Grover Norquist says Big Beautiful Bill will change the world
For those of you with a 2 at the beginning of your birth year, Grover Norquist is the founder of Americans For Tax Reform, (founded in 1985)
https://www.foxnews.com/opinion/grover-norquist-trumps-big-beautiful-bill-its-permanent-tax-cut-change-world
GROVER NORQUIST: Trump's 'big, beautiful bill' and its permanent tax cut will change the world
The "big, beautiful bill" makes all the temporary parts of the original Trump tax cuts permanent: the doubling of the child tax credit and standard deduction, the lower, across-the-board personal income tax rates for all Americans, and the powerful pro-growth immediate business expensing provisions.
Uh, highly UNEDUCATED boys and girls, that does NOT mean taxes will be getting cut. The Big Beautiful Bill KEEPS TAXES FROM GOING UP (on EVERYBODY.)
Now again -- without the pandemic – White House economist Kevin Hassett found that the permanence of individual and corporate tax reduction will [c=BF0000][b]increase economic growth to the point that revenue will rise $4 trillion over the next decade.
Growth will increase wages and manufacturing jobs. Growth will reduce the size of the deficit and debt as a percentage of our economy. We will move forward away from the debt as we did after World War II when the debt fell from 100% of GDP to 20% of GDP. [/b][/c]
It's about GROWTH. Under Saddam Hussein Obama, there was NO growth. Same thing under Unelected President Autopen.
The economy responded to passage of the 2017 Trump tax cuts with massive new investment in the United States. Before the Trump tax cuts many companies were "inverting." They were bought by foreign companies because the American firms were worth more if owned by Canada or a European company—their tax laws were saner than America’s in the time before Trump.
Trump and the Republican Congress ensured that this legislation will take effect for new investments as early as six months ago on January 19, the day before Trump’s inauguration. No business needs to wait to invest in job-creating, productivity-enhancing plant and equipment that will make employees more productive and therefore more highly compensated.
And yes, the legislation includes President Donald Trump’s promised "No Tax on Tips" and "No tax on overtime pay" and provides tax cuts for seniors on Social Security.
For those of you who are tempted to LIE about this bill, here it is.
https://www.congress.gov/bill/119th-congress/house-bill/1/text
If you are unable to read this bill, ADMIT IT. Admit you are a LIAR who lacks the education to look for the truth.
https://www.foxnews.com/opinion/grover-norquist-trumps-big-beautiful-bill-its-permanent-tax-cut-change-world
GROVER NORQUIST: Trump's 'big, beautiful bill' and its permanent tax cut will change the world
The "big, beautiful bill" makes all the temporary parts of the original Trump tax cuts permanent: the doubling of the child tax credit and standard deduction, the lower, across-the-board personal income tax rates for all Americans, and the powerful pro-growth immediate business expensing provisions.
Uh, highly UNEDUCATED boys and girls, that does NOT mean taxes will be getting cut. The Big Beautiful Bill KEEPS TAXES FROM GOING UP (on EVERYBODY.)
Now again -- without the pandemic – White House economist Kevin Hassett found that the permanence of individual and corporate tax reduction will [c=BF0000][b]increase economic growth to the point that revenue will rise $4 trillion over the next decade.
Growth will increase wages and manufacturing jobs. Growth will reduce the size of the deficit and debt as a percentage of our economy. We will move forward away from the debt as we did after World War II when the debt fell from 100% of GDP to 20% of GDP. [/b][/c]
It's about GROWTH. Under Saddam Hussein Obama, there was NO growth. Same thing under Unelected President Autopen.
The economy responded to passage of the 2017 Trump tax cuts with massive new investment in the United States. Before the Trump tax cuts many companies were "inverting." They were bought by foreign companies because the American firms were worth more if owned by Canada or a European company—their tax laws were saner than America’s in the time before Trump.
Trump and the Republican Congress ensured that this legislation will take effect for new investments as early as six months ago on January 19, the day before Trump’s inauguration. No business needs to wait to invest in job-creating, productivity-enhancing plant and equipment that will make employees more productive and therefore more highly compensated.
And yes, the legislation includes President Donald Trump’s promised "No Tax on Tips" and "No tax on overtime pay" and provides tax cuts for seniors on Social Security.
For those of you who are tempted to LIE about this bill, here it is.
https://www.congress.gov/bill/119th-congress/house-bill/1/text
If you are unable to read this bill, ADMIT IT. Admit you are a LIAR who lacks the education to look for the truth.
