Taxes And Spending

I'm sorry you find empirical economic data equitable to flat earthers. Reality remains the same. Every economic metric has remained on the same upward unchanging trend since 2010. Trumps tax cuts have had no effect, other than slashing revenue and exploding the deficit. We got a short term sugar high bump in GDP for 2 quarters. That's it.

 

Then as a financial wizard, you should offer your services to the government and straighten things out. I mean you have obviously researched this on the internet, so what more could there be?

 

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Unless you're on the wrong point on the Laffer curve which we have proven to be experts. Yes, Trump's tax cuts have worked wonders on the deficit. For some it's always a matter of -- we spend too much. FACTOID we always spend too much. We're not an economy of 200 million people that never grows. We are now an economy that has grown to 340 million. So has our spending.

The jobs picture has helped reduce some of the deficit but not significantly. If we hit another 2007 we won't have a spare dime to bail us out of a depression.

 

Not if the thing you’re applying the collection rate to changes. Mathematical fact.

 

It seems everyone but Reagan republicans know this already. We’ve been trying to warn you for decades. You just never listen when you are in power.

 

And it didn’t change,‘hence we collected less revenue than we otherwise would have.

 

Aaaand..... the world will end in 12 years if we don't ground all airplanes, cars, and rebuild every building on the planet.

Seems there is a bit of credibility gap when talking with people who believe they know everything.

 

We have 40 years of data showing it doesn’t work lol.

 

Only for those not taking the effects of the tax cut into account and dismiss the increased federal tax revenues. The economy is not a zero sum game. You should do some reading.

 

Apparently it did if we dropped the rate and increased revenue. I think it’s important to factor in changing incomes, deductions, economic growth and the sectors it’s occurring in, income averaging, and all the other things that change the true taxable income your changing rates are applied to.

 

they were taken into account. There is almost no measurable effect on the economy from trumps tax cuts. We got a slightly higher GDP for 2 quarters, and that was it. Revenues are less than they would have been had we not cut taxes.

I have. That's how I know the tax cuts reduced our revenue, and had no effect on the economy. Just exploded the deficit.

 

We know it didn't. Revenue increases year over year, every year unless there is a recession.

all of which have been on the same unchanging trend line since 2010. The tax cuts had no effect on any of that.

 

Bwahahahahaha! That's funny right there.

 

I think that the most common and versatile weapon in the democratic arsenal is- Denial. Can be used on any occasion for any purpose. They don't seem to tire of the monotony in using it either.

 

Then they blame others for what they have done.

 

You missed the Democrats 10% spending increase 2008 and then 20% increase 2009 taking the previous Republican deficit of $161B to $1,400B in just two years and keeping it over $1,000B for the next three years? That was borrowed money.

The OP is correct it is not a revenue problem and the tax rat cuts worked, again. It's spending and we certainly hear nothing about curbing spending by any of the Democrat candidates except for maybe Bloomberg but the Democrats will reject him.

 

Trump and the Republicans held the White House and Congress for two years and continued with record spending bills. Roses grow from the asses of neither party when it comes to spending.

 

Yes, because taxable income increased. Decreasing a rate can increase taxable income.

It’s my belief tax cuts prevented a recession which you just stated would decrease taxable revenue. You are presenting a circular argument where you assert something and then claim that assertion doesn’t exist.

 

It's just empirical economic fact.

 

The income after the tax cut went up slightly. The deficit was not due to the tax cut. It was due to spending too much money.

 

there is nothing circular about my argument. We can see the economic data and the trend line from 2010 to present. That trend line did not change after trumps tax cuts. All that happened is the deficit exploded.

 

and the tax cut, as we collected less revenue than we otherwise would have.

 

And you missed what I pointed out and the fact that the Democrats will increase spending EVEN MORE, just listen to them and their HUGE spending proposals. I'm all for voting out the RINO's and voting in more fiscal conservatives who will restrain spending growth and keep passing pro-growth economic measures. You REALLY are asserting the best be to get that is by electing progressive Democrats?

 

Quantitative easing... we just did it again this September but not many people noticed