1 in 6 Draw Welfare in Predominantly Red States

[Rustic]

Define corporate subsidies. Are you referring to legal tax credits, or do you believe the Feds are send big fat checks to every business owner? Obama had lots of time to work on legal tax credits and failed to do. Now he is cashing in with silly speeches for millions from big banks and others.

BTW, Obama proposed for 5+ years Corp tax reform, cutting the rate from 35% to 28% and take away deductions and use excess money to fund a $1 trillion infrastructure plan. THE GOP BLOCKED IT.

Obama treated small business like shit… fact
Try and keep up fester

Sure Cupcake

Try and keep up fester...
More rules and regulations disproportionately affect small business adversely, and actually helps large corporations see the Paris accords

More right wing OPINIONS not based in reality or history. Shocking Cupcake

Small business can't afford to pay for frivolous rules and regulations. Trying to keep up fester

 

[Rustic]

Doesn't matter.

The subject-at-hand is SNAP, and related welfare programming, such as Medicaid...

With SNAP being the most ubiquitous form of such programming...

And Red State consumption of SNAP vs. Blue State consumption of SNAP.

For that, read... White Folk on SNAP vs. Black Folk on SNAP... as a macro-level observation.

On that level, as SNAP gets cut to the bare bone...

6.9% of White Folk will be impacted...

28.29% of Black Folk will be impacted...

Broadly speaking, I don't think White America really gives a good rat's ass about SNAP any longer...

They just wanna keep more money in their wallets...

Times changed, on November 8, 2016...

Fun time, and the Free Ride, are over...

You're on your own... as it should have been, all along...

Enjoy...

Define corporate subsidies. Are you referring to legal tax credits, or do you believe the Feds are send big fat checks to every business owner? Obama had lots of time to work on legal tax credits and failed to do. Now he is cashing in with silly speeches for millions from big banks and others.

BTW, Obama proposed for 5+ years Corp tax reform, cutting the rate from 35% to 28% and take away deductions and use excess money to fund a $1 trillion infrastructure plan. THE GOP BLOCKED IT.

Unemployment extension? You do realize someone has to pay for that and most times They cant afford it...
Try and keep up fester

During the worst economic downturn since the first GOP great depression, the GOP held unemployment extensions hostage in Dec 2010 to stop Obama from getting rid of Dubya's "job creator" tax cuts on $200,000 AGI individual and $250,000 AGI for a couple Cupcake. This was after 7 years of Dubya/GOP "job creator" policies where they gutted revenues trillions AS they blew up spending. Paid for?

The federal government has no claim to perceived future taxes, unemployment is nothing more than a socialist Entitlement program, paid for by people that cannot afford it. Socialism always runs out of other peoples money.
Try and keep up fester

 

[JonKoch]

BTW, Obama proposed for 5+ years Corp tax reform, cutting the rate from 35% to 28% and take away deductions and use excess money to fund a $1 trillion infrastructure plan. THE GOP BLOCKED IT.

Obama treated small business like shit… fact
Try and keep up fester

Sure Cupcake

Try and keep up fester...
More rules and regulations disproportionately affect small business adversely, and actually helps large corporations see the Paris accords

More right wing OPINIONS not based in reality or history. Shocking Cupcake

Small business can't afford to pay for frivolous rules and regulations. Trying to keep up fester

WAIT HOW'D THEY DO UNDER 8 YEARS OF DUBYA/GOP "JOB CREATOR" POLICIES AGAIN??? LMAOROG

 

[Rustic]

Define corporate subsidies. Are you referring to legal tax credits, or do you believe the Feds are send big fat checks to every business owner? Obama had lots of time to work on legal tax credits and failed to do. Now he is cashing in with silly speeches for millions from big banks and others.

BTW, Obama proposed for 5+ years Corp tax reform, cutting the rate from 35% to 28% and take away deductions and use excess money to fund a $1 trillion infrastructure plan. THE GOP BLOCKED IT.

Obama treated small business like shit… fact
Try and keep up fester

Obama vowed to block R&D. The only area startups and small businesses can make a major move against the conglomerates Obama supported.

Define corporate subsidies. Are you referring to legal tax credits, or do you believe the Feds are send big fat checks to every business owner? Obama had lots of time to work on legal tax credits and failed to do. Now he is cashing in with silly speeches for millions from big banks and others.

BTW, Obama proposed for 5+ years Corp tax reform, cutting the rate from 35% to 28% and take away deductions and use excess money to fund a $1 trillion infrastructure plan. THE GOP BLOCKED IT.

Obama treated small business like shit… fact
Try and keep up fester

All money bills are under the control of the Republican Congress.

Yes there is an R next to the majority, but I understand. It will take a lot of work to overcome 57 years of Democrat failure in congress.

How Small Business Owners View the President's Economic Legacy
President Obama generally gets good marks for shepherding the economic recovery. But there is much more to be done.

