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

[bripat9643]

If you voted for the candidate accumulating them you should stop yapping and do so.

Quietly.

That would be either candidate, you fucking moron.

 

[Billy000]

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?

lol why would that be the better solution exactly? He sure as hell would not get republican votes for it because it would help pass his legislation. If he would have, why wouldn’t the republicans originally have just made those cuts permanent to begin with back 2017? Even if he did get some Republican votes, he likely would have lost democrat votes.

I was mistaken when a middle class and below tax cut was made permanent. As far as a permanent tax cut went, in 2012 he made permanent a part of the Bush tax cut that affected any single person making less than 400,000 per year or any couple making 450,000. The rest of that law expired in 2013.

 

[Billy000]

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

Hey idiot let me tell you what kind consumer spending boosts the economy as a whole. It’s things like food and clothing. It’s things people buy regularly in stores through out the year. A person in the wealthy class does not need more money to buy that shit. They buy that kind of stuff as often as middle class workers do. A new goddamn yacht is not going to boost the economy in comparison.

 

[bripat9643]

A new goddamn yacht is not going to boost the economy in comparison.

The Dims found out how wrong that was when they passed a tax on yachts. It caused mass unemployment in the America boat building industry.

LUXURY TAX CAUSES DROP IN SALES, JOBS . . .​

​

Less than a year after Congress implemented a spate of "luxury taxes" designed to "soak the rich," thousands of middle-class workers in the boat and private aircraft manufacturing industries are drowning in a wave of unemployment.​

 

[Billy000]

The Dims found out how wrong that was when they passed a tax on yachts. It caused mass unemployment in the America boat building industry.

LUXURY TAX CAUSES DROP IN SALES, JOBS . . .​

​

Less than a year after Congress implemented a spate of "luxury taxes" designed to "soak the rich," thousands of middle-class workers in the boat and private aircraft manufacturing industries are drowning in a wave of unemployment.​

Lol not only are you talking about a tax on yachts which is a separate conversation from the effect of buying one, but this article is from fucking 1991

 

[The5thHorseman]

Walter Williams is not alive. Neither is Ludwig von Mises.

Man, Walt sure died quietly after selling out.

 

[C_Clayton_Jones]

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

Because they adhere blindly to failed, wrongheaded conservative fiscal dogma such as tax cuts.

The 2017 Tax Cuts Didn't Work, The Data Prove It

A new report confirms what the data already showed: The 2017 tax cuts for the richest Americans and corporations did not work as promised. Workers did not see higher wages, but instead the federal government incurred massive deficits while wealth inequality increased.

www.forbes.com

 

[bripat9643]

Lol not only are you talking about a tax on yachts which is a separate conversation from the effect of buying one, but this article is from fucking 1991

Have the laws of economics changed since then, numskull? After that experiment, the Dims never tried it again.

How is taxing them a "separate conversation" from taxing them?

 

[bripat9643]

Because they adhere blindly to failed, wrongheaded conservative fiscal dogma such as tax cuts.

The 2017 Tax Cuts Didn't Work, The Data Prove It

A new report confirms what the data already showed: The 2017 tax cuts for the richest Americans and corporations did not work as promised. Workers did not see higher wages, but instead the federal government incurred massive deficits while wealth inequality increased.

www.forbes.com

Like taxing yachts to raise revenue?

 

[The5thHorseman]

Like taxing yachts to raise revenue?

Since 1989 3 Republican administrations have averaged 1.7% avg. annual GDP growth.

 

[The5thHorseman]

That would be either candidate, you fucking moron.

Were that true you'd be indifferent between them.

But it isn't.

 

[ElmerMudd]

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

Republicans are suggesting changes that sound good but are not good for the citizens and the country.
Those who vote for things that sound good but don't do the research on how it will effect them are the Republican voter.

 

[Billy000]

Have the laws of economics changed since then, numskull? After that experiment, the Dims never tried it again.

How is taxing them a "separate conversation" from taxing them?

You’re talking a tax. Im talking about a tax cut where the savings is spent on a yacht. It’s all pretty straightforward.

 

[miketx]

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

Total bullshit.

 

[The5thHorseman]

Total bullshit.

Go ahead..

Explain what's wrong..

 

[Toddsterpatriot]

lol why would that be the better solution exactly? He sure as hell would not get republican votes for it because it would help pass his legislation. If he would have, why wouldn’t the republicans originally have just made those cuts permanent to begin with back 2017? Even if he did get some Republican votes, he likely would have lost democrat votes.

I was mistaken when a middle class and below tax cut was made permanent. As far as a permanent tax cut went, in 2012 he made permanent a part of the Bush tax cut that affected any single person making less than 400,000 per year or any couple making 450,000. The rest of that law expired in 2013.

He sure as hell would not get republican votes for it because it would help pass his legislation.

Biden could introduce a bill, today, to make the Trump middle class tax cuts permanent and
probably get 100% support from Republicans in the House and Senate.

How many Dems would support it? LOL!

Even if he did get some Republican votes, he likely would have lost democrat votes.

Obviously. Dems don't want to cut middle class taxes.

As far as a permanent tax cut went, in 2012 he made permanent a part of the Bush tax cut

Obama's "biggest middle class tax cut since Reagan" was really Bush? OMG!!!

 

[bripat9643]

Since 1989 3 Republican administrations have averaged 1.7% avg. annual GDP growth.

You're including COVID and the S&L crises and the subprime mortgage crisis. Democrats caused all of those.

 

[The5thHorseman]

You're including COVID and the S&L crises and the subprime mortgage crisis. Democrats caused all of those.

Bri,


You're a simpleton.

 

[Toddsterpatriot]

Hey idiot let me tell you what kind consumer spending boosts the economy as a whole. It’s things like food and clothing. It’s things people buy regularly in stores through out the year. A person in the wealthy class does not need more money to buy that shit. They buy that kind of stuff as often as middle class workers do. A new goddamn yacht is not going to boost the economy in comparison.

A new goddamn yacht is not going to boost the economy in comparison.

No kidding, boat builders don't need jobs.

 

[ElmerMudd]

The Dims found out how wrong that was when they passed a tax on yachts. It caused mass unemployment in the America boat building industry.

LUXURY TAX CAUSES DROP IN SALES, JOBS . . .​

​

Less than a year after Congress implemented a spate of "luxury taxes" designed to "soak the rich," thousands of middle-class workers in the boat and private aircraft manufacturing industries are drowning in a wave of unemployment.​

Oh my, your post shows who you are and what an absolute dumbass you are.
The article you reference is from 1991.

By Deseret News
Aug 23, 1991, 11:00pm PST
Rep. Dick Armey, Scripps Howard News Service