The Republican Tax Cut Myth

[g5000]

Look, people. Adding another $1,500,000,000,000 to the national debt is okay if Trump does it.

That's why you cannot call these people conservatives.

Pseudocons only care about the debt when someone with a D is in the White House.

Ain't hypocrisy grand?

 

[Brain357]

Silly is anyone who still believes in supply side economics. We just had the Kansas experiment among many other failures.

A quick refresher: Kansas's Republican Governor Sam Brownback pushed through a substantial change in the state tax code, centered around lowering rates. He promised it would lead to more growth, tax revenue and jobs. Instead, there have been persistent tax revenue shortfalls, huge spending cuts and disappointing job creation. As my Bloomberg View colleague Justin Fox wrote, Kansas is badly lagging its neighbors, all of which have similar economies. Even worse, people (especially young people) are fleeing the state. Kansas was one of the highest outbound migration states in 2014, 2015 and 2016. 1 The vast majority of people who have moved out were either transferring when their companies left or were seeking employment elsewhere.

The Kansas Supply-Side Experiment Unravels

Silly is anyone who still believes in supply side economics.

I know, tax rates have absolutely no impact on behavior. DERP!

Sure didn't help Kansas. Oh and those Bush tax cuts sure led to prosperity. And well Reagan just tripled the debt right?

Yeah, Reagan added $1.6 trillion to the debt and beat the Evil Empire.
Obama added $9.3 trillion and made the world worse.

But, hey, he was kinda black, eh comrade?

Yeah and Reagan was 37 years ago. The dollar wasn't then what it is now. He tripled the debt. Bush just about doubled the debt. Go tax cuts.

Obama raised taxes, had an awesome fucking economy and STILL added $9.3 trillion to the debt. DERP!

And he kept the bush tax cuts.

 

[g5000]

Obama cut payroll taxes after he took over after Bush crashed the economy.

Later, Obama returned the payroll taxes back to normal when conditions improved.

Pseudocons called this a "tax increase".

 

[g5000]

Obama drastically cut deficits.

Trump wants to ramp them back up.

It's Okay When Trump Does It!™

That's what Trump did as a private citizen, too. He borrowed heavily, and then lost billions for his investors.

Get ready America. You're about to be ass-fucked again.

Trump actually believes he can renegotiate America's debt the same way he renegotiated in bankruptcy court!

Even worse, his Plan B is to hyperinflate the shit out of our currency.

 

[bripat9643]

Why the GOP believes in a decades-old tax myth

I've seen this movie before.

Republicans claim tax cuts for the rich will stimulate the economy and pay for themselves.

Then they enact this crank policy and it blows a big hole in the deficit and the economy spirals into a recession.

Reagan did this in the early 1980s and the economy immediately tanked while the deficit exploded. He was forced to agree to tax increases which his administration called "revenue enhancements."

Bush jr. did this in the early 2000s. The economy immediately went into a slight recession, then entered a near depression a few years later, while the deficit exploded.

Kansas tried this just a few years ago. Now, they can't afford to keep their schools open and the state's economy grew at a slower pace than all of their neighboring states where taxes were not cut so severely.

Republicans try this over and over and over and it never works. Tax cuts never pay for themselves.

Yet, they are going to try it again.

What do they say about doing the same thing over and over and over and expecting different results? Isn't it the definition of insanity?

Republicans claim tax cuts for the rich will stimulate the economy and pay for themselves.

They stimulate the economy.
They don't pay for themselves.

Cut taxes now.

Then they enact this crank policy and it blows a big hole in the deficit and the economy spirals into a recession.

Lower taxes and deficits cause recession? Are you sure?

They don't cause recessions. But lower taxes do not stimulate the economy and they never have. Whenever Republicans cut taxes we end up in a recession. That proves cutting taxes doesn't stimulate the economy.

The following chart proves you wrong:

 

[bripat9643]

Why can’t we even just have a tax cut for the working class.? Cons always want the rich to benefit from tax cuts , wh maybe some crumbs to working people just for show .

