Steve Bannon says that there will be “no taxes on Tips, Social Security, and Overtime” before the Billionaire tax cuts are extended beyond Dec 31, 2025.
That’s great, but I don’t think that’s enough to make up for the cost to the middle class of the tariff regime.
intercst
Says the guy from the party that is so worried about deficits.
No worry. The tariffs placed on penguins will cover all this.
How much of the $4 Trillion Billionaire’s Tax Cut is in the top bracket? Bannon says they need $500 Billion to fund “No taxes on Tips, Social Security and Overtime”. That seems doable.
The Washington Post reporter on the panel complains that GOP Senators and Congress Members won’t sell out their big donors. Bannon asks, “Where they gonna go?” If Trump tells them to do it, they’ll fall in line.
Question is, “Would the Democrats support it?”, Schumer and Hakeem Jefferies get most of their funding from Corporate donors.
I’ll be watching this with interest.
intercst