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

Discussion in 'Political Opinions & Beliefs' started by XXJefferson#51, Jan 30, 2023.

  1. Sirius Black

    Sirius Black Well-Known Member

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    This is an article about press coverage of a reoort. Where can we find the report?
     
    Last edited: Jan 30, 2023
  2. cd8ed

    cd8ed Well-Known Member Past Donor

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    I agree with you on middle class tax cuts — that’s exactly what will happen.

    Why then did Republicans phase out those tax cuts over several years while keeping them for the very wealthy that do not reinvest in the economy the same way?
     
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  3. AmericanNationalist

    AmericanNationalist Well-Known Member

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    Generally speaking, whether the cuts are on the top or the middle don't matter. Because we don't have a cutting problem, we have a bloating problem. The Debt-GDP was 132% last summer, and it's at 127% right now, That's so incredibly unsustainable it's insane. If we keep on that road, and if we remain a liberal coalition, we're going to see what happened with the Left France in 2007 and massive tax hikes. Or a lost decade period like Japan's 90's if we don't course correct.

    The government, for once must be willing to make a sacrifice and say that the people's earnings are more important than the government's. I think there was a separate discussion on this, when it came to government programs(that you participated in, if memory serves.). SS/Medicare are up for reform by 2032, that's 9 years away. We have an opportunity to act, to avert this crisis by being willing to empower the citizens, and lower our government budget.

    By doing that, the government will once again see surpluses, as economic activity continues to surge while the government takes less and needs less.
     
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  4. kriman

    kriman Well-Known Member Past Donor

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    There have been computer simulations. There is no single point. Different people with different incomes peak out at different points. The point is that it is a valid concept and to just automatically say that a tax cut will always result in a revenue drop is simply wrong.
    Revenue went down initially after the Trump tax cut, but then went up. That is to be expected since it takes time for the economy to react to a tax cut.
     
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  5. independentthinker

    independentthinker Banned

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    You can't improve your life if you are living your life jealous of others.
     
  6. FAW

    FAW Well-Known Member Past Donor

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    Taking your statement to its logical conclusion...If a lower tax rate means less money, and a higher tax rate means more money...Are you saying that a 100% tax rate would create the highest possible government revenue?
     
  7. cd8ed

    cd8ed Well-Known Member Past Donor

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    It’s ironic that you are laying this at the feet of liberals when spending debt to gdp went from “132% last summer, and it's at 127% right now”

    Most of the time when deficit reductions happen it is under a Democratic president and spending typically increases under a Republican one.

    I agree with you that we need to revise many of our programs especially the ones that are healthcare related — guess what party doesn’t want to negotiate on that either?
     
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  8. Noone

    Noone Well-Known Member

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    WoW, so profound. :roll:
     
  9. cd8ed

    cd8ed Well-Known Member Past Donor

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    My life is fine. Beautiful family, two successful businesses.

    It’s funny that you people always take anyone saying that billionaire should be paying a higher percentage than his driver as “jealousy”

    It’s almost like you have zero solutions and don’t care that the system is being sucked dry by your idols.
     
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  10. Quantum Nerd

    Quantum Nerd Well-Known Member

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    Revenue tends to go up over time due to GDP growth, tax cuts or not. Of course, unless there is a recession. Now, since there is no control (we can't run two parallel economies with and without tax cuts to compare), we don't know if revenue growth would have been higher with or without Trump's tax cuts, so either side can claim they are correct. That's the beauty of economics, and why it is called the dismal science.

    Now, if you could show the simulations that demonstrate we are on the descending branch of the Laffer curve, that would be great. But, please no simulations from the Cato Institute and the like, who have an agenda to push.
     
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  11. independentthinker

    independentthinker Banned

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    The rich are paying the majority of federal income taxes collected. I believe the top 20% pay around 67% of the taxes while 50% pay zero. They are already paying the huge percent of the taxes. Whose tax bill do you want to pay, Warren Buffet's secretary's or Warren Buffet's? If you tell me you would rather be paying his secretary's taxes then you'd be a liar.
     
