we kept hearing "Trump is gonna help his friends get richer" Yet..under Biden i keep hearing "Evil CEOs, record profits" LOL
What would you have Biden do to manage corporate greed?
@@russwhite8872 it has nothing to do with him managing corporate greed saying how all this was supposed to happen under Trump.. "make his friends richer" and we're having inflation under Joe but many claim it isn't on Joe its just lining up corporate profits yada yada BS
Cutting tax on tips, corporations oh how great it would be for you Mr. Trump I see you are positioning yourself well.
But screw the rest of us.
I’m thankful for the last round of tax cuts. It’s saved me a lot of money! #NeedTrumpBack
He either needs to force all American manufacturing companies come back to State side OR...stop bringing their products in the U.S. and take all of those empty buildings and give them to upcoming American companies to produce those identical products. Bring back ALL steel jobs, oil/pipeline companies, and save the Wyoming coal mine/jobs.
Keep wishing dude.
King Con has no idea what the hell he’s talking about, and if you vote for him, you clearly don’t either. Do better for your country.
Ignorance will be the end of democracy. Education is the answer. Vote blue for democracy and freedom for all.
How long is it gonna be before some states down south ban schooling after the sixth grade.
Anyone who has experience in a successful company understands this topic much more.. Dont spew propaganda dont lead people on unless you have some facts the facts here are corporate tax cuts creates jobs facts
No, just your opinion.
Your opinions aren’t facts.
How is the economy the problem when this one is better than the last 5 president🤔 I am confused
Do you purchase anything?
@@Tom-cz9op I do, and it’s been getting cheaper. Inflation is going down.
@@Wildlifewatcher69 great it went up two dollars and now it’s $.10 cheaper amazing😂🤡
@@Wildlifewatcher69 are you paid to say this or just incredibly stupid?
@@Openyoureyesman220 Yeah that’s called progress. Of course there was widespread inflation after Covid, now it’s going down.
It would not increase debt if they don't spend more money but they can't do that
Where does Trump stand regarding auto industry and EV
His CULT is so pathetic.
And people think this is the candidate of the people. 🤣
The USA is screwed.
Trump the clown show is back 🤡
Takes one to know one
Lmao it’s like a 3 ring circus without a ring leader right now! Who 💩 my pants? wtf
The circus show began again...Check your local ticket for details.😂😂😂😂
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EXAMPLE
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The people argue this environmental issue back and forth. They argue the pros and cons of the issue. This great debate is held at town hall meetings. Strong opinions are on both sides of the matter. One side preaches, "It is for the common good!" The other side rebuttals, "This is control and not freedom, and lost of choice!" Election day occurs. The people go to the ballot box to settle the problem. The majority won by a vote of 51% whereas the minority lost with a vote of 49%. The minority is ignored. The majority celebrates while the minority jeers in disappointment. Since the majority won, the bill goes in effect. As a result of the majority winning, every individual must reduce his household water usage by 25%. For the reason that the majority has mandatory powers in a democracy. Those who wish to go against the collective (whole body politic) will be punished accordingly. The minority has neither voice nor rights to refuse to accept the dictatorial majority. Everything is mandatory in a democracy. This brings dictatorship and lividity to the realm.
Republican Form of Government: An environmental organization proposes a bill for the ballot that every individual should reduce his water household usage by 25%. To assure that this goal is met, the government, or private sector, will monitor every individual's household water consumption rate. If an individual does not meet the goal, his first offense is $500 fine. Second offense is $750 fine and 30 days community service. Third offense is $1,500 fine and 30 days imprisonment. Fourth offense is $1,750 fine and 90 days imprisonment. Fifth offense is a felony (1-year imprisonment) and $2,000 fine.
The people argue this environmental issue back and forth. They argue the pros and cons of the issue. This great debate is held at town hall meetings. Strong opinions are on both sides of the matter. One side preaches, "It is for the common good!" The other side rebuttals, "This is control and not freedom, and lost of choice!" Election day occurs. The people go to the ballot box to settle the problem. The majority won by a vote of 51% whereas the minority lost with a vote of 49%. The minority may have lost, but not all is gone. The majority celebrates while the minority jeers in disappointment. Since the majority won, the bill goes in effect. As a result of the majority winning, it is advisory that every individual reduce his household water usage by 25%. For the reason that the majority has advisory powers in a republic. Bearing in mind that each individual is equally sovereign in a republic, he is free to reject the majority. He may choose to follow the majority and subject himself to the rule, or he may choose not to follow the majority and not subject himself to the rule. The minority has a voice and rights to refuse to accept the majority. Everything is advisory in a republic. This brings liberty and peace to the realm.
COMMENTS
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Lock him up
What he need to doo it's cut taxes on the middle class n rase taxes on the big corporations!! N the rich folks 🎉🎉🎉
Yes. Because Trump wants to stimulate growth and jobs.
Hit up a college level course in economics if you haven't been priced out of education. Or if you don't live in Florida where education is next to illegal.
Trump wants to stimulate money flowing into his and his fat-cat buddies’ pockets.
He wouldn’t piss on you if you were on fire.
