dow 27000

newfie

Well-Known Member
I thought that tax cut they got was going to be reinvested to grow the economy!
breathing in a bag.gif
 

bacha29

Well-Known Member
If only the Republicans had sold the $1.5 trillion unfunded tax cut to the public that way, eh? "We're giving corporations and the wealthy this money so they can buy into the market at cheaper prices after the next downturn!"

From January:

$1.5 trillion tax cut had no major impact on business spending

"The Trump administration's $1.5 trillion tax cut package appeared to have no major impact on businesses' capital investment or hiring plans, according to a survey released a year after the biggest overhaul of the tax code in more than 30 years.

The National Association of Business Economics' quarterly business conditions poll, published on Monday, found that while some companies reported accelerating investments because of lower corporate taxes, 84 percent of respondents said they had not changed plans. That compares to 81 percent in the previous survey published in October.


The White House had predicted that the massive fiscal stimulus package, marked by the reduction in the corporate tax rate to 21 percent from 35 percent, would boost business spending and job growth. The tax cuts came into effect in January 2018.

"A large majority of respondents, 84 percent, indicate that one year after its passage, the corporate tax reform has not caused their firms to change hiring or investment plans," said NABE President Kevin Swift."
Reagan Tax Cuts: The result a big party until 1987 meltdown
Bush Tax Cuts : The worst recession in 80 years.
Trump Tax Cuts : Short term economic pop that will be negated by record federal borrowing.
Perhaps someday the cluckers will come to the realization that GOP tax cuts have only benefited the wealthiest Americans who are not legally, morally or duty bound to invest those savings in job creating ventures. And why should they take the risk? They're already set for life and have more money than they know what to do with. What's Paris Hilton going to do with her trust fund other than enjoy it?
 

Fred's Myth

Nonhyphenated American
Reagan Tax Cuts: The result a big party until 1987 meltdown
Bush Tax Cuts : The worst recession in 80 years.
Trump Tax Cuts : Short term economic pop that will be negated by record federal borrowing.
Perhaps someday the cluckers will come to the realization that GOP tax cuts have only benefited the wealthiest Americans who are not legally, morally or duty bound to invest those savings in job creating ventures. And why should they take the risk? They're already set for life and have more money than they know what to do with. What's Paris Hilton going to do with her trust fund other than enjoy it?
And the worst part is, they're taking all that currency and storing it Public Storage units in order to keep it out of circulation and away from the filthy unwashed. But, hah, fooled them, the coming crash and devaluated currency will bankrupt THEM, too. SMH
 

Wally

BrownCafe Innovator & King of Puns
Reagan Tax Cuts: The result a big party until 1987 meltdown
Bush Tax Cuts : The worst recession in 80 years.
Trump Tax Cuts : Short term economic pop that will be negated by record federal borrowing.
Perhaps someday the cluckers will come to the realization that GOP tax cuts have only benefited the wealthiest Americans who are not legally, morally or duty bound to invest those savings in job creating ventures. And why should they take the risk? They're already set for life and have more money than they know what to do with. What's Paris Hilton going to do with her trust fund other than enjoy it?
Lol, you left out a whole lot of prosperity and tax revenue that went with it.

If only Congress could live within their means.
 
Last edited:

Jkloc420

Do you need an air compressor or tire gauge
Reagan Tax Cuts: The result a big party until 1987 meltdown
Bush Tax Cuts : The worst recession in 80 years.
Trump Tax Cuts : Short term economic pop that will be negated by record federal borrowing.
Perhaps someday the cluckers will come to the realization that GOP tax cuts have only benefited the wealthiest Americans who are not legally, morally or duty bound to invest those savings in job creating ventures. And why should they take the risk? They're already set for life and have more money than they know what to do with. What's Paris Hilton going to do with her trust fund other than enjoy it?
Yes anytime somebody gets to keep their money is bad instead we should just give it to the government s
And the worst part is, they're taking all that currency and storing it Public Storage units in order to keep it out of circulation and away from the filthy unwashed. But, hah, fooled them, the coming crash and devaluated currency will bankrupt THEM, too. SMH
source.gif
 

bbsam

Moderator
Staff member
Lol, you left out a whole lot of prosperity and tax revenue that went with it.

If only Congress could live within their means.
Yeah. Well when has theat ever happened and what crazy people thought that cutting taxes would magically get them to do so? It’s not like we don’t have history to learn from, we just seem to refuse to do so.
 

BadIdeaGuy

Moderator
Staff member
Perhaps someday the cluckers will come to the realization that GOP tax cuts have only benefited the wealthiest Americans who are not legally, morally or duty bound to invest those savings in job creating ventures.

J2aUU3P.png


I dunno. My portfolio seems to be doing ok, and I'm pretty sure I'm not in the "wealthiest Americans" club.

It's ridiculously easy to invest, nowadays. We can all share in the good economy President Trump has helped us achieve.
 

Jkloc420

Do you need an air compressor or tire gauge
Yeah. Well when has theat ever happened and what crazy people thought that cutting taxes would magically get them to do so? It’s not like we don’t have history to learn from, we just seem to refuse to do so.
yea i mean cutting taxes did not work for jfk
 

Jkloc420

Do you need an air compressor or tire gauge
Reagan Tax Cuts: The result a big party until 1987 meltdown
Bush Tax Cuts : The worst recession in 80 years.
Trump Tax Cuts : Short term economic pop that will be negated by record federal borrowing.
Perhaps someday the cluckers will come to the realization that GOP tax cuts have only benefited the wealthiest Americans who are not legally, morally or duty bound to invest those savings in job creating ventures. And why should they take the risk? They're already set for life and have more money than they know what to do with. What's Paris Hilton going to do with her trust fund other than enjoy it?
now do jfk's tax cut
 

newfie

Well-Known Member
Reagan Tax Cuts: The result a big party until 1987 meltdown
Bush Tax Cuts : The worst recession in 80 years.
Trump Tax Cuts : Short term economic pop that will be negated by record federal borrowing.
Perhaps someday the cluckers will come to the realization that GOP tax cuts have only benefited the wealthiest Americans who are not legally, morally or duty bound to invest those savings in job creating ventures. And why should they take the risk? They're already set for life and have more money than they know what to do with. What's Paris Hilton going to do with her trust fund other than enjoy it?

fake news, where is the meltdown of 87

gdp results in the reagan years

1983 $3.634 $7.118 4.6%
1984 $4.038 $7.633 7.2%
1985 $4.339 $7.951 4.2%
1986 $4.580 $8.226 3.5%
1987 $4.855 $8.511 3.5%
1988 $5.236 $8.867 4.2%
1989 $5.642 $9.192 3.7%
 

Jkloc420

Do you need an air compressor or tire gauge
fake news, where is the meltdown of 87

gdp results in the reagan years

1983 $3.634 $7.118 4.6%
1984 $4.038 $7.633 7.2%
1985 $4.339 $7.951 4.2%
1986 $4.580 $8.226 3.5%
1987 $4.855 $8.511 3.5%
1988 $5.236 $8.867 4.2%
1989 $5.642 $9.192 3.7%
he forgets jfk cut taxes but you never hear liberals mention that and guess what? The economygangbusters when he did it
 
Top