The working class doesn't pay federal income taxes. The rich pay almost all the federal income taxes.

 

[bripat9643]

Obama drastically cut deficits.

Trump wants to ramp them back up.

It's Okay When Trump Does It!™

That's what Trump did as a private citizen, too. He borrowed heavily, and then lost billions for his investors.

Get ready America. You're about to be ass-fucked again.

Trump actually believes he can renegotiate America's debt the same way he renegotiated in bankruptcy court!

Even worse, his Plan B is to hyperinflate the shit out of our currency.

Obama cut deficites?

You're even dumber than I originally suspected? How is a $1.5 trillion deficit a cut?

 

[bripat9643]

Why the GOP believes in a decades-old tax myth

I've seen this movie before.

Republicans claim tax cuts for the rich will stimulate the economy and pay for themselves.

Then they enact this crank policy and it blows a big hole in the deficit and the economy spirals into a recession.

Reagan did this in the early 1980s and the economy immediately tanked while the deficit exploded. He was forced to agree to tax increases which his administration called "revenue enhancements."

Bush jr. did this in the early 2000s. The economy immediately went into a slight recession, then entered a near depression a few years later, while the deficit exploded.

Kansas tried this just a few years ago. Now, they can't afford to keep their schools open and the state's economy grew at a slower pace than all of their neighboring states where taxes were not cut so severely.

Republicans try this over and over and over and it never works. Tax cuts never pay for themselves.

Yet, they are going to try it again.

What do they say about doing the same thing over and over and over and expecting different results? Isn't it the definition of insanity?

If paying taxes is such a good thing then every damn American should pay them. Flat Fair Tax no exceptions no exemptions, no excuses. Game. Set. Match!

A flat tax is extremely unfair. A waitress pulling in nickels and dimes should pay the same rate as a plutocrat making hundreds of millions per year? No way.

Why not?

 

[bripat9643]

Why the GOP believes in a decades-old tax myth

I've seen this movie before.

Republicans claim tax cuts for the rich will stimulate the economy and pay for themselves.

Then they enact this crank policy and it blows a big hole in the deficit and the economy spirals into a recession.

Reagan did this in the early 1980s and the economy immediately tanked while the deficit exploded. He was forced to agree to tax increases which his administration called "revenue enhancements."

Bush jr. did this in the early 2000s. The economy immediately went into a slight recession, then entered a near depression a few years later, while the deficit exploded.

Kansas tried this just a few years ago. Now, they can't afford to keep their schools open and the state's economy grew at a slower pace than all of their neighboring states where taxes were not cut so severely.

Republicans try this over and over and over and it never works. Tax cuts never pay for themselves.

Yet, they are going to try it again.

What do they say about doing the same thing over and over and over and expecting different results? Isn't it the definition of insanity?

Republicans claim tax cuts for the rich will stimulate the economy and pay for themselves.

They stimulate the economy.
They don't pay for themselves.

Cut taxes now.

Then they enact this crank policy and it blows a big hole in the deficit and the economy spirals into a recession.

Lower taxes and deficits cause recession? Are you sure?

They don't cause recessions. But lower taxes do not stimulate the economy and they never have. Whenever Republicans cut taxes we end up in a recession. That proves cutting taxes doesn't stimulate the economy.

But lower taxes do not stimulate the economy and they never have.

Why do you feel that?

Whenever Republicans cut taxes we end up in a recession.

There is a business cycle. Recessions happen. Why do you feel tax cuts cause them?
Walk through the steps.

Facts and history show tax cuts do not stimulate the economy. I'm 55 years old and I remember this happened. Reagan cut taxes, yet economic growth was lower in the 1980s than it was in the 1970s and 1990s when taxes were increased. Bush jr. cut taxes and we all know what happened by the end of his term.

BTW, try reading what I wrote. I specifically wrote "they (tax cuts) don't cause recessions." Here, I will repeat it again...Tax cuts don't cause recessions. But cutting taxes never prevents recessions which proves they do not stimulate the economy.

