Trumps tax proposal

[Jim in CT]

Originally Posted by JohnR

Curious - I don't think he'll get those deep cuts - just a start point for negotiations.

At what point do the tax cuts stimulate the economy enough to offset the cuts?

I see no real spending cuts attached to this

No one knows for sure why some cuts are stimulative, and why some just decrease revenue.

I've seen quite a few economists ay that the cut in corporate tax rate will pay for itself, because huge sums of corporate money will come back here that is now parked overseas. If he gets the cuts, we will see. If they don't work, we will know it didn't work.

No, he's not talking about massive spending cuts to offset it, because he is saying it will spur growth to pay for it. That's what happened, presumably, when Clinton and Bush cut taxes, because those cuts were irrefutably followed by increases in tax revenues collected, not decreases.

[wdmso]

That big of a cut sound good back to trickle down to bad US companys have shown that non of that money will go to improved wages better benefits or more Jobs... it will just boost share holders and CEO pay our their own pockets ...
and most do not pay the 35% rate now

Owner of Nick's Roast Beef sentenced for skimming nearly $6 million over 6-year period http://www.masslive.com/news/index.s...beef_sent.html


tax cuts will pay for themselves.. Conservatives unicorns

and now the deficit isn't a concern for some

and the Avg American whats he or she get in dollars or infrastructure we dont get much now at the current Rate ?

We'll wait and see the details

[JohnR]

Originally Posted by wdmso

That big of a cut sound good back to trickle down to bad US companys have shown that non of that money will go to improved wages better benefits or more Jobs... it will just boost share holders and CEO pay our their own pockets ...
and most do not pay the 35% rate now

And what if it creates jobs? What is your economic solution?

Originally Posted by wdmso

Owner of Nick's Roast Beef sentenced for skimming nearly $6 million over 6-year period http://www.masslive.com/news/index.s...beef_sent.html

Good. Let 'em go to jail. Law = Enforced

Originally Posted by wdmso

tax cuts will pay for themselves.. Conservatives unicorns

and now the deficit isn't a concern for some

and the Avg American whats he or she get in dollars or infrastructure we dont get much now at the current Rate ?

We'll wait and see the details

Geee - some of us have been harping on the deficit for a long time and have not stopped

[Jim in CT]

Originally Posted by wdmso

That big of a cut sound good back to trickle down to bad US companys have shown that non of that money will go to improved wages better benefits or more Jobs... it will just boost share holders and CEO pay our their own pockets ...
and most do not pay the 35% rate now

Owner of Nick's Roast Beef sentenced for skimming nearly $6 million over 6-year period http://www.masslive.com/news/index.s...beef_sent.html


tax cuts will pay for themselves.. Conservatives unicorns

and now the deficit isn't a concern for some

and the Avg American whats he or she get in dollars or infrastructure we dont get much now at the current Rate ?

We'll wait and see the details

Have you ever worked in the private sector as an adult?

"to bad US companys have shown that non of that money will go to improved wages better benefits or more Jobs"

That is demonstrably false. After the Clinton and Bush tax cuts, there was a time when unemployment was so low, that my dog could have walked into Wendy's and walked out an assistant manager. Look it up. If businesses can invest in themselves and grow profitably, they have every conceivable incentive to do so.

"it will just boost share holders"

Which includes everyone who has an IRA or a 401(k),

"Owner of Nick's Roast Beef sentenced for skimming nearly $6 million over 6-year period "

So what? You saying bad people only exist in business? There has never been a prison guard arrested for a felony?

"tax cuts will pay for themselves"

FACT...tax revenues collected, increased after the Clinton and Bush tax cuts. That is plain fact. It doesn't always work that way, but you can't say that tax cuts never pay for themselves. You are entitled to your own opinions, you are not entitled to your own facts.