Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
(Unintended) consequences: moving the US to a territorial tax system will encourage companies to move their profits off shore. This was an option available only to the big guys in the past, but will increasingly encourage more corporations to exit the US space. MAGA!
If that is the case, I see great opportunity for me in the coming market, right here in the USA.
"for authorizing spending which will add $10 trillion to the debt?"
What are you going to say when that does NOT happen?
Keep in mind the left said the SAME thing for the W. Bush tax cuts and the debt went DOWN after it took affect.
Can you give some references for your claim that the debt went down during the Bush W. years? The Wiki page shows a fairly dramatic increase in the debt in the Bush years. But, of course, Wiki is not super-reliable, so perhaps you can supply some good data to prove Wiki wrong? https://en.wikipedia.org/wiki/Histor...es_public_debt
This chart, for example, shows the debt ratio increasing during the Bush years (+2,132 and +3,3971):
1985–1989 Reagan Republican 43.8% 53.1% +1,050 +9.3
1989–1993 Bush Sr. Republican 53.1% 66.1% +1,483 +13.0
1993–1997 Clinton Democratic 66.1% 65.4% +1,018 -0.7
1997–2001 Clinton Democratic 65.4% 56.4% +401 -9.0
2001–2005 Bush Republican 56.4% 63.5% +2,135 +7.1
2005–2009 Bush Republican 63.5% 84.2% +3,971 +20.7
From what I can tell, most economists are predicting that this tax overhaul will increase the debt. Again, I would be interested in your references for thinking that this bill will not increase the debt.
Last edited by Gaylenwoof; 12-20-2017 at 08:01 AM..
(Unintended) consequences: Mortgage applications dropped 5% from last month and are down 8% yoy as buyers react to the mortgage interest deduction changes in the Trump Tax. Home ownership, once the core of the American dream and the best way for Americans to accumulate the "nest egg" will now become a thing of the past. As home ownership fades, ancillary industries such as home improvement will take a nose dive.
Mortgage applications dropped due to seasonal demand and the refinancing of higher interest loans has bottomed out. Almost every loan that could be refi'd to lower rates have been done and that has been a huge volume the last 5 years.
The Mortgage tax deduction is not a consideration for the average Buyer. It is nothing but a nice Perk.
"for authorizing spending which will add $10 trillion to the debt?"
What are you going to say when that does NOT happen?
Not sure what Rand Paul will say if it does not happen, but according to his math, it will. He made his comments in January, and they were not related to this tax bill, but to the overall spending plan put forth by the GOP. Any potential increase by the tax bill would be on top of the $10T.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
