Biden made it clear that the intent was to rollback only the vast majority (by the dollar amounts) of the Trump tax cut that affects $400k+ incomes and NOT anyone with incomes under $400k.
Biden is lying through his teeth... Just like he and Obama were when they claimed that the ACA wouldn't lead anyone to lose coverage back in the early 2010s.
As I already posted, analysis and fact checking from multiple credible, bi-partisan, sources, ranging from
Stanford University to the
Tax Foundation, clearly indicates that his plans
will raise taxes.
That makes perfect sense, as he is proposing rolling back tax cuts which, as a matter of objective fact,
did result in a reduction in my personal taxes of several thousand dollars a year.
Which Obama policies specifically affected your industry?
He slashed defense by more than 100 billion dollars between 2011 and 2015. This effectively obliterated private sector defense contracting, my current industry.
He's also promised to cut the legs out from under the energy industry as well. How many well paying jobs stand to be lost there?
I am showing that that the full time employment trend line had no massive dips after ACA.
Again... A post recession upward trend is not difficult to achieve.
If Obamacare is repealed, consumer demand for health care will shrink.
What the article
actually says is that various studies show that between
250,000 and 750,000 full time jobs were lost between 2013 and 2016 due to the ACA, largely in retail and in small business. However, 150,000 nursing jobs were gained in the same period.
Dunno about you... But that still looks like a net loss for the American worker, to the tune of 100k to more than 500k in lost jobs, even if one particular industry did benefit.
"900,000" is only one source's estimate of what would happen if the ACA were repealed entirely. That hasn't happened yet, and likely isn't going to happen.
Your second link does not support what you are saying at all.
I already stated that this particular source was skeptical of the ACA linkage. However, even it is forced to admit that the post ACA job market was weak, part time employment increased, and that expenses for the ACA were bourne primarily by workers, not employers.
Hmm... I did not know you also understand economics better than Goldman Sachs.
Evidently, I do... Tax and regulation increases simply
do not result in increased economic growth or investment. Again, the Tax Foundation and other sources have already estimated that Biden's policies would likely result in GDP reductions, rather than growth.
Perhaps Goldsachs is simply hoping for some post-election kickbacks.
Are you one of those people who does not understand that Trump's failure on COVID... ruined the economy
Do you believe that there was ever a realistic possibility of US avoiding COVID-19? Nonsense.
Trump's COVID performance is no worse than that of the rest of the Industrialized World. You can't blame Trump for a Chinese plague, which has caused a global economic downturn.
Frankly, even so, Trump's more moderate approach to lockdowns has actually avoided the kind of economic damage that has been experienced throughout most of the EU.
You are celebrating going into debt for 4 years by the self-declared king-of-debt
Tax cuts had no impact on the National Debt. In fact, the Fed experienced record tax revenues every year since the cuts were enacted.
Go Figure: Federal Revenues Hit All-Time Highs Under Trump Tax Cuts
The US has a spending problem, not a tax problem. Frankly, the Dems only plan to make that exponentially worse.
The other part of economy doing better relates to deregulations that we will be paying for in more health problems from environmental consequences.
Trump's de-regulations mostly related to finance.
www.huffpost.com
www.cnn.com
www.healthcare.gov
www.scmp.com
