It's Official: Trump Tax Cuts Are Boosting Growth And Mostly Paying For Themselves

Discussion in 'Budget & Taxes' started by MolonLabe2009, Apr 11, 2018.

  1. MolonLabe2009

    MolonLabe2009 Banned

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    U.S. Weekly Jobless Claims Hold Below 300,000 for Longest Streak on Record
    https://www.wsj.com/articles/u-s-we...0-000-for-longest-streak-on-record-1523536549

    Number of people receiving unemployment benefits running at 44-year lows
    https://www.washingtonexaminer.com/...unemployment-benefits-running-at-44-year-lows

    US Corporations Expect Best 1st Quarter Profits Ever! — Net Income After Taxes Expected to Increase 14% An Unheard of Number!
    http://www.thegatewaypundit.com/201...us-companies-should-be-best-1st-quarter-ever/
     
  2. Iriemon

    Iriemon Well-Known Member Past Donor

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    I'm sorry, I asked for proof of your claim that the tax cuts are boosting the economy.

    Not a recitation of economic data.

    We saw those same stories before the revenue cuts.
     
    Last edited: Apr 12, 2018
  3. Iriemon

    Iriemon Well-Known Member Past Donor

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    ...
     
    Last edited: Apr 12, 2018
  4. One Mind

    One Mind Well-Known Member Past Donor

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    Not just supply side, but slave labor globalism, a scheme of the elites to become richer, but at the cost to working americans. Supply side and slave labor globalism are both neoliberal policies. Both originated from the party of big business and banksters, the GOP, but of course clinton moved the DP into this neoliberalism, although only the FDR democrats noticed it. The current corporate/banking democrats prefer not to notice it.
     
  5. danielpalos

    danielpalos Banned

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    Means nothing; our infrastructure still needs an upgrade. Simply making the already rich, richer, does Nothing to fix that.
     
  6. Quantum Nerd

    Quantum Nerd Well-Known Member

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    Note that Trump is punishing China with tariffs, but the REAL culprits for the trade deficit with China, the multinational corporations (like Apple) who offshore jobs, just got a huge corporate tax cut, basically being rewarded for taking American jobs away.
     
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  7. One Mind

    One Mind Well-Known Member Past Donor

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    So enlighten me, for I just do not know the answer to this...are tarriffs only imposed on goods made by the state of china, or does it include the goods MNCs made using slave labor in china?

    I agree the real culprits are MNCs, but also the banksters, and the elites that own both. I read in a book a few years ago written by some wall street dude who had left wall street, that it was the big banks which in part played a role in offshoring our economy, and the threats they issue went like this....either move to china to boost corporate profits, or we will buy you out, a takeover and offshore the production anyways. The author said that some corporations did not want to offshore but were pressured into it. I don't know if this is true, but the author of the book sure did. I figured it was inside info, like we get from retired CIA and FBI people who write books revealing very bad things that the common american is clueless about.

    The author also said that at one time corporations, the big ones, were the most powerful lobby in DC, but once big banking grew in wealth and power from deregs, that they replaced corporations as the most powerful lobby in DC, and nowadays big corporations actually fear the big banksters. Due to their power to influence and affect congress.
     
    Last edited: Apr 12, 2018
  8. Bluesguy

    Bluesguy Well-Known Member Donor

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    The Democrat 2009 budget was PURPOSELY withheld from Bush and pushed off for the expected Democrat incoming president who ended up being Obama who added his additional spending request to that budget which ended up with their $1,400B deficit just two years after the last Republican $161B deficit. They then kept the deficit over $1,000B for the next three years. It only came down because the Republicans took the House in 2012 and then the Republican sequester. So $1,000B over 10 years versus that record..........who is the more fiscally responsible.

    And your empty claims do not refute the facts as I post them and no the Republicans did not "cause" the crash your simplistic attempt to blame them notwithstanding as you have been told 101 times now.

    And it was not Obama's budget submission that was finally passed in 2015 it was an agreement between Congressional Republicans and Democrats.
     
    Last edited: Apr 12, 2018
  9. dixon76710

    dixon76710 Well-Known Member

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    Nope. Based upon projections of 3.3% this year and 2.4% in 2019. Why are liberals so dishonest?
     
  10. JakeStarkey

    JakeStarkey Well-Known Member

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    Bluesguy's denial that the GOP is not at fault for the recession in 2009 glaringly does not comport with the facts. Not "just once more."
     
