Azalin Posted October 21, 2017 Share Posted October 21, 2017 I do support Trump's and Bannon's nationalist economic policies. I'm a retired GM worker whose factory is a ghost today. A major part of those economic policies you support are across the board income tax reductions, as well as cutting corporate taxes by nearly 50%. How is it that you are against "trickle down", when those tax policies are in fact the very essence of supply-side tax policy? Link to comment Share on other sites More sharing options...
ALF Posted October 21, 2017 Share Posted October 21, 2017 A major part of those economic policies you support are across the board income tax reductions, as well as cutting corporate taxes by nearly 50%. How is it that you are against "trickle down", when those tax policies are in fact the very essence of supply-side tax policy? I'm all for cutting corporate tax way down if they bring back outsourced jobs. Link to comment Share on other sites More sharing options...
Azalin Posted October 21, 2017 Share Posted October 21, 2017 I'm all for cutting corporate tax way down if they bring back outsourced jobs. Trump's tax proposals aren't conditional. Nothing says that the proposed tax policy will bring back outsourced jobs. Link to comment Share on other sites More sharing options...
Tiberius Posted October 23, 2017 Author Share Posted October 23, 2017 We need tax cuts to improve the economy? https://www.bloomberg.com/news/articles/2017-10-19/fewest-jobless-claims-since-1973-show-firm-u-s-job-market Filings for unemployment benefits plunged last week to the lowest level since 1973 Obama left office with a great economy Link to comment Share on other sites More sharing options...
Boatdrinks Posted October 24, 2017 Share Posted October 24, 2017 We need tax cuts to improve the economy? https://www.bloomberg.com/news/articles/2017-10-19/fewest-jobless-claims-since-1973-show-firm-u-s-job-market Filings for unemployment benefits plunged last week to the lowest level since 1973 Obama left office with a great economy Allowing middle class folks to keep more of our own money and inject those dollars into the economy is never a bad thing. Link to comment Share on other sites More sharing options...
row_33 Posted October 24, 2017 Share Posted October 24, 2017 But everybody considers themself middle class. Link to comment Share on other sites More sharing options...
Doc Brown Posted October 24, 2017 Share Posted October 24, 2017 This is old (late August) but Ann Coulter isn't too keen on Trump and the GOP focusing on tax reform. This was kind of humorous. She really wants that wall. https://www.mediaite.com/online/ann-coulter-eviscerates-trumps-tax-reform-address-in-tweetstorm-worst-most-tone-deaf-speech/ Is she right? Link to comment Share on other sites More sharing options...
TH3 Posted October 24, 2017 Share Posted October 24, 2017 Allowing middle class folks to keep more of our own money and inject those dollars into the economy is never a bad thing. Even if you are borrowing that money from the Chinese so your kids have to pay it back? Link to comment Share on other sites More sharing options...
ALF Posted October 24, 2017 Share Posted October 24, 2017 Ann Coulter ✔@AnnCoulter Bush cut taxes! Did it create millions of jobs? Nope. The rich pocketed their tax cut & sent jobs abroad, hired guest workers. F-- them. 2:58 PM - Aug 30, 2017 Ann Coulter ✔@AnnCoulter It's like Night of the Living Dead watching our beloved @realDonaldTrump go to DC & start babbling the same old GOP nonsense on tax cuts. 3:01 PM - Aug 30, 2017 This is old (late August) but Ann Coulter isn't too keen on Trump and the GOP focusing on tax reform. This was kind of humorous. She really wants that wall. https://www.mediaite.com/online/ann-coulter-eviscerates-trumps-tax-reform-address-in-tweetstorm-worst-most-tone-deaf-speech/ Is she right? Link to comment Share on other sites More sharing options...
Tiberius Posted October 24, 2017 Author Share Posted October 24, 2017 Allowing middle class folks to keep more of our own money and inject those dollars into the economy is never a bad thing. But most of the money will go to the upper classes and increase the deficit and debt Are they seriously considering cutting 401ks contribution levels?? How stupid that would be. Link to comment Share on other sites More sharing options...
row_33 Posted October 24, 2017 Share Posted October 24, 2017 (edited) Again, everyone considers themself middle class when discussing large economic outlines. Edited October 24, 2017 by row_33 Link to comment Share on other sites More sharing options...
