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Did the change take effect during his administration or after the tax cuts expired or rather after the income brackets also increased? That change was intention
by jrs235 2y ago
Did the change take effect during his administration or after the tax cuts expired or rather after the income brackets also increased? That change was intentional so that the following administration if it wasn't the GOP would feel the heat of and get the blame fortaxes going up.
- _djo_ 2y agoIt took place during the administration. Another poster had a good summary: https://news.ycombinator.com/item?id=42379288 https://news.ycombinator.com/item?id=42379288
- deleted 2y ago[deleted]
- jrs235 2y agoI think this is the more important comment in that thread: https://news.ycombinator.com/item?id=42380764 https://news.ycombinator.com/item?id=42380764 "Note: these changes were signed into law in 2017 but came into effect in 2022" Like I thought, changes were meant to be a time bomb if the GOP wasn't in control.
- _djo_ 2y agoThank you, I missed that and it’s important context. I’ve upvoted your comment for more visibility.