As the 2024 election approaches, the economy has emerged as a pivotal issue that could determine the outcome. With Americans feeling the pinch of inflation, rising living costs, and uncertain job markets, economic policies are at the forefront of voters’ minds. Both parties are vying to present themselves as the best stewards of the nation’s financial future.
Harris has a big problem, though. While serving Joe Biden, she sat by as inflation skyrocketed. Harris let million of illegals enter the country, taking jobs and housing from Americans.
Economic stability is a top concern for voters, who are looking for leadership that can navigate the complexities of the current financial landscape. High inflation rates and the increased cost of living have left many Americans struggling to make ends meet. This has heightened the importance of economic policies in the election. Now, a top financial expert is revealing which candidate we should pick, if we want to keep our money.
CNBC host Jim Cramer reacted to a Monday meltdown of stock markets by saying that people who care about their personal finances should “go with Trump.”
“…if you care about your paycheck, you go with — you go with Trump, if that’s what you do.”…
Trump signed a $1.5 trillion tax cut into law that included reducing the corporate income tax rate to 21%, doubled the child tax credit to $2,000 and also reduced individual tax rates.[Source: Daily Caller]
A recent statement by Jim Cramer, a well-known financial commentator, has added fuel to the economic debate. Cramer suggested that if voters prioritize their paychecks, they should consider supporting Donald Trump. His comment, “If you care about your paycheck, go with Trump,” underscores the belief that Trump’s economic policies are more favorable for personal financial growth.
The CNBC crony that was with him, David Faber, claimed his taxes were “raised enormously” under Trump. Of course, he was distorting the truth. His federal taxes did not go up, but his state taxes might have—if he was living in a blue state. As Trump cut taxes for working and middle-class Americans, rich elite liberals might have seen blue states raise their taxes. That was not Trump’s fault, it was the fault of greedy Democrats who had—for years—gave breaks to the rich while hammering the rest of us.
Cramer pushed back on Faber’s false claim, saying that Trump cut taxes. And indeed, Trump did. He passed one of the largest tax cuts in recent history—one of the reasons big government Democrats hate him so much. Almost immediately, those cuts resulted in wage increases, bonuses, and job openings for workers. All that dwindled away under Biden, whose terrible leadership has led to massive inflation, low wages, layoffs, and worse.
Cramer pointed to Trump’s track record of tax cuts and deregulation, which he argues have historically benefited the stock market and economic growth. He contrasted this with the current administration’s policies, suggesting they have contributed to economic instability and rising inflation.
Author: Kit Fargo
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