Sen. Chris Van Hollen (D. MD) Wants To Give 130 Million Americans a Tax Cut

U.S. Senator Chris Van Hollen (D-MD) made headlines in the national spotlight when he appeared on the Find Out Podcast this week after participating in our State Of The Union livestream a few weeks ago. Senator Van Hollen returns to the show to cover two big issues on everyone's minds: affordability and war with Iran.

First off, Senator Van Hollen discusses how his bill, The Working Americans' Tax Cut Act, would tackle rising prices by raising taxes on billionaires and giving a huge tax cut to 130 million working Americans. The bill has 19 Senate co-sponsors and is endorsed by the AFL-CIO, the Federation of Teachers and the National Education Association. Van Hollen explains how it works.

We also discuss that Trump's disastrous war with Iran is not only costing us a billion dollars a day but is also costing the lives of 13 servicemen and 2,000 civilians including 150 school girls. Van Hollen points out that Trump, who lied about being the "anti-war President," keeps changing his reasoning and rationale for starting a war with Iran and even Trump voters in his home state of Maryland are turning on him.

00:00 Sen. Chris Van Hollen's (D. MD) Working Americans' Tax Cut Act
04:12 Donald Trump Owes Everyone $1,700
07:23 How Do You Market This To Swing Voters?
12:05 Democrats Wealth Tax Plans
17:23 We've Never Seen Trickle Economics Work
20:53 Trump Has No End Game With Iran
23:51 Obama Negotiated A Deal To Prevent Iran From Getting A Nuclear Weapon
28:35 Kilmar Abrego Garcia & The Lesson Democrats Must Learn
33:11 Dark Horse Candidate & The Right Losing Their S***
36:46 Megyn Kelly, Marjorie Taylor Greene & Mark Levin's Micropenis
38:55 Luke Launched A New Show
Interview: 

https://youtu.be/BnczU6qDGxU?si=Fs5FoEev35PajnyK

Trump Flirts With the Ultimate Tax Cut: No Income Taxes at All - The New York Times

Either way, both liberal and conservative experts have dismissed his idea as mathematically impossible and economically destructive. Even if Republicans control Congress, lawmakers are unlikely to dismantle the income tax system. Yet Mr. Trump's combination of tax cuts and tariff increases has been central to his political pitch. 

"There is a way, if what I'm planning comes out," Mr. Trump said of ending income taxes...

https://www.nytimes.com/2024/10/24/us/politics/donald-trump-tax-policy.html

Secret IRS files reveal how much the ultrawealthy gained by shaping Trump’s 'Big Beautiful Tax Cut' - Raw Story - Celebrating 17 Years of Independent Journalism

…Brendan Bechtel has emerged this year as a vocal critic of President Joe Biden's proposal to pay for new infrastructure with tax hikes. "It's unfair to ask business to shoulder or cover all the additional costs of this public infrastructure investment," he said on a recent CNBC appearance…https://www.rawstory.com/trump-tax-cuts/

Opinion | Americans just got a tax cut. But most of them don’t realize it. - The Washington Post

… Sorry to be the bearer of bad news, my fellow Americans. But: Your taxes are already very low...

https://www.washingtonpost.com/opinions/2021/05/10/americans-just-got-tax-cut-most-them-dont-realize-it/

Huge new study shows 'trickle-down' economics makes inequality worse, researchers say | TheHill

The concept of cutting taxes to generate more revenue was a key foundation of Reaganomics.

https://thehill.com/changing-america/respect/poverty/530731-huge-new-study-shows-trickle-down-economics-makes-inequality

Democrats demand answers to how a tax break benefiting Trump and Kushner got into coronavirus bill

In addition to the extra gift to corporate America Republicans slipped into the massive coronavirus bill, allowing the Federal Reserve to keep its deliberations secret, there's also a big tax break to wealthy taxpayers that somehow got into the bill without Democrats knowing about it. Two Democrats, Rhode Island Sen. Sheldon Whitehouse and Texas Rep. Lloyd Doggett, are trying to get to the bottom of it.
https://www.dailykos.com/story/2020/4/10/1936183/-Democrats-demand-answers-to-how-a-tax-break-benefiting-Trump-and-Kushner-got-into-coronavirus-bill

Critics claims Trump’s ‘confession’ on permanent payroll tax cut is ‘an excuse to destroy our Social Security system’ – Raw Story

President Donald Trump on Tuesday once again voiced his support for slashing the payroll tax—the primary funding mechanism for Social Security and Medicare—and said he would be calling for such a cut even if the U.S. were not currently in the midst of a nationwide public health and economic emergency. “I would love to see a payroll tax cut,” Trump, who has repeatedly vowed to “save” Social Security, said at the end of the Coronavirus Task Force briefing Tuesday evening. “I think on behalf of the people it would be quick… There are many people who would like to see it as a permanent tax cut.”
https://www.rawstory.com/2020/04/critics-claims-trumps-confession-on-permanent-payroll-tax-cut-is-an-excuse-to-destroy-our-social-security-system/

