GOP TAX PLAN

[detbuch]

Originally Posted by spence

No, these bills as written now will do real structural harm...it's going to be a decade at least before we could even begin to repair. Get ready for 2 trillion dollar deficits as the new normal.

Which "structure"? The Progressive structure certainly hasn't been supported by balanced budgets. Is there something you would like to see repaired in the Progressive structure? Other than that politicians should act what you consider "responsibly"?

I'm still waiting for anyone to show me how giving corporations already making record profits a lot more money, and creating record deficits in the process, is going to create growth or lead to higher wages.

So should the tax plan include a proviso that corporations making record profits (in inflated currency) should not participate in the lowered tax rates that other corporations and businesses will get?

Where's the expert testimony? Where's the CBO analysis? The lack of thought going into this tax plan appears to just highlight the ruse, it's a payback scheme for years of Republican political support.

Testimony?? What . . . is this a trial? So you're saying that no so-called "experts" contributed to the tax plan? How often has the CBO been wrong? You're either very cynical or very partisan. Or you just like to rant.

[Got Stripers]

Originally Posted by detbuch

Or you just like to rant.

[detbuch]

Originally Posted by Got Stripers

Right back at ya. Spence likes to refer to posts he doesn't refute as rants. I threw that tidbit right back at him. And to anyone else who deflects merely by characterizing a post as a rant.

[spence]

Originally Posted by detbuch

Which "structure"? The Progressive structure certainly hasn't been supported by balanced budgets. Is there something you would like to see repaired in the Progressive structure? Other than that politicians should act what you consider "responsibly"?

Sound logic. It's like, we're already screwed so let's just make the problem worse.

So should the tax plan include a proviso that corporations making record profits (in inflated currency) should not participate in the lowered tax rates that other corporations and businesses will get?

Corporations today on average are not over taxed. How about you apply revenue to things that will make the country stronger like infrastructure, research, education and debt reduction.

If there are variations in the tax code more favorable to one industry or not...then propose reform.

Testimony?? What . . . is this a trial? So you're saying that no so-called "experts" contributed to the tax plan? How often has the CBO been wrong? You're either very cynical or very partisan. Or you just like to rant.

if you're so confident in the tax proposals promoting long-term growth wouldn't you bring the economists before congress to participate in a bi-partisan discussion?

Crickets.

[detbuch]

Originally Posted by spence

Sound logic. It's like, we're already screwed so let's just make the problem worse.

Wasn't an exercise in logic. I asked you three questions. If this is your answer, it sounds as if you prefer to stay screwed. And there is a dispute about whether the tax proposal will "make the problem worse" or make a less of a problem.

Corporations today on average are not over taxed. How about you apply revenue to things that will make the country stronger like infrastructure, research, education and debt reduction.

What standard are you applying? "On average," even if that were true, means that half are overtaxed, or that half the countries tax less. Either is a problem that can be fixed by taxing less.

And how about applying the taxes with which you seem to think are now adequate (or do you want them to be higher?) to pay for those things you listed? How much of the "stimulus" went to infrastructure as was promised? Why is the federal government funding education? When does the federal government, now or ever since Coolidge, apply revenue to debt reduction in a meaningful way except to just pay the interest on the debt?

And doesn't making the private sector "stronger" make the country stronger? Well, no, not in a Progressive structure.

if you're so confident in the tax proposals promoting long-term growth wouldn't you bring the economists before congress to participate in a bi-partisan discussion?

Crickets.

Bring your tax proposal before Congress in a bi-partisan discussion? That would be the surest way to trash it. The opposition party, in our time, is diametrically opposed to the other. Each party scrambles to get enough of a majority so that it can ram its agenda through without the squelching charade of a bi-partisan "discussion." Get serious.

Anyway, as it is, the GOP keeps caving, due to partisan pressures, on its initial proposals. I really liked the original idea of a 15% corporate tax rate, or less. Was very disappointed when that figure went up.

[scottw]

Originally Posted by detbuch

Bring your tax proposal before Congress in a bi-partisan discussion?

yup..I like the Pelosi legislative method..."you need to pass it to find out what's in it"....or John Kerry " I'll tell you my plan to fix everything if you elect me first"

[wdmso]

Fun facts : what economist think about the GOP tax plan

[spence]

Originally Posted by wdmso

Fun facts : what economist think about the GOP tax plan

Clearly they only asked liberal economists.

[spence]

Originally Posted by detbuch

And there is a dispute about whether the tax proposal will "make the problem worse" or make a less of a problem.

I have yet to see a single credible analysis that shows long-term growth. Everything is based on faith.

Anyway, as it is, the GOP keeps caving, due to partisan pressures, on its initial proposals. I really liked the original idea of a 15% corporate tax rate, or less. Was very disappointed when that figure went up.

Yes, let's borrow even more money to fund the elite. Feed the sparrows by feeding the horses right?

[scottw]

"economists" are wrong more often than Spence...and that's a LOT!