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Trump Tax bill Question
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Oct 25, 2017 21:06:56   #
JFlorio Loc: Seminole Florida
 
Do you know the difference between static and dynamic scoring? Tax cuts don’t automatically mean more revenue. Depends on whether said tax cuts stimulate the economy enough to put people that paid no Federal Taxes into a bracket where they do. Also millions more jobs mean more people paying in. I don’t believe tax cuts can get us out of the mess we are in. Likewise I don’t believe tax hikes will do it. We need too not just slow the growth of government spending. We must drastically cut govt spending. I don’t believe the congress will ever do it. No matter who’s in charge.
PeterS wrote:
What jealousy? The top ten percent gained the greatest economic benefit over the past decade--why do you think it jealousy that they are asked to pay the most in taxes? And I find it interesting that you think you will be getting a tax cut. Do you really think that the tea party will support a tax cut that isn't somewhat revenue neutral? Not everyone is stupid enough to believe the myth that tax cuts equal revenue growth. The numbers are there for anyone who bothers to look and it's impossible for the yoy growth rate to decline and revenue growth to increase. The math just doesn't work--if it did Obama would have been begging for tax cuts just so he could have had more money to spend.
What jealousy? The top ten percent gained the grea... (show quote)

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Oct 25, 2017 21:09:43   #
PeterS
 
Ve'hoe wrote:
Well,, he also buys into the liberal fallacy that GDP is a zero sum game,,, ie that there is only soooo much money and if you take away in one area you have to add in another... never never never cutting spending........


It is why idiots dont understand that the pool of money goes up,,, less taxes = more pay,,,, people who dont make anything now make more,,,,
so there is more money to be accessed,,,, and even during JFK,,, revenues went way up.........

George Bush,,, the genius that he was, said, about the economy and taxes in response to democrat liars claiming the fallacious division of the pie speech,,,, "Well,, we'll just make the pie, Higher!" and he was right.....
Well,, he also buys into the liberal fallacy that ... (show quote)


Below are the historical tables. If what you say is true then the numbers will be there to prove you right. Stop blowing smoke out your arse and prove you are right!

https://www.whitehouse.gov/omb/budget/Historicals

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Oct 25, 2017 21:15:00   #
JFlorio Loc: Seminole Florida
 
That’s just dumb. If tax cuts end up putting more money in the Treasury they also put more money in individual pockets. If extra revenue was received I’d love to see the Congress pigs pay down debt. Yea right.
PeterS wrote:
So you are telling me that you honestly want to put more money into the hands of congress??? I understand perfectly how it works. Cutting taxes decreased revenue growth. Increasing taxes increased revenue growth. If it didn't work that way you cons would be pushing for tax increases and us liberals would be pushing for tax cuts. Why else would we work against our own best interests?

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Oct 25, 2017 21:35:50   #
working class stiff Loc: N. Carolina
 
JFlorio wrote:
I’ve lived it. Could care less what you believe. Have read Art Laffers articles and analyses. Maybe believe a left wing lemming like you. What to do?
http://www.heritage.org/taxes/report/the-real-reagan-economic-record-responsible-and-successful-fiscal-policy


So, where are we on the Laffer curve? And how do you know? You are just assuming that taxes are too high and hindering economic growth. The recent history of the Reagan and Bush tax cuts show that they did not pay for themselves even with dynamic scoring.

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Oct 25, 2017 22:41:01   #
JFlorio Loc: Seminole Florida
 
working class stiff wrote:
So, where are we on the Laffer curve? And how do you know? You are just assuming that taxes are too high and hindering economic growth. The recent history of the Reagan and Bush tax cuts show that they did not pay for themselves even with dynamic scoring.


The Reagan tax cuts actually brought more revenue into the treasury than ever before. The congress just spent more. Never said taxes are to high. I’d personally love a tax cut. Why is it you lefty’s lose it over tax cuts but never a peep about all the money spent (and wasted) on QE1, QE2, cash for clunkers, Solyndra, bank and insurance bailouts, Medicare and Medicaid fraud, food stamps, and hundreds of other Federal programs? Only thing I ever hear from you guys on how to spur the economy is raise taxes on the rich and cut the military to the bone. Never a solution. Just moan about fair share and all the lefty talking points. How would you jumpstart the economy?

