Thread by @HeidiNBC

"Blue collar boom" or "middle class miracle," none of the things Trump promised about his tax cut have come true.

THREAD fact check:

1. GROWTH: 2.3% (in line w past ten years).
2. BIZ INVEST: slowed to 2.6%,

ab 1/2 the avg rate since the recession ended 10 years ago. (Corps mostly repurchased stock w their windfall & corp tax receipts are down 23% since fiscal 2017.)

3. NOT CLOSE TO PAYING FOR ITSELF: Nonpartisan Congressional Budget Office ...

estimates tax cuts (net) cost around $1.9 trillion over a decade, taking into account added growth.

A FINAL, UNDERREPORTED FACT ABOUT WHY THIS ALL REALLY MATTERS:

The estimated $2 trillion cost of the Bush and Trump-era tax cuts (for the top 1%) through 2025 is the same amount

House Republicans have proposed cutting from Medicare, Medicaid, Social Security and Obamacare.

(not enacted, just a budget proposal.)

A huge number of Americans rely on these programs and, to be sure, changes have long been needed. But these are the facts/figures AND

U.S. birth rates are even lower than during the Great Depression, so ... entitlements are in trouble.

Also, the wealth inequality gap is so huge the U.S. resembles China and Russia more than other advanced democracies like the UK.

It's pooling in the hands of the nation's billionaires, who are using it to purchase POLITICAL POWER.

According to ProPublica, there is a "staggering" number of lobbyists in charge of policing the industries they were working for.

propublica.org/article/we-fou…

#SOTU