Jeb Bush and Bush Tax Cuts 2.0

If Jeb Bush wants to separate himself from his younger brother, former President George W Bush, then he’s doing a piss poor job.

Jeb Bush announced his tax cut plan to grow the economy close to a 4% clip

  • Cut the top individual tax rate from 39.6 to 28 percent
  • Cut the corporate tax rate from 35 to 20 percent
  • Cut the capital gains tax rate from 23.8 to 20 percent
  • Get rid of the estate and alternative minimum taxes
  • Strictly limit deductions other than for charitable giving
  • Allow businesses to immediately expense their capital investments,
  • Double the standard deduction and expand the Earned Income Tax Credit

So here we go again, Jeb wants to cut taxes for the top 1% and extend the Earned Income Tax Credit for the low-income….

But what about the MIDDLE CLASS!!!

During George W Bush run he had a similar tax cut for the top 1%, and the result of that was the top earners taking up 66% of all income gained. Where was the trickle down that was supposed to help everyone else?

And why should this plan work now when it didn’t work for Dubya?

SMH, Jeb Bush has talked about income inequality but this tax plan is a slap in the face of those who REALLY want to end income inequality.

Sorry Jeb Bush, but your dreams of the economy growing at a 4% rate is pipe dream if you leave the middle class behind.

 

As always….

If there is something to be said, “It’s On Broadway” to step up and say it!!

Advertisements

Author: Bobby Broadway

Born and raised in the Borough of Queens; with the backdrop of Manhattan only a stones throw away. I'm a college educated man with Independent thought, who is not afraid of an debate. It's very simple, you respect me and I will respect you...

1 thought on “Jeb Bush and Bush Tax Cuts 2.0”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s