Omnibus Spending Atrocity

[Tony Stark]

Lower taxes increase Government revenues

Temporarily.Once bad economic times hit you get 1.4 and 3.1 trillion dollar deficits

Unlike tax cutting republicans No democrat president has ever increased the deficit from a 200 billion surplus to a 1.4 trillion dollar deficit(Bush) or a 600 billion dollar deficit to a 3.1 trillion dollar deficit.

 

[Tony Stark]

Lower taxes increase Government revenues

Revenue increased 73% under Clinton,6% under Bush

Revenue increased 58% under Obama,22% under Trump

 

[Arnie]

What’s wrong with bee friendly highways?

Lets hope it isn't a repeat of this...

BIRD MORTALITY ASSOCIATED WITH HIGHWAY MEDIAN PLANTINGS

 

[Tsing Tao]

Revenue increased 73% under Clinton,6% under Bush

Revenue increased 58% under Obama,22% under Trump

Its not instant. Tax cuts made right this minute won't show in increased GDP for some time.

 

[UsualName]

Its not instant. Tax cuts made right this minute won't show in increased GDP for some time.

It’s funny how that works, Republican tax cuts show up as revenue increases in democrat budgets. It’s like a magic trick. Presto change-o, republicans are actually successful when you attribute democrat’s successes to republicans. Amazing!

 

[Cuddles]

It’s funny how that works, Republican tax cuts show up as revenue increases in democrat budgets. It’s like a magic trick. Presto change-o, republicans are actually successful when you attribute democrat’s successes to republicans. Amazing!

Please tell me no one is stupidly defending Trump tax cuts?

 

[Tony Stark]

Please tell me no one is stupidly defending Trump tax cuts?

Bushes tax cuts are even worse.

Government revenue for Clintons last budget was 1.99 trillion,and of course something that is mostly mythical,a US budget surplus.

Government revenue for Bushes last budget was just 2.1 trillion,an increase of only 300 billion from when he took office,and of course the massive 1.2 trillion dollar deficit he left behind after coming into office with a 100 billion dollar + surplus

For comparison purposes revenue was 2.1 trillion when the tax increasing Obama came into office and 3.3 trillion when he left and deficit 685 billion compared to 1.2 trillion when he came into office.

Tax cutting Bush 300 billion dollar revenue increase( while increasing the deficit 1.3 trillion dollars)

Tax raising Obama 1.2 trillion dollar revenue increase (while cutting the deficit in half)



And republicans call themselves the party of fiscal responsibility while claiming Dems are the party of fiscal irresponsibility

 

[Tony Stark]

Tax cutting Bush 300 billion dollar revenue increase( while increasing the deficit 1.3 trillion dollars)

Tax raising Obama 1.2 trillion dollar revenue increase (while cutting the deficit in half)

And republicans call themselves the party of fiscal responsibility while claiming Dems are the party of fiscal irresponsibility

To be fair republicans are the party of fiscal responsibility...when a democrat is president.

 

[Tsing Tao]

It’s funny how that works, Republican tax cuts show up as revenue increases in democrat budgets. It’s like a magic trick. Presto change-o, republicans are actually successful when you attribute democrat’s successes to republicans. Amazing!

You're trying to get me into a flame war with you, aren't you. You prefer we drop civility and go back to lobbing grenades at each other, right?

Because I didn't say any of that. All I said was tax cuts aren't instant - and they have a lagging effect. Sometimes that lagging effect goes across administrations.

If you prefer we go back to the lack of civil responses for each other, which will invariably end up with you running away to the ignore function, we can do so. Honestly, I don't prefer that.

 

[UsualName]

You're trying to get me into a flame war with you, aren't you. You prefer we drop civility and go back to lobbing grenades at each other, right?

Because I didn't say any of that. All I said was tax cuts aren't instant - and they have a lagging effect. Sometimes that lagging effect goes across administrations.

If you prefer we go back to the lack of civil responses for each other, which will invariably end up with you running away to the ignore function, we can do so. Honestly, I don't prefer that.

Im certainly not trying to flame it’s just your argument that republican policies show up in democrat administrations seems a bit convenient.

Tax cuts have a near term impact. The problem with republican tax cuts is they tend to give the lions share to the Uber wealthy and corporations. These groups tend to have a closed economy of money movement from one to the other and not in the market economy. Stock buy back’s benefit the wealthiest Americans who own 87% of all stock. Or tax cuts on billionaires don’t translate into more F 150 sales. It’s two different economies and the economy of the wealthy doesn’t translate into higher gdp or tax revenue. I’m sorry to say it’s a myth.

Take a look at the past 2 Republican tax cuts under Bush and Trump and ask yourself who benefited? It’s obviously not the working class in any meaningful way.