" #TaxCuts for very rich people leads to less revenue then cuts to the public sector. This is presented as being 'inevitable' but it's a choice which leads to a decline in quality & accessibility of public services. Then governments swoop in to offer #privatization as a viable alternative."
Recent searches
Search options
#taxcuts
8 posts8 participants1 post today
"Deregulation of the industries is what allows #OilAndGas companies to do pretty much whatever they want, take the profits & leave a mess behind without any real consequences. Political parties often campaign on #TaxCuts but what they usually mean is tax cuts for very rich people."
$3 billion yanked from #schools to help pay for #Trump’s tax cuts
Rebecca Crosby and Noel Sims
Apr 22, 2025
"The Trump administration’s decision to claw back pandemic relief funds from schools is part of the administration’s attempt to find savings in the federal budget to offset the extension of Trump’s 2017 #TaxCuts, which would 'add an estimated $4.6 trillion to the debt over the next decade...."
Popular Information · $3 billion yanked from schools to help pay for Trump’s tax cuts
"Another
$3B is being ripped away from #schools to pay for more #taxcuts.
We’re just the piggy bank for #billionaires."
-M d'Arrigo
Gone:
for
literacy training, summer programs, update old bldgs, modernize school tech, books, svcs for homeless students, prof dev...
Trump admin’s decision to claw back funds: part of its attempt to find savings in the fed budget to offset the extension of Trump’s 2017 tax cuts -it'd “add ~$4.6T to the debt over the next decade."
#USPol
https://popular.info/p/3-billion-yanked-from-schools-to
Popular Information · $3 billion yanked from schools to help pay for Trump’s tax cuts
The Chris Hedges Report: Economics of a Dying Empire
https://consortiumnews.com/2025/04/19/the-chris-hedges-report-economics-of-a-dying-empire/
Events will become increasingly difficult to predict as late-stage capitalism sees the oligarchy consume even the structures that had supported it. By Chris Hedges ScheerPost This interview is also available on podcast platforms and Rumble. “These are levels of craziness that are part of…
#Politics #AmericanEmpire #Analysis #Economy #NewsAnalysis #Brics #Capitalism #ChrisHedges #ChrisHedgesReport #KarlMarx #LateStageCapitalism #Marxism #Oligarchy #Plutocracy #RichardWolff #Swift #Tariffs #TaxCuts
Consortium News · The Chris Hedges Report: Economics of a Dying EmpireEvents will become increasingly difficult to predict as late-stage capitalism sees the oligarchy consume even the structures that had supported it.
By Chris Hedges
ScheerPost
This interview is also available on podcast platforms and Rumble.
“These are levels of craziness that are part of the
Let's be clear: Poilievre is no fan of Trump's tariffs or plans to annex Canada. But he is a devoted fan of the main Trump agenda — the one highlighted by techbillionairelunatic Elon Musk wielding a chainsaw as he gleefully hacks government programs as part of Trump's quest to deliver more tax cuts and power to the ultrawealthy. #poilievre #trump #conservatives #MapleSyrupMAGA #taxcuts #canada https://www.thestar.com/opinion/star-columnists/poilievre-is-trying-to-do-something-that-goes-against-every-bone-in-his-body-and/article_0cf62c1d-2d0e-4205-b6ff-4469da226277.html
Toronto Star · Linda McQuaig: Poilievre is trying to do something that goes against every bone in his body — and it shows
From I've heard, I don't have an official citation so take it as you will...
The 2017 #trump #TaxCuts only benefitted roughly 100 people & corporations. Just that put a strain on the US.
This latest 2025 tax cut will only help out roughly 600 people & corporations. Everyone else, minus those 600, will bear that cost.
Think you're so rich, that you won't get hurt? You're not 600 most wealthy in the US.
You will have all of the systems you paid into, and that support you, harmed as well.
Continued thread
♬ 
Day 17 cont
“The shadow treasurer, #AngusTaylor, has been questioned on why the opposition leader #PeterDutton, indicated before the election there would be no #TaxCuts before announcing a one-off $1,200 refund for 10 million Australians in the #Coalition’s campaign launch on Sunday.”
A formal policy would have thought through these decisions making reversals less likely. The member for #Hume is the opposition Treasurer.
#AusPol / #LNP / #Liberal / #Finance <https://www.theguardian.com/australia-news/live/2025/apr/15/australia-election-2025-live-anthony-albanese-peter-dutton-coalition-labor-poll-housing-interest-rates-rba-taylor-chalmers-ntwnfb?filterKeyEvents=false&page=with%3Ablock-67fce2438f0825dc3aa15705#block-67fce2438f0825dc3aa15705>
the Guardian · Australia election 2025 live: PM says ‘we do not want Russian influence’ in region amid reports Moscow wants to base aircraft in IndonesiaFollow live
"Republicans have managed to unite two health industry sectors normally at war — insurers and hospitals — by threatening to cut Medicaid.
