There has now been a recession in the first term of every single Republican president for the past 111 years.
In the past 73 years, there have been 11 "official" recessions, including 49 recessionary quarters.
41 of those quarters occurred under Republican presidents.
1/
This year, the cumulative budget deficit since Trump took office is expected to surpass $5 trillion. Greater than any 4 year period in U.S. history.
2/
Almost half of the benefits of Trump's tax cuts and programs have gone to the wealthiest 5%, while the number of corporations paying $0 in taxes has doubled.
3/
Just 14% of all financial benefits under Trump have gone to the bottom 60% of the economy, with the bottom 20% receiving an average financial benefit of $120 per year.
4/
Coronavirus bailouts and stimulus packages are expected to exceed $6 trillion. Average U.S. households are expected to receive less than $4,000 in total direct financial benefits, while the subsequent share of the tax burden to each household is expected to exceed $30,000.*
5/
*Much of that $6t is in the form of loans and debt, a large percentage of which will be recovered, with the notable exception of up to $1 trillion in potential forgiveness, and loopholes/tax breaks/incentives that defer or eliminate repayment.
END/ #GOPCorruptionOverCountry
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