There he goes, helping those he cares about the most 😂😂😂😂😂😂😂
Without private sector businesses and corporations…who creates jobs and new technologies? Who creates products and services for the world…which LiFTS everyone’s standard of living? If anyone can create these businesses….why don’t they? Private sector businesses are not the enemy of the people. US businesses are the reason the U.S. has flushing toilets, water on demand, paved roads and bridges… the best infrastructure in the world… 911 and hospitals with doctors and nurses, and very expensive technology that saves lives. Without private sector businesses… people are pooping in ditches that carry water, where people bathe and drink from!
Since 2009 the minimum wage has not increased, while pay for corporate CEOs has increased 60%.
The 1% are screwing us, and you’re trying to help them do it.
If Trump wants to eliminate tip taxes for workers in Las Vegas doesn't he have to eliminate them for all tip receivers in the US.
lower tax rates for corporations and businesses not only stimulate the economy, they also result in more tax revenue being collected. the same thing will happen if you lower tax rates for individuals. if you raise tax rates on businesses and very wealthy individuals, they will move their assets offshore, resulting in fewer american jobs.
That’s a tired argument that’s been proven wrong.
Trump’s corporate tax cut blew up the debt by $8,000,000,000,000.
Trickle Down is bullshit.
Tax cuts means more debt.
Spending means more debt
that's what fake trump is all about. lol
His base are middle income earners at best yet he doesn't care about them at all
When did Trump is going to going to jail have a 34 account status of he's guilty
Lol, it’s like buying votes in exchange for a favor. This is the USA now after Don the Con😂😂😂!!!
Poor people don’t create jobs……rich people do
That’s nonsense.
@@russwhite8872 Really
@@sandydog7449
Yes.
Workers create a company.
Take from the poor and give to the rich
10 percent tax accross the board or I'm moving to Mexico or Argentina
It would promote growth. It would also help workers get jobs that is a fact that these clowns won’t tell you, our economy needs help you all know this we’ve done it Biden’s way and that’s a failure
Inflation is now at a historical average of 3.4%.
Don’t cry!
Only if he gets donations that will make him president.
Trying to make tax cuts and a thriving economy look like a bad thing... 🍿
Trump’s a bad thing.
More tax cuts.!!!?
For any any fascist state to work the authoritarian "leader" must have support of big business. The "leader" then eliminates trade unions and issues government contracts and tax breaks for his supporters. Public ownership is transferred free of charge to the private sector. Social Darwinism replaces the rule of law and the military enforces the interests of big business.
Another the rich get rich while hard working Americans loose homes, are hungry, job losses
When Trump was president, the economy took off like a rocket, as soon as the communists came back into power it came to a screeching halt.
My Daddy always said "With Republicans - the richer get richer & the poor get poor-er". 🤨
Well your daddy was wrong, the US is the richest country in the history of the world and it is getting richer if we can just keep the communists from taking over.
Of course.
Wonderful..... The only way you get me to think thats cool is if it comes witht he caveat that they need to STOP DEI
Again? Hey if you have money trump help u but if you broke good luck
Stop whining, you Americans chose him
Excellent story dudes!!
Que massive inflation, what an absolute child 👶
I'm afraid he will just ⛳ golf
Or you could vote for BK Jr.
JFK Jr.:
“What happens to brain worm poop?”
White House for sale…
Trump gives to the Rich & the homless live on your city streeis. Sad In Australia you are isued a centerlink card ,free medical, dental, hospital care medications cheap and free travel on public transport. On a five month trip around Australia living in our van we saw one person slepping on the footpath in Byron Bay. Never saw anyone sleeping rough in the major cities of Australia.
Australia is a socialist country and has been for a long time.
Democracy here ,no communist leaders in Australia and a our leader gave all age pensioner and disabled a pay rise and im having lasic surgury for 2nd eye in Jan 24 a full knee replacment. 2 weeks in hospital, not a cent for card holders
Whats new my opinion he really doesn't know what the hell he's doing. No vote from I. Rfk Jr.
RFK Jr. :
“Where does brain worm poop go?”
@@russwhite8872 Don't know.
No tax cuts for anyone.
We are approaching $35 trillion debt.
$1 trillion a year to JUST pay the interest, thats 20% of government revenue
Obviously you’re uneducated in economics.
Government finance is not like personal finance AT ALL so you’re WRONG.
1) Government does not pay interest because they have no loans. That immediately shows you whining out of your @$$.
2) Government income is not based on taxes and taxes do not fund the country. GDP does.
3) Our GDP/Debt ratio is extremely healthy.
To show you how ignorant you are most households have 35% of their income in interest between a house and two cars before credit cards are accounted for. If you want a strong country and low inflation whine to America to lower their debit.
You should whine about thing your clueless about.
Sounds like a spending problem
@@eliw6607 Prove spending is a problem instead of unedifying whining. You can’t. Tommie can’t either.
Tommie boi you only whine.
Show your work!
Off the top you’re ignorant AF because America doesn’t pay interest.
You 💩 all over yourself in public
@@JaneJetsin Social Security, Medicare and military spending alone represent 3 trillion dollars in the budget. you are out of your mind.
Trump is doing great harm to the Heroic Ukraine effort to not be swallowed up by Russia. Trump is giving hope to Putin that Trump will stop the US effort to help Ukraine, and prolonging the war. Russia is actually defeated and will have to withdraw from Ukraine, it being just a matter of time.
Russia will withdraw to certain areas and concentrate its forces to try to salvage something of its war effort.
these comments...does anyone here understand economics
i understand when i get screwed