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Oct 25, 2017 23:25:23   #
Ve'hoe
 
and that was under obama and a great tax increase,,,, "wut happind theyr" ,,,, genius?

Under obama,,,,, and his tax plan the rich got muuuuuch richer,,, and the poor got muuuuuuch poorer,, blacks doing the worst of all............


Man what a mystery........... and revenues went down...... recession came up,,,, and stayed,,, and stayed,,,,,, and stayed.........


HAHAHAHAHAHHAHAHAHAHAHAHAHAAA!!!!!!!!!!!!!


Revenue neutral is you problem,,,,, spending has to stop,,,, there isnt any neutrality,,,, the govt needs to cut their spending,,,,,,, that is where the reductions come from,, not from collections of taxes, nor wages of the middle class,,,,, from the "gubmint"


Have you found the JFK qoute genius?????



PeterS wrote:
What jealousy? The top ten percent gained the greatest economic benefit over the past decade--why do you think it jealousy that they are asked to pay the most in taxes? And I find it interesting that you think you will be getting a tax cut. Do you really think that the tea party will support a tax cut that isn't somewhat revenue neutral? Not everyone is stupid enough to believe the myth that tax cuts equal revenue growth. The numbers are there for anyone who bothers to look and it's impossible for the yoy growth rate to decline and revenue growth to increase. The math just doesn't work--if it did Obama would have been begging for tax cuts just so he could have had more money to spend.
What jealousy? The top ten percent gained the grea... (show quote)

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Oct 25, 2017 23:30:11   #
Ve'hoe
 
"paying for themselves" isnt the responsibility of a tax cut,,,,, congress doesnt want to give back any of the money,,,,,

Congress was never meant to determine who got what,,, how much you are "allowed" to make,,,,, nor the bullsh-t leftist theological idea that ,,,, a tax cut MUST keep the same govt spending level........

What happens when you buy into that fallacy is that you allow the govt,,, congress with less than 10% approval rating to determine how much of your money they get to take and keep.........

Taxes are not collected to pay congresses debts,,,, they are the servants,,, and the people the owners,,,,, that is whats wrong with leftist theology,,,,,,, taxes are not "owed",,,,,

working class stiff wrote:
So, where are we on the Laffer curve? And how do you know? You are just assuming that taxes are too high and hindering economic growth. The recent history of the Reagan and Bush tax cuts show that they did not pay for themselves even with dynamic scoring.

Reply
Oct 25, 2017 23:45:20   #
Ve'hoe
 
Here you go,, richard head,,, Source: Budget of the United States Government

(you dont need me to tell you when reagan was president do you????),,,,, and carters tax increases in the 70's

AHAHAHAHAHHAHAHAHAHAHAHAHAHAHAAAAAAAAAAAAAAAAAAAAA

Individ Social Total Total GDP
Year Income Insurance Receipts Outlays GDP ($bil)
---- -------- --------- -------- -------- --------- ----------
1972 107.9 208.4 108.0 116.0 107.8 1,219.5
1973 117.0 218.7 116.6 120.7 119.0 1,356.0
1974 144.3 241.8 133.7 127.3 124.2 1,486.2
1975 150.8 280.1 138.9 181.1 126.6 1,610.6
1976 137.4 255.3 127.8 176.4 129.0 1,790.3
1977 156.2 226.5 138.9 159.9 142.0 2,028.4
1978 163.3 256.6 161.2 157.5 153.3 2,278.2
1979 149.7 256.1 147.9 174.5 161.6 2,570.0
1980 170.0 255.7 168.2 202.0 166.6 2,796.8
1981 231.6 286.1 220.2 222.7 180.4 3,138.4
1982 214.3 283.3 198.0 223.3 171.7 3,313.9
1983 179.9 231.1 160.2 229.0 161.1 3,541.1
1984 150.9 218.9 153.2 216.2 166.0 3,952.8
1985 173.3 213.7 163.0 184.8 165.1 4,270.4
1986 165.2 212.8 158.1 166.4 153.4 4,536.1
1987 149.0 184.8 140.3 145.4 135.7 4,781.9
1988 121.7 176.4 127.6 132.0 126.3 5,155.1
1989 104.6 158.7 113.9 126.9 116.7 5,570.0
1990 91.3 140.8 99.6 112.0 111.5 5,914.6


