#taxcuts — Public Fediverse posts

#US #Debt Hits $40 Trillion as #Trump’s Borrowing Binge Continues

Trump’s promises to restore fiscal order & reduce the amount of #US debt burden have been hampered by his spending on his #IranWar, #TaxCuts for #corporations & the #wealthy & #tariffs.

#economy #GlobalStanding #NewWorldOrder

#GiftArticle
https://www.nytimes.com/2026/08/19/business/economy/us-debt-40-trillion.html?unlocked_article_code=1.6lA.0d49.AhbsQu4DnwPe&smid=nytcore-ios-share

From 2024: #Louisiana lawmakers pass income and #corporate #TaxCuts, raising statewide #SalesTax to pay for it

By JACK BROOK
Updated 8:55 PM EST, November 22, 2024

BATON ROUGE, La. (AP) — "Louisiana’s #GOP-dominated legislature passed tax cuts on personal and corporate income on Friday in exchange for a statewide sales tax increase, giving Gov. Jeff Landry much of what he wanted after his original tax reform package faced mounting resistance from lawmakers and lobbyists.

"The final passage of the tax measures wrapped up a special legislative session launched Nov. 6 by the governor and his allies. They said their purpose was to make the state’s tax code more business friendly, create jobs and reverse trends of outward migration from the state. It was the third special legislative session called by Landry, a Republican, since he assumed office in January.

"Critics warned the tax reforms would primarily benefit corporate #shareholders and #wealthy taxpayers while the sales tax increase would exacerbate Louisiana’s regressive tax system where #poorer households pay a higher percentage of their income on taxes."

Read more:
https://apnews.com/article/louisiana-tax-reform-special-session-landry-95db6e608809dcdcfae5f5de8b0355d4

#KillThePoor #TaxBreaksForTheRich
#TaxTheRich #PayYourFairShare #LouisianaPol #USPol #CEOs #Corporations #Millionaires #Billionaires

Source: "The High Moral Stake: Our Budget, Our Future," a report by Repairers of the Breach, the Institute for Policy Studies & the Economic Policy Institute. More at breachrepairers.org

#TaxCuts #TaxFairness #MDPPC #PoorPeoplesCampaign #RepairersOfTheBreach #MoralMovement

'#Budget plans risk ‘second lost decade’ of #LivingStandards, #JeremyHunt told

Exclusive: #JosephRowntreeFoundation finds widening gulf between demand for #TaxCuts and reality for millions struggling'

'...the budget risked keeping the #UK #economy locked on track to leave working families £1,900 a year worse off in 2029 than they were in 2021.
https://www.theguardian.com/uk-news/2024/mar/04/budget-plans-risk-second-lost-decade-of-living-standards-jeremy-hunt-told
#ToryPoliciesInAction #Austerity #IdeologyBeforePeople