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All-In [46762]
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Oculus Spirit [93567]
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You should look into the numbers and fill us in on where...
Oct 17, 2018, 9:08 AM
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the spent money went.
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110%er [6101]
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Heisman Winner [111188]
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Re: So Old GOPer's how are yall going to spin this
Oct 17, 2018, 9:17 AM
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not to worry, republicans are expected to cut both once they have full control over the senate. I know they can count on Rick Soctt's vote out of Florida if he were to take Nelson's seat. We can also expect the pre existing conditions provision of the ACA to go away.
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Legend [15730]
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Please explain this “gotcha”
Oct 17, 2018, 9:20 AM
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The GOP lowered taxes.
Unemployment is at 3.7%.
The economy is doing great.
Revenue went up after the tax cut.
WSJ reports we are the most competitive market in the world.
Our spending is still out of control.
What is incorrect about this? What is your solution? Raise taxes? And you think that wouldn’t hurt the economy and ultimately lower revenue?
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Heisman Winner [111188]
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Re: Please explain this “gotcha”
Oct 17, 2018, 9:24 AM
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raising the personal incomes of the wealthy would do nothing to hurt the economy. And I sure as heck did not need a tax cut at my salary either. And we heard for years that republicans were going to simplify the tax code and get rid of the loop holes. None of this happened.
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All-TigerNet [12851]
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the US Treasury accepts checks. you can give it back
Oct 17, 2018, 9:27 AM
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lead by example
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Heisman Winner [111188]
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Re: the US Treasury accepts checks. you can give it back
Oct 17, 2018, 9:45 AM
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that is about the most tired argument out there. Why not just really simplify the tax code and make taxes voluntary? Only policy can predictably control revenue.
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All-TigerNet [12851]
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your "unneeded" tax cut was spent Im sure
Oct 17, 2018, 9:51 AM
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supporting economic expansion which in turn created a job or three, which in turn created MORE taxpayers, which in turn INCREASED tax revenue......
OH NO YOU HELPED TRUMP
you Trumptard.
(did I say that right?)
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Legend [15730]
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Again, what was wrong about what I said?
Oct 17, 2018, 9:31 AM
[ in reply to Re: Please explain this “gotcha” ] |
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Is your argument that yes, lowering taxes raised revenue and improved the economy but I think people aren’t paying enough so I would like to raise taxes, lower the revenue and stifle the economy in the interests of fairness?
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110%er [6101]
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Oculus Spirit [81607]
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For 99% of them, it is temporary.***
Oct 17, 2018, 9:48 AM
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110%er [6101]
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Oculus Spirit [80892]
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"I sure as heck did not need a tax cut at my salary either"
Oct 17, 2018, 9:41 AM
[ in reply to Re: Please explain this “gotcha” ] |
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So you think the government knows what to do with the money you earn more than you do?
Why even get a paycheck at all? Just have the government provide your standard housing, food and weekly dose of alcohol.
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Heisman Winner [111188]
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Re: "I sure as heck did not need a tax cut at my salary either"
Oct 17, 2018, 9:52 AM
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in the case of corporations and the incredibly wealthy that stash their income over seas, absolutely.
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Oculus Spirit [80892]
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I don't know what this means
Oct 17, 2018, 10:42 AM
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But really, it doesn't matter.
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Oculus Spirit [93567]
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So what are you spending your extra money on?
Oct 17, 2018, 10:37 AM
[ in reply to Re: Please explain this “gotcha” ] |
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Of course your take home pay didn't go up much. That is not a reflection on the billions upon billions the tax cuts to middle class and poor will go back into the economy.
You're implying that if your tax cuts had been greater you'd be fine with the tax cuts so I'll ask. Do you want your taxes raised or do you want them lowered?
I have another question, are you stupid enough to believe that either party is going to raise taxes on the rich enough to pay down our deficit or reduce the balance between Gov income and spending? What do you want? You want to pay lower taxes thinking that will fix the deficit?
I didn't take you for being stupid so you should drop out of this thread before you show me wrong.
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110%er [6101]
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Orange Blooded [2685]
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deficit doomer here
Oct 17, 2018, 10:32 AM
[ in reply to Please explain this “gotcha” ] |
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deficit will be over a trillion dollars for first time since 2012
spending is still way out of control despite all the tea party promises
we are in peace time and not in a recession
current economic success was built on massive credit whose bubble can burst anytime (not a good outcome)
thanks to years of QE there is no leeway in monetary policy to avoid significantly devaluing the dollar
corporate tax cuts didn't result in higher employee wages because companies used them to buy back shares shareholder equity has had the best outcome in this economy
what is actually being built with all of these tax dollars?
I don't care about a phony #### wall so don't even go there.
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Legend [15730]
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No argument with any of that.***
Oct 17, 2018, 10:37 AM
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110%er [7167]
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This is the con
Oct 17, 2018, 10:38 AM
[ in reply to Please explain this “gotcha” ] |
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Any loss of revenue from the drop in tax rates was supposed to be made up for by economic growth. This is always the big talking point for tax cuts. Spending as a share of GDP actually went down, but shocker, revenue as a share of GDP went down more.
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Legend [15730]
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So what? Who gets paid in “percent of GDP”?***
Oct 17, 2018, 10:51 AM
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Orange Blooded [2685]
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trillion $ tax cuts were used for share buybacks
Oct 17, 2018, 10:53 AM
[ in reply to This is the con ] |
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maybe some of that money will find its way into building jobs or paying higher wages, but vast majority was used to return equity to shareholders. Unfortunately shareholders are a relatively small fraction of the American public.
In general, the tendency is to preserve and hoard equity, not sell it off in order to start new businesses to create more jobs. This is the fallacy and why most wealth is captured by 1% of the population.
In the end it doesn't trickle down or translate into anything substantial that would grow the economy.
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All-TigerNet [12851]
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well its true....
Oct 17, 2018, 9:26 AM
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We are bringing in Record tax revenue after tax cuts.
So where do we cut?
These are old numbers but the percentages should be close
Mandatory spending accounts for 64% of total budget
Medicare and Social Security account for 87% of mandatory spending
so yes, Medicare and Social Security account for more than half of federal spending.
https://www.nationalpriorities.org/budget-basics/federal-budget-101/spending/
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Orange Blooded [2685]
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that is called a bait and switch
Oct 17, 2018, 10:37 AM
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do you really think these politicians would have been elected if they had promised to pay for corporate tax cuts by cutting social security, medicare and medicaid?
Funny, I don't recall hearing that at all from McConnell, Ryan or Trump. Now they want to come after the only thing helping most Americans survive.
Good luck with that Glen.
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Oculus Spirit [93567]
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Robert has a transmission issue.
Oct 17, 2018, 10:41 AM
[ in reply to well its true.... ] |
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He seems to forgets to shift his mind into gear before he puts his mouth in motion. I think it's a slipping clutch which has created a hot spot on his flywheel because his pressure plate is weak.
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CU Medallion [73569]
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considering tax revenue is at record levels
Oct 17, 2018, 12:30 PM
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he is probably half right. I'd say the other reason is the pubs are spending like ######
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Heisman Winner [111188]
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Legend [17999]
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McConnell has given this gift to the dems to run with...
Oct 17, 2018, 3:01 PM
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I wonder how badly the dems will screw it up by focusing on something less effective...
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