Tax Policy Setback

Meat

Well-Known Member
Trump administration officials conceded this week that the Tax Cuts and Jobs Act failed to accomplish its stated goals, and there would need to be further labor deregulation and additional tax cuts to achieve said goals.

Quick poll: do you think it’s a good idea to double down on further tax cuts, and do you think it would work this time?

This is a thread intended to stimulate legitimate debate, and it should not be used as a forum for personal attacks.
 

El Correcto

Well-Known Member
Trump administration officials conceded this week that the Tax Cuts and Jobs Act failed to accomplish its stated goals, and there would need to be further labor deregulation and additional tax cuts to achieve said goals.

Quick poll: do you think it’s a good idea to double down on further tax cuts, and do you think it would work this time?

This is a thread intended to stimulate legitimate debate, and it should not be used as a forum for personal attacks.
Absolutely on the tax cuts, though this just seems like a hey you vote for us in 2020 and we gonna cut taxes again move and then Democrat will respond with but we wanna spend trillions we don’t want to propose tax cuts.
 

It will be fine

Well-Known Member
Absolutely on the tax cuts, though this just seems like a hey you vote for us in 2020 and we gonna cut taxes again move and then Democrat will respond with but we wanna spend trillions we don’t want to propose tax cuts.
Trickle down economics has been a proven disaster every time it’s been tried, so we should totally do more of it. Then let’s all cry about the debt as if the two aren’t related. “Conservatives” lol.
 

newfie

Well-Known Member
Trump administration officials conceded this week that the Tax Cuts and Jobs Act failed to accomplish its stated goals, and there would need to be further labor deregulation and additional tax cuts to achieve said goals.

Quick poll: do you think it’s a good idea to double down on further tax cuts, and do you think it would work this time?

This is a thread intended to stimulate legitimate debate, and it should not be used as a forum for personal attacks.

you guys keep trying to call the game in the first quarter.
 

newfie

Well-Known Member
Trickle down economics has been a proven disaster every time it’s been tried, so we should totally do more of it. Then let’s all cry about the debt as if the two aren’t related. “Conservatives” lol.

It actually worked very well under Reagan despite the libs attempts to rewrite history.
 

El Correcto

Well-Known Member
Trickle down economics has been a proven disaster every time it’s been tried, so we should totally do more of it. Then let’s all cry about the debt as if the two aren’t related. “Conservatives” lol.
I don’t know what boogey man you are chasing. I never spoke of who gets a tax cut.

Working class citizens deserve a tax cut. Corporations and richer folk deserve a lower tax rate without tax loopholes, incentives whatever.

You could make the top rate and corporate 70% people aren’t going to pay it in the current system. I wouldn’t be surprised if amazon still paid zero.
 

newfie

Well-Known Member
what Reagan inherited from Carter . Imagine buying a house or car and paying over 20 percent on interest rates.

prime-rate-history.png
 

newfie

Well-Known Member
Gdp rates prior to and during the Reagan years . tax cuts were phenominal in igniting the economy

1979 $2.627 $6.777 3.2%
1980 $2.857 $6.759 -0.3% Recession.
1981 $3.207 $6.931 2.5% Reagan tax cut.
1982 $3.344 $6.806 -1.8% Recession ended.
1983 $3.634 $7.118 4.6% Tax hike and defense spending.
1984 $4.038 $7.633 7.2%
1985 $4.339 $7.951 4.2%
1986 $4.580 $8.226 3.5% Tax cut.
1987 $4.855 $8.511 3.5% Black Monday.
1988 $5.236 $8.867 4.2% Fed raised rates.
 

Baba gounj

You cannot multiply wealth by dividing it!
Gdp rates prior to and during the Reagan years . tax cuts were phenominal in igniting the economy

1979 $2.627 $6.777 3.2%
1980 $2.857 $6.759 -0.3% Recession.
1981 $3.207 $6.931 2.5% Reagan tax cut.
1982 $3.344 $6.806 -1.8% Recession ended.
1983 $3.634 $7.118 4.6% Tax hike and defense spending.
1984 $4.038 $7.633 7.2%
1985 $4.339 $7.951 4.2%
1986 $4.580 $8.226 3.5% Tax cut.
1987 $4.855 $8.511 3.5% Black Monday.
1988 $5.236 $8.867 4.2% Fed raised rates.
Along with dropping the mortgage rates.
 
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