The new US tax law, explained with cereal

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  • Published on:  1/12/2018
  • We're a few Crunch Berries short, friends.

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    There’s a new tax law in town. It passed without a single vote from Democrats in the House or the Senate, and it’s a huge windfall for the richest Americans, including President Donald Trump.

    But Republicans didn’t just want any new tax law, they wanted to reform the tax code. To give the richest Americans a big tax cut while still funding the government’s essential functions, like building roads and flying fighter jets, the GOP needed to find tax revenue somewhere else. To do that, they had to start taxing income that used to be tax-free, by closing loopholes and eliminating deductions.

    If all of that sounds boring and confusing, fear not. We’ve broken it down in this video. Just don’t blame us if it leaves you craving cereal.
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Comment

  • Vox (Jan 12, 2018)

    If you want more context, read this article from our website that goes into more detail on the tax bill: http://bit.ly/2qWUe9h

  • No one wants more of this garbage content Vox. If you don't know how the economy works, don't make videos about it.

  • Riff Raff (Jan 4, 2019)

    racis the Asian man wit the sumo bun

  • Erómeon (Jan 12, 2018)

    I find curious how I know more about American news than my own country's. Thanks Vox.

  • Kys cunts (Jan 20, 2019)

    Just eat the cereal before they can tax it

  • Lactose_Cow (Jan 18, 2018)

    i dont get how the cereal analogy is easier to understand than just saying moneyEDIT: why are people still arguing about this

  • Adam Dressler (Jan 14, 2019)

    Well, we have to appeal to the hillbilly conservative for them to understand.

  • Jonathan Behrmann (Nov 10, 2018)

    Rick Swordfire You should be ashamed of yourself.

  • dakkehdak (Jan 16, 2018)

    This cereal analogy was way more confusing than it had to be. Just use actual money, people aren't complete idiots and know how money works.

  • Spike Spiegel (4 days ago)

    I dunno where you live but I make all my purchases in cereal

  • Adam Dressler (Jan 14, 2019)

    Well, we have to appeal to the hillbilly conservative for them to understand.

  • LegendMeadow (Jan 18, 2018)

    You fail to mention, the government consumes too much cereal. It needs to consume less, then it has to steal less from the population.

  • Cameron Champine (Oct 16, 2018)

    exactly

  • Daniel Jones (Sep 5, 2018)

    skojo3e Why does my cereal have to be wasted on a bloated military that will just create bombs to kill poor brown people living in the desert? I'd rather it go to people on welfare than that.

  • Xpect Polo (Jan 16, 2018)

    Vox is extremely democratic

  • Earl Rogers (Nov 3, 2018)

    +Logic Quantified no one cares about your dumbass channel

  • #Bloodridge (Jan 14, 2018)

    That was very one-sided.

  • Phuck Hugh (Jan 2, 2019)

    Teh government has a lot of wasteful programs. For researching things that don;t need research, polling opinions, making the post office unprofitable, being innefficient... ect... cutting taxes can be done when you cut government waste. Lower taxes means more disposable income for people. Which stimulates the economy as spending drives growth.

  • aran chuica (Feb 13, 2018)

    Rex Hunter they still got paid...

  • Melissa E (Jan 23, 2018)

    The government is already in debt. We need spending reform AND tax reform. And stop with your nonsense about taxes going towards roads and research. The bulk of taxes go to social programs. Everyone is fine with taxes going towards roads and medical research, but you can't use those examples because they are so small compared to the monolithic black hole of social welfare programs. And I would like to keep MY OWN MONEY.

  • Gryphon S. (Feb 1, 2019)

    Melissa E Social welfare programs, like Social Security? Which people already paid for? That’s them getting their own money back!

  • Mild God (Dec 2, 2018)

    +CrabTastingMan UNDERFUNDED LOOLOLOLOL. The government gets 3.6 TRILLION dollars in tax payer money. That is NOT underfunded. Lol a majority of the US debt is owed to itself.

  • U Wot M8 (Jan 20, 2018)

    How about reduce government spending so that everyone can pay less taxes? Oh wait, that's exactly what the new bill proposes.

  • Adam Dressler (Jan 14, 2019)

    Nope, Republicans want both High Spending and low taxes.

  • MrSpiritchild (Sep 9, 2018)

    that's actually sort of what i said ben, just in a slightly more trolly way.

  • Crypto Queen (Jan 14, 2018)

    You mean they steal our cereal!? Silly government rabbits don't you know Trix are for kids!

  • LoneGRo (Dec 11, 2018)

    Dahm Tricks are for kids.. They rob our money like if we were kids... We need less government more freedom more families.... Gallow for Pedophiles, treasonous traders and corrupt politicians....