The tax cuts were meaningless. They did nothing. That is unless you are not counting the increase in the wealth gap. And the debt. https://www.forbes.com/sites/christi.../#a8171558c138 Forbes is not lefty, so don't try that. But they are an economic magazine.
Taichiliberal (01-13-2020)
Isaiah 6:5
“Woe to me!” I cried. “I am ruined! For I am a man of unclean lips, and I live among a people of unclean lips, and my eyes have seen the King, the Lord Almighty.”
Truth Detector (01-10-2020)
"When government fears the people, there is liberty. When the people fear the government, there is tyranny."
A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
Author: Booker T. Washington
MAGA MAN (01-11-2020)
"When government fears the people, there is liberty. When the people fear the government, there is tyranny."
A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
Author: Booker T. Washington
Me and all the economists do not have your inside knowledge.https://www.theatlantic.com/ideas/ar...umbled/601153/
Isaiah 6:5
“Woe to me!” I cried. “I am ruined! For I am a man of unclean lips, and I live among a people of unclean lips, and my eyes have seen the King, the Lord Almighty.”
Truth Detector (01-13-2020)
Anyone who wants to know what tax giveaways do, just ask Sam Brownback in Kansas.
In 2012 and 2013, at the urging of Governor Sam Brownback, lawmakers cut the top rate of the state’s income tax by almost 30 percent and the tax rate on certain business profits to zero. Under “supply-side” economic theory, these deep tax cuts should have acted — as Brownback then predicted — like “a shot of adrenaline into the heart of the Kansas economy,” stimulating strong growth in economic output, job creation, and new business formation. But in reality, Kansas underperformed most neighboring states and the nation on all of those measures after the tax cuts. For example:
- Kansas’ 4.2 percent private-sector job growth from December 2012 (the month before the tax cuts took effect) to May 2017 (the month before they were repealed) was lower than all of its neighbors except Oklahoma and less than half of the 9.4 percent job growth in the United States.
- Likewise, the number of Kansas residents reporting income on their federal tax returns from a partnership or “S corporation” (two of the main types of businesses that the tax cuts exempted from income tax) grew by 4.1 percent between 2012 and 2015, well below the 5.4 percent growth for the United States and below all of Kansas’ neighbors except Missouri.
Moreover, Kansas revenues plunged, leading to cuts to education and other vital services and downgrades in the state’s bond rating. On June 6, 2017, the legislature terminated what Brownback had termed a “real live experiment” in supply-side tax policy, repealing the business profits exemption and moving income tax rates back toward where they had started.
Once in a while you get shown the light, in the strangest of places if you look at it right.
Taichiliberal (01-13-2020)
I can give you a lot of them. it is in huge agreement that it was just a gift to the wealthy. Here is another.https://www.marketwatch.com/story/it...ust-2019-01-30 Not lefty. I gave you a centerline source and you called me a liar. What is wrong with you?
Let's be really fair. You do not know what you are talking about and somehow you think you have the power to decide who is liberal and do not even have to prove that they are. And you cannot prove it makes them provide false reports. https://www.thebalance.com/do-tax-cu...e-jobs-3306325 The problem is your mind is shut tight to anything that you think is anti-Trump. Economists are not. They are just revealing what their data says.
It is you who has no knowledge.
I called you a liar based on your comment from earlier today.
Here I simply commented that the author is a progressive economist. That his column was posted on the Forbes doesn’t change who he is. Same as the other example, Bryan Kaplan is no less Libertarian if his column runs in The NY Times.
Bookmarks