Why did the corporate tax cuts fail?

[Brain357]

Trumpybear only fulfilled half his campaign promise. Not only was he going to reduce corporate taxes but he was also going to get rid of all the corporate loophole that allow profitable companies to pay zero in federal taxes.

They got the cuts but keep the loopholes and even got more.

It hasn't trickled down yet.

It’s clear why the deficits have ballooned. I think many expected a real increase in growth. That obviously didn’t happen.

 

[Nostra]

Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.

Bring in the Democrats and Liberals and really watch the deficit soar. It’s not like your side plans to cut spending..... just raise taxes for the State.

I’m an independent. You didn’t come close to answering the question, trump really made deficits soar btw.

Nazi Pelousy controls the purse strings. Spending originates in the House.

 

[Brain357]

Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.

Bring in the Democrats and Liberals and really watch the deficit soar. It’s not like your side plans to cut spending..... just raise taxes for the State.

I’m an independent. You didn’t come close to answering the question, trump really made deficits soar btw.

Nazi Pelousy controls the purse strings. Spending originates in the House.

And that had what to do with gdp growth declining after corporate tax cuts? The tax cuts flattened revenue clearly, why was there no real growth?

 

[LAUGHatLEFTISTS]

So I guess trumpers think the goal was to increase deficits and slow the economy.

What's it like lying to yourself day after day after day and knowing if you admit the truth your entire economic philosophy will be destroyed?

 

[Yarddog]

Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.

Fake post
Not based in reality

Please share what positive effect they had then? Deficits way up, gdp growth down...

Well, Trump has been doing what he can to over turn the dissasterous effects of bad trade agreements.
The economy is doing fine and will continue to do so. No thanks to Democrats who have nothing to run on, save America bad, impeach Trump.
United States-Mexico-Canada Agreement | United States Trade Representative

 

[Toddsterpatriot]

Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.

Those of us living in reality can now say that the corporate tax cuts were a failure

Why?

that hurt revenue

They didn't hurt corporate revenue.

and did nothing for the economy.

Why do you feel that?

 

[Muhammed]

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing.

Unemployment is down and real wages are up.

How embarrassing!

 

[Brain357]

So I guess trumpers think the goal was to increase deficits and slow the economy.

What's it like lying to yourself day after day after day and knowing if you admit the truth your entire economic philosophy will be destroyed?

That seems like a good question for the trumpers. You see gdp growth went down last year?

 

[Brain357]

Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.

Fake post
Not based in reality

Please share what positive effect they had then? Deficits way up, gdp growth down...

Well, Trump has been doing what he can to over turn the dissasterous effects of bad trade agreements.
The economy is doing fine and will continue to do so. No thanks to Democrats who have nothing to run on, save America bad, impeach Trump.
United States-Mexico-Canada Agreement | United States Trade Representative

We are talking about the corporate tax cuts. All signs are that they didn't boost the economy as was claimed and they only boosted deficits.

 

[Brain357]

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing.

Unemployment is down and real wages are up.

How embarrassing!

Unemployment has been going down since 2010. Wages are sad. In 2000 wage growth was over 5%, now it's around 3%.

 

[Toddsterpatriot]

So I guess trumpers think the goal was to increase deficits and slow the economy.

What's it like lying to yourself day after day after day and knowing if you admit the truth your entire economic philosophy will be destroyed?

That seems like a good question for the trumpers. You see gdp growth went down last year?

You see gdp growth went down last year?

Was it higher than Obama's 1.6% in 2016?

 

[Toddsterpatriot]

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing.

Unemployment is down and real wages are up.

How embarrassing!

Unemployment has been going down since 2010. Wages are sad. In 2000 wage growth was over 5%, now it's around 3%.

In 2000 wage growth was over 5%

The Internet Bubble was cool!!!

 

[Crepitus]

Fail?....look at the unemployment rate dumbass.....

That was happening anyway.

 

[Rambunctious]

Fail?....look at the unemployment rate dumbass.....

That was happening anyway.

You morons are so predictable....

 

[candycorn]

You are aware unemployment has been declining since 2010?

Back then, the blob supporters didn’t believe the BLS. Today they swear by it. Lol

 

[whitehall]

Record low unemployment, record DOW, consumer confidence at an all time high, new trade treaties that benefit the U.S. What's not to like?

 

[Crepitus]

Fail?....look at the unemployment rate dumbass.....

That was happening anyway.

You morons are so predictable....

So was the unemployment rate. It was going down steadily when tRump cheated his way into the office.

Or did you forget that?

 

[Rambunctious]

It was going down steadily

 

[Brain357]

So I guess trumpers think the goal was to increase deficits and slow the economy.

What's it like lying to yourself day after day after day and knowing if you admit the truth your entire economic philosophy will be destroyed?

That seems like a good question for the trumpers. You see gdp growth went down last year?

You see gdp growth went down last year?

Was it higher than Obama's 1.6% in 2016?

How does it matter? It was lower than 2014 and 2015 and 2017 and 2018. Not what trump promised.

 

[Brain357]

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing.

Unemployment is down and real wages are up.

How embarrassing!

Unemployment has been going down since 2010. Wages are sad. In 2000 wage growth was over 5%, now it's around 3%.

In 2000 wage growth was over 5%

The Internet Bubble was cool!!!

It's funny how you have no real responses and just parrot yourself constantly.