How Small Business Owners View the President's Economic Legacy

Try and keep up fester...
The vast majority of small business owners did not vote for barry....
Lol

 

[Rustic]

Obama treated small business like shit… fact
Try and keep up fester

Sure Cupcake

Try and keep up fester...
More rules and regulations disproportionately affect small business adversely, and actually helps large corporations see the Paris accords

More right wing OPINIONS not based in reality or history. Shocking Cupcake

Small business can't afford to pay for frivolous rules and regulations. Trying to keep up fester

WAIT HOW'D THEY DO UNDER 8 YEARS OF DUBYA/GOP "JOB CREATOR" POLICIES AGAIN??? LMAOROG

Great… Try to keep up fester

 

[Rustic]

Sure Cupcake

Try and keep up fester...
More rules and regulations disproportionately affect small business adversely, and actually helps large corporations see the Paris accords

More right wing OPINIONS not based in reality or history. Shocking Cupcake

Small business can't afford to pay for frivolous rules and regulations. Trying to keep up fester

WAIT HOW'D THEY DO UNDER 8 YEARS OF DUBYA/GOP "JOB CREATOR" POLICIES AGAIN??? LMAOROG

Great… Trying to keep up fester

By the way George W. Bush's is and was a progressive... shit for brains

 

[JBond]

Especially in the red states. Ooooh, that's positively orgasmic. How can they compete morally with the angelic beings dwelling in the heavenly blue states?

What's really weird is the fact that 1 in 5 get Welfare nationwide....so it has to be worse in Blue States like California. And a Red State like Texas has alot of illegals dragging down the numbers.

How do ILLEGALS draw SSDI?

Stolen SSNs?

Yes. SS numbers are extra.

Irrelevant. The point still stands.

We all (including the wealthy) pay those taxes. But payroll tax is money you will likely get back.

Social Security: you will get more than you pay into the program if you live the average lifespan.

Medicare: again, you will get more back than you pay into if you live the average lifespan.

FICA: A cute name for an additional SS tax; again, you will get that all back.

City taxes: You get that back through city services such as garbage collection, street lights, paved and maintained streets and roads, police and emergency services.

State taxes: again, paved roads, emergency services, new highways, maintained highways, state contributions to Medicaid, state workers pay and benefits......

This is true, and the problem with socialist entitlement programs less people are putting less into a programs, more people are taking more out of the same programs… That's a loser every time

More than that is the fact the wage earners who support those programs don't use most of them. The wealthy will never need any social safety net programs. They need the military no less than a poor person. They use the same roads and bridges as the poor and middle-class. They don't use education money because they likely send their children to private school or city schools that don't use federal money. They likely don't use veterans benefits such as the VA.

Right, the wealthy don't need a first class US H/C system, or defense department, or functioning court system, or educational system, etc *shaking head*



HINT THEY BENEFIT WHEN THEY HIRE PEOPLE WHO GET THOSE THINGS DUMBASS!


The perfect example of CONservative policy is a 3rd world nation where very few rich live behind walls, a very small middle class and a HUGE working poor population!

Lol! Where did you get the ridiculous Kansas meme. Funny stuff. Completely wrong, but not unexpected from a poster of your level.

OCT 25, 2016
Kansas Gov. Sam Brownback’s trickle-down economics experiment is so bad the state stopped reporting on it
Gov. Brownback wanted to be held accountable. Now that his economic program is a disaster? Not so much
Kansas Gov. Sam Brownback’s trickle-down economics experiment is so bad the state stopped reporting on it


FEB 23, 2017
Kansas GOP revolts, nearly overturns Gov. Sam Brownback’s billion-dollar failed experiment

Republican-led state house votes overwhelmingly to roll back Brownback's 2012 tax cuts, but override falls short

Kansas GOP revolts, nearly overturns Gov. Sam Brownback’s billion-dollar failed experiment



MAY 1, 2017
Kansas: Exhibit A against trickle-down tax cuts

No credible analyst would claim that growth effects from tax cuts come anywhere close to offsetting their cost. There’s no consistent correlation between growth, productivity or investment and changes in tax rates over time or between countries. That’s not to say tax cuts never have any effect on growth (the effects, for the record, can go either way; a new, authoritative analysis of House Republicans’ latest trickle-down tax cut proposal finds, for instance, that its “estimated output effects appear to be limited in size and possibly negative”). But the historical evidence provides no basis for the kinds of claims we’re hearing from team Trump.

We don’t have to look only to history, though. There’s a real-time, trickle-down experiment ongoing in Kansas, one designed by the same folks behind the Trump plan.


In 2012, Kansas Gov. Sam Brownback signed a bill that, among other things, substantially cut the state’s top tax rate and exempted “pass-through” business income from taxation (President Trump’s tax plan includes a similar loophole). The architects of Brownback’s plan predicted that it would provide an “immediate and lasting boost” to the state’s economy.

They were wrong. Real GDP growth in Kansas since the fourth quarter of 2012 (Brownback’s cuts took effect in January 2013) has been relatively slow, at 6.1 percent through the third quarter of 2016. That’s about three-fourths of U.S. GDP growth over that same period (8.3 percent). A similar story holds for private employment growth: 5.0 percent in Kansas between December 2012 and March 2017, 9.1 percent in the U.S. overall. Relative to its neighboring states, Kansas is no standout, either; on these indicators, it’s doing worse than Colorado, Missouri and Nebraska, though better than Oklahoma (another big tax cutter).

Kansas lost $472 million from the pass-through loophole in 2014 alone, and general fund revenue in 2016 was $570 million (0.4 percent of state GDP) below 2013 levels. Casualties of the reduced revenue have included the state’s transportation projects, some of which have been indefinitely postponed, and funding for K-12 and higher education. The state’s bond rating has been downgraded twice, in 2014 and in 2016.

