Harris vs Trump on Tax Policies

[We Never Know]

Your bashing seems more focused on Democrats and their policies, but that's just how I interpret your posts. I don't see you as a MAGA supporter. I don't try to hide my preferences.



Not always. I've done my share of bashing Democrats, just as you've done yours of bashing Republicans. But I openly admit my preference for the Democratic Party. We have a two-party system, and there are stark differences between the parties. More than a century ago, I would likely have been a Republican, because they tended to be more progressive and forward-thinking than Democrats back then.



I'm anything but party-blind. Usually, the Republicans are on the wrong side of the issues, in terms of my values. My childhood was in the 1950s. I'm not going back there, but that seems to be the direction that most of the Republican Party is now headed. That doesn't mean that I disagree with everything they say or that I've never voted for a Republican in local elections.

One thing I see is do Americans want Trump back because many were better off under Trump
Or do they weather out the storm longer and keep his crazy antics out.

-The economy was better under Trump.
-Lower prices on cars, houses, rent, groceries were under Trump.
-Wages stayed above inflation under Trump.
-That flipped in 2021. Inflation out paced wages and stayed that way until 2023. It has flipped again but just recently.
-Under Trump the stock market did great with the exception of covid taking it down to around 19,000 in March of 2020 but it was back up to over 30,000 by December 2020(9 months later).
-GDP growth was better under Trump with the exception it greatly fell out in 2020 with covid which in turn came back greatly boosted in 2021 for Biden.


"A recent CBS News poll found that 65% of Americans remember the economy under former President Donald Trump as being good, compared with 38% giving the current economy under President Joe Biden the same positive assessment"

Voters remember Trump's economy as being better than Biden's. Here's what the data shows.

Americans are sour on the post-pandemic economy, even as experts give it good ratings. Here's how the economy under the two presidents compare.

www-cbsnews-com.cdn.ampproject.org

 

[Kathryn]

One thing I see is do Americans want Trump back because many were better off under Trump
Or do they whether out the storm longer and keep his crazy antics out.

-The economy was better under Trump.
-Lower prices on cars, houses, rent, groceries were under Trump.
-Wages stayed above inflation under Trump.
-That flipped in 2021. Inflation out paced wages and stayed that way until 2023. It has flipped again but just recently.
-Under Trump the stock market did great with the exception of covid taking it down to around 19,000 in March of 2020 but it was back up to over 30,000 by December(9 months later).
-GDP growth was better under Trump with the exception it greatly fell out in 2020 with covid which in turn came back greatly boosted in 2021 for Biden.


"A recent CBS News poll found that 65% of Americans remember the economy under former President Donald Trump as being good, compared with 38% giving the current economy under President Joe Biden the same positive assessment"

Voters remember Trump's economy as being better than Biden's. Here's what the data shows.

Americans are sour on the post-pandemic economy, even as experts give it good ratings. Here's how the economy under the two presidents compare.

www-cbsnews-com.cdn.ampproject.org

You know what, personally I was better off, but there WAS a world wide pandemic that shut down basically everything.

 

[We Never Know]

You know what, personally I was better off, but there WAS a world wide pandemic that shut down basically everything.

Yep. Many where better off until the pandemic hit.

 

[Kathryn]

Yep. Many where better off until the pandemic hit.

I did get a huge tax return though.

 

[We Never Know]

And speaking of yada yada...those first 2 years were in the thick of a pandemic and trying mightily to save the U.S. economy from that crisis. I'm sure you couldn't have done it with one hand tied behind your back, but...

Funny you don't ever say the pandemic is what crushed Trump.
IMO without the pandemic Biden wouldn't have won.

 

[Pogo]

Yep. Many where better off until the pandemic hit.

And Trump inherited a very well running economy that he promised to improve but did nothing but raise the deficit to the advantage of his rich benefactors. Well he did botch the leadership part of handling the nationwide pandemic by leaving it up to 50 individual entities to sort out their needs and approaches, I guess that counts for something. Oh, he did **** off most of our allies such that we became a laughing stock amongst them though he did develop personal friendships with dictators so that they could be confident he would leave them to themselves whatever they wanted to do.

 

[Pogo]

I did get a huge tax return though.

Maybe large by your standards, but if $732 a month is significant and memorable, you were not one of the real beneficiaries of his tax largesse more like a one time change.

 

[Pogo]

Funny you don't ever say the pandemic is what crushed Trump.
IMO without the pandemic Biden wouldn't have won.

Which only goes to show how bad trump was, it is very rare to change presidents in mid stream when their is a national crisis as generally there is a rally round the flag effect.

 

[We Never Know]

Which only goes to show how bad trump was, it is very rare to change presidents in mid stream when their is a national crisis as generally there is a rally round the flag effect.

It goes to show how Trump handled the pandemic very poorly.
His first time being an politician and he had no clue how to handle the pandemic.
You dems should feel lucky it happened(minus the deaths and etc) because without it Trump would still be there.

