"The GOP Tax Cuts Didn’t Work"

Grokmaster said:
HORSE SHIT. RECORD LOW UNEMPLOYMENT. MARKETS SOARING, as COMMODITIES ALSO ON THE RISE, which is typically not the case. Commodities usually go UP when the market goes down, and vice versa.


CURRENT ANNUAL GDP GROWTH 2.7% = IDEAL....steady growth, with BOTH growth and WAGE INCREASES OUTPACING INFLATION.


Plus, At close Friday, 11/1/2019:




S&P 500.
3,066.91
+29.35(+0.97%)


Dow 30.
27,347.36
+301.13(+1.11%)


Nasdaq.
8,386.40
+94.04(+1.13%)


Russell 2000.
1,589.33
+26.88(+1.72%)


Crude Oil.
56.23
+2.05(+3.78%)


Gold.
1,516.70
+1.90(+0.13%)


Silver.
18.11
+0.04(+0.24%)

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EVERYTHING UP!!!!!!


NOT THE EURO and CHINESE ECONOMY.



TRUMP IS WINNING FOR US...again.
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Once again for those apparently slow to proces, "Donald Trump’s signature legislative achievement was the corporate-tax cut he signed in 2017. Republicans said it would grow the economy by up to 6 percent, stimulate business investment, and pay for itself."

"None of those promises have come to pass. GDP growth has declined to less than 2 percent according to the latest report, released yesterday. Business investment has now declined for two straight quarters, dragging down economic growth. And the federal deficit exceeds $1 trillion."
 
archives said:
How can you say "it helped" when GDP growth has declined to less than 2 percent, business investment has now declined for two straight quarters dragging down economic growth and the federal deficit exceeds $1 trillion?

And the regulation thing is just talking points, for the most part, not all, but a large part of it, what you call deregulation was actually a loss of consumer protection
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If what he claims is true, jobs would be coming back. They aren't.


And...corporate taxes before the tax giveaway were about 16%. Now they're about 0% due to trump lying about doing away with some deductions when they cut corporate taxes.
 
Cypress said:
Of course they didn't

Honest and intelligent people said two years ago they wouldn't work as advertised

The entire intent was to vastly reduce the tax burden on the wealthy and the oligarchs
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Exactly. They worked just as planned. trump bragged about making his friends 'a lot richer'.
 
Althea said:
Liar
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Yeah, what about this?

"Okay, what's the jackass clown car gonna do? From what I've heard, tax hikes and draconian regulations. Boy, that really supercharges an economy, doesn't it!! What are your guys gonna do about the USMCA? Got to let it just fade away, right? It's all icky and tainted with Trump cooties!"

And what about you? No tax cut? Why?...or why not? Ya know what? I don't care. I hope that you are happy and healthy, but I don't care about your personal financial situation. And I for damn sure don't care about the personal financial situations of the wealthy, or how they got wealthy...or big corporations for that matter. You should try it, it's liberating
 
Philip Marlowe said:
The tax cuts will allow business men to invest in their business.
And creat jobs here in America
for uneducated blue color workers.
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It does not work that way. You hire more people when you cannot keep up with demand. If they get tax cuts, they will just keep it. Why do you think we have a worse wealth gap than during the Gilded Age? Because they spent the money on workers and business?
 
Actually, you expand your businesses and start businesses and hire more people when taxes are lowered.

Almost everyone received a tax cut.

“If you’re an American taxpayer, you probably got a tax cut last year. And there’s a good chance you don’t believe it.

Ever since President Trump signed the Republican-sponsored tax bill in December 2017, independent analyses have consistently found that a large majority of Americans would owe less because of the law. Preliminary data based on tax filings has shown the same.”
nyt.com
 
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Callinectes Ocasio-Cortez said:
Yeah, what about this?

"Okay, what's the jackass clown car gonna do? From what I've heard, tax hikes and draconian regulations. Boy, that really supercharges an economy, doesn't it!! What are your guys gonna do about the USMCA? Got to let it just fade away, right? It's all icky and tainted with Trump cooties!"

And what about you? No tax cut? Why?...or why not? Ya know what? I don't care. I hope that you are happy and healthy, but I don't care about your personal financial situation. And I for damn sure don't care about the personal financial situations of the wealthy, or how they got wealthy...or big corporations for that matter. You should try it, it's liberating
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Not sure what this is all about, but you are NOT doing great financially due to the tax giveaway to billionaires.
 
Earl said:
Actually, you expand your businesses and start businesses and hire more people when taxes are lowered.
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Wrong. Nobody expands a business without a reason. It requires more demand for your product/service.

When you put money into the lower/middle class (the consumers), you increase demand. The middle class got about $40/month. Hardly enough to increase demand.
 
Gonzomin said:
It does not work that way. You hire more people when you cannot keep up with demand. If they get tax cuts, they will just keep it. Why do you think we have a worse wealth gap than during the Gilded Age? Because they spent the money on workers and business?
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If I read this first, I could have saved the keystrokes.
 
Althea said:
Wrong. Nobody expands a business without a reason. It requires more demand for your product/service.

When you put money into the lower/middle class (the consumers), you increase demand. The middle class got about $40/month. Hardly enough to increase demand.
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How about the lower class earn their damn money instead of expecting it to be given to them.
 
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