As the table below summarizes (see here for more details), Kansas’s experience puts the lie of the tax cutters’ claims on full display.

WAPO

Perspective | Kansas: Exhibit A against trickle-down tax cuts

You have no ideas. You post memes. We cut spending. States like California with a trillion owed and a new half trillion policy per year passed, soon to escalate, it is bad. Who are you going to rob?

 

[Markle]

Republicans will, as you say, do favors for businessmen and corporations.

Democrats do favors too. Ask Bill about his dealings with the Chinese. You remember that don't you?

Then with Hillary:

 

[Eloy]

Define corporate subsidies. Are you referring to legal tax credits, or do you believe the Feds are send big fat checks to every business owner? Obama had lots of time to work on legal tax credits and failed to do. Now he is cashing in with silly speeches for millions from big banks and others.

BTW, Obama proposed for 5+ years Corp tax reform, cutting the rate from 35% to 28% and take away deductions and use excess money to fund a $1 trillion infrastructure plan. THE GOP BLOCKED IT.

Obama treated small business like shit… fact
Try and keep up fester

Obama vowed to block R&D. The only area startups and small businesses can make a major move against the conglomerates Obama supported.

BTW, Obama proposed for 5+ years Corp tax reform, cutting the rate from 35% to 28% and take away deductions and use excess money to fund a $1 trillion infrastructure plan. THE GOP BLOCKED IT.

Obama treated small business like shit… fact
Try and keep up fester

All money bills are under the control of the Republican Congress.

Yes there is an R next to the majority, but I understand. It will take a lot of work to overcome 57 years of Democrat failure in congress.

How Small Business Owners View the President's Economic Legacy
President Obama generally gets good marks for shepherding the economic recovery. But there is much more to be done.

How Small Business Owners View the President's Economic Legacy

Try and keep up fester...
The vast majority of small business owners did not vote for barry....
Lol

You are correct; corporation executives, bankers, and entrepreneurs, like miners at the last election, vote Republican.

 

[JonKoch]

Especially in the red states. Ooooh, that's positively orgasmic. How can they compete morally with the angelic beings dwelling in the heavenly blue states?

What's really weird is the fact that 1 in 5 get Welfare nationwide....so it has to be worse in Blue States like California. And a Red State like Texas has alot of illegals dragging down the numbers.

How do ILLEGALS draw SSDI?

Stolen SSNs?

Yes. SS numbers are extra.

This is true, and the problem with socialist entitlement programs less people are putting less into a programs, more people are taking more out of the same programs… That's a loser every time

More than that is the fact the wage earners who support those programs don't use most of them. The wealthy will never need any social safety net programs. They need the military no less than a poor person. They use the same roads and bridges as the poor and middle-class. They don't use education money because they likely send their children to private school or city schools that don't use federal money. They likely don't use veterans benefits such as the VA.

Right, the wealthy don't need a first class US H/C system, or defense department, or functioning court system, or educational system, etc *shaking head*



HINT THEY BENEFIT WHEN THEY HIRE PEOPLE WHO GET THOSE THINGS DUMBASS!


The perfect example of CONservative policy is a 3rd world nation where very few rich live behind walls, a very small middle class and a HUGE working poor population!

Lol! Where did you get the ridiculous Kansas meme. Funny stuff. Completely wrong, but not unexpected from a poster of your level.

OCT 25, 2016
Kansas Gov. Sam Brownback’s trickle-down economics experiment is so bad the state stopped reporting on it
Gov. Brownback wanted to be held accountable. Now that his economic program is a disaster? Not so much
Kansas Gov. Sam Brownback’s trickle-down economics experiment is so bad the state stopped reporting on it


FEB 23, 2017
Kansas GOP revolts, nearly overturns Gov. Sam Brownback’s billion-dollar failed experiment

Republican-led state house votes overwhelmingly to roll back Brownback's 2012 tax cuts, but override falls short

Kansas GOP revolts, nearly overturns Gov. Sam Brownback’s billion-dollar failed experiment



MAY 1, 2017
Kansas: Exhibit A against trickle-down tax cuts

No credible analyst would claim that growth effects from tax cuts come anywhere close to offsetting their cost. There’s no consistent correlation between growth, productivity or investment and changes in tax rates over time or between countries. That’s not to say tax cuts never have any effect on growth (the effects, for the record, can go either way; a new, authoritative analysis of House Republicans’ latest trickle-down tax cut proposal finds, for instance, that its “estimated output effects appear to be limited in size and possibly negative”). But the historical evidence provides no basis for the kinds of claims we’re hearing from team Trump.

We don’t have to look only to history, though. There’s a real-time, trickle-down experiment ongoing in Kansas, one designed by the same folks behind the Trump plan.


In 2012, Kansas Gov. Sam Brownback signed a bill that, among other things, substantially cut the state’s top tax rate and exempted “pass-through” business income from taxation (President Trump’s tax plan includes a similar loophole). The architects of Brownback’s plan predicted that it would provide an “immediate and lasting boost” to the state’s economy.

They were wrong. Real GDP growth in Kansas since the fourth quarter of 2012 (Brownback’s cuts took effect in January 2013) has been relatively slow, at 6.1 percent through the third quarter of 2016. That’s about three-fourths of U.S. GDP growth over that same period (8.3 percent). A similar story holds for private employment growth: 5.0 percent in Kansas between December 2012 and March 2017, 9.1 percent in the U.S. overall. Relative to its neighboring states, Kansas is no standout, either; on these indicators, it’s doing worse than Colorado, Missouri and Nebraska, though better than Oklahoma (another big tax cutter).

