Trump's 1st real proposal: massive infrastructure-rebuilding stimulus
- Thread starter Cancel 2020.1
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Tax cuts combined with spending reductions stimulate the economy through real job growth. Job growth creates a natural increase in payroll tax revenues. If what you're seeking is an indepth commentary on reaganomics read the following paper.
http://www.laffercenter.com/wp-content/uploads/2015/05/Laffer_RevisitingReaganCuts_F.pdf
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cancel2 2022
Canceled
He's a salesman and by nature a bluffer and supreme bullshitter. I have a friend that met him when Trump was trying to build a golf course near Aberdeen. He was part of the group that tried to stop him on environmental grounds, needless to say they failed.
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cancel2 2022
Canceled
What the fuck, you don't think 15% of two trillion would help?
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zappasguitar
Well-known member
You believe that and you're even dumber than we first imagined.
Trump lowers the corporation tax and all the corporations will do is keep the savings as another bonus for the CEO.
The rich will continue to get richer and the rest of us get to GFO.
cawacko
Well-known member
Who do you think pays corporate taxes?
Funnier than the SHOVEL READY infrastructure jobs?
Its about time those promised jobs became reality...no? I wonder how many bridges could be constructed if the FREE CELL PHONE PLAN for the HOOD was canceled by THE PEOPLE? How about those billions of dollars released to Iran? The government has no problem spending any other seized properties of criminals. That money could have gone a long way into simply maintaining the safety of our infrastructure.
Callinectes
Proud MAGA Semi-Facist
It's not funny at all, it's important. My beef has always been with how gas tax revenue is spent.
http://www.wsj.com/articles/states-siphon-gas-tax-for-other-uses-1405558382
Take a look at how some of this money is spent:
"Washington state estimates it will spend 70% of the fuel-tax revenue it brings in during the next decade on paying off debt for past projects."
"New Jersey is projected to collect $541 million in state gas-tax revenue this year, of which $516 million has been set aside to pay for about $1 billion in debt interest."
"New York last year collected about $2 billion in fuel, auto-rental and related taxes and fees. Those dollars went into a fund that paid $1.4 billion on debt interest payments, up from $870 million in 2008."
"Texas spends 25% of its fuel-tax revenue on education programs."
"Nationwide, making interest payments on debt used to fund existing infrastructure projects is one of the biggest state expenditures."
How the hell do you keep up with something like that? I know, I know, raise the damn gas tax. But think about what you're already doing with auto manufacturers and fossil fuel companies. Gasoline consumption is already down with all these fuel efficient vehicles, and there are some government factions that want to put oil producers out of business and make us get our energy from butterfly farts. Obama's IRS has plundered record amounts booty from the taxpayers the past few years. Where the hell is THAT money? A final thought: Infrastructure is like cleaning a dirty room. Once you get it clean, it's not going to take that much to keep it that way. So infrastructure is not going to be any kind of long term fix for employment either. If Trump decides on a maximum effort for this, I hope he doesn't use it to bolster job numbers like obama does with burger flipper jobs he "creates". I ain't falling for that from him either.
http://www.wsj.com/articles/states-siphon-gas-tax-for-other-uses-1405558382
Take a look at how some of this money is spent:
"Washington state estimates it will spend 70% of the fuel-tax revenue it brings in during the next decade on paying off debt for past projects."
"New Jersey is projected to collect $541 million in state gas-tax revenue this year, of which $516 million has been set aside to pay for about $1 billion in debt interest."
"New York last year collected about $2 billion in fuel, auto-rental and related taxes and fees. Those dollars went into a fund that paid $1.4 billion on debt interest payments, up from $870 million in 2008."
"Texas spends 25% of its fuel-tax revenue on education programs."
"Nationwide, making interest payments on debt used to fund existing infrastructure projects is one of the biggest state expenditures."
How the hell do you keep up with something like that? I know, I know, raise the damn gas tax. But think about what you're already doing with auto manufacturers and fossil fuel companies. Gasoline consumption is already down with all these fuel efficient vehicles, and there are some government factions that want to put oil producers out of business and make us get our energy from butterfly farts. Obama's IRS has plundered record amounts booty from the taxpayers the past few years. Where the hell is THAT money? A final thought: Infrastructure is like cleaning a dirty room. Once you get it clean, it's not going to take that much to keep it that way. So infrastructure is not going to be any kind of long term fix for employment either. If Trump decides on a maximum effort for this, I hope he doesn't use it to bolster job numbers like obama does with burger flipper jobs he "creates". I ain't falling for that from him either.
PostmodernProphet
fully immersed in faith..
we need a stimulus program to get us out of the hole Obama has made for the economy.......
LMFAO
Brilliant. You predicted a Dem would spend money.
....and Obamacare.
Dream on douche bag
MAGA MAN
Let's go Brandon!
Butthurt Dune. LOL
that's helpful. Obama didn't pay for his stimulus,but that is a good idea.
Althea
Althea told me...
Reaganomics crashed the S&Ls. Tax cuts do not create jobs. If you give the average middle class family $400 as Bush did,and give the wealthy millions, it does nothing to create jobs.
Demand creates jobs. Tax cuts create deficits.
For the second time...how do you reduce spending while increasing infrastructure spending?
Althea
Althea told me...
Would help what?
Mott the Hoople
Sweet Jane
Not in the least. That's one prediction I got right. In this election those who have been left behind by the 21st century transactional economy have spoken loud and clear and they aint happy.
If Trump wants to succeed as President his first order of business will be putting asses in jobs that pay better than just a living wage. Public works is the best known, time tested and proven method to get that done.