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. Bluesguy

    Bluesguy Well-Known Member Donor

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    Try to focus on the discussion instead of ad hom's which is a vilolation of the rules. The fact is the Republicans did not "cause" the recession that occurred and in fact the Democrats took control of the Congress when the economy was still going quite strong a year before the recession even started. They were in a position to pass measures to help mitigate the damage and get us into a full recovery. They failed at both even with the HUGE increases in spending and the deficits.
     
  2. rahl

    rahl Banned

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    You don't seem to get it. You are a pathetic stalker, and you follow me around and rant about off topic bullshit that has nothing to do with the thread. It's amusing.
     
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  3. rahl

    rahl Banned

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    And every time you make this moronic statement, I then come back with " what specific legislation did they pass, that bush couldn't veto, that caused the recession". Then you pretend you are fooling anyone by pretending you aren't claiming democrats caused the recession.
     
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  4. rahl

    rahl Banned

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    lol
     
  5. rahl

    rahl Banned

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    Sorry, republicans owned congress and the white house from 2001-2008, and held the white house until January 2009. it's all on republicans.
     
  6. Bluesguy

    Bluesguy Well-Known Member Donor

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    I am asking you directly about your claims the Republicans don't care about deficits and fiscal management and your claims about the budgets 2007-2009. And now your fallacious claim that Republicans held the Congress till 2008. You can run but you can't hide.

    Why don't you just answer instead of dancing around.
     
  7. rahl

    rahl Banned

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    Why do you post **** you've had refuted a 100 times in 100 different threads?
     
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  8. rahl

    rahl Banned

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  9. Bluesguy

    Bluesguy Well-Known Member Donor

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    Factually false, why are you making false claims? The Democrats took the Congress January of 2007.
     
  10. Ericb760

    Ericb760 Well-Known Member Past Donor

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    I know, right? The 90's were just awful...
     
  11. rahl

    rahl Banned

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    My bad, that was a typo on my part.

    the point remains the recession is squarely on the republicans.
     
  12. Bluesguy

    Bluesguy Well-Known Member Donor

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    It's pathetic you won't back your claims.

    Yes like then the balanced the budgets in the late 1990's early 2000' and then after the 2001 recession bringing it down to a paltry $161B. Are you still trying to blame Republicans, Bush, for not vetoing the Democrats 2009 budget which two years later had a deficit of $1,400B? Is that the not caring about deficits your are talking about?
     
  13. Bluesguy

    Bluesguy Well-Known Member Donor

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    No the point utterly fails. The Democrats took the Congress a year before the recession even began. It was up to them to pass legislation to help mitigate the damage and get us into a full recovery. They failed at both.
     
  14. rahl

    rahl Banned

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    All of my claims are backed up. Lol
     
  15. Bluesguy

    Bluesguy Well-Known Member Donor

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    It was certainly better after the Republicans took the Congress and force Clinton to sign their budgets and capital gains rate reduction and welfare reforms which ultimately produced the surpluses with record tax revenue increases. Worked again after the 2001 recession.
     
  16. Aphotic

    Aphotic Banned

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    Neither of these parties give a ****, as evidenced by their corporate donors being one and the same. Are you kidding? Let's not make any bones - the republicans are as fiscally conservative as a ****ing Ethiopian would be at the Nestle food processing plant.

    At the end of the day lines have been drawn. The GOP Party used to be the "educated elites" and "white working class" and the Democrats the "blue collar Union types" and "minorities."

    We've seen a shift in the paradigm. Now elitists are voting blue against Trump. Other elites are voting red against Hillary.

    In the end the rest of us are divided but our complaints are the same. We have the same common enemy but it seems ideology is difficult to drive out - the elites, the globalists, are the problem.

    As a Bernie bro I already knew that and so did many Trump supporters.

    The issue here is that Trump is entirely too bought by the globalists to actually be a nativist.
     
  17. rahl

    rahl Banned

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    it does not, as I keep pointing out.

    And when you make this same silly statement, I then ask you what specific legislation did they pass, that bush couldn't veto, that caused the recession. You have no answer for this, so you regurgitate some other random argument that you've had refuted already.
    .
    They tried. The only legislation to pass the house to regulate fanny and freddy was killed by REPUBLICANS.
     
  18. rahl

    rahl Banned

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    tax cuts do not increase revenues. basic math.

    The economy in the 90's was booming because of the tech boom. Revenues soared as a result.

    The economy in the early 2000s was propped up by the housing bubble, causing revenues to soar. That all came crashing down due to republican incompetence.
     
