Trump plan to cut taxes for middle income Americans

Frederick Foresight · Sep 30, 2015

achilles28 said:
That's true. Deficits create false economic activity. If revenues are up on high deficits, it paints a false picture. Much like the "Strong" economy of today.

I think you've just summed up Reagan's "economic miracle."

Frederick Foresight · Sep 30, 2015

Ricter said:
Yeah, sure, the revenue timing works differently, according to how you need to prop up your story. It was "delayed" here, but it's still because of tax cuts, and it was rapid there, because of tax cuts.

When it comes to facts, jem takes no prisoners.

Frederick Foresight · Sep 30, 2015

achilles28 said:
Trump is either very smart, or stupid. He knows the tax cuts won't be offset by future revenue from growth immediately. He's going to cut government expenditures drastically. This doesn't sell in Washington or to the underclass. Looks like he's gonna try and sneak this through.

Then so much for all that "straight talk" you admired so much, eh?

fhl · Sep 30, 2015

Can you see the maneuvering here that's already taking place? Small republican deficits were horrible. Obama's trillion dollar deficits not big enough. And now they're setting the stage for a possible republican admin with deficits are horrible again. So predictable.

Wait till you see what they have in mind for monetary policy if there's a republican in the white house.

Frederick Foresight · Sep 30, 2015

fhl said:
Can you see the maneuvering here that's already taking place? Small republican deficits were horrible. Obama's trillion dollar deficits not big enough. And now they're setting the stage for a possible republican admin with deficits are horrible again. So predictable.

Wait till you see what they have in mind for monetary policy if there's a republican in the white house.

Who are "they?"

achilles28 · Sep 30, 2015

Frederick Foresight said:
I think you've just summed up Reagan's "economic miracle."

Also gw and Obama. Permabulls attack me when I point it out. The economy has been very weak since 2008. Never recovered

achilles28 · Sep 30, 2015

Frederick Foresight said:
Then so much for all that "straight talk" you admired so much, eh?

Politicians can't get elected running on a small government platform. Donald is being strategic. Every politician has a public and private agenda. Too much underclass, corporations, and bearucrats at the trough. In all likelihood Donald cuts taxes, then announces phased budget reductions. When he cements the nomination he'll start dropping hints. Like the budget has to be cut. Etc

achilles28 · Sep 30, 2015

fhl said:
Can you see the maneuvering here that's already taking place? Small republican deficits were horrible. Obama's trillion dollar deficits not big enough. And now they're setting the stage for a possible republican admin with deficits are horrible again. So predictable.

Wait till you see what they have in mind for monetary policy if there's a republican in the white house.

I think there's an outside chance this happens under a trump administration. Donald could stab us all in the back buts he's a deficit hawk and running on a populist America first platform. Putting up walls and tariffs while piling on the debt at these levels is really incongruent, from a patriotic angle. He knows this. He may sell us all out. It's in the cards. Just like the last four presidents have.

jem · Sep 30, 2015

the reality is bush, reagan, kennedy and mellon tax cuts were followed shortly by an increase and revenue... the left is so starve for facts that try and create a win out of at best an extra year. if the first round of cuts was legislated in 2001 and the revenue increase hit in 2004... we are talking about 2 tax years and then boom 40 percent higher revenues. With the rich paying more.

leftist ideas and economics just don't work in real life. tax cuts are followed by tax revenue increases in US economics.

Ricter · Sep 30, 2015

jem said:
the reality is bush, reagan, kennedy and mellon tax cuts were followed shortly by an increase and revenue... the left is so starve for facts that try and create a win out of at best an extra year. if the first round of cuts was legislated in 2001 and the revenue increase hit in 2004... we are talking about 2 tax years and then boom 40 percent higher revenues. With the rich paying more.

leftist ideas and economics just don't work in real life. tax cuts are followed by tax revenue increases in US economics.

False.

http://rricketts.ba.ttu.edu/Tax Rates and Revenues.htm