And here is the kennedy quote,,,, from Arkansas,,,, since you are "cognitively dyslexic"

Here is WHY JFK was there,,,

"So those are some of the reasons why I am here today. But the most significant reason is, of course, because of your distinguished Congressman who is chairman of the most influential committee, the Ways and Means Committee of the House, which just 10 days ago passed through by an overwhelming vote a tax reform and reduction bill which I think can do much for this State and other States in maintaining its steadily expanding economy. It said in the New York Times this morning that if Congressman Mills suggested it, that the President would be glad to come down here and dedicate this dam and sing "Down By the Old Mill Stream," or any other request that was made--and I would be delighted.

It is a fact that in the last 3 years legislation dealing with tax reform, legislation dealing with the most far-reaching reform of our tariffs, which permit us to trade abroad-and there is no State in the Union which depends more on foreign trade for its prosperity than this State--I think it is important that you in Arkansas realize that the decision that you make in electing your Congressmen and Senators has an influence not only on the lives of the people of this State, but also on the lives of the people of the entire country. And I think this State can take the greatest pride and satisfaction in the way it has met this great responsibility in the people it sent to deal with the Nation's business.

.....As this State's income rises, so does the income of Michigan. As the income of Michigan rises, so does the income of the United States. A rising tide lifts all the boats and as Arkansas becomes more prosperous so does the United States and as this section declines so does the United States. So I regard this as an investment by the people of the United States in the United States."

He was there as a reward for the tax cuts,,, promoting the wealth it would bring, to all states,,,,,,

so much for your research,,,, wrong on both accounts,,,,,, dont let facts bother you though,,,,,

I know facts dont fit into the leftist theology of socialist govt behaviors,,,,,,, too bad JFK died,,, he was the last intelligent dem,,,,,

Killed by a leftist, who thinks like you..... interesting huh??

I suggest you start thinking out of your arse,,,,,, your brains dont seem sufficient to support life





PeterS wrote:
Below are the historical tables. If what you say is true then the numbers will be there to prove you right. Stop blowing smoke out your arse and prove you are right!

https://www.whitehouse.gov/omb/budget/Historicals

Reply
Oct 26, 2017 01:57:39   #
Chocura750
 
There are indications that inflation is increasing. A tax cut is to inflation as gasoline is to a camp fire.

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Oct 26, 2017 09:17:40   #
Ve'hoe
 
inflation has to increase,,,, it has been artificially held down for far too long


Chocura750 wrote:
There are indications that inflation is increasing. A tax cut is to inflation as gasoline is to a camp fire.

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Oct 26, 2017 09:20:04   #
Big Bass
 
tdsrnest wrote:
If the Trump tax cuts increase the deficit by $3 trillion typical to the Bush Tax cuts are you for it or against it.


My dog ate the Scrabble tiles the other day, and now its poop makes more sense than you.

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Oct 26, 2017 09:39:08   #
Ve'hoe
 
isnt it amazing,,, how he picks the wrong point everytime?? and makes a big stoopid deal of it???


Big Bass wrote:
My dog ate the Scrabble tiles the other day, and now its poop makes more sense than you.

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Oct 26, 2017 09:44:13   #
Big Bass
 
Ve'hoe wrote:
isnt it amazing,,, how he picks the wrong point everytime?? and makes a big stoopid deal of it???


I believe he doesn't understand about life.

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Oct 26, 2017 10:12:02   #
JFlorio Loc: Seminole Florida
 
Inflation and interest rates need to increase,,,,,,,,gently.
Ve'hoe wrote:
inflation has to increase,,,, it has been artificially held down for far too long

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Oct 26, 2017 10:13:20   #
Ve'hoe
 
Yes,,, I must admit,,, Yellin is doing a good job,,, I am pleasantly surprized

JFlorio wrote:
Inflation and interest rates need to increase,,,,,,,,gently.

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