Kansas lost $472 million from the pass-through loophole in 2014 alone, and general fund revenue in 2016 was $570 million (0.4 percent of state GDP) below 2013 levels. Casualties of the reduced revenue have included the state’s transportation projects, some of which have been indefinitely postponed, and funding for K-12 and higher education. The state’s bond rating has been downgraded twice, in 2014 and in 2016.

As the table below summarizes (see here for more details), Kansas’s experience puts the lie of the tax cutters’ claims on full display.

WAPO

Perspective | Kansas: Exhibit A against trickle-down tax cuts

You have no ideas. You post memes. We cut spending. States like California with a trillion owed and a new half trillion policy per year passed, soon to escalate, it is bad. Who are you going to rob?

MY CALI? THE ONE THAT SUBSIDIZES RED STATES THAT SUCK OFF OUR TEET?


BTW, YOU CUT REVENUES INSTEAD AND CREATING MORE AS WAS PROMISED!





California Leads U.S. Economy, Away From Trump
Whatever the president says, this state does the opposite. It's working.

Look at California, which is one-eighth of the U.S. population with 39 million people and one-seventh of the nation's gross domestic product of $2.3 trillion. Far from being a mess, California's economy is bigger than ever, rivaling the U.K. as No. 5 in the world, when figures for 2016 are officially tabulated.


California is the chief reason America is the only developed economy to achieve record GDP growth since the financial crisis of 2008 and ensuing global recession, according to data compiled by Bloomberg.

Much of the U.S. growth can be traced to California laws promoting clean energy, government accountability and protections for undocumented people. Governor Jerry Brown, now in his fourth term, considers immigrants a major reason for the state's success: "39 percent of us are Latino and the majority are from Mexico," he said in a March 2 interview in his Sacramento office.

In the stock and bond markets, where investors show no allegiance to political parties, California has outperformed the rest of the U.S. the past five years, especially since the Nov. 9 election, when Trump became the fifth person to win the Electoral College and lose the popular vote. California's creditworthiness keeps getting better, measured by the declining premium global investors must pay to ensure against depreciation of the state's debt obligations. That premium has diminished more than for any other state since 2012, according to data compiled by Bloomberg. California, whose voters favored Hillary Clinton two to one, outperformed Treasury bonds since the November election. Texas, which is the second-largest state in population and which supported Trump, became cheaper compared to Treasuries and California in the market for state and local debt since the November election. Investors see security in the state with more protections for immigrants and more regulations.

California's borrowing cost is 0.15 percentage points lower than the average for states and municipalities and has declined to just 0.24 percentage points more than the U.S. pays on its debt, down from 1.97 percentage points in 2013.

At the same time, bonds sold by California's municipalities produced a total return of 2.3 percent since November, outperforming the benchmark for the U.S., according to data compiled by Bloomberg. The growing popularityof bonds sold by California issuers is a consequence of the state's more rigorous regulation of the market, specifically legislation signed by Brown last year, creating greater transparency and accountability for issuers of California debt.

No state or country has created as many laws discouraging fossil fuels and carbon while promoting clean energy. That convergence of policy and voter preference is paying off in the stock market.


...Behind such a favorable outlook is the diversity of the California economy, which grew $42.3 billion during the first three quarters last year. That's almost as much as the next two fastest-growing states, New York and Florida, combined.


California Leads U.S. Economy, Away From Trump

 

[JonKoch]

Republicans will, as you say, do favors for businessmen and corporations.

Democrats do favors too. Ask Bill about his dealings with the Chinese. You remember that don't you?

Then with Hillary:

Donated to a non profit? LMAOROG

 

[Rustic]

Especially in the red states. Ooooh, that's positively orgasmic. How can they compete morally with the angelic beings dwelling in the heavenly blue states?

What's really weird is the fact that 1 in 5 get Welfare nationwide....so it has to be worse in Blue States like California. And a Red State like Texas has alot of illegals dragging down the numbers.

How do ILLEGALS draw SSDI?

Stolen SSNs?

Yes. SS numbers are extra.

More than that is the fact the wage earners who support those programs don't use most of them. The wealthy will never need any social safety net programs. They need the military no less than a poor person. They use the same roads and bridges as the poor and middle-class. They don't use education money because they likely send their children to private school or city schools that don't use federal money. They likely don't use veterans benefits such as the VA.

Right, the wealthy don't need a first class US H/C system, or defense department, or functioning court system, or educational system, etc *shaking head*



HINT THEY BENEFIT WHEN THEY HIRE PEOPLE WHO GET THOSE THINGS DUMBASS!


The perfect example of CONservative policy is a 3rd world nation where very few rich live behind walls, a very small middle class and a HUGE working poor population!

Lol! Where did you get the ridiculous Kansas meme. Funny stuff. Completely wrong, but not unexpected from a poster of your level.