You must be suffering from brain damage, because what you "remember" is false.

 

[Toddsterpatriot]

Silly is anyone who still believes in supply side economics.

I know, tax rates have absolutely no impact on behavior. DERP!

Sure didn't help Kansas. Oh and those Bush tax cuts sure led to prosperity. And well Reagan just tripled the debt right?

Yeah, Reagan added $1.6 trillion to the debt and beat the Evil Empire.
Obama added $9.3 trillion and made the world worse.

But, hey, he was kinda black, eh comrade?

Yeah and Reagan was 37 years ago. The dollar wasn't then what it is now. He tripled the debt. Bush just about doubled the debt. Go tax cuts.

Obama raised taxes, had an awesome fucking economy and STILL added $9.3 trillion to the debt. DERP!

And he kept the bush tax cuts.

Is that why the recession ended so quickly?

 

[Brain357]

Sure didn't help Kansas. Oh and those Bush tax cuts sure led to prosperity. And well Reagan just tripled the debt right?

Yeah, Reagan added $1.6 trillion to the debt and beat the Evil Empire.
Obama added $9.3 trillion and made the world worse.

But, hey, he was kinda black, eh comrade?

Yeah and Reagan was 37 years ago. The dollar wasn't then what it is now. He tripled the debt. Bush just about doubled the debt. Go tax cuts.

Obama raised taxes, had an awesome fucking economy and STILL added $9.3 trillion to the debt. DERP!

And he kept the bush tax cuts.

Is that why the recession ended so quickly?

no

 

[Toddsterpatriot]

Obama cut payroll taxes after he took over after Bush crashed the economy.

Later, Obama returned the payroll taxes back to normal when conditions improved.

Pseudocons called this a "tax increase".

Reagan cut the top rate to 28%.
When Bush increased the top rate to 31%, was that a tax increase?

 

[Toddsterpatriot]

Obama drastically cut deficits.

Trump wants to ramp them back up.

It's Okay When Trump Does It!™

That's what Trump did as a private citizen, too. He borrowed heavily, and then lost billions for his investors.

Get ready America. You're about to be ass-fucked again.

Trump actually believes he can renegotiate America's debt the same way he renegotiated in bankruptcy court!

Even worse, his Plan B is to hyperinflate the shit out of our currency.

Obama drastically cut deficits.

What did he do that drastically cut deficits?
Must have been a groovy piece of legislation.
You have a link?

 

[John Shaw]

The boomers have doomed future generations to debt slavery. Nothing is going to prevent that future at this point. They've fucked us good and hard, and they're going to get away with it. It's sad, but we just have to accept that America will never be the country it once was. We are falling behind the rest of the developed world in almost every arena of consequence.

Dude, DUDE! The boomers didn't screw you; the politicians did! They made promises to get re-elected into power, that were pie in the sky. I do not get it; really I do not! They promised this stuff, and said it will all be ok. Now you have more of these critters doing the same thing, and people STILL believe them.

Let me ask----------->who believes we can take in millions of people that are illegal, give them freebies, but it doesn't cost the taxpayers a cent? Is there ANYBODY DUMBE enough to believe that this is a good idea?!?!?!?!?!?!?!?!

Nope. The boomers did. Who elected those politicians? Who stood by and let the fat cats and their butt buddies in Washington fuck their descendants into a stupefied coma? Who is promoting these tax cuts that are likely to just be one more nail in the coffin for us young folks? That's right; everyday boomers. The responsibility lies not only in the leaders, but in the people as well.

And we millennials also bear some responsibility ... but it is hard to soar when you come out of the nest with your wings clipped. Poor parenting. Terrible governance. Utter neglect, greed, and all-around selfishness. That's the legacy that the boomers will leave behind. Along with the wreckage that was once America.

 

[rightwinger]

View attachment 158169

Why the GOP believes in a decades-old tax myth

I've seen this movie before.

Republicans claim tax cuts for the rich will stimulate the economy and pay for themselves.