    Last edited: Jan 30, 2023
  12. Noone

    Noone Well-Known Member

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    Why is it then that that analogy was first made by "Warren Buffet"?
     
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  13. cd8ed

    cd8ed Well-Known Member Past Donor

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    What percent of the wealth do the top 20% have?

    Buffet himself has said he pays a lower tax rate than his secretary — how is that ok?
     
    Last edited: Jan 30, 2023
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  14. kriman

    kriman Well-Known Member Past Donor

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    The left claimed the tax cuts would reduce revenue. It increased revenue. End of story.
     
  15. Quantum Nerd

    Quantum Nerd Well-Known Member

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    It's not end of story. How do you know that the tax cuts didn't reduce revenue over what it would have been without tax cuts? Do you have a crystal ball? Or is it just lazy thinking?

    P.S.: Still waiting for your citations of the simulations.
     
    Last edited: Jan 30, 2023
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  16. kriman

    kriman Well-Known Member Past Donor

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    I know they went up after the tax rate cuts. Just accept it.
     
  17. Noone

    Noone Well-Known Member

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    It didn't increase revenue IF we had to go into debt. :roll:
     
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  18. Rampart

    Rampart Banned

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    no, bernie, ms warren,
     
  19. RodB

    RodB Well-Known Member Donor

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    Just a cursory look at Trump's tax plan by a quick perusing of the tax rate tables and understanding the standard deduction and child credits it is self evident that lower income individuals got by far the most benefit, Yet "tax cut for the rich" became the blind mantra of liberals and Democrats.
     
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  20. Noone

    Noone Well-Known Member

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    Because the benefit to lower income individuals has an expiration date, the benefits to the wealthy go on in perpetuity; tRaitor tRumps Mitch McConnell's tax bill was nothing more than Voodoo trickle down 2.0
     
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  21. AmericanNationalist

    AmericanNationalist Well-Known Member

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    When it comes to the spending over the last couple of years. Democrats held the House during the Covid saga(235-199.). In addition to the Democrat advantage in the House, there was mass media pressure against then-president Trump to do something in response to the shutdowns that were done by local ordinances, which we now know scientifically had no basis in anything.

    If Trump wants to say something was foul, it was that entire saga. He was caught in a no-win situation(and in part, by his own making by being optimistic instead of catching it by the horns.) but clearly, economic sabotage was deliberate, and a lot of America's lawmakers and our state governments were not looking out for our best interests. At the time, I said the unprecedented financial pause would damage us and it did, for what is now a ongoing 3-year inflation.

    I think Republicans have put their plans forward on the crucial issues, unfortunately both parties have a my way or the highway approach. I support privation of SS, people should have control over how much is put into their funds, how/when they want to take it out, etc. It would of course require financial responsibility by the people to manage their own accounts but I think if we were to instill that discipline with recommendations, strategies, etc that would go a long way.
     
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  22. LangleyMan

    LangleyMan Well-Known Member

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    Who are you kidding with this stuff?

    F1E7840F-28F0-47F0-8822-A2CD5069F272.png

    The budget deficit under Trump doubled to more than $1t before covid.

    You're once again propagandizing the forum.
     
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  23. cd8ed

    cd8ed Well-Known Member Past Donor

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    Ah yes, republicans controlled half of congress and the executive branch but it still isn’t their fault — it’s the democrats. Do you people actually believe what you are selling?

    SS should not be privatized and people should not be able to determine how to fund and use those accounts because people generally suck with budgeting. You might as well revoke the entire program if that is the goal.

    It does need reform and to be invested better as well as potentially allowing draws from your account for major life events like buying a house but it would need to be accompanied with with repayment. Many other nations have examples we can use.

    Privatization has failed with healthcare and I see no reason to move it to retirement accounts as well.
     
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  24. LangleyMan

    LangleyMan Well-Known Member

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    Still at it?
     
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  25. Darthcervantes

    Darthcervantes Well-Known Member Past Donor

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    Yup, no surprise there. His policies were pretty good. Too bad he ruined it all with his BIG MOUTH
     

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