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Taxes make up probably 70% of government income. Problem: Government is administered primarily by the wealthy, none of whom relishes parting with any of their hard earned millions and billions. "I earned it. It's mine. I'm not giving it away. And that's that!!"
The federal government could soon pay more in interest on its debt than it spends on the military, Medicaid or children’s programs.
The run-up in borrowing costs is a one-two punch brought on by the need to finance a fast-growing budget deficit, worsened by tax cuts and steadily rising interest rates that will make the debt more expensive.
[MN note: Friends, despite Trump's grandstanding and bluster, China economics is the least of America's financial worries. There are nearly 200 countries in the UN, and America does business with most of them at some level. America's beef with China is that China is doing too well for Washington's comfort. China's workers and China's government are united in China's growth and development, while America is a house divided, thanks largely to Trump's mismanagement of America, Inc.]
I am a Republican voter. I just did our taxes.
The @GOP tax bill cost my family THOUSANDS of dollars this year on our return due to changes, thereby hitting us with the LARGEST tax increase of our lives.
We are middle-class homeowners, and you raised our taxes.
— Dennis Jordan (@DennisMJordan) February 5, 2019
I have to pay $2000 MORE in taxes this year! What happened?? I voted for you and thought you were fixing this, not making it worse!? I thought I would get money back this year!?
— Iamnewatthis (@sandynewtothis) February 1, 2019
Voted for you . Family of
2 hard working N.Y. cops. Did taxes for years we would pay more and get a refund at the end of the year to help pay debt . First time in 30 years We had to pay more in Federal
Taxes. I’m disgusted
— Nycgirl (@nlnp99) February 5, 2019
@POTUS thank you for screwing the middle class with your tax reform. I have never in my life, I’m 49 years old, had to pay into the IRS until this year. We have a combined income of 150,000. The middle class voted for you. I will not make the same mistake twice.
— Joel Serbin (@JoelSerbin) February 4, 2019
@RepDonBacon I just finished my taxes and we’re paying an extra 4k this year since exemptions are gone. With a High D HC plan, this has not been a good year. I voted for you twice now. What’s the plan?
— Jay Wright (@nochcknstrps12r) February 3, 2019
@realDonaldTrump I voted for you, and believe in the things you are doing, but you screwed us middle class with taxes. I can’t itemize or anything. How about a flat tax and get rid of earned income credit. Some don’t earn income but get more back in taxes for having baby’s.
— Thomas DeLucca (@TDeLucca7728) February 3, 2019
I voted for you the first time but after you screwed me on my get tax break I won’t vote for you again especially after I started on my 2018 return it’s a joke the taxes you are keeping from a working person good luck in 2020
— Shelby Kuh (@ShelbyKuh) February 2, 2019
I voted for @realdonaldtrump, but that unfortunately that means I have to pay higher taxes.
— Joshua Curtis (@dcjchris) January 26, 2019
Worse tax return I had in a decade! I admit I voted for @realDonaldTrump but he has officially lost my vote for 2020.
— A9N7G3 (@973angie) January 23, 2019
Wait til you file your taxes. Middle class just lost half their return. Lowest refund I have ever had and I am 50yrs old. No wall and now this tax reform sucks too!! Starting to doubt Trump. I voted for him and trusted him too.
— Speziale-Matheny (@Speciale3886) January 27, 2019