In Case You Missed It
Posted: Sun Dec 30, 2018 4:04 pm. It was scheduled to go up by a modest 2.1%. Inflation in 2018 is expected to be .
This follows a $1.5 Trillion (over 10 years) Tax Cut mostly for corporations and the top 2% income earners (those making over ).
All non-Senior Executive Service (SES) government workers, make less than . The SES upper limit is . 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: .
So much for Trump's central campaign claim of being for the middle class is manifestly wrong.
This follows a $1.5 Trillion (over 10 years) Tax Cut mostly for corporations and the top 2% income earners (those making over ).
All non-Senior Executive Service (SES) government workers, make less than . The SES upper limit is . 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: .
So much for Trump's central campaign claim of being for the middle class is manifestly wrong.