Lobbyists for both industries, faced with the prospect of losing billions of dollars in fees, are scrambling to convince lawmakers that tens of millions of low-income Americans who rely on the program will suffer."
https://www.politico.com/news/2025/04/10/insurers-providers-medicaid-cuts-00282418
https://www.europesays.com/1986327/ US budget deficit grows to $1.3 trillion, the second highest six-month level on record #BudgetDeficit #business #doge #DonaldTrump #Economy #FederalEmergencyManagementAgency #PresidentJoeBiden #spending #TaxCuts #TreasuryDepartment
Under Trump's Project 2025, not everyone is getting the same haircut.
Continued thread
"But there’s a reason they’re willing to absorb the pain of a few billion in lost market value. It’s not part of some three-dimensional strategy, it’s the only way they can get what they really want: a massive tax cut. Without offsets known as 'pay fors,' the full array of Republican tax proposals could increase deficits by $9.1 trillion over the coming decade, according to the Peter G. Peterson Foundation."
Continued thread
"Mark Zuckerberg, Tim Cook, Jeff Bezos, and Elon Musk lead companies that are part of a group known in financial circles as the 'Magnificent Seven.' On Thursday alone, Cook’s Apple lost $312 billion in market capitalization—comparable to the entire market value of Coca-Cola. Tesla, a company whose stock has already fallen because of general hatred for Elon Musk, lost about 10% of its value last week."
~ Marlon Weems
#Musk #Trump #tariffs #TaxCuts
/6
https://thejourneyman.substack.com/p/of-course-he-did-this-on-purpose
The Journeyman. · Of Course He Did This On Purpose!
Replied in thread
Continued thread
"The bluster around tariffs and revenue does create a good smokescreen to divert attention from the key Republican policy, redistributing wealth from the average citizen to the wealthy.
For all their talk about the revenue that these tariffs are going to bring in, Republicans are once again proposing massive tax cuts for the rich."
~ Matt Bernardini
#Musk #Trump #tariffs #SocialSecurity #DOGE #TaxCuts #billionaires #EconomicElites
/4
https://www.bylinesupplement.com/p/trumps-tariffs-how-to-lose-friends
Byline Supplement · Trump's Tariffs: How to Lose Friends and Impoverish Americans
#BigTech Backed Trump for Acceleration. They Got a Decel President Instead
Good news for #Andreessen (#a16z) and accelerationists is they backed Trump and he won. Andreessen is advising. Venture Capitalist David Sacks is #WhiteHouse #AI and #crypto “czar.” Musk and his posse are doing the slashing and burning themselves. Tegulation on AI and everything else they didn’t like is in process of being removed, administration is working on #taxcuts that will benefit them all.
https://www.404media.co/big-tech-backed-trump-for-acceleration-they-got-a-decel-president-instead/
404 Media · Big Tech Backed Trump for Acceleration. They Got a Decel President InsteadEffective accelerationists didn’t just accidentally shoot themselves in the foot. They methodically blew off each of their toes with a .50 caliber sniper rifle.
Replied in thread
@Pittthewelder as I said, I am not supporting the method of trying to create jobs in the #USA via #tariffs or the fact that it is really designed to bring #taxcuts to the rich. However, trying to create well paid jobs locally is not a bad thing. That said I really hate what he is doing to some very poor countries. They cannot afford to buy US goods, hence the trade gap!
Catherine Rampell:
"The GOP has an Orwellian solution to pay for Trump’s tax cuts
Extending them will cost trillions of dollars? No problem."
Republicans have " devised a cheat. Rather than admitting how much their tax agenda would cost, they are simply asserting that they get their first $4 trillion — free!"
The Washington Post · The GOP has an Orwellian solution to pay for Trump’s tax cuts
Replied in thread
So, rather than face the cost of their tax cuts for the wealthy, Republicans have devised a cheat. They assert they get their first $4 trillion tax cuts — free! And they will abuse parliamentary procedure in the Senate to do it. #trump #taxcuts
Opinion | The GOP proves Orwel...
Bluesky SocialBluesky
"As it stands, the #Republican ploy can end only one of two ways: embarrassing failure or the congressional equivalent of a high-stakes heist, breaking the law to dole out trillions of dollars in #TaxCuts to the #wealthy."
MSNBC https://www.msnbc.com/opinion/msnbc-opinion/gop-budget-trump-tax-cuts-rcna199289
#USPolitics #TrumpRegime
MSNBC · GOP's budget workaround for Trump tax cuts contains a ticking time bomb