Why did the corporate tax cuts fail?

[protectionist]

Clowns ? Yeah. Especially the guy who says the economy has slowed, right after the Dow Jones, S & P, and NASDAQ all hit record highs last week.

Liberals are hopeless.

You think that is a good economic indicator? Yeah, you are a clown.

They are a good economic indicator. Of course they are. What do you think they exist for ? Maybe you don't like them because they can't be infested by Obama administration holdovers, like the laughingstock BEA.

They drastically move up and down from day to day, the economy doesn’t do that. Get a clue.

Ha ha. Nice deflection try. It is the record highs that matter, not daily changes. Get a clue.

And might drop like a rock tomorrow.

You surrender. OK.

 

[Brain357]

You think that is a good economic indicator? Yeah, you are a clown.

They are a good economic indicator. Of course they are. What do you think they exist for ? Maybe you don't like them because they can't be infested by Obama administration holdovers, like the laughingstock BEA.

They drastically move up and down from day to day, the economy doesn’t do that. Get a clue.

Ha ha. Nice deflection try. It is the record highs that matter, not daily changes. Get a clue.

And might drop like a rock tomorrow.

You surrender. OK.

You clearly live in fantasy land.

 

[OnePercenter]

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.

It was meant to increase direct investor returns, which it did. I made bank!

 

[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.

It was meant to increase direct investor returns, which it did. I made bank!

Please share when trump ever said that.

 

[protectionist]

They are a good economic indicator. Of course they are. What do you think they exist for ? Maybe you don't like them because they can't be infested by Obama administration holdovers, like the laughingstock BEA.

They drastically move up and down from day to day, the economy doesn’t do that. Get a clue.

Ha ha. Nice deflection try. It is the record highs that matter, not daily changes. Get a clue.

And might drop like a rock tomorrow.

You surrender. OK.

You clearly live in fantasy land.

Democrats’ 2020 economy dilemma, explained

 

[OnePercenter]

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.

It was meant to increase direct investor returns, which it did. I made bank!

Please share when trump ever said that.

Cut corporate taxes? Sorry, couldn't resist with your vague answer. But seriously, tRump cuts taxes to the corporate racketeers and expects anything but a fail?

 

[Brain357]

They drastically move up and down from day to day, the economy doesn’t do that. Get a clue.

Ha ha. Nice deflection try. It is the record highs that matter, not daily changes. Get a clue.

And might drop like a rock tomorrow.

You surrender. OK.

You clearly live in fantasy land.

Democrats’ 2020 economy dilemma, explained

Trillion dollar deficits and

Trump’s Economic Growth Is Slower Than Obama’s Last 3 Years

 

[protectionist]

Ha ha. Nice deflection try. It is the record highs that matter, not daily changes. Get a clue.

And might drop like a rock tomorrow.

You surrender. OK.

You clearly live in fantasy land.

Democrats’ 2020 economy dilemma, explained

Trillion dollar deficits and

Trump’s Economic Growth Is Slower Than Obama’s Last 3 Years

All you're doing is the same thing Democrats in Congress are doing. Bullshitting. Like as reported in this article -

Dems Deny Economic Boom | RealClearPolitics

 

[OnePercenter]

They drastically move up and down from day to day, the economy doesn’t do that. Get a clue.

Ha ha. Nice deflection try. It is the record highs that matter, not daily changes. Get a clue.

And might drop like a rock tomorrow.

You surrender. OK.

You clearly live in fantasy land.

Democrats’ 2020 economy dilemma, explained

The only dilemma is that 70% of the US economy is based on middle class (now poor with credit) spending. The credit cards are reaching their limit.

 

[protectionist]

Ha ha. Nice deflection try. It is the record highs that matter, not daily changes. Get a clue.

And might drop like a rock tomorrow.

You surrender. OK.

You clearly live in fantasy land.

Democrats’ 2020 economy dilemma, explained

Trillion dollar deficits and

Trump’s Economic Growth Is Slower Than Obama’s Last 3 Years

BEA. Ha ha ha.

All of Obama's years were just post recession bounce, that would occur no matter who was president. Except his last year 2016, which was a complete failure, as BEA even reported, before they cooked the numbers. Obama's GDP was a sinking ship.

Google Image Result for https://rasica.files.wordpress.com/2013/02/obama-sinking-ship.jpg?w=600

 

[Toddsterpatriot]

My source shows Obama's average was much lower than your 4.2% claim.

Still no source for you?

LOL...
Certainly your source doesn't show Obama's lower than .2%.

Certainly your source doesn't show Obama's lower than .2%.

I never said Obama's was lower than .2%.

So, still no proof of your claim?

LOL....
You said Obama's was much lower.

Yes, much lower than Trump's.

Still no source?

Lower by how much?
Where's your source?

Still looking for your source? DURR

 

[Toddsterpatriot]

Up from what?

2.9% in December 2017.
It was much less during Obama's terms.

So a 1% gain? Obama's certainly was a larger gain.

3.9% growth. Much higher than Obama's average.

Yes, Obama had to deal with the after effects of the Great Bush Recession of 2008.

Question is.....with 3.5 percent unemployment, why aren’t we seeing 5 percent wage increases like we saw under Clinton

Yes, Obama had to deal with the after effects of the Great Bush Recession of 2008.

Yes, we had the weakest recovery since WWII under Obama.

why aren’t we seeing 5 percent wage increases like we saw under Clinton

Partly too many illegal aliens, partly no Internet Bubble.

