You just showed that revenue grew under Trump AFTER the tax cuts but then screamed how can anyone claim that revenue grew? Yep, a doozey all right!Last 2 years under Obama federal revenue grew from $3.02 trillion in 2014 to $3.27 in 2016 without any tax cut.
Under Trump, revenue in 2017 BEFORE the tax cuts took effect, revenue was $3.32 trillion, and was $3.46 in 2019 BEFORE any COVID issues
U.S. Federal Government Tax Revenue
The federal government generates tax revenue through a variety of sources, including income and corporate taxes. Learn how much tax revenue the U.S. generates.www.thebalance.com
Stupid arguments about the Ground business model
- Thread starter It will be fine
- Start date
Revenue grew FASTER under Obama. Are you blind???? If Revenue grew FASTER before the tax cut, how can you attribute revenue growth to the tax cut????????? You need to learn to think before posting.
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You even had to misstate what my post said. I NEVER said revenue didn't grow under Trump, just that it can't be attributed to the tax cut because it grew a smaller total amount, and by a much slower %. Are you now claiming the the slowing of revenue growth and increased deficits PROVE the tax cuts worked!?!?!?!?!
You clearly have either a vision problem, a comprehension problem, or are just hysterically blind to anything even slightly negative about Trump. I had to do the same type of explaining to you about the ACA when you kept claiming that the deductibles are sooooo high you can't use it when in fact the deductibles don't apply to most medical care under the ACA, You likely still can't comprehend that either.
I apologize for this if you are suffering from onset of dementia or alzheimer's disease. That would definitely be a valid excuse.
it was stupid from post #1
It will be fine
Well-Known Member
It’s in the thread title.
burrheadd
KING Of GIFS
Why'd you come back
Still affiliated with the brand till Tuesday. Enjoy seeing what is going on with the company in other parts.
could care less what someone on the internet believes when it comes to politics, if I did I would be on CNN, fox business, CNBC, etc.
Dude, the economy was recovering from 2008. Look at revenue growth over Obama's 8 years, don't cherry pick. The point about Trump's revenue growth is y'all claimed that with his cuts the government was getting a lot less revenue. Not so. Trump's cuts put more money in everyone's pockets and let them choose how to spend it. And yet revenue grew. It's not a revenue problem, it's a spending problem, and that's not going to stop because everyone starts screaming if their ox is gored. We'll keep spending until it collapses. When will that happen? Who knows, but most likely we'll inflate ourselves out of debt which will make many of us on fixed incomes suffer greatly.
See you soon!
But most people aren't under the ACA but its creation caused their premiums and deductibles to go up. Insurance these days is mostly to cover catastrophic events but thankfully those under the ACA won't have to worry about that.
Fred's Myth
Nonhyphenated American
Did Alice give you her looking glass to peer through?
You live up to the title of the thread. I listed the LAST two years under Obama, did not cherry pick, and lisyed the first years under Trump to avoid any covid related issues. I picked similar year- before tax cuts and after. After tax cuts, revenue grew SLOWER. You clearly are limited in your comprehension. From 2009 to about 2015, perhaps the 2008/2009 stimulus boosted revenue, But by 2014/15, the comparison after that to immediately after Trumps 'tax deferral shows ZERO evidence that the tax deferral had ANYTHING to do with renue growth. If revenue growth was stimulated by a tax cut or deferral, why to the increase in revenue slow so drastically????? If the tax cut stimulated revenue growth, the rate of growth would INCREASE- not decrease, as it did. With revenie growing EVERY year, if the rate of growth slows after a tax 'cut' you CANNOT claim that a tax cut caused the revenue growth, especially because revenue growth SLOWED.
Clearly you don't understand even this simple concept. Instead you actually believe whatever FOX tells you, despite the evidence. You now believe that around 2% GDP growth is great- 'booming' in fact, and that increasing trade deficits are good, all of which happened BEFORE covid came along. And yes- the tax deferral put a lot of money into corporations, who took it as profit, but did nothing to boost GDP above Obama's average, except for a single outlying month.
