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If Trump wins again

Discussion in 'North American Politics' started by Riders, Mar 18, 2019.

  1. Shaul

    Shaul Well-Known Member

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    Are you really surprised that Congress does something that makes no sense? The same Congress reduced taxes, increased revenue and increased spending and debt.
     
  2. Shaul

    Shaul Well-Known Member

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    And yet the numbers don’t lie. The recent tax cuts reduced individual taxes and increased revenue simultaneously. Again, the fault of the ballooning deficits and spending aren’t the fault of the Langer curve. The Laffer curve enabled spendthrift Congresses. The tax cuts increased government revenue, but Congress spent money even faster.
     
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  3. ManSinha

    ManSinha Active Member

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    You keep emphasizing that - can you provide any evidence to support it?
     
  4. We Never Know

    We Never Know Well-Known Member

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    On one side is the argument that if you cut taxes government revenue will fall and the debt will expand. Others contend that cutting taxes stimulates the economy which, in turn, leads to an increase in government revenue.

    https://www-forbes-com.cdn.ampproject.org/v/s/www.forbes.com/sites/mikepatton/2012/10/15/do-tax-cuts-increase-government-revenue/amp/?amp_js_v=a2&amp_gsa=1&usqp=mq331AQCCAE=#aoh=15529725905014&csi=1&referrer=https://www.google.com&amp_tf=From %1$s&ampshare=https://www.forbes.com/sites/mikepatton/2012/10/15/do-tax-cuts-increase-government-revenue/

    Tax cuts are like eggs and anything else. One year they are good and the next year they are bad, then good again, then bad again, repeat.
     
    #64 We Never Know, Mar 19, 2019
    Last edited: Mar 19, 2019
  5. Salvador

    Salvador RF's Swedenborgian

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    Who Really Pays Uncle Sam's Bills?

    Government annual revenue is estimated to have increased from $3.33 trillion in FY 2018 (the fiscal year before the tax cuts and jobs act) was enacted to $3.44 trillion in FY 2019 (the fiscal year after the tax cuts and jobs act) was enacted; that's approximately an estimated 3 percent increase of tax revenue collected by the government during the first year after tax reform has taken place.
     
  6. ManSinha

    ManSinha Active Member

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    The first "real" year post the TCJA is the 2018 year for which filing is underway - I would submit that the conclusions in the article you posted are a tad premature
     
  7. ManSinha

    ManSinha Active Member

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    That is the Laffer effect that @Shaul and I were discussing - please see my post above
    One view contends that it has been discredited as is the theory of trickle down economics
     
  8. fantome profane

    fantome profane Have you read the Whistleblower complaint?
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    Do you have a source for this claim of increased revenue?
     
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  9. We Never Know

    We Never Know Well-Known Member

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    From the link I posted;


    [​IMG]
     
  10. Revoltingest

    Revoltingest Greased up & ready for action!
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    Adjusted for the dollar's inflation?
     
  11. We Never Know

    We Never Know Well-Known Member

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  12. Shaul

    Shaul Well-Known Member

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  13. esmith

    esmith Veteran Member

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    What do you mean "if":D
     
  14. ManSinha

    ManSinha Active Member

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  15. metis

    metis aged ecumenical anthropologist

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  16. ManSinha

    ManSinha Active Member

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  17. metis

    metis aged ecumenical anthropologist

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    He won't do the latter as we've seen as his new budget proposal that has that increased, but the former he's more than willing to cut with his "Let them eat cake!" mentality. He would also love to cut Medicaid plus privatize Medicare and Social Security.

    Can one imagine what would likely have happened in 2008-9 if those were privatized when the stock market took a noser? Talk about "panic".
     
    • Winner Winner x 1
  18. ManSinha

    ManSinha Active Member

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    And we all know what happened to one of the people that was reputed to originated that attitude, don't we? They do say - those who do not learn from history are doomed to repeat it
     
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  19. Audie

    Audie Veteran Member

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    I guess I am dumb and insensitive but I dont see the bigotry.

    Crude, sure. Not into nuance.

    Where did he make violent action re bigotry ok?
     
  20. ManSinha

    ManSinha Active Member

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    One instance is when James Fields, Jr drove a car into a crowd at Charlottesville killing a woman and Trump famously said that there were good and bad people on both sides
     
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