US manufacturing survey shows worst reading in a decade

Certainly they do especially capgains. Tax capital out of the market and you hurt expansion. Just ask Bill Clinton or John Kennedy.

 

Naw, temporary blips.

 

I would be more impressed if you actually did a modicum of research before posting.

A global slow-down has been underway for some time, and it has nothing to do with Trump, but thanks for the hysteria nonetheless.

European Manufacturing Slump Keeps Economy Under ...
https://www.bloomberg.com › news › articles › european-manufacturing-sl...
Aug 1, 2019 - Manufacturing in the euro area shrank for a sixth month at the start of the third quarter, dragged down by Germany's worst slump in seven years.

Europe's manufacturing slowdown shows no sign of letting up ...
https://www.economist.com › finance-and-economics › 2019/09/26 › euro...
Sep 26, 2019 - Germany is worst-hit, and may already be in recession.European manufacturing | Financial Times
https://www.ft.com › indepth › europe-make-or-break
European manufacturing ... European factory activity shrinks at most rapid pace since 2012 ... Australia seeks investment from European electric carmakers.Europe's manufacturing sector is spiraling downward. And ...
https://markets.businessinsider.com › News › Stock News
6 days ago - Europe's economy looks increasingly likely it is headed towards a recession, as data released on Tuesday shows that manufacturing is at its lowest level since the last financial crisis in the eurozone. ... The Purchasing Managers Index, or PMI, is a tool used by economists to survey the health of the economy.
Eurozone economy slows amid trade decline and Brexit fears ...
https://www.theguardian.com › business › sep › eurozone-economy-slows-...
Sep 23, 2019 - German private sector shrinks, contributing to wider manufacturing recession. ... The euro dropped sharply against the dollar on the news, to $1.097, ... the slowdown in the eurozone's largest economy justified the European ...

 

Yes we have had rate increases which drive the linear down.

But explain how taking capital out of the market through tax increases grows the economy.

Here is what the Joint Economic Committee of Congress found

Macroeconomic Effects. Economist Allen Sinai maintains that a capital gains tax reductionwould lower the cost of capital, boost investment, and stimulate economic growth. He estimates that acapital gains tax reduction could:

⇒ increase real gross domestic product (GDP) by an average of $51 billion annually;
⇒ create 500,000 new jobs by the year 2000; and
⇒ increase real business spending by an average of nearly $18 billion annually.

and



These conclusions largely conform to the findings of other studies which have analyzed themacroeconomic effects of a capital gains tax reduction. Most economists now agree thatreducing the capital gains tax rate would encourage investment, boost productivity, raise livingstandards, and stimulate economic growth.
chrome-extension://oemmndcbldboiebfnladdacbdfmadadm/https://www.jec.senate.gov/public/_cache/files/b3116098-c577-4e64-8b3f-b95263d38c0e/the-economic-effects-of-capital-gains-taxation-june-1997.pdf

 

Imagine if more of the European countries would adopt more Trump like economic policies and get their economy back on track. And yet the Dems want to emulate THEM.

 

If you want to drive the economy you put the money where it will be spent driving demand.
If there is not demand the money will not be spent on expansion. It's the same reason isolationism doesn't work.

 

Right...demand without credit or cash amounts to nothing...and if you can't sell what's already on the shelve, why would any distributor buy more and why would any manufacturer produce more?

 

I don't know where you got that one, but the data doesn't support it either.
The highest revenue to GDP occurs at around 50% as the top bracket.

 

Note that "economic growth" depends upon more than low taxes. Investment decisions generally look into the future and consider factors such as market size, infrastructure, demographics, etc. Unlikely that ANY single variable can predict growth.

 

the Joint Economic Committee of Congress and we aren't talking tax revenue as a percent of GDP but actual GDP why the shift here?

 

Like demand to expand and create jobs, you can't meet demand without the capital to do so. Take that capital out of the market and there is no expansion or investments into productivity and improvement. Just look at the difference in realizations at the various tax rates.

 

That's a **** argument.

I said the GOP tax cut created no new incentive to spend the extra money gained by the top income owners in the country. Small business owners who got more money had no additional reason to hire more people or to expand their business. They could just buy more stocks or save the money.

 

You think trade declines have little to do with trump - the guy who has launched trade wars and imposed new tariffs on about half the world?

 

We already established tax rates don't effect GDP.
Your site said tax cuts increases revenues. They do not when you factor in GDP. The sweet spot for revenue is about 50% top bracket.

 

Complete and utter nonsense!

Increasing taxes on the wealthy is an INCENTIVE for them to invest more and grow the economy.

 

Exactly. If, because of the tax cuts, I have more take home pay, why work harder? Why hire more people? Just pocket the windfall.

 

Why care about his polling numbers over a year out when they couldn't come close two weeks out last time?

 

Polling today dictates what happens today. And decisions on impeachment are being made today.

 

How does taxing the capital from them enable them to invest more?

 

Taxing capital gains income means that if they want MORE INCOME then they have to be willing to INVEST MORE of their capital in NEW VENTURES.

The nefarious GOP taxcut fiscal malfeasance has all but gutted the venture capitalists appetite for risk.

Why take any risk when the GOP is just going to give away BILLIONS of taxpayer dollars to the wealthy without them having to lift a finger.

 

Polling today wants the Bidens investigated for their Ukraine and China involvement.

Yes, decisions made in the committee that does not hold impeachment jurisdiction, by only Democrats, behind closed doors and without releasing the transcripts of testimony. We know


You dems still interested in other countries involvement in the 2016 election?

 

You've established nothing and the goal is to grow the economy faster than we grow the government and therefore lowering tax revenues to GDP. The government does not have a claim to a certain percentage of GDP and the less it takes of it the better for economic growth.

 

No, a plurality of voters do not support pursuing those conspiracy theories.

There is no such thing as "impeachment jurisdiction" and if you want those transcripts disclosed to the public, tell trump to stop claiming executive privilege.

You repubs still interested in blaming everyone else for the corrupt and illegal behavior perpetrated by trump and the russians?

 

How when the government has taxed it away?

The fiscal malfeasance of the Democrats and clearly stated intentions to gut the capital markets and gut the profits of private businesses and tax away wealth has all but stopped investments for future growth.

How is money being "given away".

 

Kneejerk denialism and asinine whataboutism has effectively disqualified you from any further meaningful interaction on this topic as far as I am concerned!

Have a nice day!