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
    Vox  9 months ago+649

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

  • Cameron Champine
    Cameron Champine 10 hours ago

    The solution is that the government needs to stop "needing" as much money

  • Azure Wing
    Azure Wing yesterday

    The government is already 20 trillion cereal pieces are dead.

  • Exyll [GD]
    Exyll [GD] 2 days ago

    Democrats want to higher taxes so that they can not work and take money from the government regardless

  • J Law
    J Law 2 days ago

    hahahaa...so biased...what else to expext from vox..

  • Macy M
    Macy M 3 days ago

    kilroy was here

  • Genration Genration

    Except the government shouldn't be spending anywhere near what it does. Let them burn.

  • Max Larsen
    Max Larsen 8 days ago

    more bombs.

  • Phlegethon
    Phlegethon 12 days ago+1

    You could’ve used just dollars instead of cereal

  • SeeingFire
    SeeingFire 12 days ago

    thx cereal!

  • Chung
    Chung 13 days ago

    What's with the anti republican view. Why not just do some honest unbiased explaining.

  • BLACK REBEL
    BLACK REBEL 15 days ago

    am in 11 and i dont get it. so does us get riched or loses its money?

  • 117 Infinity
    117 Infinity  18 days ago

    You dosent understand what taking. .

  • MrSniperdd
    MrSniperdd 18 days ago

    Dumbed down for all you smart people. Just watching this drops your IQ. Sad you have to use something this idiotic to explain tax laws.

  • timokanaar
    timokanaar 18 days ago+1

    The ones who pay the most taxes will ALWAYS benefit the most from a tax reduction, this is not unfair because the taxes are still the same percentages. The things they say here are true however they say it in such a way to make it look like the rich are profiting, even though they are not

  • WHat the Hey
    WHat the Hey 26 days ago

    thanks for putting the black women at the bottom

  • Fortnitefunny 2000
    Fortnitefunny 2000 27 days ago

    Thank to obama we have a lot biger debt

  • John Sergei
    John Sergei 29 days ago

    If the government creates money, why'd they need tax?

  • Interrail America
    Interrail America 1 months ago

    You can get ITIN number if you are a non-resident https://ein-itin.com

  • Joshua Smith
    Joshua Smith 1 months ago

    Obama added more debt to our government than any other president in history, to include ww2 and the depression..... according to AP US government