Quote:
Originally Posted by GirlySports
Good video comparing the two tax plans.
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Is it? I think he touches on my point in his closing comments. I would think a good video on tax plans, especially from a self-identified CPA, would take into consideration the balance sheet of the plans.
Personally, I think this is a terrible presentation because he doesn't go into any depth of the impact of the plans. Trump is cut, cut, cut, and give away money to those who already have capital and assets, but then has no mechanism to pay for any of that policy. At least Harris has identified where and how there is going to be some level of balancing of the spreadsheet in reductions countered with increases on specific income levels. For Trump to provide any balance to the tax breaks and incentives he is giving to the rich there must be reductions in spending, which will be in social security and Medicare. So while this CPA identified that Trump wants to eliminate taxes on social security income, he also wants to greatly decrease that income or eliminate it all together.
This CPA does a very poor job in trying to show the actual outcomes of the policy and outcomes to individuals. He makes it seem like the big benefits in Trump's plan trickle down to average Americans, which it clearly does not. He acknowledges at the end of the presentation that he doesn't talk about impacts in other areas and especially to the national debt, which is how Trump does everything, toss it on the credit card and then don't pay for it down the road. There is a reason why his administration created twice the impact to the national debt that the Biden or Obama administrations did. He is a big spender and a tax cutter, which is no way to run government.