'BIG TAX CUT': Forbes chairman says tax cuts will 'boost' economy

Welcome to Russia, America. In the near future you will see how it is to live under a dictator. Good luck without work and without the right for free speech. It was your decision MAGA.

Who is the clueless woman whit the glasses on Fox? Tax cuts only mean that the rich get richer.

hahahahahahahahahahahaha.....keep spitting those lies!! Nothing to worry about for all million and billionaires involved in deception.

Billionaires or big tech should not be paying taxes. If they would pay taxes that means they have to lay off workers. Middle class and poor people should pay more taxes and top 1% should not pay taxes. That is just common sense

Boost economy for billionaires. The said the trickle down effect in 2016 and it did not happen.

The U.S.A has no more allies, every country is getting away from the U.S.A. The U.S.A will return to a era of kings, and slaves.

He cannot be trust

Well now if it doesnt we will know who lied and deserve the title of traitor to america ceo,s or rich few who are claiming this big tax cut will make them spend more money 💰 i think 🤔 there lieing and full of 💩 but i will keep my eyes open and pay attention

No taxes period

Its the Propaganda channel

The wrong people get tax cuts.

I don't know why people are turning around and condemning Trump for tax cuts illegal immigrants in Mexicans got cut every time they came into the country I don't know for how long they don't pay taxes they get loans for business with no collateral they don't pay taxes on their business so we should deserve the same thing

The market is America the economy is chaos

Prices need to go down rather than just raise wages. Focus on the price vs the value. Everything is in abundance so prices need to go down. Big retailers and investment managers can live on less.

Tax cuts will boost the pocketbooks for the wealthy. The poor people will get a few crumbs that fall off the table. 🤔

Tax cuts will only benefit the rich.

I’m willing to accept whatever Trump suggests after the evil nightmare of Biden

NO IT WON'T IT WILL RAISE THE DEBT. 100% OF THE DEMOCRATS AND 1 REPUBLICAN VOTED AGAINST THE CORPORATE TAX CUTS IN THE SENATE IN 2017. TRUMP ADDED TO THE DEBT 36.2 TRILLION DOLLARS IN DEBT ADD 4.5 TRILLION DOLLARS MORE IS 40.7 TRILLION DOLLARS IN DEBT. THAT EXISTING DEBT WAS BASED ON 35% NOT 21% . REPUBLICANS ARE RESPONSIBLE FOR THE DEBT. DEFAULT COMING. CHINA AND JAPAN AS WELL AS OTHER COUNTRIES SELLING THE DEBT BACK TO TRUMP. US TREASURIES ARE BEING SOLD BACK TO TRUMP AND TRUMP SUPPORTERS.

“Transition” they are playing with people’s money,Trump is no different than the previous 10 administrations. We thought things would be great but, they are worst now!

More tax cuts for billionaires will boost more wealth into the stratosphere of our economy.

It's a common argument, and tax cuts certainly can stimulate economic activity. But it's also a complex issue with potential trade-offs

Hey Trump cattle , you are so cowardly that your smell is coming here! Leave the world alone. Stop attacking poor people and children.

Why do people who make millions more than I pay less in taxes?!

When?

Trump is God.......the economy is going to be AMAZING going forward!!!!

In DT 1.0, 4T in corp handouts financed 1T in SBB for the C-suite to exercise their stock options into. The unemployment rate didn't change.

Tax cuts often disproportionately benefit wealthier individuals and corporations. This can widen the gap between the rich and the poor, leading to increased income inequality.

Big tax card coming in the form of lower incomes, lower wages, a crashed economy, and nobody have any money to pay taxes. Except the rich but now it’s not gonna happen they won’t get taxed guarantee you that

?? So the tax cut that will save the richest 5% of Americans $4.5 TRILLION over the next ten years will boast the economy after Trump himself tanked it??
AND Trump is begging us to buy Teslas so we can give our money to the WORLD'S RICHEST MAN? ....... Why?

What about the credit cards interest rate cut
I mean their charging outraged amount of money.

Lets get rid of tolls fees , it is an assault to our pockets to commute to work on the daily basics !!!

Tax laws can be so complex, and it’s super helpful to break them down like this. Understanding how different policies can impact our finances is crucial for making informed decisions.

Why not pay down the debt which is what you guys always claimed was so bad ,instead of giving tax cuts to the wealthy. Which will increase the debt.

I'm sure the ultra-wealthy will trickle them big boys down.

If other countries wont become reciprocal trade partners than we find a new country with the supply and best case scenario manufacturers will pop up to make it domestically. Trump should not have gone after our allies in such a way he can still retain transparency whike making the deals work. I think Trump wants to be known as a tough guy but I dont think he understands that the entire world already knows he is a tough guy, so using rehearsed body language while still getting to the core of the problem should be as simple as saying I am not going to back down on my trade policies.

