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

[The5thHorseman]

The article says he's a nobody, gool

Sez some cretin on the innertubes..

 

[The5thHorseman]

The economy was already headed for recession, before Reagan was even elected dipstick.

Why do you persist in asserting xit, Bri?

You're a brick.

 

[The5thHorseman]

Your source is serious?

You have no idea who they are...


We both know why...

Say it, Bri...

 

[bripat9643]

Wow, you Are naive. The economy doesn’t turn in a dime. But EVERY gop president had at least one recession following during his time in office. Go ask Reagan, Bush one and Trump,

So has every Democrat president.

 

[bripat9643]

Why do you persist in asserting xit, Bri?

You're a brick.

What the hell is xit?

 

[bripat9643]

You have no idea who they are...


We both know why...

Say it, Bri...

Because he's a nobody,

 

[BWK]

Hahaha….you beggars look to CNN for all your “numbers”……nobody takes beggars seriously on fiscal matters such as these. Sorry bud….tell your pet humans to PAY THEIR OWN WAY!

You lost that debate when you didn't counter his argument.

 

[bripat9643]

yes we have three straight qtrs of negative gdp in 2022.

Biden redefined what a recession is.

 

[Dagosa]

Nostra was talking about Carter's recession in 1981.
You said, "Reagan then had one of his own"

You're lying, Reagan did not have a recession after 1982.

You can’t read either I guess. Carter left office in January. Even after he had 10% plus…. unemployment rates

Reagan’s Recession

In the depths of the 1981-1982 recession, Americans were far more displeased with their president and his policies than were their predecessors during the Great Depression, more so even than in today's high-unemployment economy.

www.pewresearch.org

 

[BWK]

Can you list one recession that immediately followed a tax cut.

Bloomberg - Are you a robot?

 

[BWK]

Biden redefined what a recession is.

There is zero evidence of that. Show us through documentation how Biden was responsible, "EXACTLY" for economic distress?

 

[bripat9643]

Post the gdp growth numbers for q4 1980 and q1 1981.


Just the numbers..

Who said economies don't turn on a dime?

 

[Lesh]

They tend to move in the same direction.
But the government collects and spends dollars, not GDP.

This is a weird discussion.

GDP is discussed in terms of GROWTH. If GDP increases, so too does the tax base (revenues) so it makes sense to measure revenue relative to GDP.

Claiming that revenue increases following a tax cut is silly since revenue always grows unless GDP declines. How MUCH revenue increases then needs to be measured as a factor of GDP

 

[BWK]

Cutting taxes and regulations causes recessions? Tell me more!!! Okay!

The Economic Recovery Act of 1981, also known as the Reagan tax cuts, was the biggest reduction in U.S. taxes of the past 70 years, possibly even the biggest ever. 1 That much is reasonably well-known.

What is less well-known is that these cuts were then followed by a series of tax increases that, if you add them all together, were almost as big as or even bigger than the 1981 cuts, depending on the measure you use.

 

[bripat9643]

There is zero evidence of that. Show us through documentation how Biden was responsible, "EXACTLY" for economic distress?

Biden administration redefines 'recession' ahead of possibly damaging GDP report

 

[Lesh]

Biden administration redefines 'recession' ahead of possibly damaging GDP report

Too bad he was right. There was no recession

 

[bripat9643]

The Economic Recovery Act of 1981, also known as the Reagan tax cuts, was the biggest reduction in U.S. taxes of the past 70 years, possibly even the biggest ever. 1 That much is reasonably well-known.

What is less well-known is that these cuts were then followed by a series of tax increases that, if you add them all together, were almost as big as or even bigger than the 1981 cuts, depending on the measure you use.

I doubt that's true, but how is that an example of a recession following a tax cut?

 

[bripat9643]

Too bad he was right. There was no recession

Not according to government statistics.

 

[bripat9643]

Against your non-existent one? That's hilarious.

don't need an expert. The facts are sufficient

 

[Dagosa]

This is a weird discussion.

GDP is discussed in terms of GROWTH. If GDP increases, so too does the tax base (revenues) so it makes sense to measure revenue relative to GDP.

Claiming that revenue increases following a tax cut is silly since revenue always grows unless GDP declines. How MUCH revenue increases then needs to be measured as a factor of GDP

It’s always a weird discussion with trickle down and recession advocates. With 23.7 million part and full time employees, it’s no secret as to has the most effect in the economy. It ain’t Walmart.