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

[The5thHorseman]

I don't know what I'm yapping about, but through the magic of mind reading you cans tell me that we both know the same thing.

I detect a theme: you believe in all sorts of magical thinking.

Dude,

You're no enigma.

 

[The5thHorseman]

Nope.

Are you capable of reading a graph?

Because it is unambiguous

 

[Nostra]

You know exactly what I mean. You’re just pretending otherwise lol

No, I don’t understand your position that revenues aren’t revenues.

 

[Nostra]

Are you capable of reading a graph?

Because it is unambiguous

Yep.

 

[Oddball]

Don’t worry. You have time to google it still. I’ll wait!

Don't need to Google it...I know and you don't know, even with Google.

 

[Oddball]

Dude,

You're no enigma.

Not being enigmatic, nor duplicitous, unlike you.

You are such a fucking sock puppet....Haven't figured out whose yet, though that'll come.

 

[Billy000]

No, I don’t understand your position that revenues aren’t revenues.

Actually I never said “revenues were not revenues.” What I said is that raw dollars is not how you accurately measure the value of revenue.

 

[Billy000]

Don't need to Google it...I know and you don't know, even with Google.

So you asked for no good reason whatsoever since you didn’t know either? I mean talk about stupid and pointless lol

 

[Independent thinker]

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

Well, the Trump/GOP tax cuts resulted in higher tax revenues.

 

[Nostra]

Actually I never said “revenues were not revenues.” What I said is that raw dollars is not how you accurately measure the value of revenue.

It’s how you measure the amount of revenue, which was your claim in the OP.

But after getting your ass handed to you all you can do is scramble and try to find some bullshit spin to explain away your dumbassery and lies.

 

[Billy000]

Well, the Trump/GOP tax cuts resulted in higher tax revenues.

Tax receipts are going to go up every year regardless of any legislation. There isn’t any causation to what you’re talking about. Raw dollars is not how you measure the value of real revenue. The same programs year after year are going to need more dollars for the same functions. Computing it as a percentage of GDP is how you measure the value.

 

[Billy000]

It’s how you measure the amount of revenue, which was your claim in the OP.

But after getting your ass handed to you all you can do is scramble and try to find some bullshit spin to explain away your dumbassery and lies.

An amount of a percentage of GDP is still an amount lol

 

[CrusaderFrank]

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

So that's why 100% taxation Communist and Socialist nations are the world's most prosperous!

 

[Billy000]

so how is there more revenue now than there was before?

I realized I misread the question when I first saw it. You’re talking about more tax dollars than ever before but because of inflation, this isn’t how measure the value of real revenue.

 

[Nostra]

An amount of a percentage of GDP is still an amount lol

Keep spinning your dumbassery and lies, Simp.

 

[Independent thinker]

Tax receipts are going to go up every year regardless of any legislation. There isn’t any causation to what you’re talking about. Raw dollars is not how you measure the value of real revenue. The same programs year after year are going to need more dollars for the same functions. Computing it as a percentage of GDP is how you measure the value.

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.

 

[BWK]

Tax rate reductions historically lead to more revenue being collected by the treasury.

Fact.
The end.
Close the thread, no further replies needed.

Huh? Tax cut reductions going to the wealthy, goes to welfare for the wealthy. That's not money going to the treasury.

 

[Billy000]

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.

Tax receipts didn’t go down. That isn’t my point. My point is two fold: 1) tax receipts are going to up every year regardless of legislation unless we are in a recession. 2) tax receipts is not how you measure the value of revenue.

 

[BWK]

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.

‘Trickle-down’ tax cuts don’t work, study says Tax cuts simply do not work.

Reagan started giving tax cuts to the rich, and incomes have been flat. There are zero advantages to this policy; Introducing Ed's 'vulture chart'

 

[Shareprofit]

Tax rate reductions historically lead to more revenue being collected by the treasury.

Fact.
The end.
Close the thread, no further replies needed.

Bull shit. "

" The U.S. deficit hit $984 billion in 2019, soaring during Trump era"​

https://www.washingtonpost.com/busi...ing-nearly-percent-increase-during-trump-era/​