Do I gotta say it?
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.
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.
Klownhall.
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.
The key is shrinking government, which the budget proposal Trump submitted to Congress did, but was promptly shit-canned with snide remarks. Cutting taxes w/o shrinking govt is all carrot, no stick.
If you look at the raw revenue data over the last 60 years(starting with Kennedy) tax receipts grow year over year REGARDLESS of the marginal tax rates. The only times the revenue deceases year over year is when the economy tanks. When the economy is going gang busters receipts increase dramatically. The best way to get the economy growing dramatically is with tax cuts.
If you eliminate government spending on the "parasite class" then you can cut taxes even more!
NUTS TO THAT!
Tax cuts cause economic growth. Read The Laffer Curve, etc. Stop reading Keynesian claptrap.
And even if tax rate cuts didn't stimulate growth, tax is theft. It's immoral, and therefore it should be minimized, not maximized. But you'll never get a Marxist to agree.
leftist never include the “G” factor in an economic equation
The G factor is growth.
Well, that's the elephant in the room alright.
The left side of that equation is spending.
For later....