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Drudge Retort: The Other Side of the News
Saturday, October 31, 2020

Joseph E. Stiglitz: The Trump administration has a dirty little secret: It's not just planning to increase taxes on most Americans. The increase has already been signed, sealed and delivered, buried in the pages of the [Republican] 2017 Tax Cuts and Jobs Act. People with incomes between $10,000 and $30,000 - nearly one-quarter of Americans - are among those scheduled to pay a higher average tax rate in 2021 than in years before the tax "cut" was passed.

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President Trump and his congressional allies hoodwinked us. The law they passed initially lowered taxes for most Americans, but it built in automatic, stepped tax increases every two years that begin in 2021 and that by 2027 would affect nearly everyone but people at the top of the economic hierarchy. All taxpayer income groups with incomes of $75,000 and under " that's about 65 percent of taxpayers " will face a higher tax rate in 2027 than in 2019.

For most, in fact, it's a delayed tax increase dressed up as a tax cut. How many times have you heard Trump and his allies mention that? They surmised " correctly, so far " that if they waited to add the tax increases until after the 2020 election, few of the people most affected were likely to remember who was responsible.

Just another reason why voting by Tuesday is so vitally important. The people perpetrating this fraud upon the lowest-incomed Americans certainly don't expect you to. As a matter of fact, they banked on it when they passed another abomination codifying and continuing the further upward distribution of wealth.

#1 | Posted by tonyroma at 2020-10-31 03:34 PM | Reply | Newsworthy 5

The NY Slime? Might as well be in the Enquirer or Onion. The Times has no credibility. Sure is nothing to see here.

#2 | Posted by gtjr at 2020-10-31 09:54 PM | Reply | Funny: 1

The Times has no credibility.

They have a hell of a lot more credibility than you!

#3 | Posted by WhoDaMan at 2020-10-31 10:37 PM | Reply | Newsworthy 1

"The Times has no credibility. "

The tax law, as written, does exactly what The Times is reporting. What don't you understand?

#4 | Posted by Danforth at 2020-10-31 11:29 PM | Reply | Newsworthy 2

"Sure is nothing to see here."

Get your head out of Trump's backside, and maybe your sight will return.

#5 | Posted by Danforth at 2020-10-31 11:30 PM | Reply

Of course they are increasing working class taxes. The GOP doesn't care about anyone who actually works for their money.

#6 | Posted by johnny_hotsauce at 2020-11-01 08:59 AM | Reply

The NY Slime? Might as well be in the Enquirer or Onion. The Times has no credibility. Sure is nothing to see here.

#2 | POSTED BY GTJR

Yeah. Trumpy would never lie to us. No way!!

What about the New York post? Credible?

The New York Times has more credibility than you or creepy Trumpy.

Obviously.

25,000 lies and 225,000 American deaths.

How's your 401k today?

You must be one Proud Boy.

#7 | Posted by donnerboy at 2020-11-01 11:29 AM | Reply

What don't you understand?

#4 | POSTED BY DANFORTH

With a statement like "nothing to see here" I am going with everything.

#8 | Posted by donnerboy at 2020-11-01 11:31 AM | Reply | Funny: 2

The NY Slime? Might as well be in the Enquirer or Onion. The Times has no credibility. Sure is nothing to see here.
#2 | POSTED BY GTJR AT 2020-10-31 09:54 PM | FLAG: (CHOOSE) | FUNNY: 1

"..65 percent of taxpayers " will face a higher tax rate in 2027 than in 2019.

Is that incorrect?

#9 | Posted by redlightrobot at 2020-11-01 12:27 PM | Reply

The NY Slime? Might as well be in the Enquirer or Onion. The Times has no credibility. Sure is nothing to see here.

Just another drive-by fruiting highlighted by sour grapes. More garbage for the disposal, pay it no mind.

#10 | Posted by tonyroma at 2020-11-01 06:02 PM | Reply

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