Then they enact this crank policy and it blows a big hole in the deficit and the economy spirals into a recession.

Reagan did this in the early 1980s and the economy immediately tanked while the deficit exploded. He was forced to agree to tax increases which his administration called "revenue enhancements."

Bush jr. did this in the early 2000s. The economy immediately went into a slight recession, then entered a near depression a few years later, while the deficit exploded.

Kansas tried this just a few years ago. Now, they can't afford to keep their schools open and the state's economy grew at a slower pace than all of their neighboring states where taxes were not cut so severely.

Republicans try this over and over and over and it never works. Tax cuts never pay for themselves.

Yet, they are going to try it again.

What do they say about doing the same thing over and over and over and expecting different results? Isn't it the definition of insanity?

The Left Wingers are unable to connect the dots on economic issues.
They can't show cause and effect.
They attempt to use lame time-line logic to explain economic issues.
They hate rich people, but everyone wants to be rich.
Even the dumb liberal crackpots want to be rich.

They think taxes are great as long as they do not have to pay them.

Trump pays zero federal tax

Freeloader

View attachment 158169

Why the GOP believes in a decades-old tax myth

I've seen this movie before.

Republicans claim tax cuts for the rich will stimulate the economy and pay for themselves.

Then they enact this crank policy and it blows a big hole in the deficit and the economy spirals into a recession.

Reagan did this in the early 1980s and the economy immediately tanked while the deficit exploded. He was forced to agree to tax increases which his administration called "revenue enhancements."

Bush jr. did this in the early 2000s. The economy immediately went into a slight recession, then entered a near depression a few years later, while the deficit exploded.

Kansas tried this just a few years ago. Now, they can't afford to keep their schools open and the state's economy grew at a slower pace than all of their neighboring states where taxes were not cut so severely.

Republicans try this over and over and over and it never works. Tax cuts never pay for themselves.

Yet, they are going to try it again.

What do they say about doing the same thing over and over and over and expecting different results? Isn't it the definition of insanity?

The Left Wingers are unable to connect the dots on economic issues.
They can't show cause and effect.
They attempt to use lame time-line logic to explain economic issues.
They hate rich people, but everyone wants to be rich.
Even the dumb liberal crackpots want to be rich.

They think taxes are great as long as they do not have to pay them.

Trump pays zero federal tax

Freeloader

Show us. Liar.

Trump admitted it in the debates ....LIAR
He said not paying taxes makes him smart

 

[rightwinger]

Obama drastically cut deficits.

Trump wants to ramp them back up.

It's Okay When Trump Does It!™

That's what Trump did as a private citizen, too. He borrowed heavily, and then lost billions for his investors.

Get ready America. You're about to be ass-fucked again.

Trump actually believes he can renegotiate America's debt the same way he renegotiated in bankruptcy court!

Even worse, his Plan B is to hyperinflate the shit out of our currency.

Obama cut deficites?

You're even dumber than I originally suspected? How is a $1.5 trillion deficit a cut?

He started at $1.5 trillion
Got it down to $600 billion

 

[WillowTree]

View attachment 158169

Why the GOP believes in a decades-old tax myth

I've seen this movie before.

Republicans claim tax cuts for the rich will stimulate the economy and pay for themselves.

Then they enact this crank policy and it blows a big hole in the deficit and the economy spirals into a recession.

Reagan did this in the early 1980s and the economy immediately tanked while the deficit exploded. He was forced to agree to tax increases which his administration called "revenue enhancements."

Bush jr. did this in the early 2000s. The economy immediately went into a slight recession, then entered a near depression a few years later, while the deficit exploded.

Kansas tried this just a few years ago. Now, they can't afford to keep their schools open and the state's economy grew at a slower pace than all of their neighboring states where taxes were not cut so severely.

Republicans try this over and over and over and it never works. Tax cuts never pay for themselves.

Yet, they are going to try it again.

What do they say about doing the same thing over and over and over and expecting different results? Isn't it the definition of insanity?