What made it the weakest recovery?

What made it the weakest recovery?

Obama.

 

[Toddsterpatriot]

Trump did? Prove what this chart shows is the fault of Trump, i.e. population growth!
The only place that Trump's had any affect is "discretionary spending" of 30% of the budget...which the largest is military spending.

How Congress Really Spends Your Money
View attachment 304776

He flattened revenue and increased spending. It’s pretty obvious.

You provided NO links for your above statement.
Far from "flattened revenue"... FACTS links, substantiation.... PLEASE prove your statement!

Who Really Pays Uncle Sam's Bills?
View attachment 304797

I posted a video explaining it, try to keep up.

The attached is a simple straight illustration that revenues weren't flattened under Trump!View attachment 304810

Wow! They really grew under Obama. Thanks for posting that.

Not only was revenue growing under Obama, but borrowing was falling. How’s that working out under Trump?

You have a link for that false chart?

 

[Toddsterpatriot]

Only dumbass Moon Bats are against tax cuts.

Only really really dumbass Moon Bats are against tax cuts that have given this country a tremendous economic boom.

Moon Bats are always confused.

Only partisan morons believe that. You are aware gdp just went down?

You are aware gdp just went down?

Real Gross Domestic Product

Doesn't look like GDP went down. You're really bad at this.

 

[protectionist]

Only dumbass Moon Bats are against tax cuts.

Only really really dumbass Moon Bats are against tax cuts that have given this country a tremendous economic boom.

Moon Bats are always confused.

Only partisan morons believe that. You are aware gdp just went down?

You are aware gdp just went down?

View attachment 304860


Real Gross Domestic Product

Doesn't look like GDP went down. You're really bad at this.

BEA is a crock. They play with the numbers (even changing them repeatedly), and their changes invariably favor Obama, and diminish Trump.

Must be a lot of personnel changes going on back there, presided over by an Obama holdover manager.

 

[Toddsterpatriot]

Ha ha. Nice deflection try. It is the record highs that matter, not daily changes. Get a clue.

And might drop like a rock tomorrow.

You surrender. OK.

You clearly live in fantasy land.

Democrats’ 2020 economy dilemma, explained

Trillion dollar deficits and

Trump’s Economic Growth Is Slower Than Obama’s Last 3 Years

Chuck is funny. And can't add.

https://fred.stlouisfed.org/graph/fredgraph.png?g=q5VB

2014 - 2.5%
2015 - 2.9%
2016 - 1.6%

2017 - 2.4%
2018 - 2.9%
2019 - 2.3%

​

 

[Flash]

[


Real Gross Domestic Product

Doesn't look like GDP went down. You're really bad at this.

These Moon Bats are uneducated and low information so they get confused about things like this. A lot of their trouble understanding things like basic economics comes from their mental illness of TDS.

 

[protectionist]

And might drop like a rock tomorrow.

You surrender. OK.

You clearly live in fantasy land.

Democrats’ 2020 economy dilemma, explained

Trillion dollar deficits and

Trump’s Economic Growth Is Slower Than Obama’s Last 3 Years

Chuck is funny. And can't add.

View attachment 304868

https://fred.stlouisfed.org/graph/fredgraph.png?g=q5VB

2014 - 2.5%
2015 - 2.9%
2016 - 1.6%

2017 - 2.4%
2018 - 2.9%
2019 - 2.3%

​

I estimate the 2017-2019 GDPs are twice what the BS BEA says.

 

[Cellblock2429]

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.

/----/ Why do you want to pay more for stuff? How stupid can you be?

So you think companies gave some of those tax cuts back with lower pricing? That’s a good one. Love to see some proof of that.

Common Cents Blog: More Winning! List of Utility Companies CUTTING RATES due to Trump Tax Cuts
It keeps getting better.
Besides the stock market setting highs nearly every day now US Power Companies are CUTTING electric rates passing huge savings onto their customers. A list from Americans for Tax Reform:

I see claims. One even says not sure how much or when. Great source.... ha

/——-/ Brian wants higher corporate tax because he does pay enough for stuff. Bwhahahaha Bwhahahaha

 

[Dragonlady]

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.

Corporations didn’t need the cash. Tax cuts work if corporations need capital to pay for equipment or expansion. Corporations have awash with cash since W was in office. Profits from offshoring production.

A capitalist economy exists on supply and demand. There is a lot of pent up demand due to stagnant wages and a shrinking middle class. But not cash amongst workers and middle class to act on it.

That's all factually incorrect.

I spent more than 40 years working in banking, finance, and law. All I've seen you do is to parrot Trump's lies about the American economy.

40% of working American families say that the US economy does is not working for them. All of this wealth and growth is having no impact on the quality of their lives. Only 20% of Americans own stocks. Only 14% of American companies offer 401K's, and few workers are making contributions.

Twice in the last 8 years, American voted for change in Washington. Obama was handcuffed by the near collapse of the economy before he took office, and after the midterms, by a Congress and Senate who were determined that he be a one term President.

The electorate want a President who looks out for THEM, not the corporations, and not the 1%.

Some fool upthread said that the people are just "waiting for the tax cut to trickle down". Hell, they're still waiting for the Reagan tax cut to "trickle down". Trickle down was debunked when Reagan was in office. Even Reagan realized it wasn't working and started raising taxes.