Peaked at #2 Off the board
Corporate profits up, tax revenue down
Steve Rattner says corporate profits hit all-time highs while tax receipts fell to their lowest since 2021 after Trump's tax cuts.
Key points
- SteveRattner says corporate profits and tax revenues grew together until the Trump tax cuts.
- He says corporate profits are now at an all-time high while tax receipts are at their lowest since 2025.
- A reply states Trump's net worth is $6,700,000,000, up since 2025, while firefighter average pay is $60,000/yr.
- A reply says the effective corporate tax rate has been declining for decades, and federal funding relied heavily on corporate taxes since the 1960s.
Key points and the reaction summary are written by AI from the posts on this page. Check the original post. How we use AI
Original post
Top replies on X
Reaction on X: Replies are overwhelmingly critical of the tax cuts and Republicans, calling the chart evidence of "trickle down" grifting and of Republicans serving capital rather than labor; several add figures on corporate tax rates and federal funding shifts. SteveRattner did not respond.
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From @jh336405, @corruptentities, @David_Charts2 and others. Spam removed, with English and Chinese translations.
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