ALF Posted October 24, 2017 Share Posted October 24, 2017 Trump promised Ann a biggly Wall paid for by Mexico and she wants it now darn it ! Link to comment Share on other sites More sharing options...
boyst Posted October 24, 2017 Share Posted October 24, 2017 Where have all these butt hurt liberals been for the last 7 yrs Link to comment Share on other sites More sharing options...
meazza Posted October 24, 2017 Share Posted October 24, 2017 This is old (late August) but Ann Coulter isn't too keen on Trump and the GOP focusing on tax reform. This was kind of humorous. She really wants that wall. https://www.mediaite.com/online/ann-coulter-eviscerates-trumps-tax-reform-address-in-tweetstorm-worst-most-tone-deaf-speech/ Is she right? Eventually she will get so angry she will melt. Thats trumps plan. Link to comment Share on other sites More sharing options...
row_33 Posted October 24, 2017 Share Posted October 24, 2017 Every tax client from $20,000 to $20,000,000 earned income sat there and complained about how he was in the middle class and how he was being destroyed by government tax policy. Link to comment Share on other sites More sharing options...
TPS Posted October 24, 2017 Share Posted October 24, 2017 Even if you are borrowing that money from the Chinese so your kids have to pay it back? Two wrongs don't make your question right... First, the Chinese are making a choice to purchase US paper in return for continuing to sell their goods to US consumers at "current prices." They accumulate $s through their trade surplus with US, and rather than sell those $s for yuan and cause the dollar to depreciate against it--which would make their goods more expensive, they CHOOSE to purchase US assets to keep the exchange rate stable. We get their cheap stuff and they get an IOU that can gives them other pieces of paper at some future date. Second, have you paid back any of the government debt that was issued when your parents were working? It never has to be paid back. Just like a corporation that can live forever does, US debt is rolled over as it matures. As the safest and most liquid market in the world, US debt is in high demand by financial institutions, wealthy investors, sovereign wealth funds, et al. As long as the US debt-to-GDP ratio doesn't get out of hand--though no one (not even Rogoff) knows what that means, the debt never has to be paid off. Now, if Trump's tax plan causes trillion dollar deficits when we're not in a recession, then it's time to worry...but not for the reasons you stated... Link to comment Share on other sites More sharing options...
row_33 Posted October 24, 2017 Share Posted October 24, 2017 There are no solutions to tax problems, every proposal is met instantly with stinging rebuttal, hard to say who is precisely right or wrong. Public perception is very important for enticing people to take their savings (or go into debt) to invest in anticipated future streams of cash flow at a profit. This leads to jobs and economic betterment for people. So cutting taxes is a good symbol that the government wants investment in the future, at the very least. but who knows... Link to comment Share on other sites More sharing options...
TPS Posted October 24, 2017 Share Posted October 24, 2017 Public perception is very important for enticing people to take their savings (or go into debt) to invest in anticipated future streams of cash flow at a profit. This leads to jobs and economic betterment for people. but who knows... What you describe leads to higher stock prices. Jobs increase as a response to increased sales. tax cuts influence job creation if those cuts are targeted at those who buy things, not assets. Link to comment Share on other sites More sharing options...
row_33 Posted October 24, 2017 Share Posted October 24, 2017 What you describe leads to higher stock prices. Jobs increase as a response to increased sales. tax cuts influence job creation if those cuts are targeted at those who buy things, not assets. There is no way that the Dems would support a GOP tax cut, even if it miraculously next day cured cancer, it will always be griping and pointing out anyone they can find who it didn't help. You also need a President who can convince the country that he is pro-business. Regan and Trump definitely, Carter and Obama not so much, Clinton surprisingly sorta but not like Reagan and Trump... Link to comment Share on other sites More sharing options...
grinreaper Posted October 24, 2017 Share Posted October 24, 2017 There is no way that the Dems would support a GOP tax cut, even if it miraculously next day cured cancer, it will always be griping and pointing out anyone they can find who it didn't help. You also need a President who can convince the country that he is pro-business. Regan and Trump definitely, Carter and Obama not so much, Clinton surprisingly sorta but not like Reagan and Trump... You redeemed yourself. Link to comment Share on other sites More sharing options...
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