Do I gotta say it?
Posted on 10/16/2017 10:33:33 AM PDT by SeekAndFind
When investors sell appreciated stock, it does get taxed and that does help the nation’s fiscal stance, which is worse than the 20 trillion dollars that’s out in public debt.
Tax cuts that stimulate growth do result in increased tax revenues that can pay off as much as 20% of the tax cut amount over time. Whether these particular tax cuts would lead to growth is harder to say. We are near full employment, the Fed is raising rates. If we started to see growth overheating they would just raise rates faster.
The main economic effect of the currently proposed tax cuts would likely be higher interest rates rather than higher GDP growth.
Nope.... Tax cuts create more tax payers and over a period of 10 years more tax revenue. It goes up and not down.
We cannot tax ourselves into prosperity despite what this writer thinks.
Do I gotta say it?
Saunders is the alleged house “conservative” at the San Francisco Chronicle.
Which means she’s merely Left of center, not batshit crazy.
Regan cut taxes and the economic boom was so strong that it took Clinton 8 years to kill it, in spite of his tax hikes.
Revenue to the treasury increased as a result of both tax cuts.
So what? If you only focus on the national debt you are only gonna kill yourself. Don’t worry, be happy!
Tax cuts are NOT a static “math” assessment!
Tax cuts are a DYNAMIC economic assessment!
Consumer decisions are INVESTMENTS weather you are the end consumer or a producer at any level.
Taxes are a component in any expenditure.
When the tax costs are lower, more money is available for PRODUCTIVE investment.
Not if Trump passes a 10% tax on all advertising:
...TV (MSNBC, NBC, etc.),
...Radio (ABC, CBS, etc.),
...Newspapers (NYT, WP, etc.),
...Magazines(Time, Newsweek, etc.
...Internet (Facebook, Google, etc.)
When the MSM starts to complain, remind them that it’s for the children.
Do the math. If you want to lower debt, cut spending.
Nailed It !
The John Maynard Keynes/FDR Idea Of "Tax & Spend" to Prosperity NEVER WILL WORK! Never Has Worked!!
Initially there is a jump in the debt but once they kick in the revenue jumps quickly. If you control your spending you will be fine. The problem is congress can’t control it’s spending. Normally I would say the Democrat congress but the Republican congress is just as bad.
For Pete's Sake!!!! A tax cut is NOT an expense, therefore you don't "pay for it".
Only in the world of leftists is the government "allowing" you to keep more of the money you earn something that needs to be paid for.
You have hit on the fundamental truth: we're not "undertaxed". We're "overspent".
She’s wrong. Does not adequately account for revenue from a much larger GDP. The CBO also ignores this as it scores using static figures.
Reagan’s second year after tax cuts had 7+ percent GDP growth.
True. Plus, stock market gains help the retirement plans, mostly belonging to public employees and seriously underfunded.
Klownhall.
Right, because the effect of the tax cut follows the cut when money for investment and growth accumulates in the economy.
Years ago I saw a comparison between the number of times a dollar turns over in the real economy vs how many time it turns over when sent to the government in taxes.
Amazing difference in that transactions in the real economy either pay people’s salary or purchases goods (which in turn pays peoples salary).
It was Trump's sly way of reinforcing a message that the White House has sent since it first rolled out a framework for the tax cut in April.
This is from the White House transcript.
This huge -- (laughter) -- tax cut -- two words, "huge" and now "rocket." Can you believe it? I have (inaudible.) Rocket! You know what we're talking about, folks, don't worry about it. It will be rocket fuel and it will be rocket fuel for our economy.That is anything but sly. Quite refreshing, I'd say.
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