"Trump: Tax reform can create ‘millions of jobs"

[archives]

"President Donald Trump touted his party’s tax reform push on Tuesday and argued that an overhaul that adequately reduced taxes on businesses will “create millions of new jobs.”

“We're going to reduce taxes for companies, and those companies are going to produce jobs,” Trump said in the White House, where he gathered with Republican leaders to talk taxes. “Tax reform that follows these principles will create millions of new jobs and ensure that more products are stamped with the very beautiful letters and words, ‘Made in the U.S.A.’”

http://www.politico.com/story/2017/09/05/trump-tax-reform-jobs-242347

How many years, hell, decades, have we been hearing the same robotic talking point from Republican politicians?

You cut corporate tax and all the extra revenue gets paid out in dividends not reinvested in jobs

Bigger question would be why some Republicans, especially conservative Republicans, still buy into the fallacy?

 

[Celticguy]

Same reason democrats did when JFK did it. It works.

 

[archives]

Same reason democrats did when JFK did it. It works.

Have you ever seen the tax rates in 1960?

top rate on regular income: 91%
top rate on capital gains: 25%
top rate on corporate tax: 52%

http://federal-tax-rates.insidegov.com/l/45/1960

Fifty plus years ago, comparing apples and oranges

 

[PostmodernProphet]

Have you ever seen the tax rates in 1960?

top rate on regular income: 91%
top rate on capital gains: 25%
top rate on corporate tax: 52%

http://federal-tax-rates.insidegov.com/l/45/1960

Fifty plus years ago, comparing apples and oranges

did you know you can cut both apples AND oranges?.....

 

[Bill]

Have you ever seen the tax rates in 1960?

top rate on regular income: 91%
top rate on capital gains: 25%
top rate on corporate tax: 52%

http://federal-tax-rates.insidegov.com/l/45/1960

Fifty plus years ago, comparing apples and oranges

The American economy must of been in a mess w/ those high, high taxes-no jobs, no middle class, just poorDumb everywhere....(pout)

 

[anatta]

corporate taxes need to come down-but the real key to growing GDP
( jobs aren't the problem anymore -wealth creation is) is tax simplification

 

[Mr.Badguy]

It worked so well for Kansas...

 

[PostmodernProphet]

It worked so well for Kansas...

worked great for Michigan.....cut taxes and balanced the budget........

 

[floridafan]

I don't know why corporate tax rates need to come down, all it will do is help corporate shareholders .

 

[canceled.2021.3]

Have you ever seen the tax rates in 1960?

top rate on regular income: 91%
top rate on capital gains: 25%
top rate on corporate tax: 52%

http://federal-tax-rates.insidegov.com/l/45/1960

Fifty plus years ago, comparing apples and oranges

Ahhhh the old 1950s tax rate canard.

Now if you want to be really fair Legion you would highlight all the deductions that were available in the 1950s that are no longer available today?

Also are you saying you want to revert to all of the income tax rates of 1950s for all income levels? Or are you being selective?

come on Legion. Bring your A game this time.

 

[canceled.2021.3]

worked great for Michigan.....cut taxes and balanced the budget........

Actually it helps consumers and employees

If you ran a business which you obviously don't you would know that taxes are a business expense.

When expenses go up on any business they have some choices

1) raise prices
2) slash benefits or salaries
3) reduce employees.
4) shut their doors

In the end it is others who bear the brunt of corporate income taxes. But those who are economically illiterate can't understand that

 

[canceled.2021.3]

The American economy must of been in a mess w/ those high, high taxes-no jobs, no middle class, just poorDumb everywhere....(pout)

So you are saying you want to bring back the entire tax code of the 1950s? All of it?

 

[canceled.2021.3]

The most fair tax scheme of all would be a national sales tax that exempts food, clothes, and homes. You could eliminate the IRS and you would create tax payers out of the underground and cash economy. States could collect it and more importantly you would decrease the power of the federal government.


Sent from my iPhone using Tapatalk Pro

 

[Getin the ring]

I don't know why corporate tax rates need to come down, all it will do is help corporate shareholders .

who in turn create jobs, have you been introduced to our planet?

Earth, this if floridafan,
floridafan, this is earth

 

[floridafan]

Jobs are created by DEMAND, not tax breaks.

 

[archives]

who in turn create jobs, have you been introduced to our planet?

Earth, this if floridafan,
floridafan, this is earth

Then you have a conservative who goes out and regurgitates the fallacy, beautiful

 

[PostmodernProphet]

If you ran a business which you obviously don't you would know that taxes are a business expense.

actually, I have started several businesses, sold some.......still run three.....

 

[archives]

Ahhhh the old 1950s tax rate canard.

Now if you want to be really fair Legion you would highlight all the deductions that were available in the 1950s that are no longer available today?

Also are you saying you want to revert to all of the income tax rates of 1950s for all income levels? Or are you being selective?

come on Legion. Bring your A game this time.

Did you miss "1960" tax rates, or the post implying today relates to the JFK era/action?

And yes deductibles were rampart, as they are today, you didn't really think corporations actually pay anywhere near what the code rate dictates did you?

 

[PostmodernProphet]

Jobs are created by DEMAND, not tax breaks.

with tax breaks, demand can be lower and investments can still be justified......

 

[PostmodernProphet]

Did you miss "1960" tax rates, or the post implying today relates to the JFK era/action?

And yes deductibles were rampart, as they are today, you didn't really think corporations actually pay anywhere near what the code rate dictates did you?

so we are agreed.....reduce and simplify.......the key to success......