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Economics Discuss GOP tax cut not why economy is booming at the Political Forums; Originally Posted by Bat Too many Republicans abandoned fiscal responsibility. The tax cut was the right thing to do. It ...

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Old 05-18-2018, 08:32 PM
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Default Re: GOP tax cut not why economy is booming

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Originally Posted by Bat View Post
Too many Republicans abandoned fiscal responsibility.
The tax cut was the right thing to do. It should have been followed up with a massive spending cut.
What neither dem nor rep politicians will admit is a tax hike coupled with spending cuts would do well to put us on the road to fiscal responsibility.

anything else from either side is smoke and mirrors.
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Old 05-19-2018, 09:00 AM
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Default Re: GOP tax cut not why economy is booming

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Originally Posted by foundit66 View Post
The economy WAS improving anyways. That's what the right refuses to admit.
Many of the trend rates were identical before / after Trump inauguration.
Economists agree: Trump, not Obama, gets credit for economy | TheHill

But even worse, your responses indicate either a level of dishonesty or intellectual laziness in refusing to read the article.
They also see the economy getting a boost from a completely separate and largely overlooked law Congress recently OK'd: A nearly $400 billion spending increase opposed by many Republicans that some experts say will do more for growth, at least in the short term, than the tax cuts.
The Repubs are at it again with raising the deficit. And the increased government spending is a real gas pedal for the economy.



Your commentary offers absolutely nothing substantial to talk about other than whining.
From the article you linked.

Quote:
The Wall Street Journal asked 68 business, financial and academic economists who was responsible for the strengthening of the economy, and most “suggested Mr. Trump’s election deserves at least some credit” for the upturn.

A majority said the president had been “somewhat” or “strongly” positive for job creation, gross domestic product growth and the rising stock market.
Imagine that, surveying 68 experts instead of hand picking so-called experts that will parrot the party line. Of course to the Resistance drones anything that agrees with their hatred cannot be questioned.

But wait, the group of professionals attributed the improved economy to Trumps approach to regulation and the tax reform bill. Oh, this isn't the first survey.

Quote:
The pros cite the White House’s push for lighter regulation and the recent tax bill as critical to a pro-growth environment; more than 90 percent of the group thought the tax bill would boost GDP expansion over the next two years.

A year ago in the same survey, economists awarded President Obama mixed grades. Most saw his policies as positive for financial stability, but neutral-to-negative for GDP growth and negative for long-term growth. By contrast, Trump was seen as neutral to positive for long-term gains.
Thanks for the link. The contrast between the OP, a handful of hand picked sources proclaiming it would have happened anyway, and the survey of more than 60 experts with sober analysis supporting the majority.

Where is the evidence of these "identical improving trend lines" the Right is supposed to be refusing to recognize?
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Old 05-19-2018, 10:33 AM
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Default Re: GOP tax cut not why economy is booming

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Originally Posted by Dog Man View Post
Yes, you are right, the deficit probably will continue to climb.
But how can you say Republicans shy away from it?
History.
Since 1980, every single Republican president has increased the deficit.


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Originally Posted by Dog Man View Post
We all know that the second a Republican says something like "Next year instead of increasing this or that 10% we are only going to increase it 9%" The very next second Dems and the MSM are screaming "Draconian cuts, Draconian cuts!" "people will suffer and die" This happens every...single...solitary....time.
I can see why they MIGHT shy away from it?
I find it hilarious when Republicans start complaining they won't do something because they'll be criticized...
The two sides bash each other all the time and they still pursue their actual agenda. It would be nice if Republicans could recognize their politicians have no damn interest in reducing the deficit and stop making excuses for them...
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Old 05-19-2018, 11:45 AM
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Default Re: GOP tax cut not why economy is booming

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Originally Posted by saltwn View Post
What neither dem nor rep politicians will admit is a tax hike coupled with spending cuts would do well to put us on the road to fiscal responsibility.

anything else from either side is smoke and mirrors.
Start with the spending cuts. We'll get back to you later when the cuts go into effect.
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Old 05-19-2018, 12:01 PM
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Default Re: GOP tax cut not why economy is booming

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Originally Posted by foundit66 View Post
History.
Since 1980, every single Republican president has increased the deficit.



I find it hilarious when Republicans start complaining they won't do something because they'll be criticized...
The two sides bash each other all the time and they still pursue their actual agenda. It would be nice if Republicans could recognize their politicians have no damn interest in reducing the deficit and stop making excuses for them...
I think what you fail to recognize is that the majority of Trump voters agree with you. I'm not going to be unhappy if the majority of incumbents of both parties lose their seats to non politicians.
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Old 05-19-2018, 12:29 PM
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Default Re: GOP tax cut not why economy is booming

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Originally Posted by saltwn View Post
What neither dem nor rep politicians will admit is a tax hike coupled with spending cuts would do well to put us on the road to fiscal responsibility.

anything else from either side is smoke and mirrors.
Are you in favor of a tax hike for everybody, or just a tax hike for some?

I'll admit, I am in favor of a fair tax being applied equally to everybody. It goes something like this,

How much money did you earn?
Multiply that amount by X%. (X to be determined but I think 10% would be fair)
Send the resulting amount to the IRS.
It matters not if your income was $10 or $10,000,000. It matters not where that income came from. No write offs or deductions for ANYTHING, none.

See, if we do that, then all tax hikes or cuts affect everybody exactly the same.

Don't bother replying to me unless you are willing to answer the question posed in the first sentence of my post.
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Old 05-19-2018, 11:49 PM
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Default Re: GOP tax cut not why economy is booming

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Originally Posted by jimbo View Post
Start with the spending cuts. We'll get back to you later when the cuts go into effect.
nope bad as I would hate it both simultaneously is how you get your house in order , not complicated but it is hard to bite that bullet, and politicians wont touch it.

so it will take us a lot longer to get to anything normal.


by that time we could see another recession..hope not
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Old 05-20-2018, 12:05 AM
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Default Re: GOP tax cut not why economy is booming

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Originally Posted by saltwn View Post
nope bad as I would hate it both simultaneously is how you get your house in order , not complicated but it is hard to bite that bullet, and politicians wont touch it.

so it will take us a lot longer to get to anything normal.


by that time we could see another recession..hope not
re your reply about what taxes to raise.. all of them and heres why. rich cant do it alone if you look at the math. that is why politicians wont tell you the truth. after the few fixes in 2009 that mostly bailed out private companies they should have come clean to the american people and said 'look,we can fix the economy but we have to cut cut cut services and raise taxes on everyone, welfare, veterans, social security recipients and rich and middle class.'

with a sunset provision
then leave a smaller tax across the board and keep all cuts across the board while we fix infrastructure.
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Old 05-21-2018, 09:25 AM
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Default Re: GOP tax cut not why economy is booming

The US government does not have an income problem, they have a spending problem. The US Treasury currently brings in around $3.1 Trillion annually, but spends almost $4 Trillion. We don't need to raise taxes to make up the difference, we need to cut spending. We need a government that lives within it's means. When my spending gets close to my income, I can look to increase my income, but the correct thing to do is to cut my spending.
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Old 05-21-2018, 04:37 PM
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Default Re: GOP tax cut not why economy is booming

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Originally Posted by GetAClue View Post
The US government does not have an income problem, they have a spending problem. The US Treasury currently brings in around $3.1 Trillion annually, but spends almost $4 Trillion. We don't need to raise taxes to make up the difference, we need to cut spending. We need a government that lives within it's means. When my spending gets close to my income, I can look to increase my income, but the correct thing to do is to cut my spending.
I disagree. see my last posts.

you must have revenue.
we owe money even w/o services
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