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Old 02-10-2017, 12:57 PM
 
Location: Sonoran Desert
39,019 posts, read 51,026,383 times
Reputation: 28198

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The scheme is to lower corporate taxes and make it revenue neutral by imposing a border tax. Guess who pays the border tax?
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Old 02-10-2017, 12:58 PM
 
Location: United States
12,390 posts, read 7,063,888 times
Reputation: 6134
Quote:
Originally Posted by PCALMike View Post
LOL, this tax cut is meant to blow up the debt even further. All neutral observers agree on that. A massive hit which will be paid for by cut in Trumpsters' SS and Medicare and more user fees on stuff like parks, roads, schools etc. Thats what Goldman wants and thats what they are getting with Gary Cohn in charge.
Well, you can cut taxes to spur economic growth, or we can slip into the overdue recession.

You can have it your way, and we enter into recession, and tax revenues will be down due to the economic downturn.

I would rather lower taxes, and spur economic growth.
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Old 02-10-2017, 12:58 PM
 
18,579 posts, read 10,555,178 times
Reputation: 8601
Quote:
Originally Posted by tonym9428 View Post
I'm excited about this.
Of course, I wish it'd be 0 to 5%, but it'll end up being 15 to 20%

Trump Says 'Big-League' Tax Reform Details Coming in Weeks | Fox Business

Elites win....trumpites keep losing!!!!!
...and a wall ,and Obama care and..... call us when he decides to do something other than complain becuase his daughter can't sell clothes.
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Old 02-10-2017, 12:59 PM
 
1,400 posts, read 858,630 times
Reputation: 824
Basically, a lower corporate rate reduces the cost of business. We'll see where the savings goes, but it can't hurt job numbers. It can only help.
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Old 02-10-2017, 01:11 PM
 
14,221 posts, read 6,919,102 times
Reputation: 6059
Quote:
Originally Posted by stburr91 View Post
Well, you can cut taxes to spur economic growth, or we can slip into the overdue recession.

You can have it your way, and we enter into recession, and tax revenues will be down due to the economic downturn.

I would rather lower taxes, and spur economic growth.
lol, yeah, Goldman Sachs is going to make America great again with more trickle down economics. Cut taxes for the rich, stick it to the working stiffs and tell them it will be amazing. Goldman Sachs/Trump is selling salt of the earth Americans a bill of goods as usual. Thats what authoritarian crony capitalists do.
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Old 02-10-2017, 01:14 PM
 
14,221 posts, read 6,919,102 times
Reputation: 6059
Quote:
Originally Posted by 1grin_g0 View Post
Basically, a lower corporate rate reduces the cost of business. We'll see where the savings goes, but it can't hurt job numbers. It can only help.
Of course tax cuts that further increases inequality can hurt economic growth. Working stiffs get the bill and it will hurt the average consumer, not the big money donor class.
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Old 02-10-2017, 01:21 PM
 
Location: United States
12,390 posts, read 7,063,888 times
Reputation: 6134
Quote:
Originally Posted by PCALMike View Post
lol, yeah, Goldman Sachs is going to make America great again with more trickle down economics. Cut taxes for the rich, stick it to the working stiffs and tell them it will be amazing. Goldman Sachs/Trump is selling salt of the earth Americans a bill of goods as usual. Thats what authoritarian crony capitalists do.

Oh you silly dems, and your trickle down economics of taxing the "rich", and thinking it will trickle down to the average person. Yeah, it will trickle down, a few cents on the dollars after it goes through the government that enrich themselves, and wastes the rest.
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Old 02-10-2017, 01:31 PM
 
Location: USA
18,453 posts, read 9,090,926 times
Reputation: 8492
Quote:
Originally Posted by stburr91 View Post
Oh you silly dems, and your trickle down economics of taxing the "rich", and thinking it will trickle down to the average person. Yeah, it will trickle down, a few cents on the dollars after it goes through the government that enrich themselves, and wastes the rest.
The billionaire class loves people like you.
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Old 02-10-2017, 01:33 PM
 
16,376 posts, read 22,409,330 times
Reputation: 14397
Trump had dinner last night(2/9/2017) with swamp master Sheldon Adelson - big money GOP donor. Sheldon is owner of Sands casino.

Sheldon backed Trump during the campaign with millions of dollars and now Sheldon is meeting with Trump to cash in on the favors that Trump owes to Sheldon.

Sheldon Adelson

Here is what Adelson wants from Trump:

1) support for Israel and for the policies of Benjamin Netanyahu’s government

2) the battle against legalizing marijuana

3) outlawing online gambling, which he perceives as a direct threat to his casino business.
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Old 02-10-2017, 01:33 PM
 
Location: Round Rock, Texas
12,902 posts, read 13,236,720 times
Reputation: 13865
Quote:
Originally Posted by desertdetroiter View Post
For what? Corporations aren't paying it anyway. At least nowhere near the statutory amount.

Please. Must we have this argument again?
Correct. The corporations just pass the taxes on to their consumers.
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