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Old 09-13-2018, 11:51 PM
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Default Re: New GOP tax cuts would add $3.8 trillion to deficit, says report

*sigh*...

ONCE AGAIN, increased longterm revenue is not factored in, making this a glaring lie of omission...

The ADDITIONAL trillions into the economy will create a larger pool of income for the government as time goes by...

From a previous post...

Quote:
Originally Posted by cnredd View Post
Economics 101 says that the tax cuts will hit early, but once the markets start using those tax cuts to reinvest, the returns will be greater a year or two from now..

If you buy a dump truck in 2018 for $80,000, and that truck creates $50,000 worth of added revenue in 2018, you'll see a $30,000 loss off the bat...

...but that same truck creates $50,000 worth of added revenue in 2019, too...The truck is now paid off and you're $20,000 ahead...

...and then that same truck creates $50,000 worth of added revenue in 2020...Now you're the full $50,000 ahead...

$30,000 loss...$20,000 ahead...$50,000 ahead...

That's how it works...
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