 

[Copernicus]

One thing I see is do Americans want Trump back because many were better off under Trump
Or do they weather out the storm longer and keep his crazy antics out.

-The economy was better under Trump.
-Lower prices on cars, houses, rent, groceries were under Trump.
-Wages stayed above inflation under Trump.
-That flipped in 2021. Inflation out paced wages and stayed that way until 2023. It has flipped again but just recently.
-Under Trump the stock market did great with the exception of covid taking it down to around 19,000 in March of 2020 but it was back up to over 30,000 by December 2020(9 months later).
-GDP growth was better under Trump with the exception it greatly fell out in 2020 with covid which in turn came back greatly boosted in 2021 for Biden.


"A recent CBS News poll found that 65% of Americans remember the economy under former President Donald Trump as being good, compared with 38% giving the current economy under President Joe Biden the same positive assessment"

Voters remember Trump's economy as being better than Biden's. Here's what the data shows.

Americans are sour on the post-pandemic economy, even as experts give it good ratings. Here's how the economy under the two presidents compare.

www-cbsnews-com.cdn.ampproject.org

I think that there is a huge discrepancy between what most Americans remember of the Trump years and the reality of what actually happened. The first year of any presidency inherits the economy and policies of the previous administration, and that was certainly true of Trump's new administration in 2017. Obama left him with a strong, growing economy. However, Trump's tax cuts for individuals and corporations tanked government revenues, sending the national debt up, since government spending continued at a high rate. Deficit spending worsened by roughly $780 billion in 2018, significantly higher than what had been projected before tax cuts. In 2019, it ballooned up to $984 billion, $300 billion more than had been projected.

Source:

Many remember solid economy under Trump, but his record also full of tax cut hype, debt and disease​

Then COVID hit, forcing the deficit to shoot up to $3.1 trillion in 2020. Do you remember that? This is what Joe Biden inherited when he stepped into office in 2021. An impending economic meltdown with record unemployment. Inflation had remained low, but Biden was tasked with steering the economy out of the COVID recession and working down the deficit and debt. Job growth was phenomenal in his administration, and the economy took off. Demand surged--not just in the US, but all over the world. Result: lots of new money chasing after limited supplies of goods and services. That led to record inflation, which, naturally, Americans blamed squarely on Biden, who just happened to be sitting in the Oval Office during that inflation spike.

Nevertheless, inflation in the US was less than in most other countries. We weathered the recovery much better and had a relatively soft landing. Inflation has come back down to nearly the level that it was before COVID, but, of course, prices have not come down as rapidly. In many cases, they haven't come down at all. So Americans do tend to blame Biden for not bringing prices down, even though inflation has largely abated. If Trump wins this election, he will benefit once again from the strong economy left by a Democratic president--for the first year. Until his policies, or lack thereof, begin to affect the economy.

 

[Copernicus]

It goes to show how Trump handled the pandemic very poorly.
His first time being an politician and he had no clue how to handle the pandemic.
You dems should feel lucky it happened(minus the deaths and etc) because without it Trump would still be there.

Trump had grown up with politics and had long wanted to run for the presidency. 2016 wasn't his first attempt to run for that office, but he had always been treated as something of a joke before. He just wasn't that interested in doing the job once he got into office. The problem is that he never was anything but a politician.

Trump wasn't a good president, because he always left the details up to others, even when it wasn't clear to them what he wanted. So he used the Captain Picard approach: "Make it so." "Someone oughta look into that" is still one of his favorite expressions. When in office, he kept firing people for screwing up, because the buck always stopped somewhere else. While in office, all he could really think about was winning the next election. So digging up dirt on Joe Biden became a government priority for him, leading to one of his impeachment trials that Republicans had to block.

During the COVID crisis, he became upset when medical professionals like Dr. Fauci were getting all the attention, so he shoved Fauci in the background and gave cringe-worthy briefings to the public himself. One of those was when he made his famous speculation that you could inject a disinfectant into the body to cure COVID, acting as if he could see a solution that medical professionals could not. He didn't know the difference between bacteria and viruses, and he did not understand how vaccines worked. Trump did not really handle the COVID crisis so much as be in office when others handled it without his direction or understanding. Mike Pence was the one who really did a lot to eliminate Trump's chaotic response to COVID, because Pence actually had skills in governing that Trump lacked. Pence led the Coronavirus Task Force. In Trump's next administration, that kind of role would be left up to JD Vance.

 

[Twilight Hue]

I have no problem with Harris raising it back up.
One question though, why hasn't she and Joe already done it?

Don't confuse the left wing with something called logic.

Truly it's just a bunch of empty promises and clearly hot air blowing from the woman.

 

[Kathryn]

Maybe large by your standards, but if $732 a month is significant and memorable, you were not one of the real beneficiaries of his tax largesse more like a one time change.

I got a lot more than $732 a month. LOTS more. And by the way, $732 a month for health insurance is a pretty large amount since I am retired.

 

[metis]

Don't confuse the left wing with something called logic.

And don't confuse the right wing with something called morals.