OCT 25, 2016
Kansas Gov. Sam Brownback’s trickle-down economics experiment is so bad the state stopped reporting on it
Gov. Brownback wanted to be held accountable. Now that his economic program is a disaster? Not so much
Kansas Gov. Sam Brownback’s trickle-down economics experiment is so bad the state stopped reporting on it


FEB 23, 2017
Kansas GOP revolts, nearly overturns Gov. Sam Brownback’s billion-dollar failed experiment

Republican-led state house votes overwhelmingly to roll back Brownback's 2012 tax cuts, but override falls short

Kansas GOP revolts, nearly overturns Gov. Sam Brownback’s billion-dollar failed experiment



MAY 1, 2017
Kansas: Exhibit A against trickle-down tax cuts

No credible analyst would claim that growth effects from tax cuts come anywhere close to offsetting their cost. There’s no consistent correlation between growth, productivity or investment and changes in tax rates over time or between countries. That’s not to say tax cuts never have any effect on growth (the effects, for the record, can go either way; a new, authoritative analysis of House Republicans’ latest trickle-down tax cut proposal finds, for instance, that its “estimated output effects appear to be limited in size and possibly negative”). But the historical evidence provides no basis for the kinds of claims we’re hearing from team Trump.

We don’t have to look only to history, though. There’s a real-time, trickle-down experiment ongoing in Kansas, one designed by the same folks behind the Trump plan.


In 2012, Kansas Gov. Sam Brownback signed a bill that, among other things, substantially cut the state’s top tax rate and exempted “pass-through” business income from taxation (President Trump’s tax plan includes a similar loophole). The architects of Brownback’s plan predicted that it would provide an “immediate and lasting boost” to the state’s economy.

They were wrong. Real GDP growth in Kansas since the fourth quarter of 2012 (Brownback’s cuts took effect in January 2013) has been relatively slow, at 6.1 percent through the third quarter of 2016. That’s about three-fourths of U.S. GDP growth over that same period (8.3 percent). A similar story holds for private employment growth: 5.0 percent in Kansas between December 2012 and March 2017, 9.1 percent in the U.S. overall. Relative to its neighboring states, Kansas is no standout, either; on these indicators, it’s doing worse than Colorado, Missouri and Nebraska, though better than Oklahoma (another big tax cutter).

Kansas lost $472 million from the pass-through loophole in 2014 alone, and general fund revenue in 2016 was $570 million (0.4 percent of state GDP) below 2013 levels. Casualties of the reduced revenue have included the state’s transportation projects, some of which have been indefinitely postponed, and funding for K-12 and higher education. The state’s bond rating has been downgraded twice, in 2014 and in 2016.

As the table below summarizes (see here for more details), Kansas’s experience puts the lie of the tax cutters’ claims on full display.

WAPO

Perspective | Kansas: Exhibit A against trickle-down tax cuts

You have no ideas. You post memes. We cut spending. States like California with a trillion owed and a new half trillion policy per year passed, soon to escalate, it is bad. Who are you going to rob?

MY CALI? THE ONE THAT SUBSIDIZES RED STATES THAT SUCK OFF OUR TEET?


BTW, YOU CUT REVENUES INSTEAD AND CREATING MORE AS WAS PROMISED!





California Leads U.S. Economy, Away From Trump
Whatever the president says, this state does the opposite. It's working.

Look at California, which is one-eighth of the U.S. population with 39 million people and one-seventh of the nation's gross domestic product of $2.3 trillion. Far from being a mess, California's economy is bigger than ever, rivaling the U.K. as No. 5 in the world, when figures for 2016 are officially tabulated.


California is the chief reason America is the only developed economy to achieve record GDP growth since the financial crisis of 2008 and ensuing global recession, according to data compiled by Bloomberg.

Much of the U.S. growth can be traced to California laws promoting clean energy, government accountability and protections for undocumented people. Governor Jerry Brown, now in his fourth term, considers immigrants a major reason for the state's success: "39 percent of us are Latino and the majority are from Mexico," he said in a March 2 interview in his Sacramento office.

In the stock and bond markets, where investors show no allegiance to political parties, California has outperformed the rest of the U.S. the past five years, especially since the Nov. 9 election, when Trump became the fifth person to win the Electoral College and lose the popular vote. California's creditworthiness keeps getting better, measured by the declining premium global investors must pay to ensure against depreciation of the state's debt obligations. That premium has diminished more than for any other state since 2012, according to data compiled by Bloomberg. California, whose voters favored Hillary Clinton two to one, outperformed Treasury bonds since the November election. Texas, which is the second-largest state in population and which supported Trump, became cheaper compared to Treasuries and California in the market for state and local debt since the November election. Investors see security in the state with more protections for immigrants and more regulations.

California's borrowing cost is 0.15 percentage points lower than the average for states and municipalities and has declined to just 0.24 percentage points more than the U.S. pays on its debt, down from 1.97 percentage points in 2013.

At the same time, bonds sold by California's municipalities produced a total return of 2.3 percent since November, outperforming the benchmark for the U.S., according to data compiled by Bloomberg. The growing popularityof bonds sold by California issuers is a consequence of the state's more rigorous regulation of the market, specifically legislation signed by Brown last year, creating greater transparency and accountability for issuers of California debt.

No state or country has created as many laws discouraging fossil fuels and carbon while promoting clean energy. That convergence of policy and voter preference is paying off in the stock market.


...Behind such a favorable outlook is the diversity of the California economy, which grew $42.3 billion during the first three quarters last year. That's almost as much as the next two fastest-growing states, New York and Florida, combined.


