Posted on 01/14/2017 11:39:17 AM PST by 2ndDivisionVet
Well, we could continue the sure-bet socialist plan of taxing and spending ourselves into oblivion. /s
Double talk that gives smoke and mirrors a bad name. I opposed it when Clinton and 0bama proposed it. I oppose it now.
Best election ever! ;-)
BLESSED is the nation whose GOD is the LORD. PSALM 33:12
GOD makes all things possible.
He’s spending a trillion on infrastructure over a number of years.
Let’s see how much he slashes the budget before we reach conclusions.
The WASTE alone in medicaid, welfare, IRS, fraud, etc. is in the hundreds of billions.
Their proposals may have sounded a bit like his, but taking CNBC's interpretation as the gold standard is always a mistake - they flail with twisted "logic" and an attempt to skew his actual intentions and ignore other things that he plans to do.. They are trying to say we should stick with what has already been proven as a failure just in case all the failures to date have been flukes....
JFK showed that lowering taxes increases tax revenue.
This article is a waste of ink......
Did he get the date correct?
Cutting tax rates increases Federal tax revenue over time.
Reagan’s tax cuts dramatically increased Federal tax receipts.
The federal government is not "the country". The wealth of the people matters more than the wealth and power of the politicians at the top.
Tricks??
Hey, anything Trump does will be far better for everyone than the past Obama 8 years that have added more debt to the Nation, than any other President in History.
Obama has been a complete Failure and an Economic Disaster for the Nation. Obama will go down in History as the absolute worst President of all time. Not to mention the most uncooperative and LYING President to ever hold office.
Many states have Tax Increment Financing (TIF) incentives that may be well-intentioned but at least here in IL, are often abused. The basic idea is the same as explained in this article:
“Make improvements that, when completed, will generate more income (in this case, infrastructure to improve commerce)
These new improvements will lead to more business, which will generate more cash flow (in this case economic growth)”
In theory, TIF could be used to build new infrastructure, such as a new wastewater system, to alleviate flooding that is preventing a property from being developed.
THe problem with TIF is that the rules about what the money is spent on are so loose that money is often wasted or channeled to cronies that don’t do anything in the public interest, such as consulting or “marketing” rather than making actual tangible improvements. And there are a lot of other issues.
I think Trumps approach will bypass these pitfalls by leveraging private investment and having “extreme vetting” of projects so the chance for waste and abuse will be minimal.
And there needs to be accountability for results. Business keeps score and rewards or punishes. Government just says “Well we tried...”
What fraction of labor time in the U.S. is wasted on nothing at all.
Author is clueless and has not listened to trump.
Trump is going to restore the import tariffs to stop the off shoring and bring back jobs. That raises revenues in multiple ways.
He is going to stop the illegal immigration which will reduce the labor supply and drive wages up. That will drive
Up income tax revenue.
He is going to allow companies to bring home cash that has built up overseas to invest it here.
Yes he has an infrastructure plan but that is a short-term fix for unemployment.
He will be cutting government.
How can the author miss all of this and call themselves a journalist???
Pretty sloppy editing and proofreading, by a major media source.
First line, January 20th 2016 SHOULD BE January 20th 2017.
I opposed it when Clinton and 0bama proposed it. I oppose it now.
I am inclined to agree although I understand what he is trying to do and feel it will be far more effective than what she would have done.
I don’t believe we need a huge stimulus or more government spending. Business has to believe that we are headed into a good environment with fewer regulation and burdens - it is already happening. The free market will do the rest. I don’t trust congress with spending my kids future on stimulus or any other craptastic idea they come up with. It always goes to their friends with minimal effect for the rest of us.
He begins with the great lie, namely that reducing tax brackets and rates, the Fed will take in less money. Just the opposite has been proven. So there’s not much sense in reading beyond that whopper.
All valid points, but the main problem with “stimulus spending” by government is that it is borrowed money and it is spent by congress. It never does what it promises.
Stimulus spending is about as effective in changing our lives as the 25 cent toy in the machine next to the cash register is in changing my kids life. That has been the history of “stimulus spending” for me. Lots of bling and promise and a fleeting moment of satisfaction.
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