Why don’t republicans seem to understand the consequences of tax cuts?

[The5thHorseman]

You haven't proven tax receipts went down due to Republican tax cuts. The only thing that has gotten worse is that we continue spending more.

 

[The5thHorseman]

When are Dims going to understand the consequences of massive spending increases?

Post the growth rate of federal spending under the past 5 presidents, Bri..
I suspect we're dealing with yet another example of your eager credulity.

 

[The5thHorseman]

It is democrats who are clueless as the results of tax cuts.
Economists also generally agree that large tax changes can move the economy. For example, tax cuts can temporarily stimulate economic activity by boosting demand. In the longer run, a tax system with low rates and a broad base is more likely to promote prosperity than one with high rates and a narrow base.

Tax Policy Center › briefing-book › what-d...

The only reason why enemy democrats like tax increases is because they think that the wealthy are being punished. Even if the poor see no benefit and the middle class is hurt, democrats will cling to the idea that it takes from the rich and that's enough.

Economists also generally agree that large tax changes can move the economy.

No they don't.

 

[EvilCat Breath]

No they don't.

Nonsense. Of course they do. Who do you think is in the Tax Policy Institute.

 

[2aguy]

It’s a pretty basic concept. If spending is not adequately cut and taxes are cut (something republicans do), this means that there is less revenue to pay for spending. If bewilders me how republicans think you can cut taxes and think it doesn’t have consequences. We know it has consequences because the deficit blew up under Trump.

Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years

Oh and news flash: trickle down economics is not a real thing. Why would corporations bother investing in labor when it is easier for them to just keep the huge amount of money they save from tax cuts? After all their profits are already at an all time high.

United States Corporate Profits

Corporate Profits in the United States decreased to 2726.80 USD Billion in the first quarter of 2024 from 2803.20 USD Billion in the fourth quarter of 2023. This page provides the latest reported value for - United States Corporate Profits - plus previous releases, historical high and low...

tradingeconomics.com

We do...that is why we support them.....the wealth, freedom and prosperity for the entire country because we lower taxes is something we care deeply about........we want our family to spend that money, we don't want to give it to corrupt politicians who steal, waste, and lose it....and use it for themselves and their fat cat buddies........

You, however, don't seem to mind making poor politicians rich over their careers as they use our tax money for their own ends....

Why is that?

 

[bripat9643]

Post the growth rate of federal spending under the past 5 presidents, Bri..
I suspect we're dealing with yet another example of your eager credulity.

It isn't presidents who control spending. It's the House.

 

[Toddsterpatriot]

Biden attempted to make the child tax credits permanent and pass a new permanent middle class tax cut for BBB but couldn’t get all the democrats on board. That’s definitely more than I can say for Republicans who didn’t even try.

I’m not giving you a link because I already know how your dumbass is going to react. You’re desperately going to ask new questions about it on the spot that you hope I won’t answer while never providing your own sources. You aren’t clever. Your game is just old. You have nothing intellectual to on offer this board.

Look it up yourself. Not only did the 2009 stimulus include a middle class tax cut, but it cut taxes for small businesses.

Biden attempted to make the child tax credits permanent and pass a new permanent middle class tax cut for BBB but couldn’t get all the democrats on board.

Why didn't he make the Trump cuts permanent? He'd have gotten Republican votes for that too.
He could have been a uniter, instead of a divider.

Not only did the 2009 stimulus include a middle class tax cut, but it cut taxes for small businesses.

Tax cut? You mean the temporary $600 credit? Why didn't he permanently cut middle class taxes?

Small business tax cut? You mean allowing 50% first year depreciation? Why didn't he make it 100%, like Trump did?

 

[2aguy]

Biden attempted to make the child tax credits permanent and pass a new permanent middle class tax cut for BBB but couldn’t get all the democrats on board.

Why didn't he make the Trump cuts permanent? He'd have gotten Republican votes for that too.
He could have been a uniter, instead of a divider.

Not only did the 2009 stimulus include a middle class tax cut, but it cut taxes for small businesses.