Trump’s policy record: environment, Wall Street regulation, and more - Vox

A big tax cut, unprecedented environmental degradation, Wall Street unleashed, and a whole lot of judges.....

https://www.vox.com/policy-and-politics/2019/12/2/20970521/trump-administration-achievements

Make no mistake: Medicare for All would cut taxes for most Americans

Not only would universal healthcare reduce taxes for most people, it would also lead to the biggest take-home pay raise in a generation for most workers ....
https://www.theguardian.com/commentisfree/2019/oct/25/medicare-for-all-taxes-saez-zucman

Imagine that.

https://reddit.com/r/PoliticalHumor/comments/df3zie/imagine_that/

That meager tax break you got from Trump? His latest tariffs are going to erase it - Daily Kos

The last round of tariffs, J.P. Morgan analysts estimate, will bump costs to consumers from $600 after the first two rounds to $1,000. That's eating up the majority of tax break of about $1,300 from the 2017 tax cuts. J.P. Morgan's chief U.S. equity strategist, Dubravko Lakos-Bujas, says it's particularly bad for consumers as opposed to farmers who are getting Trump's bribes to make up for their losses because "there is no simple way to compensate consumer." .....
https://www.dailykos.com/stories/2019/8/20/1880178/-That-meager-tax-break-you-got-from-Trump-His-latest-tariffs-are-going-to-erase-it

Trump Is Planning Another Tax Cut for the 1%—Without Congress’s Approval - Vanity Fair

The White House is reportedly working on a tax break from which 86% of the benefits would go to the 1%. And it may bypass Congress to get it done.
https://www.vanityfair.com/news/2019/06/trump-capital-gains-tax-cut

New Rule: The Deadbeat Dad Party | Real Time with Bill Maher (HBO)

Interview:
https://youtu.be/MFSUij_0RKI

Chart of the Day: Here's What Corporations Did With Their Tax Cut - Mother Jones

The Congressional Research Service has analyzed the 2017 Republican tax bill and concluded that it had no noticeable effect on GDP, consumption, domestic investment, or wages. But wait! What about the reinvestment of overseas profits, which the act allowed companies to repatriate at a low tax rate?
https://www.motherjones.com/kevin-drum/2019/05/chart-of-the-day-heres-what-corporations-did-with-their-tax-cut/

Putting the 'Trump tax cuts will pay for themselves' myth to bed - The Hill

Instead of using tax reform as an opportunity to raise this revenue, however, we used it as an excuse to cut taxes. ....
https://thehill.com/opinion/finance/430604-putting-the-trump-tax-cuts-will-pay-for-themselves-myth-to-bed

The GOP's tax cut has been a massive failure -- and these numbers prove it - Raw Story

It's been one year since the Republican Party passed its massive tax cut -- and so far it's remained a political albatross for the GOP as the party's promises of massive wage growth for workers have yet to pan out. ....
https://www.rawstory.com/2018/12/gops-tax-cut-massive-failure-numbers-prove/

Thom Hartmann: The GOP Is Reviving One of Its Favorite Scams - Truthdig

Time and again, Republicans have run up the deficit on behalf of their donors, only to use it as pretext to slash the social safety net. ....
https://www.truthdig.com/articles/thom-hartmann-the-gop-is-reviving-one-of-its-favorite-scams/

Steve Mnuchin admits Trump's promise of middle class tax cut isn't a focus of the administration - Raw Story

A proposed middle-class tax cut that U.S. President Donald Trump floated just ahead of the November elections is not a focus of his administration's efforts on taxes, Treasury Secretary Steve Mnuchin told Bloomberg News in an interview on Tuesday. ....
https://www.rawstory.com/2018/12/steve-mnuchin-admits-trumps-promise-middle-class-tax-cut-isnt-focus-administration/

Remember 11 days ago, when Trump promised to cut your taxes by November? We do - ThinkProgress.org

On Oct. 20, seemingly out of nowhere, President Donald Trump announced he was "looking at putting in a very major tax cut" for "middle-income people" that he hoped to implement "sometime around the first of November, maybe a little before that." ....
https://thinkprogress.org/trump-tax-cut-promise-november-failure-eca05bce3803/

Tax reform's broken promises on full display in latest GDP report | TheHill

Despite the promises of massive increases in business investment if we cut corporate tax rates, the American people instead are seeing a slowing in business investment growth while deficits increase and companies handout stock buybacks and dividends like Halloween candy....
https://thehill.com/opinion/finance/413637-tax-reforms-broken-promises-on-full-display-in-gdp-report