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Post 1 is an OPINION piece tho kudos that at least it is not Breitbart.
Personal income taxes up 14B
Corp tax down ~100B
Tariffs up ?12B?
And the side effects of all that, is record revenues into the US Treasury.
Paying off that debt and borrowing, people create when they are getting taxed, instead of using that money to pay bills and distribute it to other people that pay bills.
The government can either give Americans, say, $100 million in tax cuts. Or they can give Americans the exact same amount in some sort of government spending. In terms of stimulating the economy (which was the original claim), there is no difference. Either $100 million gets added to the economy ... or $100 million gets added to the economy.
Keep digging. You asked why conservatives are against one and not the other. With UBI the deadbeat pays in nothing and gets x dollars. The same person who pays in hundreds of thousands in taxes gets the same x dollars. In theory you might end up with the same net $100 million, but you have productive people subsidizing deadbeats who do nothing - incentivizing failure.
And that's not even addressing the enormous costs of an additional government bureaucracy.
The money corporations used to pay in taxes will be used for business expansion, hiring more people and raising wages, thus increasing tax revenue (both corporate and personal income).
great argument except ofr the fact that literally the opposite is happening- as many of us predicted instead what ACTUALLY IS HAPPENING is record stock buybacks and increased dividends to line pockets of C suite execs.
And the side effects of all that, is record revenues into the US Treasury.
Paying off that debt and borrowing, people create when they are getting taxed, instead of using that money to pay bills and distribute it to other people that pay bills.
The money corporations used to pay in taxes will be used for business expansion, hiring more people and raising wages, thus increasing tax revenue (both corporate and personal income).
But there are already more jobs than job seekers...
The government can either give Americans, say, $100 million in tax cuts. Or they can give Americans the exact same amount in some sort of government spending. In terms of stimulating the economy (which was the original claim), there is no difference. Either $100 million gets added to the economy ... or $100 million gets added to the economy.
You are correct. Plus there is a third option - we could spend the $100 million on infrastructure projects, which would add the $100M to the economy AND get us improved roads, bridges and airports. Obama proposed an infrastructure program several times but was shot down by Republicans in congress. Trump promised an infrastructure program during the campaign but has done nothing thus far.
...Trump tax cuts also brought a record Federal deficit yo.
And now Mitch McConnell wants to make major cuts to Medicare and SS in order to decrease their record deficit yo.
Quote:
Originally Posted by Retroit
The money corporations used to pay in taxes will be used for business expansion, hiring more people and raising wages, thus increasing tax revenue (both corporate and personal income).
LOL. Did you really fall for this?
Quote:
Originally Posted by ARaider08
.... What happened to being the party of a balanced budget?
... Those heads must be stuck way up there, huh?
Republicans can stop pretending they care about a balanced budget OR the deficit and the deficit consistently goes UP when a Republican is President.
The money corporations used to pay in taxes will be used for business expansion, hiring more people and raising wages, thus increasing tax revenue (both corporate and personal income).
Mostly stock buy backs actually. It goes to share holders directly or indirectly.
They will never raise wages or hire more unless there is a demand for it. Corporations keep these two numbers as low as possible.
Ultimately-why do we care? Overall tax revenue was up. And we have every reason to expect that to accelerate as the impact of the corporate tax rate cut allows the US to be competitive with other nations.
Yes, we know you libs are desperate for some way to attack tax cuts that show the ultimate failure of your "tax everything" philosophy. The real reason liberals hate and fear Trump is that EVERYTHING he has succeeded with has demonstrated the failures and lies of liberal philosophy and "thought" (well, assuming liberals actually are capable of thought).
and before 2016 the economy was in the gutter right? Trickle down economics works right? Liberals are really scared of Trump "success"
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