Conservative Tax Cuts slowed the economy

cawacko said:
Politicians regularly over promise but tax cuts weren't the reason growth was down last year it was the trade war and tariffs. They sucked the wind out of the economy.
Click to expand...

The tax cut started 1/2/18, the tariffs came later. Even without the tariffs, GDP growth wasn't the 3% promised.

Since the tax cut, GDP growth has steadily declined.
 
LV426 said:
LOL! The GOP had control of both Houses of Congress when they passed their dumb tax cut.
Click to expand...

The Democrats had control of both houses when they passed a stimulus in 2009. It was claimed that unemployment would stay below 8% if it was passed.
 
Earl said:
So, the left has given up on impeachment and is now screaming about our booming economy.

Lots of luck with that.
Click to expand...

And, life expectancy increased due to a decline in cancer deaths and the first decline in overdose deaths in thirty years.
 
jimmymccready said:
You are stupid, drunk, or can't read. I said they are paying a higher % of their income in taxes than the wealthy and rich.

Stop displaying your arrogance and ignorance.
Click to expand...

Lol, so you want the rich to pay the same percentage of their income as the working class? How would that possibly be fair? What an absolutely retarded thing to say. When has that ever been a thing?

You still haven't told us how the tax cuts are hurting the poor and working. Why can't you do that? Because you're just spewing talking points, that's why. You have no idea.
 
cawacko said:
I'm depressed, I'm pissed, I'm hungover and sort of walking around in a daze this morning. It short, it sucks *ss right now.

Politicians regularly over promise but tax cuts weren't the reason growth was down last year it was the trade war and tariffs. They sucked the wind out of the economy.
Click to expand...

Well, my sympathies go out to you, especially since you are going to face further depression with your undying faith in USC, but there is always next year

Didn't say the tax cuts were the cause of slowdown, rather, they didn't produced the promised effect, the stimulus to the economy that Trump was hoping to achieve, and in the meantime, will be something future generations will pay for down the road
 
dukkha said:
perhaps thru "loopholes" - but the income tax rate is progressive; skewed higher to higher incomes.
Too bad the Dems won't work on tax reform with Trump, they'd rather obstruct
Click to expand...

Thank you for admitting the GOP are rubbing the faces of the poor and the workers in the mud.
 
LV426 said:
The government’s latest economic scorecard arrived on Thursday, offering fresh evidence that the economy continues to grow, but at a frustratingly slow pace.

Gross domestic product, which measures the value of goods and services produced inside the United States, grew at a 2.1 percent annual rate between October and December, the same as the previous three months, according to preliminary data released by the Commerce Department. As for 2019 as a whole, the report shows that the economy turned in a weaker annual showing than it did in 2017 and 2018.

https://www.nytimes.com/2020/01/30/business/economy/gdp-numbers.html

I'm old enough to remember when Conservatives said their tax cut would lead to at least 3% growth.
Click to expand...

It did, too...at least for awhile. NY Times summarily dismissed as a reference.
 
LV426 said:
Thanks to minimum wage increases. But nice how you're trying to pretend wage growth wasn't skewed at the top and bottom.

Where's the 3% growth you promised?
Click to expand...

No. Minimum wage laws are price controls. Price controls always fail. All they bring is misery and shortages.
 
LV426 said:
The government’s latest economic scorecard arrived on Thursday, offering fresh evidence that the economy continues to grow, but at a frustratingly slow pace.

Gross domestic product, which measures the value of goods and services produced inside the United States, grew at a 2.1 percent annual rate between October and December, the same as the previous three months, according to preliminary data released by the Commerce Department. As for 2019 as a whole, the report shows that the economy turned in a weaker annual showing than it did in 2017 and 2018.

https://www.nytimes.com/2020/01/30/business/economy/gdp-numbers.html

I'm old enough to remember when Conservatives said their tax cut would lead to at least 3% growth.
Click to expand...


GROWTH REMAINS AT AN OUTSTANDING, SUSTAINABLE 2-3%..BECAUSE OF THE TAX CUTS.

SURE AS FUCK BEATS THE 1.6% YOUR OBAMIDIOT LEFT US WITH.


THE US ECONOMY IS BOOMING, BY ANY MEANINGFUL METRIC, and AMERICANS KNOW IT:





As Trump enters his re-election year, Americans are more positive on eight key issues than they were just before he took office in January 2017.

•Gallup records double-digit increases in public satisfaction with the nation's economy, security from terrorism, military strength and the state of race relations.


•Satisfaction is also up by between six and nine points on crime, the position of blacks and other racial minorities, the distribution of income and wealth, and the opportunity for a person to get ahead through hard work.:

Satisfied Unsatisfied NET SATISFIED

% pct. pts.



The overall quality of life
84 16 68

The nation's military strength and preparedness
81 13 68

The opportunity for a person to get ahead by working hard
72 27 45

The nation's security from terrorism
68 27 41

The state of the nation's economy
68 29 39

The position of women in the nation
63 36 27

The influence of organized religion
59 38 21

The acceptance of gays and lesbians in the nation
56 40 16

Gallup, Jan. 2-15, 2020

 
Last edited:
You must log in or register to reply here.
Back
Top