The Left Wingers are unable to connect the dots on economic issues.
They can't show cause and effect.
They attempt to use lame time-line logic to explain economic issues.
They hate rich people, but everyone wants to be rich.
Even the dumb liberal crackpots want to be rich.

They think taxes are great as long as they do not have to pay them.

Trump pays zero federal tax

Freeloader

View attachment 158169

Why the GOP believes in a decades-old tax myth

I've seen this movie before.

Republicans claim tax cuts for the rich will stimulate the economy and pay for themselves.

Then they enact this crank policy and it blows a big hole in the deficit and the economy spirals into a recession.

Reagan did this in the early 1980s and the economy immediately tanked while the deficit exploded. He was forced to agree to tax increases which his administration called "revenue enhancements."

Bush jr. did this in the early 2000s. The economy immediately went into a slight recession, then entered a near depression a few years later, while the deficit exploded.

Kansas tried this just a few years ago. Now, they can't afford to keep their schools open and the state's economy grew at a slower pace than all of their neighboring states where taxes were not cut so severely.

Republicans try this over and over and over and it never works. Tax cuts never pay for themselves.

Yet, they are going to try it again.

What do they say about doing the same thing over and over and over and expecting different results? Isn't it the definition of insanity?

The Left Wingers are unable to connect the dots on economic issues.
They can't show cause and effect.
They attempt to use lame time-line logic to explain economic issues.
They hate rich people, but everyone wants to be rich.
Even the dumb liberal crackpots want to be rich.

They think taxes are great as long as they do not have to pay them.

Trump pays zero federal tax

Freeloader

Show us. Liar.

Trump admitted it in the debates ....LIAR
He said not paying taxes makes him smart

But his taxes for one year were published, he paid more than you will ever hope to make in ten lifetimes so that makes you the liar!

 

[rightwinger]

View attachment 158169

The Left Wingers are unable to connect the dots on economic issues.
They can't show cause and effect.
They attempt to use lame time-line logic to explain economic issues.
They hate rich people, but everyone wants to be rich.
Even the dumb liberal crackpots want to be rich.

They think taxes are great as long as they do not have to pay them.

Trump pays zero federal tax

Freeloader

View attachment 158169

The Left Wingers are unable to connect the dots on economic issues.
They can't show cause and effect.
They attempt to use lame time-line logic to explain economic issues.
They hate rich people, but everyone wants to be rich.
Even the dumb liberal crackpots want to be rich.

They think taxes are great as long as they do not have to pay them.

Trump pays zero federal tax

Freeloader

Show us. Liar.

Trump admitted it in the debates ....LIAR
He said not paying taxes makes him smart

But his taxes for one year were published, he paid more than you will ever hope to make in ten lifetimes so that makes you the liar!

12 years ago
Also, Ewe know he did not include his deductions or business information

 

[WillowTree]

View attachment 158169 They think taxes are great as long as they do not have to pay them.

Trump pays zero federal tax

Freeloader

View attachment 158169 They think taxes are great as long as they do not have to pay them.

Trump pays zero federal tax

Freeloader

Show us. Liar.

Trump admitted it in the debates ....LIAR
He said not paying taxes makes him smart

But his taxes for one year were published, he paid more than you will ever hope to make in ten lifetimes so that makes you the liar!

12 years ago
Also, Ewe know he did not include his deductions or business information

Yew lead a sad life obsessing about how rich Trump his. Jealous much?

 

[rightwinger]

Trump pays zero federal tax

Freeloader

Trump pays zero federal tax

Freeloader

Show us. Liar.

Trump admitted it in the debates ....LIAR
He said not paying taxes makes him smart

But his taxes for one year were published, he paid more than you will ever hope to make in ten lifetimes so that makes you the liar!

12 years ago
Also, Ewe know he did not include his deductions or business information

Yew lead a sad life obsessing about how rich Trump his. Jealous much?

Living in the New York area, I have watched Trumps career since the early 80s. I have always considered him a sideshow and a man of poor character

My opinion has not changed