Who thinks Trump's Core Economic Policy will be more Massive Tax cus to the ultra wealthy??

[Mac1958]

I bet Trump is going to have the same economic policy of more massive tax cuts that blow up the deficit even more. Then the republicans are going to try and blame the democrats for all the debt that the republicans create.

It's safe to assume that any actions he takes will be based on simplistic, kneejerk political ideology and not solid, thoughtful macroeconomics.

 

[luiza]

I bet Trump is going to have the same economic policy of more massive tax cuts that blow up the deficit even more. Then the republicans are going to try and blame the democrats for all the debt that the republicans create.

Wanker's Law states that all such signatured pontifications need reversing to obtain optimum results .

Ergo . More Wanker drivel .

 

[Toddsterpatriot]

It's safe to assume that any actions he takes will be based on simplistic, kneejerk political ideology and not solid, thoughtful macroeconomics.

That's outrageous!
Only leftists are allowed to take actions based on simplistic, kneejerk political ideology and not solid, thoughtful macroeconomics.

 

[Toddsterpatriot]

In 1993 Bill Clinton passed the deficit reduction act that raised taxes on the wealthy, cut military and other spending, and gave us the Bill Clinton balanced Budget.

The budget was balanced in 1994?

 

[Meister]

The Bush and Trump tax cuts are the main reason for our out of control deficits as independent, non-partisan groups have estimated that they have added at least $10T to the deficit.

Republicans have the nerve to complain about deficits and even shut down the government, but their tax cuts and big spending bills are the reason the deficit is so large.
In 1993 Bill Clinton passed the deficit reduction act that raised taxes on the wealthy, cut military and other spending, and gave us the Bill Clinton balanced Budget.
GW Bush and Trump did the complete opposite of Bill Clinton and handed out trillions in tax cuts to the ultra wealthy and jacked up military and other spending massively. Bush and the GOP destroyed the balanced budget, ruined it with their policy, then Trump turned it into a $3T/yr deficit. In 2000 to start the Bush presidency we had a balanced budget, at the end of the failed Trump presidency we had $3T/yr deficits. Bush and Trump bankrupted America and their massive tax cuts to the ultra wealthy were the main reason why.

I bet Trump is going to have the same economic policy of more massive tax cuts that blow up the deficit even more. Then the republicans are going to try and blame the democrats for all the debt that the republicans create.

Tax Cuts Are Primarily Responsible for the Increasing Debt Ratio

Without the Bush and Trump tax cuts, debt as a percentage of the economy would be declining permanently.

www.americanprogress.org

Couldn't be the spending problem, could it?

 

[Hector12]

Couldn't be the spending problem, could it?

Bush II and Trump raised military spending while cutting taxes. If it was necessary to raise military spending it was necessary to raise taxes to pay for it.

 

[Arlette]

Tax cuts for the rich and tariffs on everything. That's Trump

 

[Toddsterpatriot]

Bush II and Trump raised military spending while cutting taxes. If it was necessary to raise military spending it was necessary to raise taxes to pay for it.

Why didn't Clinton or Obama raise the top rate back to 70%?

 

[toobfreak]

Who thinks Trump's Core Economic Policy will be more Massive Tax cus to the ultra wealthy??​

Glad to see you are conceding he will easily beat Joe Biden next year.

 

[The Banker]

Glad to see you are conceding he will easily beat Joe Biden next year.

hey retard candidates announce their economic plan on the campaign, but you don't know shit about shit, so I wouldn't expect you to know that

 

[toobfreak]

hey retard you don't know shit about shit

I leave that to the experts like you.

 

[Hector12]

Why didn't Clinton or Obama raise the top rate back to 70%?

They obviously should have. For years public opinion surveys have indicated majority support for a more progressive tax system.

poll + Taxes + rich - Google Search

President Clinton did raise the top tax rate from 31.0% to 39.6%.

https://www.irs.gov/pub/irs-soi/02inpetr.pdf

That is why the national debt as a percentage of gross domestic product (GDP) declined from 63% to 55%.

US National Debt by Year

The U.S. national debt was over $31 trillion in 2022. In 1930, it was just $16 billion. The biggest impacts have been defense spending, recessions, and recently, the pandemic.

www.thebalancemoney.com

 

[Toddsterpatriot]

They obviously should have. For years public opinion surveys have indicated majority support for a more progressive tax system.

poll + Taxes + rich - Google Search

President Clinton did raise the top tax rate from 31.0% to 39.6%.

https://www.irs.gov/pub/irs-soi/02inpetr.pdf

That is why the national debt as a percentage of gross domestic product (GDP) declined from 63% to 55%.