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  19. grapeape

    grapeape Well-Known Member Past Donor

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    So the right votes for the largest tax break in American history, then 2 months later passed the largest spending bill in American history that everyone agrees will cause a trillion dollar deficit this year alone. Then the Wall Street Journal published a piece that says that over 90% of the tax break has stayed at the top thru stock buybacks and increased dividends. Now we see Republican lawmakers announcing that they wont run for reelection at staggering rates (Paul Ryan just this week also), so now when their gone you can blame the left for the economic woes, just like you did with Obama. It’s laugably transparent.

    You guys did this, now OWN it.
     
  20. Marine1

    Marine1 Well-Known Member Past Donor

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    Obama Sued Citibank in 1995 Mortgage Discrimination Case: Of 186 Obama Client Homeowners Only 19 Still Own Homes – Multiple Bankruptcies

    Obama actually did have a private sector job, and he failed at that too. He filed a discrimination lawsuit on behalf of 186 clients claiming discrimination in home mortgages. Nineteen of the 186 still own a home and have a good credit rating – 19 of 186! Some of his clients are speaking out and their message: there should be a regulation against giving loans to people who can’t afford them! Obama pushed the Community Reinvestment Act, right along with Barney Frank, Chris Dodd and Maxine Waters. Democrats forced banks to give mortgages to Blacks who had no credit rating, no down payment, sometimes no job. The Bush administration tried 17 times to force Democrats to
     
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  21. grapeape

    grapeape Well-Known Member Past Donor

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    This is what I dont understand about the republian math. Somehow when you give someone $1, when they spend it it becomes $3 ?

    If you give me a dollar and I spend it, you only get a small percentage of it back in sales/excise/use taxes. So can some republican please explain how when I spend that $1 and the government gets only 5% of that dollar, how did that dollar now become $3 for the government ?
     
  22. Bluesguy

    Bluesguy Well-Known Member Donor

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    Factually wrong again we hit record tax revenue increases after the Republican tax rate cuts in 1996 and again after the tax rate cuts went into full effect in 2004. And residential housing is only 3 - 5% of GDP. Clinton's tax rate increase, during the middle of that tech boom, SLOWED tax revenue growth, it was the Gingrich/Kaisch tax rate cuts that got them back into high gear hitting double digits and with their restrained spending increases and welfare reform produced the surpluses. Clinton was along for the ride.
     
  23. Bluesguy

    Bluesguy Well-Known Member Donor

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    Well maybe you don't understand it is not just a simple math equation. There's a LOT of dynamic going on. And we can see historically that after Clinton increased tax rates, tax revenue growth slowed from 9% down to 7%. After the Republican tax rate cuts they soared to 10%. Same with the tax rate cuts in the early 2000's once implemented tax revenue growth hit a modern high of 15% and helped bring the deficit down to the last Republican $161B in 2007. Then the Democrats took the congress and two years later it was $1,400B and stayed over $1,000B for the next three years after their HUGE spending increases.
     
  24. Marine1

    Marine1 Well-Known Member Past Donor

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    Sure, that cut in taxes is bringing back many manufacturing companies that the Left said were gone and not coming back. Well they are coming back and bringing millions of jobs with them. But you don't build a factory and move equipment in, in just a few months. But when they do get set up and people hired, new taxes will start pouring in. Why should the idea on the first year losing tax dollars seem out of the ordinary to you? I would be surprised if we didn't lose it for at least the first two years.
     
  25. Bluesguy

    Bluesguy Well-Known Member Donor

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    Did you not read the OP?

    And

    Conservative group: Stock buybacks benefit workers and the economy

    The National Taxpayers Union Foundation (NTUF) is arguing in a new paperthat stock buybacks benefit workers and the economy, pushing back on criticisms from Democrats that the recent uptick in buybacks shows that the tax law predominantly benefits the wealthy and corporations.

    "Shareholder distributions such as share buybacks and dividend yield increases are not the economic sinkhole that some pundits suggest," Andrew Wilford, an associate policy analyst at the fiscally conservative group, wrote in the paper.

    "They provide meaningful income boosts to the majority of Americans with a financial interest in the state of the stock market, as well as a means of making capital investment more productive and efficient throughout the stock market," he added. "The benefits of the [Tax Cuts and Jobs Act] will be realized over the long term, and dismissing tax reform as a failure because of an uptick in stock buybacks would be a mistake."

    http://thehill.com/policy/finance/3...tock-buybacks-benefit-workers-and-the-economy

    What Do Stock Buybacks Mean for the Economy?

    Conclusion


    Shareholder distributions such as share buybacks and dividend yield increases are not the economic sinkhole that some pundits suggest. They provide meaningful income boosts to the majority of Americans with a financial interest in the state of the stock market, as well as a means of making capital investment more productive and efficient throughout the stock market. The benefits of the TCJA will be realized over the long term, and dismissing tax reform as a failure because of an uptick in stock buybacks would be a mistake.
    https://www.ntu.org/foundation/detail/what-do-stock-buybacks-mean-for-the-economy
     

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