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  11. JakeStarkey

    JakeStarkey Well-Known Member

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    Your statement requires factual support. Provide it please.
     
  12. dixon76710

    dixon76710 Well-Known Member

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    Their projections before the vote were their attempt to influence the debate. Now that the debate is over the projections are an effort to not look totally incompetent.
     
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  13. dixon76710

    dixon76710 Well-Known Member

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    Top 10% income earners of future generations will pay about 70% of it. Bottom half of income earners of future generations, practically nothing.
     
  14. An Old Guy

    An Old Guy Well-Known Member

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    Even 'Little Bob Corker' is deeply regretting his vote for the tax cuts, says it's one of his worst votes ever. There has to be a lot of buyers' remorse among the more fiscally conservative members of congress about the tax bill and the recent spending bill. The non partisan Committee for a Responsible Federal Budget did their analysis of this recent CBO forecast (linked below) and their conclusions at the bottom of the piece aren't flattering.

    http://www.crfb.org/papers/analysis-cbos-april-2018-budget-and-economic-outlook
     
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  15. rahl

    rahl Banned

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    republicans caused the crash, as shown repeatedly
     
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  16. rahl

    rahl Banned

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    nope. they were based on 4% projections.
     
  17. Bluesguy

    Bluesguy Well-Known Member Donor

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    Not once, the Democrats took control a year before the crash when the economy was quite strong and then they did nothing to help mitigate the depth or length and their plan to get us into a full recovery and hold unemployment to just 8% totally failed even with their trillion plus deficits, are you still trying to claim Bush should have vetoed their 2009 budget with it's $1,400B deficit, and huge spending increases which we are still trying to get over today.
    Trying to pass the buck with specious claims refutes nothing.
     
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  18. Bluesguy

    Bluesguy Well-Known Member Donor

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    If you want to debate what I say address me. If you are going to engage in the folly of saying that whatever party is in power is responsible for a recession if one occurs then explain how the Republicans were responsible for a recession that began a year after the Democrats took control. And don't claim you have because you haven't.

    That makes 102 times.

    The last time we had this discussion and I refuted your points you issued another specious simple dismissal and ran away. Still waiting

    http://www.politicalforum.com/index...ntil-we-get-border-wall-funding.529091/page-9
     
    Last edited: Apr 12, 2018
  19. ronv

    ronv Well-Known Member

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    I really don't understand why they post such misleading information. It's their money as well as mine.
     
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  20. rahl

    rahl Banned

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    And every time you parrot this silly statement, I then paint you into a corner by asking what specific policies did democrats pass, that bush couldn't veto, that caused the economic collapse.

    You then run for the hills and repeat some other long refuted argument. It's pathetic.
     
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  21. GraspingforPeace

    GraspingforPeace Well-Known Member

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    Bluesguy, again as has been pointed out to you repeatedly, you're offering a hindsight criticism of the response to the crash and explaining that it "could have been better!" without actually providing any sort of evidence beyond your own declaration that this is true. Not only is this not helpful, but it's radically apocryphal.
     
    Last edited: Apr 12, 2018
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  22. ronv

    ronv Well-Known Member

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    We are starting to do that because you just deny things without any evidence. It gets really boring after you repeat the same baseless claim for the 3rd or 4th time.
    [​IMG]
     
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  23. Robert

    Robert Well-Known Member Past Donor

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    I do not believe the alleged Trump deficit will materialize. How do you hand presidents the economy? This is the problem caused by FDR in the early 1930s, Democrats are fooled into believing presidents manage our economy. So long as they cling to that myth, they won't listen to actual economics.

    As to Trump, what he did that helped the economy is to change the tax structure for this nation plus roll back some, but not yet enough, regulations that harm the economy. I think he will get it done.
     
  24. Bluesguy

    Bluesguy Well-Known Member Donor

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    What would constitute proof to you then? You use economic data, highly cherry picked and misrepresented no doubt but data nonetheless, to try and prove your points now you object to someone else doing so. Why is that?

    How about you get to no longer use economic data when making your points?
     
    Last edited: Apr 12, 2018
  25. JakeStarkey

    JakeStarkey Well-Known Member

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    You certainly refuted no one's points, which the totality of your own comments prove. You don't get "just once more."
     

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