And those tax cuts for the rich will trickle down and make everyone rich ..

This will be a difficult couple of years but I’m feeling optimistic about the future.

He did this before. All it did was increase the debt. It's the old "trickle down" crap repackaged.

Hasn't anyone heard the phrase "The More you make, The more they take"? Of course there are IRS offsets and loop holes things you can right off to lower your taxes but that statement still holds true..

Oh YAY!!!! The rich are getting tax breaks again... Perhaps we will enjoy a trickle of money one day !!! Just a trickle 🥺 please sir 🙏

We don't know this.
Just because tax cuts have always every time without fail boosted the economy in the past, that doesn't mean it will this time.
That's just math.

You will never see tax cuts!

We can support ourselves. As the heat intensifies the others will cave. Especially if we get spending under control.

Kiss tourism goodbye in the US.

Tax cuts never boost the economy. It only gives the rich more money. Period. End of story.

No, literally not a chance. Trumps has already destroyed the great economy Biden handed him.

We would have been better off if doofy had done nothing.

He doesn't understand how anything works, much less something as complicated as a nations economy!

😂❤

As a trained economist* I can only laugh – yes, an absolute GDP boost might occur, but economic activity and investment** will hardly increase, given the uncertainty, trade wars, and supply chain problems.

Large companies will be able to accumulate extra capital – and I fear that’s all that will happen.

High corporate taxes are a problem when they are high and hinder investments, innovations, and generally demotivate the private sector. In the USA, I see none of that. Instead, I see enormous income inequality that undermines cohesion and destabilizes the USA as a whole.

I have nothing against wealth – I don’t see profit as a vulgar word. I also don’t mind inequality in society – work, risk, and innovation all deserve to be rewarded with wealth. However, it is about restoring balance – if we are addressing a disappearing middle class, declining incomes among the lower classes, and the growing wealth of a limited group, then we cannot be blinded by ideology. In such a situation, supporting redistribution through taxes is not communism; it is a rational consideration aimed at increasing the stability of society and its long-term prospects for prosperity. On the contrary, what Trump is doing might have only a limited effect on GDP, not as high as he believes, because the economy will have to cope with reduced government investment and layoffs. The long-term effect, however, will be painful and potentially destabilizing.

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Regarding the opening monologue – he promised change but said that it would be difficult, just like ending the war, downsizing the administration, etc.

... therefore, these changes need to be implemented with caution. You can easily cut costs in areas where it is inappropriate. For example, you might fire missile defense experts because Musk orders it.

As for ending wars – I hope he is not referring to Ukraine here. Over there, he is not ending the war; he is working towards Ukraine’s capitulation and Russia’s victory. And he is working relentlessly – now he has managed to negotiate, after winter, that Russia will not attack the electric infrastructure (which it has no reason to do in the spring). In return, Ukraine will not stop its campaign against Russian oil producers – through whom it finances the war, and whose declining production is causing him serious problems. But Trump has Russia’s back. Surely he will then award him the Red Star for that.


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*Master’s degree, although in reality I currently work in marketing, so you may deduct a few points from my authority on the subject. After all, not every economist can run a central bank; someone has to... set banners and manage SEO in headlines (yes, my job does not have much value for society, I won’t pretend otherwise).

For completeness, I add that I am from Europe, which makes me not only professionally unqualified but also biased. However, I am not a 'left-wing European believing in the rule that everything should be free' – in reality, I am center-right, so I generally lean more towards conservatives; yet Trump is so far from the center that Biden appears to me as a brilliant expert (at least he did not tend to spout nonsense 50 times a day – although that was because he could hardly speak anymore, but history will not ask about that).

** Investments in production capital. But... of cource... speculation on the financial market might get a boost – I guess that people will mainly be buying gold.

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Perhaps I am mistaken – I’m not infallible. In fact, I’m wrong quite often – one of my most embarrassing mistakes was being certain that Bitcoin wasn’t viable. Ten years later, a significant portion of my savings is in BTC, and if I had invested earlier, I’d be a millionaire today; I’ve achieved a return of 'only' in the order of a few hundred percent. I would love to be wrong – everything I know about economics tells me that Trump is careening in a bus full of people towards a cliff, and instead of slowing down, he started taking the bus apart – first, he got rid of the brakes. Now he continues by throwing off seatbelts and airbags. When passengers express their doubts, he replies that one must expect that for things to improve, it has to hurt.

Biljonairs getting more money without producing anything won't create anything but still more inequality and divergence..

Trickle down economics doesn't work for jack shiitake.

Anyone remember trickle down economics from the 1980s? Yeah, that worked out well...for China