*Dozen Eggs: $4.50 Dollar General*

[boilermaker55]

Still cannot see your way of trying to understand the free market!
Try again Al!

Why dont you have a problem with policies of the democrats that destroy the free market!

 

[AntonToo]

The tax cuts are due to expire at the end of next year and will cost all of us a LOT if they are not renewed.

Well if not having tax-cuts COSTS US A LOT, then why don't we get even more tax cuts?

Oh wait I remember why - because our budget is in deep red as far as the eye can see.


Mos tlikely reality is that there will be negotiations to raise some tax rates and cut some spending, like what happened during Obama years and Bush's expiring tax cuts.

 

[Foxfyre]

Well if not having tax-cuts COSTS US A LOT, then why don't we get even more tax cuts?

Oh wait I remember why - because our budget is in deep red as far as the eye can see.


Mos tlikely reality is that there will be negotiations to raise some tax rates and cut some spending, like what happened during Obama years and Bush's expiring tax cuts.

Treasury revenues were way up after the Trump tax cuts because far more people were working and paying taxes and paying more in taxes because their incomes were up too.

Even Investor's Daily, one of the most anti-Trump publications out there, admitted it:

Go Figure: Federal Revenues Hit All-Time Highs Under Trump Tax Cuts

Critics of the Trump tax cuts said they would blow a hole in the deficit. Yet individual income taxes climbed 6% in the just-ended fiscal 2018.

www.investors.com

 

[AntonToo]

Treasury revenues were way up after the Trump tax cuts because far more people were working and paying taxes and paying more in taxes because their incomes were up too.

Even Investor's Daily, one of the most anti-Trump publications out there, admitted it:

Go Figure: Federal Revenues Hit All-Time Highs Under Trump Tax Cuts

Critics of the Trump tax cuts said they would blow a hole in the deficit. Yet individual income taxes climbed 6% in the just-ended fiscal 2018.

www.investors.com

Bullshit, I personally tracked down monthly federal personal income reciepts and they were all well bellow projected baseline.

Revenues are down down dow

June revenue numbers are out and it ain't looking pretty for our fiscal situation. Free lunch tax-cut theorists need to pay attention here. Compared to same period in FY2017: Oct 18 + $14B Nov 18 + $8B Dec 18 + $7B Jan 18 + $17B

www.usmessageboard.com

Clearly revenues were at higher levels before Bush and Trump tax-cuts and there are no serious economists buying tax-cut cult free lunch myths.

 

[Foxfyre]

Bullshit, I personally tracked down monthly federal personal income reciepts and they were all well bellow projected baseline.

Revenues are down down dow

June revenue numbers are out and it ain't looking pretty for our fiscal situation. Free lunch tax-cut theorists need to pay attention here. Compared to same period in FY2017: Oct 18 + $14B Nov 18 + $8B Dec 18 + $7B Jan 18 + $17B

www.usmessageboard.com

There are no serious economists buying tax-cut cult free lunch stories.

We are talking treasury revenues, not free lunches. But during the Trump years millions no longer need SNAP or free lunches because they were doing so much better financially.

U.S. Federal Government Tax Revenue

The federal government generates tax revenue through sources like income and corporate taxes. Learn how much tax revenue the U.S. generates each year.

www.thebalancemoney.com

Factcheck.org, another consistently anti-Trump publication, did its damndest to downplay the effect of the Trump economy but had to admit Trump policies didn't hurt anybody:

https://www.factcheck.org/2020/03/trumps-welfare-claim/

 

[AntonToo]

We are talking treasury revenues, not free lunches.

You are talking about taxing people less and at the same time collecting more revenues. Thats what is reffered to in economics as a free-lunch policy, where everyone wins.

Who DOESN'T want to pay less taxes? Who doesn't want for government to also collect more revenues at the same time?

It's just that it sounds too good to be true...BECAUSE IT IS. Left or right, there are no serious economists that think that the reduction of current tax rates would result in so much efficiency gain that it would fully offset the first order revenue loss.

 

[Foxfyre]

You are talking about taxing people less and at the same time collecting more revenues. Thats what is reffered to in economics as a free-lunch policy, where everyone wins.

Who DOESN'T want to pay less taxes? Who doesn't want for government to also collect more revenues at the same time?

It's just that it sounds too good to be true...BECAUSE IT IS.

The figures don't lie. You have 10 people working paying $10 each in taxes = $100
You have 15 people working paying $8 each in taxes = $120

Government policy can't be measured by a single qualifier. You have to consider the overall affect on people's behavior generated by that government policy.

Example: Bush 41's new taxes on the rich--the tax initiative that cost him his re-election--was supposed to bring down what then was an unacceptable deficit. Instead it drove much of our precious metals and jewelry industry off shore and decimated our private boat and airplane industries putting thousands out of work. The rich simply went out of country to purchase their toys and shiny things. And all that contributed to the recession coupled with high unemployment, inflation, interest rates that Carter's mismanaged and made even worse.

Good government does not look to the rich to alleviate the problems of the poor. Good government looks for ways to enable the poor to get themselves out of poverty.

Trump's tax and other reforms not only put more money into people's pockets that created a thriving economy, but they encouraged more entrepreneurship, business expansion, hiring, people could move out of part time jobs into permanent full time jobs with improved salaries and benefits that helped ALL demographics, most especially many minority groups and the hardcore unemployed that were able to become employed.

Biden and Kamala's intention to reverse all that with their own anti-business, anti-prosperity programs is not just bad government. It is insane.