Trump Tax Cuts Already Hurting Economy
Wow, trickle-down economics don't seem to be working. Again. John Iadarola, Brett Erlich, and Brooke Thomas, hosts of The Young Turks, discuss. Tell us what ...
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AS DONALD TRUMP AND THE REPUBLICANS WERE TRYING TO SELL THEIR TAX PLAN LAST YEAR, THE ASSURED US, AS THE GOP ALWAYS DOES WHEN IT COMES FOR TAX CUTS, WHEN THAT TIME COMES, THAT IT WOULD BE A MASSIVE ADRENALINE SHOT TO THE ECONOMY. SO LET'S TAKE A LOOK AT THE EVIDENCE AND SEE IF THEY WERE RIGHT -- WE DO HAVE TO BEAR IN MIND THAT ALL QUARTERS AREN'T EQUAL, AND THE FIRST QUARTER ISN'T NECESSARILY AS PRODUCTIVE AS LATER QUARTERS, THAT IS CERTAINLY TRUE, HOWEVER IF THIS IS THE FIRST QUARTER WHERE WE HAVE THE EFFECTS OF THE TAX CUTS, AND IT'S SUPPOSED TO BE A GIGANTIC SHOT IN THE ARM, AND BY THE WAY TRUMP ARGUED THAT THE TAX CUTS -- HE WAS OFF BY .7% AND TO PUT IT IN PERSPECTIVE IT WAS LOWER BY ABOUT TWO TIMES AS MUCH AS HE SAID IT WOULD GO UP, SO THAT'S A GIGANTIC SWING ...
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AS DONALD TRUMP AND THE REPUBLICANS WERE TRYING TO SELL THEIR TAX PLAN LAST YEAR, THE ASSURED US, AS THE GOP ALWAYS DOES WHEN IT COMES FOR TAX CUTS, WHEN THAT TIME COMES, THAT IT WOULD BE A MASSIVE ADRENALINE SHOT TO THE ECONOMY. SO LET'S TAKE A LOOK AT THE EVIDENCE AND SEE IF THEY WERE RIGHT -- WE DO HAVE TO BEAR IN MIND THAT ALL QUARTERS AREN'T EQUAL, AND THE FIRST QUARTER ISN'T NECESSARILY AS PRODUCTIVE AS LATER QUARTERS, THAT IS CERTAINLY TRUE, HOWEVER IF THIS IS THE FIRST QUARTER WHERE WE HAVE THE EFFECTS OF THE TAX CUTS, AND IT'S SUPPOSED TO BE A GIGANTIC SHOT IN THE ARM, AND BY THE WAY TRUMP ARGUED THAT THE TAX CUTS -- HE WAS OFF BY .7% AND TO PUT IT IN PERSPECTIVE IT WAS LOWER BY ABOUT TWO TIMES AS MUCH AS HE SAID IT WOULD GO UP, SO THAT'S A GIGANTIC SWING ...
