Posted on 09/30/2015 12:13:24 AM PDT by Berlin_Freeper
Tax cuts
Increased jobs
Increased tax revenue
Reduction in deficit spending
Pay down the debt
We have 40 million plus out of work today. I haven’t looked up the numbers recently, but that’s about 25% of the workforce.
Imagine tax revenue going up by 33%.
That fixes the deficit, the infrastructure, Social Security, Medicare, and the Military. Go after the waste in Welfare, pay down the debt.
At the same time, start a new program to take Social Security and Medicare out of the government’s hands.
Unfunded mandates could be a think of the past in about 30 years.
Some of the old system would straggle on, but we could have people retiring under a new SS plan in about 30 years if we got to work and implemented a plan. They may opt to work until a 40 year career, but it would be by choice.
A husband and wife under a new retirement plan that replaced SS, could retire in real comfort after 30-40 years and be very well off.
s/b "Current Tax Structure Will Cost Taxpayers Trillions of Dollars"
This is a static analysis that presupposes no increased economic activity by virtue of higher capital formation through savings, and elevated consumer spending. There is simply no way for economic benefit not to accrue to the private sector with a tax cut of this size and scope.
The “cost” to the treasury does not take into account the huge difference in efficiency between private sector resource allocation, and government inefficiencies in this regard. The money stays where it is most productive. Period.
Increased economic activity will yield higher revenues. Always has, always will. Tax plan needs to be coupled with spending decreases, or we’ll have what we had during the post Bush tax cut economic boom-the size of government grew by nearly a third.
So, good tax plan, but harmful if not combined with spending cuts and reduced regulation.
I call chicken manure!
I don’t know jack about economics, but I know these are the same people who take *years* to figure out that Obamacare won’t be such a bad thing.
How in the name of sanity can they nitpick Trump’s tax plan in a couple of days?
They can’t.
They aren’t competent enough to add 2+2 and get an answer of 4!
Voodoo economics.
OK so it's not that complicated. We currently have an 18 trillion deficit. Forbes reports there were 85 million tax returns in 2010 that paid taxes. Now that includes married people filing jointly and they estimate that taking that into account means there are probably 122 million people who pay taxes. So doing the math to cover the 18 trillion we each owe:
$147,541.00
To cover their estimate of Trump's 1.2 trillion per year will add:
$9836.00 per year.
So note to pundits I'm willing to risk the extra 10 grand per year to see if Trump can grow the economy and cut the budget. Besides I don't have the 150 grand anyway so what's another 80k over a Trump 8 year presidency?
They got some serious spending cuts to make. Let’s see, eliminate Departments of Energy, Education, Labor, Commerce, HHS, HUD, etc.
Not spending is a spending cut. Doing the above cuts $2 trillion. Eliminate DeathCare and welfare for illegals another $5 trillion. Etc., etc., etc.
Send the illegals home. Every illegal household deported or prevented from coming to the USA saves us $700,000. Take that times a few million and it adds up to some serious money.
What they are leaving out is I am sure Trummp plans on cutting some things from the budget as well...............
For any group of "We" that believe the above statement is something that literally should be done, I ask how will you collectively stop the government from spending less money?
There are many devices in a man's heart; nevertheless the counsel of the LORD, that shall stand. --Proverbs 19:21
There are many plans in a person's mind, but it is the counsel of the LORD which will stand. --Proverbs 19:21
Well, Bernie’s plan is reported to cost us $18 trillion and the rest of the pack aren’t smart or honest enough to publish a plan
So, I suppose you will argue that the policies of the Bush and Obama administrations has done nothing to cause the conditions in that the workforce rating is at its lowest since at least the Great Depression?
Governments set the conditions for or against the ability of business to be able to hire more people. Just take a look at Obamacare. Do we need to go and look at the figures of how many have been laid off or had their hours cut just to meet the government mandates on business to operate and try to make a profit within them?
They left it out but so did Trump.
In order for this to be true, and all other things being equal, it would mean that Trumps tax plan will result in collecting only about 40% of what the government collects now. I don’t think Trumps plan would be revenue neutral by any stretch of the imagination but I don’t see it being as bad as what is claimed.
Static Analyses and assumptions that spending will increase at the same accelerating rate while decreased taxes will not increase economic activity. The same sort of government analysis shows that doubling the tax rate will double revenue..
It creates jobs alright (makework, do-nothing, harangue the public type jobs), but it doesn't create wealth
one thing i haven’t heard mentioned about his tax plan is how much will be cut out of the irs budget due to its simplistic nature
When you have no plan at all, attack the guy that HAS a plan, that way the voters take their eye off you, with no plan.
There are some fairly good republican candidates right now and many will be gone in the coming few months. My guess, Trump will still be on the list as he begins to come forward with more WORKABLE ideas.
Before we hang the guy in the square, best listen to what he has to say, then if you have run out of his ideas to attack, then hang him, you’er dead set on that idea anyway. Your fear that he may just be RIGHT, shows.
"Mr. Trump’s plan would cut taxes by $11.98 trillion over the next decade on a static basis. " direct quote from the Tax Foundation home page.
This left wing group, scores using static methods, i.e. nothing changes.
We all know that changing the tax code {or any law} will change behavior, so static scoring is all BS.
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