US National Debt by Year

The U.S. national debt was over $31 trillion in 2022. In 1930, it was just $16 billion. The biggest impacts have been defense spending, recessions, and recently, the pandemic.

www.thebalancemoney.com

They obviously should have. For years public opinion surveys have indicated majority support for a more progressive tax system.

Our income tax system is very progressive.

 

[Redfish]

The Bush and Trump tax cuts are the main reason for our out of control deficits as independent, non-partisan groups have estimated that they have added at least $10T to the deficit.

Republicans have the nerve to complain about deficits and even shut down the government, but their tax cuts and big spending bills are the reason the deficit is so large.
In 1993 Bill Clinton passed the deficit reduction act that raised taxes on the wealthy, cut military and other spending, and gave us the Bill Clinton balanced Budget.
GW Bush and Trump did the complete opposite of Bill Clinton and handed out trillions in tax cuts to the ultra wealthy and jacked up military and other spending massively. Bush and the GOP destroyed the balanced budget, ruined it with their policy, then Trump turned it into a $3T/yr deficit. In 2000 to start the Bush presidency we had a balanced budget, at the end of the failed Trump presidency we had $3T/yr deficits. Bush and Trump bankrupted America and their massive tax cuts to the ultra wealthy were the main reason why.

I bet Trump is going to have the same economic policy of more massive tax cuts that blow up the deficit even more. Then the republicans are going to try and blame the democrats for all the debt that the republicans create.

Tax Cuts Are Primarily Responsible for the Increasing Debt Ratio

Without the Bush and Trump tax cuts, debt as a percentage of the economy would be declining permanently.

www.americanprogress.org

total horseshit, our debt (not deficit, debt) is the direct of many congresses or both parties spending more than the government takes in. and wasting it on pork trying to buy votes and giving billions to foreign countries trying to buy friendship----------neither of which ever works.

 

[Redfish]

They obviously should have. For years public opinion surveys have indicated majority support for a more progressive tax system.

poll + Taxes + rich - Google Search

President Clinton did raise the top tax rate from 31.0% to 39.6%.

https://www.irs.gov/pub/irs-soi/02inpetr.pdf

That is why the national debt as a percentage of gross domestic product (GDP) declined from 63% to 55%.

US National Debt by Year

The U.S. national debt was over $31 trillion in 2022. In 1930, it was just $16 billion. The biggest impacts have been defense spending, recessions, and recently, the pandemic.

www.thebalancemoney.com

the problem is that no one ever paid those high rates because of all the loopholes that congress put in the tax code to help their rich donors. Raising the rates without eliminating the loopholes accomplishes nothing.

 

[Hector12]

They obviously should have. For years public opinion surveys have indicated majority support for a more progressive tax system.

Our income tax system is very progressive.

View attachment 848878

The tax system is not nearly as progressive as it was during the 1950's. back then the top tax rate never got below 84.36%, and was sometimes as high as 92%.
https://www.irs.gov/pub/irs-soi/02inpetr.pdf

The 1950's are what Trump's blue collar supporters think of when they respond to the slogan "Make America Great Again."

 

[Redfish]

Tax cuts for the rich and tariffs on everything. That's Trump

explain how an across the board tax rate cut only benefits the rich. then explain how tariffs that benefit american companies are bad for america.

 

[Redfish]

The tax system is not nearly as progressive as it was during the 1950's. back then the top tax rate never got below 84.36%, and was sometimes as high as 92%.
https://www.irs.gov/pub/irs-soi/02inpetr.pdf

The 1950's are what Trump's blue collar supporters think of when they respond to the slogan "Make America Great Again."

except that no one ever paid those rates because of all the loopholes put in the tax code by congress (both parties)

 

[Toddsterpatriot]

The tax system is not nearly as progressive as it was during the 1950's. back then the top tax rate never got below 84.36%, and was sometimes as high as 92%.
https://www.irs.gov/pub/irs-soi/02inpetr.pdf

The 1950's are what Trump's blue collar supporters think of when they respond to the slogan "Make America Great Again."

The tax system is not nearly as progressive as it was during the 1950's. back then the top tax rate never got below 84.36%, and was sometimes as high as 92%.

The high top tax rate isn't what makes it progressive.

What percentage of the taxes were paid by the top 20%? By the top 1%?
They pay a much larger portion now than they did then.

 

[Redfish]

The tax system is not nearly as progressive as it was during the 1950's. back then the top tax rate never got below 84.36%, and was sometimes as high as 92%.

The high top tax rate isn't what makes it progressive.

What percentage of the taxes were paid by the top 20%? By the top 1%?
They pay a much larger portion now than they did then.

correct, but the dem/lib mantra in all things is "punish success and reward failure".