Cactus
Just telling it like it is
Well if the moderators would do their jobs instead of turning a blind eye, the problem would be solved.
MisplacedRailWorker
an absolute *ing disgrace of a human being.
Hey stop
Ok According to the nonprofit Economic Policy Institute 46.2% of the people who receive social program benefits work full time. 52.6% of those who receive benefits earn between $7.42 and $9.91 an hour. The 5 states that have the highest poverty rates are in the South and 9 of the 10 states that have the highest percentage of their populations receiving SNAP benefits are in the South.
Furthermore according to the EPI if the federal minimum wage was raised to $12 an hour nationwide it would save 17 billion in public funds that could be used toward anti poverty initiatives more effective than the current corporate welfare system.
Ok. Now let's see your numbers. Not just your usual personal attacks.
And you can't seem to comprehend that the government took in less in taxes directly after the tax cuts and yet revenue grew. That's right, families were able to keep more of their income, businesses too, yet because of the stimulation from the tax cuts the government had more income under Trump then under Obama. You can't seem to comprehend that if revenue was growing faster under Obama it was because he was strangling business with costly regulations. Reduce the regulations, reduce the tax burden, everyone keeps more and yet the government gets more revenue, which the government clearly did under Trump. You think somehow the government was going to do better under Obama by taking more and more. All that gave us was stagnation and higher unemployment. Somehow you look at less revenue under Obama as better because from this year to that it grew at a faster clip in spite of the fact that under Trump there was more revenue period. Up is down, left is right in your bizarro world.
Every dollar taxpayers got was added to the debt and needs to be repaid unless the country goes bankrupt. Every bit of the tariffs were added to costs of imported goods and totalled about the same as the tax deferral. Obama was REDUCING the deficit, which means less borrowing, less interest on the debt. Somehow, Trump followers think that giving a fake tax cut more than countered with added debt and tariffs equals savings somehow. And you are still claiming that revenue growth with lower deficit under Obama is better than higher deficits and slower revenue growth with the same GDP. The tax deferral did not increase the economic growth, it merely borrowed MORE money and gave most of it to corporations. And the fact that there is simply more revenue is meaningless. There are more people every year, and Trump liked to claim more people had jobs than during the depression. The revenue increases at a higher RATE under Obama, without raising taxes. But cutting taxes SLOWED revenue growth and did not increase it as you like to claim when you state that tax cuts increase revenue. And for some reason, you think that revenue growth under Trump is good, under Obama bad. It shows how you need to twist yourself into believing two different things contradictory to each other AT THE SAME TIME
We had more revenue under Trump while putting more money in people's pockets. We also had huge spending because Trump wanted more for the military and had to compromise with more spending Democrats wanted in order to get the votes because not enough Republicans supported it. And then of course we have had huge spending dealing with the virus. I'm all for reducing the deficit but don't kid yourself. Obama's growth was from businesses recovering from 2008 and rehiring. Obama printed so much money that our major debt holders, China, Japan, UK, and others were threatening to stop buying our bonds. The BRICS nations, Brazil, Russia, India, China and South Africa were threatening to create a basket of currencies to replace the Dollar as the world's reserve currency. Obama over regulated our businesses and much of it was to get high fees out of them. Obama wasn't pro business and a major view of his was why should business owners do well if workers aren't? Social justice. Please name the polices of his administration that were pro business and allowed them to flourish? Not talking about the stock market. With real estate knocked out it was the only major game available and it benefited greatly from employees 401k contributions. But what did Obama do other than throw a lot of money at the banking industry to keep it solvent?
Working4the1%
Well-Known Member
FiveThirtyEight’s averaging of polls indicates Ossoff has a lead of 1.8 percentage points, and Warnock has a lead of 2.2 percentage points..............tick tock ground scam
