Parky60 Loc: People's Republic of Illinois

That the Dow was growing at 16.2% annually going back to Obama’s recovery act is a misleading statistic. The Dow roared back after the Great Recession and grew at an annual rate of 13.4 percent in Obama's first term only to "sputter" to a 9.8 percent annual growth in Obama’s second compared with the Dow growing at an annual rate of 12.6 percent from the beginning of Trump’s term up to the economy’s peak pre-C***d.

https://finance.yahoo.com/quote/%5EDJI/history?p=%5EDJI

And the Trump’s tax cut actually increased annual tax receipts. During Obama’s two terms, tax receipts grew at an annual rate of 6.5 percent while Trump’s tax CUTS increased revenue by 8.1 percent per year thus proving YET AGAIN that tax cuts increase revenue.

https://www.taxpolicycenter.org/statistics/amount-revenue-source

permafrost Loc: Minnesota

very simple and well published... the big cuts went to the rich, like trump himself, the token reductions for the middle class, are temporary and will expire , the last of them, in 2025. That is after the e******n of 2024,, each reduction came after a national e******n.. coincidence , right ?



After the 2025 ending while the rich reduction were permanent and remain in place, the middle class will continue to pay the the mountain of cash given to the rich of our country and the tax revenue will be inadequate making the ever growing national debt, and even greater problem..

consider how you v**ed..

permafrost Loc: Minnesota

Strycker, your posts are usually pretty good, but on this one you are over the edge..

do you understand the rules put in well before the trump slump that dictated how spending and tax cuts could be presented? that old rule (a decade or so) was why the Tax act was made harmful to the middle class.. look it up..

It had nothing to do with the dems fighting for fairness in the bill. it was dictated by laws passed before the 2017 tax gift..

permafrost Loc: Minnesota

Now you are PO at the dems because they did not overturn the evil done by the republicans? so like you.. love it..

permafrost Loc: Minnesota

They do not.. the anomaly in I think 2020? was because of the clause to bring in money from foreign shores at a greatly reduced tax rate.. so a great many declared income that was held overseas for years and that inflated the years tax revenue.. it was a one time event and the normal years tax rev was down as expected.. Poor expectations of any investment return from it the tax gift at all. due to a change in the law done, by reagan, the pile of money to corporations could legally be used for stock buy back rather than reinvestment.. as was done overwhelm inly.. because it increased the wealth of the owners even more.. this is yet another law written by the rich for the rich that has not been overturned and is a travesty of a law, it legally crushes the middle class, holds back investment and simply piles more money on those who already wallow in it..

BIRDMAN

Strycker Loc: The middle of somewhere else.

Perhaps I may be misinformed on the rules. Please educate me. What I do know.

"The changes are temporary, expiring after 2025, as is the case with most personal tax breaks included in the law. The expiration date allowed the Senate to comply with reconciliation rules that block a Democratic filibuster."

On the other hand... Once the Senate was controlled by Democrats.

"By AARON LORENZO
09/28/2018 01:13 PM EDT

The House on Friday passed a bill to permanently extend tax cuts for individuals and unincorporated businesses included in the recent GOP tax overhaul, even though not much more is expected of the measure legislatively.

The Senate has no plans to take it up."

permafrost Loc: Minnesota

geez bird,, other then the caption... I truly like you picture of the dog jumping a cliff to catch a bird.... thin I once had a cat dumb enough to do that for real....

SeaLass Loc: Western Soviet Socialist Republics

So your saying the bill was written so that the minuscule benefits to the middle class will end in 2025 and the nearly non-existent tax burden on the rich would be significantly reduced permanently. Then after 2025 the middle and working class will have to make up the taxes the rich were never going to pay anyway?

Parky60 Loc: People's Republic of Illinois

I think that you're replying to the wrong person?

SeaLass Loc: Western Soviet Socialist Republics

OOOOPPPS!!