Liberal Media Goes Completely Silent After New Report Proves Trump’s Tax Cuts Were Massive Success

…Meanwhile, of course, the MSM has stayed silent on the issue and refused to note that the Trump Tax Cuts, far from being the fiscally irresponsible giveaway to the rich that the left has been claiming they were for years, were instead a massive success that raised revenues while cutting taxes, making everyone better off.

That’s not the narrative about taxation the regime wants pushed, so it’s not the one we’re going to hear from them. Hence neither the Washington Post nor the New York Times publishing an article on the success of the TCJA as shown by the recent CBO report.

Unfortunately, even the 40% increase in federal revenues wasn’t enough to make up for the Biden spending spree, as Biden’s government spent an incredible $6 trillion last year, far outpacing the increase in revenues from the TCJA, which could expire soon unless Congress takes action to make it permanent.








https://trendingpoliticsnews.com/li...s-trumps-tax-cuts-were-massive-success-wiley/





It is obvious to a rational mind that the Trump tax cuts worked. They worked big time. They grew real wage increases by the working and middle class. They brought in record revenues to the federal government. They created strong economic growth across the board. They caused the lowest unemployment rates ever for all minority group populations and the lowest ever for non high school graduates.

 

It is a lie to say that the tax cuts cost the government revenue. It is also a lie to say that the middle and working class didn’t get big benefits from them.

 

TRaitor tRumps tax cuts on the wealthy are the cause of the massive debt increase we experienced during his administration. You know what bobble head mC cArthy and crew are threatening to send the nation into default over.

 

Since the govt gets its revenue from taxes lowering taxes means less money, not more.

 

Your op is a lie:

TrendingPoliticsNews.com

 

You didn’t read that federal revenues greatly increased as a result of those tax cuts? The increase in debt is because spending increased even faster and didn’t stop when the Covid effect on the economy ended.

 

Has federal revenues gone up or down since the Trump tax cuts? When the federal corporate income tax rates were cut from 35% to 21% revenues from that tax increased many fold as companies that used to reinvest abroad rather than subject their investors to that abuse then repatriated it to be invested here.

 

But not because of the tax cuts.

 

You realize that statement is so incredibly simplistic that it fails to account for a plethora of other effects.

 

Have you another theory? Please do share!

 

Your knee jerk denial convinces only yourself.

Or perhaps you would care to prove your statement instead of just making a statement with no supporting evidence?

 

This is what happens when you only read right leaning news sources.

Trump’s Wasteful Tax Cuts Lead To Continued Trillion Dollar Deficits In Expanding Economy
Less than a week after Treasury Secretary Mnuchin repeated the fanciful claim that the Trump tax cuts of 2017 would pay for themselves, the non-partisan Congressional Budget Office (CBO) proved him wrong. If tax cuts actually paid for themselves, they would reduce deficits based on faster revenue growth that comes from faster economic growth. Deficits immediately shot up after the 2017 supply-side tax cuts. And CBO forecasts that those deficits will continue to stay high for the foreseeable future. This is the opposite of tax cuts paying for themselves.
https://www.forbes.com/sites/christ...eficits-in-expanding-economy/?sh=2504d3ce66c4

Forbes





That's from right leaning Forbes. The deficits the GOP House is bitching about is caused by tRaitor tRumps Tax cuts.

Trump’s Corporate Tax Cut Is Not Trickling Down

Two years ago, President Donald Trump and Republicans in Congress cut the corporate tax rate from 35 percent to 21 percent via the Tax Cuts and Jobs Act of 2017 (TCJA). At the time, the Trump administration claimed that its corporate tax cuts would increase the average household income in the United States by $4,000. But two years later, there is little indication that the tax cut is even beginning to trickle down in the ways its proponents claimed.
https://www.americanprogress.org/article/trumps-corporate-tax-cut-not-trickling/

Center for American Progress




Which proves that MBFC AbsaByGodLutely DOES do a fair, equitable job.

 

it is totally false that tax cuts increase revenue. the trump cuts, like every previous tax cut was accompanied by massive stimulative spending, which does actually increase tax revenue which is then attributed to the cuts.

