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.
David Stockman was Reagan's budget director and architect of the tax cut plan back in the 1980's. Very good analysis of what the GOP is calling "Tax Reform"'. Essentially we are borrowing money to pay for the corporate tax cut.
Quote:
To the contrary. The GOP tax bill is of the lobbies, by the PACs and for the money. Period.
There is no higher purpose or even nugget of conservative economic principle to it. The battle cry of “pro-growth tax cuts” is just a warmed over 35 year-old mantra from the Reagan era that does not remotely reflect the actual content of the bill or disguise what it really is: Namely, a cowardly infliction of more than $2 trillion of debt on future American taxpayers in order to fund tax relief today for the GOP’s K-Street and Wall Street paymasters.
On a net basis, in fact, fully 97% of the $1.412 trillionrevenue loss in the Senate Committee bill over the next decade is attributable to the $1.369 trillioncost of cutting the corporate rate from 35% to 20% (and repeal of the related AMT). All the rest of the massive bill is just a monumental zero-sum pot stirring operation.
While the charges were dropped (I have no idea why) , he will always be a crook in my eyes. He ran and milked dry a 100 year old profitable company (Collins and Aikman) into the ground and got away with it like a real life Gordon Gekko.
That was one of the best companies I have ever worked for, such a shame.
So now that the person behind the Reagan tax plan calls the GOP plan a crock, and Reagan is the Jesus of the contemporary right, will you guys finally stop being stupid and talking about how this is a job creation bill or something? Holy smokes.
While the charges were dropped (I have no idea why) , he will always be a crook in my eyes. He ran and milked dry a 100 year old profitable company (Collins and Aikman) into the ground and got away with it like a real life Gordon Gekko.
That was one of the best companies I have ever worked for, such a shame.
Other than digging up charges from 10 years ago that were dropped do you have any substantial comments on his analysis of the reform bill. I see where he also compared this bill to Bitcoin. This is a horrible time to be borrowing money for corporations when we are running massive deficits. It appears VooDoo Economics has returned with a vengeance.
He is not some partisan hack, he is Reagans former budget director.
Other than digging up charges from 10 years ago that were dropped do you have any substantial comments on his analysis of the reform bill. I see where he also compared this bill to Bitcoin. This is a horrible time to be borrowing money for corporations when we are running massive deficits. It appears VooDoo Economics has returned with a vengeance.
He is not some partisan hack, he is Reagans former budget director.
Nope, just stated my opinion of the crook. I saw first hand , 100's of people lose their jobs due to him, so that will always stick with me. I could care less what his opinion of the reform bill is.
Nope, just stated my opinion of the crook. I saw first hand , 100's of people lose their jobs due to him, so that will always stick with me. I could care less what his opinion of the reform bill is.
So you have no comment on his assessment of the bill, you know the topic of this thread. Even someone you dislike can be correct
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.