California Leads U.S. Economy, Away From Trump

Try and keep up fester
Crazy cali does not count...
they are $1 trillion in debt

 

[JonKoch]

What's really weird is the fact that 1 in 5 get Welfare nationwide....so it has to be worse in Blue States like California. And a Red State like Texas has alot of illegals dragging down the numbers.

How do ILLEGALS draw SSDI?

Stolen SSNs?

Yes. SS numbers are extra.

Right, the wealthy don't need a first class US H/C system, or defense department, or functioning court system, or educational system, etc *shaking head*



HINT THEY BENEFIT WHEN THEY HIRE PEOPLE WHO GET THOSE THINGS DUMBASS!


The perfect example of CONservative policy is a 3rd world nation where very few rich live behind walls, a very small middle class and a HUGE working poor population!

Lol! Where did you get the ridiculous Kansas meme. Funny stuff. Completely wrong, but not unexpected from a poster of your level.

OCT 25, 2016
Kansas Gov. Sam Brownback’s trickle-down economics experiment is so bad the state stopped reporting on it
Gov. Brownback wanted to be held accountable. Now that his economic program is a disaster? Not so much
Kansas Gov. Sam Brownback’s trickle-down economics experiment is so bad the state stopped reporting on it


FEB 23, 2017
Kansas GOP revolts, nearly overturns Gov. Sam Brownback’s billion-dollar failed experiment

Republican-led state house votes overwhelmingly to roll back Brownback's 2012 tax cuts, but override falls short

Kansas GOP revolts, nearly overturns Gov. Sam Brownback’s billion-dollar failed experiment



MAY 1, 2017
Kansas: Exhibit A against trickle-down tax cuts

No credible analyst would claim that growth effects from tax cuts come anywhere close to offsetting their cost. There’s no consistent correlation between growth, productivity or investment and changes in tax rates over time or between countries. That’s not to say tax cuts never have any effect on growth (the effects, for the record, can go either way; a new, authoritative analysis of House Republicans’ latest trickle-down tax cut proposal finds, for instance, that its “estimated output effects appear to be limited in size and possibly negative”). But the historical evidence provides no basis for the kinds of claims we’re hearing from team Trump.

We don’t have to look only to history, though. There’s a real-time, trickle-down experiment ongoing in Kansas, one designed by the same folks behind the Trump plan.


In 2012, Kansas Gov. Sam Brownback signed a bill that, among other things, substantially cut the state’s top tax rate and exempted “pass-through” business income from taxation (President Trump’s tax plan includes a similar loophole). The architects of Brownback’s plan predicted that it would provide an “immediate and lasting boost” to the state’s economy.

They were wrong. Real GDP growth in Kansas since the fourth quarter of 2012 (Brownback’s cuts took effect in January 2013) has been relatively slow, at 6.1 percent through the third quarter of 2016. That’s about three-fourths of U.S. GDP growth over that same period (8.3 percent). A similar story holds for private employment growth: 5.0 percent in Kansas between December 2012 and March 2017, 9.1 percent in the U.S. overall. Relative to its neighboring states, Kansas is no standout, either; on these indicators, it’s doing worse than Colorado, Missouri and Nebraska, though better than Oklahoma (another big tax cutter).

Kansas lost $472 million from the pass-through loophole in 2014 alone, and general fund revenue in 2016 was $570 million (0.4 percent of state GDP) below 2013 levels. Casualties of the reduced revenue have included the state’s transportation projects, some of which have been indefinitely postponed, and funding for K-12 and higher education. The state’s bond rating has been downgraded twice, in 2014 and in 2016.

As the table below summarizes (see here for more details), Kansas’s experience puts the lie of the tax cutters’ claims on full display.

WAPO

Perspective | Kansas: Exhibit A against trickle-down tax cuts

You have no ideas. You post memes. We cut spending. States like California with a trillion owed and a new half trillion policy per year passed, soon to escalate, it is bad. Who are you going to rob?

MY CALI? THE ONE THAT SUBSIDIZES RED STATES THAT SUCK OFF OUR TEET?


BTW, YOU CUT REVENUES INSTEAD AND CREATING MORE AS WAS PROMISED!





California Leads U.S. Economy, Away From Trump
Whatever the president says, this state does the opposite. It's working.

Look at California, which is one-eighth of the U.S. population with 39 million people and one-seventh of the nation's gross domestic product of $2.3 trillion. Far from being a mess, California's economy is bigger than ever, rivaling the U.K. as No. 5 in the world, when figures for 2016 are officially tabulated.


California is the chief reason America is the only developed economy to achieve record GDP growth since the financial crisis of 2008 and ensuing global recession, according to data compiled by Bloomberg.

Much of the U.S. growth can be traced to California laws promoting clean energy, government accountability and protections for undocumented people. Governor Jerry Brown, now in his fourth term, considers immigrants a major reason for the state's success: "39 percent of us are Latino and the majority are from Mexico," he said in a March 2 interview in his Sacramento office.

In the stock and bond markets, where investors show no allegiance to political parties, California has outperformed the rest of the U.S. the past five years, especially since the Nov. 9 election, when Trump became the fifth person to win the Electoral College and lose the popular vote. California's creditworthiness keeps getting better, measured by the declining premium global investors must pay to ensure against depreciation of the state's debt obligations. That premium has diminished more than for any other state since 2012, according to data compiled by Bloomberg. California, whose voters favored Hillary Clinton two to one, outperformed Treasury bonds since the November election. Texas, which is the second-largest state in population and which supported Trump, became cheaper compared to Treasuries and California in the market for state and local debt since the November election. Investors see security in the state with more protections for immigrants and more regulations.

