TRUMP'S OUTRAGEOUS TAX CUTS GAVE 6 TOP WALL STREET BANKS $32 BILLION

This is one of the main reasons why Trump was given the White House: Israel v Iran to complete the 9/11 war plan; and massive tax cuts for the rich and corporations to increase inequality.

In 2016 Trump said the national debt needed to be brought under control and then reduced. Instead he has plunged the USA into a further $3 TRILLION debt. That's $1 TRILLION every year he has been President. There has only been one President who did what Trump said needed doing, and that was Bill Clinton.

But here's an insight into where Trump's tax cuts are going. JP Morgan Chase saved $5 billion in tax last year leading to their record profit of $36.4 billion.

Meanwhile tent cities and medieval diseases are back and rapidly growing in many cities in the USA.

In the midst of this orgy of wealth accumulation at the very top of society, every demand of workers for jobs, decent pay, education, housing, health care and pensions is met with the universal response: “There is no money.” Hundreds of thousands of teachers have struck over the past two years to demand the restoration of funds cut from the public schools and substantial increases in pay and benefits. None of their demands have been met. The same applies to auto workers who struck for 40 days last fall to demand an end to two-tier pay systems and the defense of jobs.

JPMorgan’s $36.4 billion profit in 2019 is more than half the education budget of the US federal government.

[source : JPMorgan Chase records the biggest profit of any bank in US history, World Socialist Website, https://www.wsws.org/en/articles/2020/01/18/bank-j18.html, 18th January 2020]

And all those tax cuts were supposed to trickle down to the workers. Right?

...The devastating human cost of the plundering of society by the corporate-financial oligarchy is registered in declining life expectancy, rising mortality and record suicide and drug addiction rates. A recent study by the Brookings Institution found that 53 million people in the US—44 percent of all workers—“earn barely enough to live on.” The study found that the median pay of this group was $10.22 per hour, around $18,000 a year. Thirty seven percent of those making $10 an hour have children. More than half are the primary earners or “contribute substantially” to family income.

Similarly, a Reuters report from 2018 found that the average income of the bottom 40 percent of workers in the United States was $11,600.

In other words, it's not trickling down. There is a trickle up!

Trickle up Trump!!