Scoop: Manchin returns to Build Back Better negotiations with demands

[LenaBaby61]

22. And he was silent as a church mouse ...

When Fatass45 and his ENTIRE GQP US Taliban party passed that 2017 filthy, budget-busting, tax cut for the richest 1% that only helped the truly rich, and was NOT nor will it ever BE paid for like Mnuchin said it would be.

NO concern over that though, but a TON of concern, sickness and hand-wringing about how much the BBB will cost (It's fully paid for by the way), and no concern whatsoever for poor people in his own state who are old and thrust more into poverty, more toothless, deaf/hard of hearing due to a lack of hearing aids, cannot afford to buy their Insulin, and where many folks (Especially the young) are hopelessly addicted to Opiods.

After 2 Years, Trump Tax Cuts Have Failed To Deliver On GOP's Promises

December 20, 2019 11:32 AM ET
Heard on All Things Considered
Scott Horsley 2010

President Trump prepares to sign the tax legislation in the Oval Office on Dec. 22, 2017. The GOP tax cut did not pay for itself, as promised, nor did it deliver a sustained boost to economic growth.

Two years ago Friday, Republicans in Congress passed a sweeping tax cut. It was supposed to be a gift-wrapped present to taxpayers and the economy. But in hindsight, it looks more like a costly lump of coal.

Passed on a party-line vote, the tax cut is the signature legislative accomplishment of President Trump's first term. He had campaigned hard for the measure, promising it would boost paychecks for working people.

"Our focus is on helping the folks who work in the mailrooms and the machine shops of America," he told supporters in the fall of 2017. "The plumbers, the carpenters, the cops, the teachers, the truck drivers, the pipe-fitters, the people that like me best."

As Growth Slows To 1.9%, The Economy Is Falling Short Of Trump's Target

ECONOMY

As Growth Slows, The Economy Is Falling Short Of Trump's Target
In fact, more than 60% of the tax savings went to people in the top 20% of the income ladder, according to the nonpartisan Tax Policy Center. The measure also slashed the corporate tax rate by 40%.

"It will be rocket fuel for our economy," Trump promised.

Boosters of the tax cut insisted the economy would grow so fast, it would more than make up for the revenue lost to lower rates.

"The tax plan will pay for itself with economic growth," Treasury Secretary Steven Mnuchin said.

It hasn't worked out that way.

"It was unbelievable at the time, and it's proven to be absolutely untrue," said Maya MacGuineas, president of the Committee for a Responsible Federal Budget. "The tax cuts were never going to — and have not — come anywhere close to paying for themselves."

Corporate tax revenues fell 31% in the first year after the cut was passed. Overall tax revenues have declined as a share of the economy in each of the two years since the tax cut took effect.

https://www.npr.org/2019/12/20/789540931/2-years-later-trump-tax-cuts-have-failed-to-deliver-on-gops-promises