The new US tax law, explained with cereal

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

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    Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com to get up to speed on everything from Kurdistan to the Kim Kardashian app.

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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.

    Video The new US tax law, explained with cereal upload by channel Vox
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Comment

  • Vox
    Vox  5 months ago+619

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

    • I am the Senate
      I am the Senate 3 days ago

      Vox you lied in this video

    • Homie Kitten
      Homie Kitten 1 months ago

      Vox as a republican this video proves how democrat YouTube channels know absolutely nothing about what the republicans want. I personally want a constant number of the percent that comes from a citezen bank account to not change based off of how much money is in the bank account.

    • Homie Kitten
      Homie Kitten 1 months ago

      Vox the government can make cut backs this is a easy to solve problem.

    • Dusty Warren
      Dusty Warren 2 months ago

      Vox Kill the government and all rich people rebel

    • Truth Seeker
      Truth Seeker 3 months ago

      Thanks. I pass!

    • Eric Munoz
      Eric Munoz 4 months ago

      Not a credible news source at all. Liberal influence from a mile away

    • Bradley Simpson
      Bradley Simpson 4 months ago

      Vox got be the worst way to explain this.

    • SatinGames666
      SatinGames666 4 months ago

      Lol, add says Michigan first, #OHIO

    • Truth ContestDotCom
      Truth ContestDotCom 4 months ago

      I just wish people would read "The Present" on TruthContest web page. We need to change, fast.

    • RAPS GAMING
      RAPS GAMING 4 months ago

      Why can’t these people make a non bias video is it impossible to comprehend a video without bias or something?

  • Mart kenyon
    Mart kenyon 20 hours ago

    Again with this trickle down economics bs. Didn’t we try this already?

  • RuizuKun_Dev
    RuizuKun_Dev yesterday

    USA is already in debt, and Tax will not fix that spending less will.

  • John Valat
    John Valat 4 days ago

    This video made Me want cereal

  • glenn brunck
    glenn brunck 7 days ago

    nice try!..how about a video on taxes on a slice of bread..Think about it...from the farmer buying the seed to you buying it in a store...I know you have not a clue!!!

  • IamTonyStark1
    IamTonyStark1 9 days ago

    vague...... but ok

  • sumerbc
    sumerbc 10 days ago

    I'm laying here on my bed and your stupid video starts. Stop using cereal and just speak plainly with dollars and real money! We are not children out here you know!? Jeez! VOX. Should have known. Get off my screen.

  • Tom Kalkbrenner
    Tom Kalkbrenner 13 days ago

    it can’t print cereal, but it can print federal reserve notes, i love how this video breaks a piggy bank as if the govt had any savings, all it has to do is type digits on to a screen and buy bonds from the treasury.

  • Jesse Dahlberg
    Jesse Dahlberg 14 days ago

    I have an idea to save cereal, don't make the tax payer pay for other people's abortions and birth control

  • Mr.Dank
    Mr.Dank 14 days ago

    Or we could just reduce government spending, never mind that concept is too complex for the weak minded.

  • unknown
    unknown 14 days ago

    Everyone will not have mone——TAX REFORM

  • Coriden Cain
    Coriden Cain 14 days ago

    Vox u arent understanding the top 1 percent pay almost all the taxes in our country so they get the most back they also support alot of jobs likr private air plane building and stuff like. That stop not telling the truth to push your agenda

  • Kyle Renneberg
    Kyle Renneberg 15 days ago

    All because of Democrats the middle-class taxpayers portion is not permanent!

  • James
    James 15 days ago

    Yeah, because VOX knows everything.

  • Max Musto
    Max Musto 16 days ago

    This seemed unbiased up until the last 5 seconds, you were almost there vox.

  • Danny High
    Danny High 16 days ago

    What kind of cereal is this? I want it.

  • Wai Jun Wong
    Wai Jun Wong 17 days ago

    I definitely prefer free cereal than real money is edible and has actually have more value than an actual dollars

  • ComputerPwn
    ComputerPwn 19 days ago

    This guy’s lisp combined with this horrible and needlessly complicated cereal analogy (seriously, you could just replace that with money or change) make this nearly impossible to comprehend without rewinding or rewatching.

  • Todd Lund
    Todd Lund 19 days ago

    What it "needs"? More like what it is unconstitutionally overspending on. Some people should do some research into Article 1 Section 8 to discover what the government can actually (legally) do.
    The reason that the tax cuts are not permanent reductions is because the Senate Democrats refused to bring the vote to 3/5 (60 votes) required to override the senate deficit rule. Stop trying to blame this on the Republicans.
    Also the top percentage group pays the widespread vast majority of the federal budget which is why they're getting the most money returned.
    Republicans would like to see everyone paying the same percentage. If it were set at 10%: if you made $10 you would pay $1; if you made$1,000,000 you would pay $100,000. Simple, easy, no deductions, or loopholes.

  • Angie Natoyn
    Angie Natoyn 19 days ago

    Government has to be very efficient in their spending. Hard to do though.