 

LOL! Here comes the old "tax cuts pay for themselves" drivel again. Right in time when the GOP takes over the House and can push for another tax cut. Oh, wait, they are remarkably silent on tax cuts these days. Could it be that the general public is not buying the narrative anymore? Maybe people are figuring out that tax cuts buy prosperity for a couple of years on the national credit card, but then comes the hangover and, meanwhile, we have red ink as far as the eye can see. Thanks, Reagan, GWB and Trump. If the tax cuts would work we should live with untold riches. Yet, we are not.

 

The theory of increasing revenue from tax cuts is a fairly simple concept. If you have zero taxes, you obviously get no revenue from taxes. If you tax 100%, then there is no incentive to work so you get nearly zero revenue from taxes. Somewhere between those two extremes, there is an ideal tax rate to maximize revenue income to the government. It is unlikely that the existing tax rate is at that rate. Therefore, it is not inconceivable that lowering the tax rate will maximize revenue.

All of that said, the objective of tax rates should not be to maximize revenue to the government. The objective should be to fund the government at a rate adequate for expenses. That means it should be less than the ideal rate for maximum revenue.

 

You start a lot of threads that are simply pure nonsense and really bad hyper partisan spin. This one's got to be the most nonsensical contortion to date. Surely, worst is just around the corner.

 

And all you did was provide your unsubstantiated opinion combined with a personal attack. How about instead of doing that you actually put forth the effort into proving him wrong?

 

Yet my opinion hit home hard. I don't need to prove him or you wrong, folk do that daily on a rinse and repeat victim mentality cycle.

 

The left live their lives with blinders on. Jealousy of the rich is the only thing they see.

 

I agree, I am deeply jealous of billionaires paying less than a grand in taxes for most years on record, of them getting millions back in tax payer dollars through stimulus programs while they then move those funds overseas to prevent any taxation and then lobby the Republican Party to defund the agencies tasked with making sure they pay their fair share.

Why should I and my companies be paying over 100k a year in various taxes when the very wealthy have stacked the system so perfectly? The bigger question is why do people like you not only not care but seem to be cheering it?

 

Yup it's easy from the "High towers"! How many people have you personally employed for a lifetime, provided a living wage that put their offspring thru college, insured them and so on..

I'm actually curios as to how your life has effected thousands of people lives and the economy of this or any other country

 

Why haven't they, for you?

 

That's not what it means. That's what Elizabeth Warren, Bernie Sanders and the likes think. But for those with business and financial expertise and knowledge, we know that's not how it actually works. Listen and listen well Liberals: The government is NOT capable of raising its own revenues. Meaning, in essence the government cannot generate its own funds. Therefore, it is indeed reliant on the revenues brought in from taxation.

This is where the thinking stops for Liberals, but they have to understand: If the people earn more money, then the money they earn can go farther, even in a lower tax bracket. If someone is earning 150 K and being taxed at 15%, that will get you more revenue then taxing the 75K guy at the same value.

The government needs people to earn revenue for it, not the other way around. I would recommend the Locke Treatise on economics as a start.

 

I am very familiar with the concept of the Laffer curve. Yet, when you ask conservatives who are for tax cuts, none of them can show that we are on the descending branch of this curve. It's all based on guesswork. Of course, if you keep lowering taxes, as the GOP has been doing, it would be likely that you at one point transition from the descending to the ascending branch of the curve. When has that happened? Or is the maximum in revenue close to 0 taxes? Questions to ponder.

Of course, what we know as a fact, is that the GOP tax cuts have resulted in government red ink as far as the eye can see. To me, this would indicate that we are on the branch of the Laffer curve where decreasing taxes actually decrease revenue. Now, on to the "but spending" excuse.

 

Not an excuse, it's a fact., The Debt-GDP is at levels seen beyond WWII. The government, like a fat pig has excess demand that we've never seen in our lives from a civilization standpoint,. And the Liberal response is to keep feeding the pig. But by feeding the pig, even the farmers(us citizens) are going to see less and less revenue.

At this point, even if there were wage hikes, those hikes would only be met with more crippling taxation.