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Show anywhere it says we have to be only in "desperate times" to change outdated tax laws.
"thji swas some great salesmanship that suddenly or compnaies could no longer compete globally"
You guys change your positions more times then chameleon changes colors.
All we heard form your side was how bad it was for companies to relocate to other countries.
NOW all of a sudden you change your tune.
So what was the problem we were addressing that we needed to go $1.5T in debt, Seems to me that corporations were doing quite well. I heard the excuse that we can't compete but we seem to be doing quite well. They didn't close the tax loopholes for companies like Google along with this decrease, they just reduced our tax revenue with the "hope" that this will translate into record profits and income for the middle class.
So what was the problem we were addressing that we needed to go $1.5T in debt, Seems to me that corporations were doing quite well. I heard the excuse that we can't compete but we seem to be doing quite well. They didn't close the tax loopholes for companies like Google along with this decrease, they just reduced our tax revenue with the "hope" that this will translate into record profits and income for the middle class.
So what was the problem we were addressing that we needed to go $1.5T in debt, Seems to me that corporations were doing quite well. I heard the excuse that we can't compete but we seem to be doing quite well. They didn't close the tax loopholes for companies like Google along with this decrease, they just reduced our tax revenue with the "hope" that this will translate into record profits and income for the middle class.
Why would you say 1.5T in debt? That 1.5 number is just a Guess. & it's going to be spread out over 10 years.
So unlike the Previous 8 years (where we DID IN FACT GO AN EXTRA 9 TRILLION DOLLARS IN DEBT). Trumps plan is spread out over 10 years & will actually Stimulate the economy (where as Obama's 9 Trillion went into a Black Hole).
Regarding Corporations.....You do realize that 20% of something is better than 35% of nothing....right? We're (finally) going to get Corporations to come back to the US.....& spend more money in the US. (How is this so hard for economic socialists to understand??)
Why would you say 1.5T in debt? That 1.5 number is just a Guess. & it's going to be spread out over 10 years.
So unlike the Previous 8 years (where we DID IN FACT GO AN EXTRA 9 TRILLION DOLLARS IN DEBT). Trumps plan is spread out over 10 years & will actually Stimulate the economy (where as Obama's 9 Trillion went into a Black Hole).
Regarding Corporations.....You do realize that 20% of something is better than 35% of nothing....right? We're (finally) going to get Corporations to come back to the US.....& spend more money in the US. (How is this so hard for economic socialists to understand??)
Most of the prior decade we went into debt in large part because of the recession, this is a self inflicted wound. We didn't purposely go into a recession, this action is foolish not just my opinion but economists.
There is no reason for this other than the GOP need to appease their donors, this is what happens when a few people can use their wealth to steer politicians to their benefit. The fact that they left in the carried interest benefit in for hedge fund managers is a good indication of their clout.
Corporations paid an average effective tax rate in the low 20's, although some companies paid 35% or even higher most did not. If this was true reform they should have removed the loopholes along with the decrease, they didn't.
Like I said, economy expanding, low unemployment and record corporate profits, there was no need for this and now they have no funds left for serious problems like infrastructure.
Most of the prior decade we went into debt in large part because of the recession, this is a self inflicted wound. We didn't purposely go into a recession, this action is foolish not just my opinion but economists.
There is no reason for this other than the GOP need to appease their donors, this is what happens when a few people can use their wealth to steer politicians to their benefit. The fact that they left in the carried interest benefit in for hedge fund managers is a good indication of their clout.
lol As if the lower and middle class who will save money are hedge fund managers.
Quote:
Originally Posted by Goodnight
Corporations paid an average effective tax rate in the low 20's, although some companies paid 35% or even higher most did not. If this was true reform they should have removed the loopholes along with the decrease, they didn't.
I get it. It's reform but not TRUE reform. Lowering the tax rates don't count because according to you it isn't true reform unless one lowers it by more?
Quote:
Originally Posted by Goodnight
Like I said, economy expanding, low unemployment and record corporate profits, there was no need for this and now they have no funds left for serious problems like infrastructure.
No need? lol The economy isn't expanding. How could it when the number of people on food stamps has risen for the last 2 months on record Aug and Sep.
I hear talk and there have been some good things trump has done as far as lowering regulations but so far there has not been any hard results of a good economy.
Gotta give it it Trump and friends. If you tell a lie long enough people will believe. What happened to the guy who told us he was going to drain the swamp? All I have seen is many in Washington have been replaced by wealthy friends of Trump who have little to no experience in politics.
Trickle down didn't work before and it wont work again. For what reason would tax cuts be permanent for corporations and the very wealthy and yet not on the middle class?
Because the working class has always paid for the wealthy.
How are we going to pay for the deficit? The poor and sick will have their medicaid benefits slashed, we will start to hear about the lazy people stealing from welfare again and living a life of leisure and so it repeats.
Now that some of the Trump lovers have blown a gasket, let the hate begin.
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