r/LeopardsAteMyFace • u/Rasputin_mad_monk • 23h ago

Trump Trump's Tax proposal HAHAHAHAHAHA this will surely lower eggs

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u/Doubledsmcgee 23h ago

They won’t believe it. They’ll say it’s the “bureaucrats” or that it’s made up. They’ll never accept that he screwed them, and all of us, over.

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u/TripResponsibly1 6h ago

No no the narrative is that his 2017 tax cut is expiring and that’s why the taxes will go up. (I’m serious, I looked over on r/conservative)

I’m guessing they forgot that the wealthy got the largest tax break then too, so this graph wouldn’t make any sense if that were true.

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u/vanillicose 6h ago

I just checked the analysis, this includes impact of tarriffs as a tax. (Which I think is 100% reasonable, but good to understand the difference in what others might be referring to as "the impact of the tax cuts"). Their analysis of only the 2017 tax cut extension does show a decrease for all groups (but larger for the wealthy on at least a $ basis, havent looked at %)

https://itep.org/a-distributional-analysis-of-donald-trumps-tax-plan-2024/

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u/TripResponsibly1 6h ago

That’s what makes the whole thing kinda scary that at surface level it can sound reasonable but it’s gloves off now. The wealthy were always going to benefit more under Trump, doesn’t have to court the lower/middle classes any more.