Corporate tax rate cut used to buyback stock and layoff workers.

...I dont care about the rates back then, I care about the coverage they provided...Back then the rates were pretty much just a person depositing money into someone else bank account to invest and rake in profits. With a preexisting condition preventing a person from ever making a withdrawal to cover the reason they had insurance in the firstplace.

Obama promised to take steps to address our healthcare situation, which he did, Who knew the overwhelming power of....Nevermind off topic.

 

So, screw the deficit?

 

The VAST MAJORITY of all shares on the stock market are owned by the nations wealthy, with 401K owners owning a tiny sliver.

 

Slash spending!

 

ObamaCare was a fricking huge overreach by the Federal government taking control of 1/7th of the economy with hundreds of new regulations and dozens of new taxes. ObamaCare is a disaster.

 

ROFL, yea ok..First of all spending on the correct things generate more income.

Slashing spending just slashes income...Money makes money.

 

Private healthcare was a huge overreach by the private industry taking control of 1/2 the economy with hundreds of new regulations and dozens of new fees, and policy payment increases, Private industry controlling healthcare has been a disaster.

 

It's just another hate Trump day for the malcontents. Unemployment among all categories of workers is at a 50 year high.

 

So, you have nothing.

 

Nope. Government spending just steals money from taxpayers and redistributes it has it sees fit.

It only slashes income for bloated government feeding on the public coffers.

 

In todays financial news NONPROFITS are reporting that charitable giving has declined substantially since the passage of the tax cuts for the wealthy???Counter intuitive??

 

Totally predictable:

https://www.taxpolicycenter.org/briefing-book/how-did-tcja-affect-incentives-charitable-giving

With the increase in the standard deduction, most people won't itemize. Thus, no tax deduction for charitable contributions means less charitable contributions.

 

Corporate tax rate cut used to buyback stock and layoff workers.
This demonstrates the falsehood of believing that corporations use tax cuts to create jobs. When will the American voters ever learn to stop believing all the conservative BS about tax cuts for the wealthy leading to more jobs. Americans, wake up!!!

 

Then we have the glaring reality that this was tried before under Reagan - and what did it accomplish ? By the end of Bush Sr. term - and a full 12 years of "Reaganomics" - our economy was dismal - on top of which the interest on our debt was so large that it accounted for over 25% of income. At 30% red lights and alarm bells go off at the IMF - the ship is taking on water faster than it can be bailed out and the ship will sink if something is not done soon.

Any idiot can stimulate an economy by deficit spending - and that is exactly what Reagan/Bush did. We ended up with our manufacturing base decimated and massive debt. Short term gains for long term losses.

We lucked out due to a "white Swan" event - the internet/tech/computer revolution - the massive revenue influx combined with reigning in spending and upping taxes under Clinton brought deficits down to near zero and we avoided catastrophe. We then managed to reduce the ave interest rate on our debt from over 7% to where it sits now ~ 2.25%.

Now Trump wants to repeat this failed experiment. The problem this time is that we can't reduce interest rates any further - and in fact are now in a rising interest rate environment. The interest on our debt is now rising at a rapid pace (after remaining stable since 2000). Trumps solution to this problem is to run massive deficits.

To run massive deficits when the economy is doing well is massive fiscal irresponsibility - to do this in a rising interest rate environment is mass fiscal irresponsibility on steroids.

 

Could account for why our clueless stable genius racked up so many bankruptcies.

 

What, 4 businesses out of 500? That is actually a stellar record.

 

At least 6!!!

 

How many of those 500 are still operating ?

 

I keep forgetting, Dear Leader was the greatest business man that has ever lived, before being divinely picked to make America great again.

 

How many businesses have you started and are still operating????

 

How many businesses have you started and are still operating????

 

We don't run around constantly blowing hot air about ourselves up peoples butts, as the braggart in chief does.

 

The Democrats constantly blow hot air about themselves.

 

Two (2). Why are you wanting to know my business and what does this have to do with Trump ? I am not the one who made the "500 businesses" claim.

 

They are not the raging furnace that is Dirty Donald!!