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.
JFK showed that lowering taxes increases tax revenue.
This article is a waste of ink......
Did he get the date correct?
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.
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.
These guys refuse to learn from Reagan. Reducing stifling tax rates increase revenue because it increases business activity, causes now businesses to be built or relocated from offshore. These people think that the income tax at 100% would raise revenue to equal all the taxable income every year and the taxable income would not be reduced. They think that revenue will actually increase from year to year because people will work ever harder trying to maintain their lifestyle. These people have post graduate degrees.
I am not certain why this bozo thinks the bond market is "usually the smarter market", but for the pat 100 years long term stock returns have been better than bond returns.
And, the reason bonds are seeing higher interest rates is the Fed raising rates, which is not because of the "risk in Trump's strategy." I suspect the Fed is about to go to war with DJT and try to kill the recovery he is trying to give us. Epic battle. I am rooting for Trump.
Good luck with that. We've been using debt to hold the line for decades. .