Letter to the Editor: Have you seen any tax cuts yet?

Published 10:00 pm Monday, July 23, 2018

I have a question for all the average Joes out there. Have you experienced Trump’s tax cuts yet? From my understanding, it amounts to about $1,600 per year for every dependent deduction you claim.   Now is this a bait and switch example? I would say it is. If you take the number of dependents you have times 1,600 then divide that number by 52 you would have the amount of a raise you get on your weekly check. This is my understanding of Trump’s tax cut.

Now, when he inherited the presidency, gas was about $2 a gallon. It is getting close to $3 a gallon now. Trump’s policies started taking effect this year. Farmers are experiencing a $2 a bushel drop on their soybeans and 50 cents a bushel on their corn. They are having problems with the banks for getting loans. Look up suicide rate for farmers on Google. It has sky rocketed.   

We have been enjoying low prices for goods at Walmart, but they will be going up due to Trump’s messing with the trade wars. There are forecasters who are forecasting a 70 percent stock crash that will take place on Aug. 1 this year. Take my word for it. They are wrong. I predicted this before. The stock market is going to crash after the election this fall. That top 10 percent that own 80 percent of the stock on the stock market are going to take advantage of Trump’s tax cut and sell their stock, which will cause the stock market to collapse. They have to wait until after the election, so the Republican Party doesn’t take a big hit in the ballot box. Do you think those Trump supporters will see the light? I think not. I said it before and I’ll say it again. There are people who would vote for a pig if you put a Republican sign in front of it. Trump is a good example. I am still bragging. I didn’t vote for Trump.    

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Wayne Thorson

Albert Lea