Trump is slamming Amazon for not paying enough in state and local taxes, which I assume refers to sales taxes. Of course, Amazon actually collects sales tax for products they sell though their site, although not for most third party retailers using their marketplace. Furthermore, Trump's tax plan slashed federal corporate tax rates and made those permanent, unlike the tax cuts for middle class Americans that expire. That's rich for Trump to be slamming Amazon. I also suspect there's probably an ulterior
You are right. After the tax bill passed, Bernie Sanders appeared on CNN and when the interviewer said the tax bill looked like a good thing, his response was: That's why the cuts should be permanent.
The reason they weren't permanent is because Senate rules require more votes to pass permanent cuts and since no Democrats voted for it, they didn't reach that threshold.
The tax brackets are adjusted under Chained CPI in the TCJA, which means they get lower in comparison with inflation. You stay middle-class but we slowly start to tax you like you're rich.
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That's rich (Score:0)
Trump is slamming Amazon for not paying enough in state and local taxes, which I assume refers to sales taxes. Of course, Amazon actually collects sales tax for products they sell though their site, although not for most third party retailers using their marketplace. Furthermore, Trump's tax plan slashed federal corporate tax rates and made those permanent, unlike the tax cuts for middle class Americans that expire. That's rich for Trump to be slamming Amazon. I also suspect there's probably an ulterior
Re:That's rich (Score:0)
The Senate needs 9 more votes to make the income tax cuts permanent. So that's not Trump's fault, it's the Democrats fault.
(Mod this troll if you want, but it's true.)
Re: (Score:2)
You are right. After the tax bill passed, Bernie Sanders appeared on CNN and when the interviewer said the tax bill looked like a good thing, his response was: That's why the cuts should be permanent.
The reason they weren't permanent is because Senate rules require more votes to pass permanent cuts and since no Democrats voted for it, they didn't reach that threshold.
Re: (Score:2)