In Case You Missed It

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In Case You Missed It

Postby KeithE » Sun Dec 30, 2018 4:04 pm

Trump issues executive order freezing federal workers' pay in 2019. It was scheduled to go up by a modest 2.1%. Inflation in 2018 is expected to be 2.44%..

This follows a $1.5 Trillion (over 10 years) Tax Cut mostly for corporations and the top 2% income earners (those making over $206K/year).


All non-Senior Executive Service (SES) government workers, make less than $164,200. The SES upper limit is $210,700/year. And that much only in the top localities.

The only winners in overall Trump tax cut/raise cuts are the corporations and those making over $200K/year. Inflation hurts everyone’s buying power.

As for the corporations - few are raising wages, most are just doing stock buybacks, and business investment has dropped to almost nothing (they are waiting until the demand increases -which will not happen until most of America is able to buy more).
Read and look at first plot: Trump’s Tax Cut Was Supposed to Change Corporate Behavior. Here’s What Happened.

So much for Trump's central campaign claim of being for the middle class is manifestly wrong.
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