California's borrowing cost is 0.15 percentage points lower than the average for states and municipalities and has declined to just 0.24 percentage points more than the U.S. pays on its debt, down from 1.97 percentage points in 2013.

At the same time, bonds sold by California's municipalities produced a total return of 2.3 percent since November, outperforming the benchmark for the U.S., according to data compiled by Bloomberg. The growing popularityof bonds sold by California issuers is a consequence of the state's more rigorous regulation of the market, specifically legislation signed by Brown last year, creating greater transparency and accountability for issuers of California debt.

No state or country has created as many laws discouraging fossil fuels and carbon while promoting clean energy. That convergence of policy and voter preference is paying off in the stock market.


...Behind such a favorable outlook is the diversity of the California economy, which grew $42.3 billion during the first three quarters last year. That's almost as much as the next two fastest-growing states, New York and Florida, combined.


California Leads U.S. Economy, Away From Trump

Try and keep up fester
Crazy cali does not count...
they are $1 trillion in debt

Sure Cupcake, sure. That's why investors are flooding into Cali and their bonds have been upgraded twice AS Kansas has been downgraded since Brownback's trickle down!

 

[Ray From Cleveland]

They already pay more than their fair share. The top 10% of wage earners in this country pay nearly 70% of all collected income taxes. Fair actually means everybody pay an equal amount. Given the fact nearly half of the people in this country pay no income tax at all, fair would be making them start paying a little.

That stunt is getting old Joe. You already tried to use that three or four times. It doesn't work anymore; it really never did.

Bureaucracies are never a good reason for anything. If government restricted you from 95% of work in your field, I'm sure you'd have a different take on that. They keep making it harder and harder every year for me to work any job, and I'm sure they will stop me completely even though I'm capable of working.

The larger the government, the smaller the citizen.

INCOME TAXES AGAIN HUH CUPCAKE?

"The top 10% of wage earners in this country pay nearly 70% of all collected income taxes."

TOP 10% MADE 45.87% OF ALL US INCOME

Paid 69.80% of INCOME taxes (which are only 25% of ALL Gov't taxes)

MIN of $127,695 AGI, AND paid a 20.75% Avg Tax rate


A 2007 study by economists Thomas Piketty and Emmanuel Saez calculated effective tax rates for various income groups.

For people whose income ranked between the top 1 percent and top 0.5 percent, the effective tax rate for individual, corporate, payroll and estate was 34.0 percent in 1960, 36.1 percent in 1970, 37.6 percent in 1980, 31.5 percent in 1990, 35.7 percent in 2000 and 31.3 percent in 2004.

For those earning between the top 0.1 percent and 0.5 percent of the income curve, the numbers were 41.4 percent in 1960, 44.6 percent in 1970, 43.0 percent in 1980, 33.0 percent in 1990, 38.4 percent in 2000 and 33.0 percent in 2004.

For those earning between 0.01 percent and 0.1 percent, the rates were 55.3 percent in 1960, 59.1 percent in 1970, 51.0 percent in 1980, 34.3 percent in 1990, 40.2 percent in 2000 and 34.1 percent in 2004.

Finally, for those in the top 0.01 percent of the income distribution, the effective tax rate was 71.4 percent in 1960, 74.6 percent in 1970, 59.3 percent in 1980, 35.4 percent in 1990, 40.8 percent in 2000 and 34.7 percent in 2004.

Barack Obama says tax rates are lowest since 1950s for CEOs, hedge fund managers



The fortunate 400: David Cay Johnston

Six American families paid no federal income taxes in 2009 while making something on the order of $200 million each.


In addition to the six who paid no tax, another 110 families paid 15 percent or less in federal income taxes. That's the same federal tax rate as a single worker who made $61,500 in 2009.

Overall, the top 400 paid an average income tax rate of 19.9 percent, the same rate paid by a single worker who made $110,000 in 2009. The top 400 earned five times that much every day.


The fortunate 400: David Cay Johnston



Those who advocate for tax cuts for the highest earners and erroneously claim that the wealthy are overtaxed focus solely on the federal personal income tax, while ignoring all of the other taxes that Americans pay. As the table to the right illustrates, the total share of taxes (federal, state, and local) that will be paid by Americans across the economic spectrum in 2016 is roughly equal to their total share of income

Who Pays Taxes in America in 2016? | CTJReports

Irrelevant. The point still stands.

We all (including the wealthy) pay those taxes. But payroll tax is money you will likely get back.

Social Security: you will get more than you pay into the program if you live the average lifespan.

Medicare: again, you will get more back than you pay into if you live the average lifespan.

FICA: A cute name for an additional SS tax; again, you will get that all back.

City taxes: You get that back through city services such as garbage collection, street lights, paved and maintained streets and roads, police and emergency services.

State taxes: again, paved roads, emergency services, new highways, maintained highways, state contributions to Medicaid, state workers pay and benefits......