Tax cut? You mean the temporary $600 credit? Why didn't he permanently cut middle class taxes?

Small business tax cut? You mean allowing 50% first year depreciation? Why didn't he make it 100%, like Trump did?

Cause they don't want you keeping the money you earn........that allows you to do dumb things like whatever you want that they don't want you to do........so the less you have, the more they like it.....

 

[Billy000]

It is democrats who are clueless as the results of tax cuts.
Economists also generally agree that large tax changes can move the economy. For example, tax cuts can temporarily stimulate economic activity by boosting demand. In the longer run, a tax system with low rates and a broad base is more likely to promote prosperity than one with high rates and a narrow base.

Tax Policy Center › briefing-book › what-d...

The only reason why enemy democrats like tax increases is because they think that the wealthy are being punished. Even if the poor see no benefit and the middle class is hurt, democrats will cling to the idea that it takes from the rich and that's enough.

As far as boosting demand, this ONLY happens in the poor and middle class. It doesn’t boost demand for top earners.

 

[Mac-7]

It’s a pretty basic concept. If spending is not adequately cut and taxes are cut (something republicans do), this means that there is less revenue to pay for spending. If bewilders me how republicans think you can cut taxes and think it doesn’t have consequences. We know it has consequences because the deficit blew up under Trump.

Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years

Oh and news flash: trickle down economics is not a real thing. Why would corporations bother investing in labor when it is easier for them to just keep the huge amount of money they save from tax cuts? After all their profits are already at an all time high.

United States Corporate Profits

Corporate Profits in the United States decreased to 2726.80 USD Billion in the first quarter of 2024 from 2803.20 USD Billion in the fourth quarter of 2023. This page provides the latest reported value for - United States Corporate Profits - plus previous releases, historical high and low...

tradingeconomics.com

Moderate tax cuts usually do not reduce income to the federal spending monster

Its the ever growing spending thats the problem

 

[bripat9643]

As far as boosting demand, this ONLY happens in the poor and middle class. It doesn’t boost demand for top earners.

Of course is does, dumbfuck. For one thing, it gives them more money to spend instead of handing it over to the government.

 

[The5thHorseman]

Article I, Section 7 of the Constitution

All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills.​

Article I, Section 8 of the Constitution

​

The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;​

​

To borrow Money on the credit of the United States;​

·​

·​

·​

​

Please f yourself.

President proposes...

 

[2aguy]

Moderate tax cuts usually do not reduce income to the federal spending monster

Its the ever growing spending thats the problem

Imagine you have an accountant you hand your money to........to take care of your daily needs....and you find out he not only stole huge parts of that money, but he lost lots of it, and invested it in things that lost money.....and he has put you in debt....

According to democrats and other leftists.....this means you have to give that accountant even more money in order to pay for the losses and cover the things he was supposed to spend the money on.....and if you don't, you are the bad guy, not the idiot who took your money....

That is the logic they use....

 

[bripat9643]

Please f yourself.

President proposes...

Anyone on planet Earth can propose, numskull.

 

[The5thHorseman]

Nonsense. Of course they do. Who do you think is in the Tax Policy Institute.

Stop being an idiot.


You can't name 3 economists.

 

[The5thHorseman]

Anyone on planet Earth can propose, numskull.

Not spending, bri.

 

[2aguy]

Please f yourself.

President proposes...

Don't be shy...use the whole word.....

Stop being an idiot.


You can't name 3 economists.

Thomas Sowell.....Walter Willaims.....Ludwig von Mises.....Friedrich Bastiat......Milton Friedman.......right off the top of my head.......

 

[The5thHorseman]

Don't be shy...use the whole word.....



Thomas Sowell.....Walter Willaims.....Ludwig von Mises.....Friedrich Bastiat......Milton Friedman.......right off the top of my head.......

Only 2 of whom are alive.

At least one, just barely.

 

[EvilCat Breath]

Stop being an idiot.


You can't name 3 economists.

You are the one who thinks raising taxes is beneficial.

 

[2aguy]

Only 2 of whom are alive.

At least one, just barely.

And? They are all brilliant.........