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Old 10-17-2018, 09:27 AM
 
Location: Near Manito
20,170 posts, read 24,287,410 times
Reputation: 15285

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Aw, jeez. Another D talking point shot to hell...

https://www.investors.com/politics/e...nues-deficits/
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Old 10-17-2018, 09:29 AM
 
Location: Kansas City, MISSOURI
20,794 posts, read 9,440,104 times
Reputation: 15523
This is being offset by declining corporate tax revenue:
https://www.businessinsider.com/gop-...t-debt-2018-10

Quote:
According to Treasury data, tax revenue from corporate returns dropped 31% in fiscal 2018 compared with fiscal 2017. Meanwhile, individual tax revenue was up 6.1%, and total revenue increased by just 0.4% from fiscal 2017.

An analysis by the Committee for a Responsible Federal Budget found that the revenue increase was historically low.

"This revenue growth rate is the eighth lowest in the past 50 years, and the seven lower years either coincided with a recession or tax cuts/expiring tax increases enacted shortly after a recession," the report said. "As we have noted, though, even this slight revenue growth understates how much the 2017 tax law is reducing revenue since the fiscal year totals include revenue raised from the pre-tax law code."
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Old 10-17-2018, 09:40 AM
 
Location: Near Manito
20,170 posts, read 24,287,410 times
Reputation: 15285
Quote:
Originally Posted by James Bond 007 View Post
This is being offset by declining corporate tax revenue:
https://www.businessinsider.com/gop-...t-debt-2018-10
Proving once again that the Trump strategy is working, as proven by the fact that there are currently more jobs than job-seekers in the US:

https://www.wsj.com/articles/u-s-job...mer-1539702755
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Old 10-17-2018, 09:41 AM
 
Location: Kansas City, MISSOURI
20,794 posts, read 9,440,104 times
Reputation: 15523
Quote:
Originally Posted by Yeledaf View Post
Proving once again that the Trump strategy is working, as proven by the fact that there are currently more jobs than job-seekers in the US:

https://www.wsj.com/articles/u-s-job...mer-1539702755
You could not have thought of a more deflective deflection if you tried.

How about replying with a reply that actually has something to do with the declining corporate tax revenue that I provided info about?
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Old 10-17-2018, 09:45 AM
 
Location: OH->FL->NJ
16,964 posts, read 12,536,791 times
Reputation: 8881
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?
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Old 10-17-2018, 09:47 AM
 
Location: Chicago
937 posts, read 924,694 times
Reputation: 531
...Trump tax cuts also brought a record Federal deficit yo.
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Old 10-17-2018, 09:47 AM
 
Location: North of Canada, but not the Arctic
21,085 posts, read 19,587,195 times
Reputation: 25577
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).
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Old 10-17-2018, 09:48 AM
 
Location: Kansas City, MISSOURI
20,794 posts, read 9,440,104 times
Reputation: 15523
Quote:
Originally Posted by Retroit View Post
The money corporations used to pay in taxes will be used for business expansion and hiring more people, thus increasing revenue and tax revenue (both corporate and personal income).
Or, maybe they will just park the money in a bank, use it to repurchase stock, or something else.
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Old 10-17-2018, 09:50 AM
 
Location: North of Canada, but not the Arctic
21,085 posts, read 19,587,195 times
Reputation: 25577
Quote:
Originally Posted by ARaider08 View Post
...Trump tax cuts also brought a record Federal deficit yo.
Tax cuts help grow the economy. A growing economy increases tax revenue.
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Old 10-17-2018, 09:52 AM
 
Location: North of Canada, but not the Arctic
21,085 posts, read 19,587,195 times
Reputation: 25577
Quote:
Originally Posted by James Bond 007 View Post
Or, maybe they will just park the money in a bank, use it to repurchase stock, or something else.
Money in the bank is used to finance start up companies and to loan to businesses for expansion. Repurchasing stock gives investors money to make investments elsewhere.
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