GOP view of economy disconnected from reality

[citygator]

You sound like Biden's press secretary

Thank you.

 

[Toddsterpatriot]

Here you can see corporate tax receipts go DOWN while profits stay high 2016-2020.

View attachment 865349

View attachment 865352

Trump's tax cuts, in place years before Biden took office, are responsible for his addition to the debt this year to hit $2 trillion?

Damn, you're getting more retarded the longer you post.

 

[Toddsterpatriot]

If those tax cuts had not went into effect, what would the revenue be from the previous tax rate.

Any analyst of those tax cuts shows they didn't work and costed our government revenue.

Any analyst of those tax cuts shows they didn't work

Didn't work? Why do you feel they didn't work?

and costed our government revenue.

Business owners saved money? That's awful! Why is that awful?

 

[CrusaderFrank]

Thank you.

To you that’s a compliment

 

[Toddsterpatriot]

The tax revenue from corporations went down dramatically exactly when Trump cut the tax rates of corporations.

But Otto said they didn't work!

 

[otto105]

But Otto said they didn't work!

https://www.factcheck.org/2021/10/trumps-final-numbers/

His mark of 2.6% GDP growth shows the tax cuts did nothing.

 

[jotathought]

No. There are people who say the economy sucks as an FU to demcrats while spending a record amount of their money on Black Friday cyber deals and snatch up homes like they are going out of style… while saying the economy is bad.

Meanwhile .. 25% of consumers have debt ... from last year's holiday spending, and credit card debt is at an all time high. But .. the economy is just great as consumers are spending more money for good and services due to 40 year high inflation rates, the housing market sucks and interest rates are 8%+. But the economy is great!

 

[citygator]

Meanwhile .. 25% of consumers have debt ... from last year's holiday spending, and credit card debt is at an all time high. But .. the economy is just great as consumers are spending more money for good and services due to 40 year high inflation rates, the housing market sucks and interest rates are 8%+. But the economy is great!

Incomes are at an all time high so is employment. The credit card debt services are steady at all time lows. Means payments are a tiny part of incomes.

 

[otto105]

Meanwhile .. 25% of consumers have debt ... from last year's holiday spending, and credit card debt is at an all time high. But .. the economy is just great as consumers are spending more money for good and services due to 40 year high inflation rates, the housing market sucks and interest rates are 8%+. But the economy is great!

Oh no!!! The sky is falling!

 

[Toddsterpatriot]

https://www.factcheck.org/2021/10/trumps-final-numbers/

His mark of 2.6% GDP growth shows the tax cuts did nothing.

So what did they cost the government?

 

[otto105]

So what did they cost the government?

More than the $7.7 trillion he increased the deficit.

 

[Toddsterpatriot]

More than the $7.7 trillion he increased the deficit.

Any backup for this claim?
I thought leftists were whining it would cost $2 trillion over 10 years?

 

[otto105]

Any backup for this claim?
I thought leftists were whining it would cost $2 trillion over 10 years?

That is the amount the former 1-term fuckup increased the federal deficit. The same deficit that he promised to eliminate.

 

[Toddsterpatriot]

That is the amount the former 1-term fuckup increased the federal deficit. The same deficit that he promised to eliminate.

We're talking about the tax cut, not the China Flu.
Try to focus for a minute.

 

[otto105]

We're talking about the tax cut, not the China Flu.
Try to focus for a minute.

You mean those tax cuts that were not offset and ballooned the deficit.

 

[Toddsterpatriot]

You mean those tax cuts that were not offset and ballooned the deficit.

Yes, you moron, how much did the tax cut supposedly cost the government?
Are you drunk? Or just stupid?

 

[otto105]

Yes, you moron, how much did the tax cut supposedly cost the government?
Are you drunk? Or just stupid?

Google deficit.

 

[Toddsterpatriot]

Google deficit.

More than the $7.7 trillion he increased the deficit.

Hilarious!

 

[otto105]

because like taz said.....some people live beyond their means and dont seem to care if they go into CC debt to do it.....

Some people do that all the time. Not just because Biden is president.

 

[otto105]

More than the $7.7 trillion he increased the deficit.

Hilarious!

Now why didn’t those tax cuts stop all the deficit increase?