This is true, and the problem with socialist entitlement programs less people are putting less into a programs, more people are taking more out of the same programs… That's a loser every time

More than that is the fact the wage earners who support those programs don't use most of them. The wealthy will never need any social safety net programs. They need the military no less than a poor person. They use the same roads and bridges as the poor and middle-class. They don't use education money because they likely send their children to private school or city schools that don't use federal money. They likely don't use veterans benefits such as the VA.

Right, the wealthy don't need a first class US H/C system, or defense department, or functioning court system, or educational system, etc *shaking head*



HINT THEY BENEFIT WHEN THEY HIRE PEOPLE WHO GET THOSE THINGS DUMBASS!


The perfect example of CONservative policy is a 3rd world nation where very few rich live behind walls, a very small middle class and a HUGE working poor population!

HINT THEY BENEFIT WHEN THEY HIRE PEOPLE WHO GET THOSE THINGS DUMBASS!

What does that have to do with it? It doesn't matter to the employer what their employees get from the government, it has nothing to do with their business. Their employees will work for them if the government is showering them with gifts or gives them nothing at all.

I would say "nice try" but it wasn't.

 

[JoeB131]

They already pay more than their fair share. The top 10% of wage earners in this country pay nearly 70% of all collected income taxes.

1) Income Taxes aren't the only tax out there.
2) the top 10% control more than 70% of the wealth. so they aren't paying hteir fair share.

That stunt is getting old Joe. You already tried to use that three or four times. It doesn't work anymore; it really never did.

Well, I spell something out pretty clearly, and you stand there like a drooling retard not understanding it.

Bureaucracies are never a good reason for anything. If government restricted you from 95% of work in your field, I'm sure you'd have a different take on that. They keep making it harder and harder every year for me to work any job, and I'm sure they will stop me completely even though I'm capable of working.

Well, funny thing. I have two jobs and neither one of them brings me into any contact with the government at all. So honestly, it sounds like a lot of excuse making.

 

[Ray From Cleveland]

Republicans will do nothing for the poor.

Trying to create a positive pro growth business environment has everything to do with helping the poor. More jobs.

What does not help the poor is flooding the country with no-skill workers that compete for entry level jobs.

Republicans will, as you say, do favors for businessmen and corporations.

And the Democrats don't?

 

[Geaux4it]

Regardless where in America, SS Disability applications and approvals increased expodentially under the Obama administration.

-Geaux

 

[JoeB131]

The truth is responsible able bodied people don't need these programs because they made sure they didn't have children before they could support them. So when we see food stamp people driving a late model vehicle, with four kids, using food stamps, and then whipping out a wad of cash for cigarettes, alcohol, greeting cards, flowers, huge bags of dog food and cat litter, we get a little irritated.

Okay, so let's look at this Stormfront fantasy.

A pack of cigarettes in Cleveland- $6.00.
A bottle of booze $10.00
Greeting cards $ 2.00
Bag of Dog Food $30.00
Cost of a bag of Kitty Litter $10.00

So this huge spending spree that has you sooooo concerned cost all of $58.00. OH MY GOD WHAT A SCANDAL!!!!

Meanwhile a family of four would need about $146.00 a week to feed itself, minimum. The maximum Snap Benefit they would get would be $649 a month. so they are hardly "living large".

 

[JoeB131]

Regardless where in America, SS Disability applications and approvals increased expodentially under them Obama administration.

But they expanded faster in the red states... and here's the problem. The problem isn't that these people couldn't work, the problem is employers are reluctant to hire them.

So I'd have no problem if we replaced disability payments with job placement. everyone is guaranteed a job that pays a living wage. Disability would be for those who are truly disabled to the point of being unable to work.

I know what your ilk would say, "Eeeeeeek, Socialism!!!"

 

[Ray From Cleveland]

1) Income Taxes aren't the only tax out there.
2) the top 10% control more than 70% of the wealth. so they aren't paying hteir fair share.

Income taxes are what supports our government and government systems. All other taxes go to support other things; things you get from the government or will get after you retire.

It doesn't matter what people have. When you go to Wendy's for a hamburger, do they ask you what you make a year or do they charge you the same amount of money as they do the poor guy behind you? Many working pay no income tax at all. The wealthy are the people that almost entirely support our federal government and all the goodies they hand out to people. The wealthy pay way too much as it is. But greedy people like you want them to pay even more.

Well, I spell something out pretty clearly, and you stand there like a drooling retard not understanding it.

No, you use this tactic when you are cornered and have no rebuttal. You've done it several times already.

Well, funny thing. I have two jobs and neither one of them brings me into any contact with the government at all. So honestly, it sounds like a lot of excuse making.

That's your job and most jobs. Driving a CDL vehicle requires you to take physicals every two years, or in my case, every year. When government keeps increasing the qualifications to drive and you can't meet those qualifications, you are limited to the jobs they allow you to apply for, or will stop you from working altogether. It depends on what kind of nonsense bureacurats dream up year to year.

You see, it wasn't too bad a few years back. They allowed you to have your doctor qualify you if whether you could drive or not based on your medical condition. But like always, government fucks things up as usual, so now I have to have my physicals done by a government approved doctor; a doctor that doesn't treat my condition nor has any knowledge of it. What doctor wants to give you a medical waiver for an illness he or she doesn't treat? That's the stupidity of your federal government. No doctor wants to risk their liability by giving you a pass on an illness they haven't followed. Your own doctor, yes, because your doctor is familiar with your history and the treatment they've provided, but not a complete stranger.