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Old February 19th, 2018, 05:49 PM   #1
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The tax cuts seem to be working.

From Town Hall, by Matt Vespa, Since the tax cuts, 250 companies have given bonuses, between $1000 and $3000, to 250 million employees. Apple is bring back 250 ..Billion...from overseas to invest over the next 5 years, estimated to create up to 20,00 new jobs, in this country.

After April we will start seeing how the tax cuts have affected a lot of segments. So far I have seen nothing indicating making taxes worse. I know Calif and other high tax states had congress people complaining about the limit on property taxes used for Fed taxes...but still that is at a $10,000 or $12,000 limit---forgot which. What those States need to do is look at their own tax policies..

Next year our GDP and economy should continue to raise....That should be welcomed and appreciated by all.
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Old February 19th, 2018, 06:12 PM   #2
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Trillion dollar deficits, that's how the tax cuts are working...

And if we are running trillion dollar deficits after 9 years of uninterrupted growth, when do we balance the budget? When do we run a surplus?
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Old February 20th, 2018, 07:46 PM   #3
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Bonuses are, by definition, an irregular, voluntary, often one-time event. They are not a firm commitment to better pay. A company can give them once and never give them again. Or they can give a different, smaller amount the following year. They are not the stuff long-term personal finance plans are made of. When they go away, there is nothing to replace them. It’s back to the same old-same old.

In addition, an extra $1,000 is very nice but it amounts to the equivalent of a 50˘ per hour pay raise for a full time worker, and when your pay is $40,000/year it doesn't mean much, especially when it's a one-time deal.

And pay raises? Everybody is talking about how good the economy is and companies are beginning to complain that they can't find enough workers. In such a situation pay increases would be expected. Thank you Obama!
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Old February 20th, 2018, 07:48 PM   #4
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Originally Posted by goober View Post
Trillion dollar deficits, that's how the tax cuts are working...

And if we are running trillion dollar deficits after 9 years of uninterrupted growth, when do we balance the budget? When do we run a surplus?
The plan is to put the payback for the debt squarely on the backs of the middle class.
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Old February 21st, 2018, 08:11 AM   #5
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Originally Posted by goober View Post
Trillion dollar deficits, that's how the tax cuts are working...

And if we are running trillion dollar deficits after 9 years of uninterrupted growth, when do we balance the budget? When do we run a surplus?
Your deficits are based on an assumption.... And that is that revenue coming into the Treasury will go down.....History has proven that is not true....It's the spending that goes up, that leads to deficits at the same time there are tax cuts...It is the Post hoc ergo propter hoc fallacy

Post hoc ergo propter hoc (Latin: "after this, therefore because of this") is a logical fallacy that states "Since event Y followed event X, event Y must have been caused by event X." It is often shortened simply to post hoc fallacy.

A logical fallacy of the questionable cause variety, it is subtly different from the fallacy cum hoc ergo propter hoc ("with this, therefore because of this"), in which two events occur simultaneously or the chronological ordering is insignificant or unknown.

Post hoc is a particularly tempting error because temporal sequence appears to suggest causality. The fallacy lies in a conclusion based solely on the order of events, rather than taking into account other factors potentially responsible for the result that might rule out the connection.

A simple example is "the rooster crows immediately before sunrise; therefore the rooster causes the sun to rise."

from wikapedia
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Old February 21st, 2018, 08:26 AM   #6
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Originally Posted by Jimgorn View Post
Your deficits are based on an assumption.... And that is that revenue coming into the Treasury will go down.....History has proven that is not true....It's the spending that goes up, that leads to deficits at the same time there are tax cuts...It is the Post hoc ergo propter hoc fallacy

Post hoc ergo propter hoc (Latin: "after this, therefore because of this") is a logical fallacy that states "Since event Y followed event X, event Y must have been caused by event X." It is often shortened simply to post hoc fallacy.

A logical fallacy of the questionable cause variety, it is subtly different from the fallacy cum hoc ergo propter hoc ("with this, therefore because of this"), in which two events occur simultaneously or the chronological ordering is insignificant or unknown.

Post hoc is a particularly tempting error because temporal sequence appears to suggest causality. The fallacy lies in a conclusion based solely on the order of events, rather than taking into account other factors potentially responsible for the result that might rule out the connection.

A simple example is "the rooster crows immediately before sunrise; therefore the rooster causes the sun to rise."

from wikapedia
The debt and deficit projections are accurate by the CBO numbers. They are accurate, and based on the actual revenue projections, and borrowing rate by the government.

There are no assumptions.

The only assumptions are by the same mental midgets and liars that are telling everyone to assume trickle down economics will actually work this time.

Of which there are no assumptions by a majority of people that those people possess in intellect or moral capacity, based upon the ignorant ideology they continue to follow.
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Old February 21st, 2018, 08:26 AM   #7
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Originally Posted by goodpen View Post
From Town Hall, by Matt Vespa, Since the tax cuts, 250 companies have given bonuses, between $1000 and $3000, to 250 million employees. Apple is bring back 250 ..Billion...from overseas to invest over the next 5 years, estimated to create up to 20,00 new jobs, in this country.

After April we will start seeing how the tax cuts have affected a lot of segments. So far I have seen nothing indicating making taxes worse. I know Calif and other high tax states had congress people complaining about the limit on property taxes used for Fed taxes...but still that is at a $10,000 or $12,000 limit---forgot which. What those States need to do is look at their own tax policies..

Next year our GDP and economy should continue to raise....That should be welcomed and appreciated by all.

Actually they aren't.

https://www.politico.com/story/2018/...aw-poll-417884
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Old February 21st, 2018, 08:49 AM   #8
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Originally Posted by skews13 View Post
The debt and deficit projections are accurate by the CBO numbers. They are accurate, and based on the actual revenue projections, and borrowing rate by the government.

There are no assumptions.

The only assumptions are by the same mental midgets and liars that are telling everyone to assume trickle down economics will actually work this time.

Of which there are no assumptions by a majority of people that those people possess in intellect or moral capacity, based upon the ignorant ideology they continue to follow.
https://r.search.yahoo.com/_ylt=A2KL...FEpHOViErzm1c-



U.S. Treasury estimates quicker growth from tax plan to yield $1.8 trillion in revenue

Reuters Staf

WASHINGTON (Reuters) - A tax overhaul bill passed by the U.S. Senate Finance Committee would lift economic growth enough to generate an additional $1.8 trillion in revenue over 10 years, more than enough to offset revenue lost from a cut in taxes, the Treasury Department estimated on Monday.

In a summary analysis of a white paper, the Treasury Department said it based its estimate on a presumed 0.7 percentage point increase to the U.S. economy’s annual growth rate.

The Treasury Department’s estimate compares to an analysis from the congressional Joint Committee on Taxation that suggested quicker growth spurred by the tax-cut plan would yield an additional $408 billion in revenue.

Reporting by Tim Ahmann; Editing by Meredith Mazzilli
Our Standards:The Thomson Reuters Trust Princ

Trickle-down worked for Kennedy and it worked for Reagan.....It was the spending that drove up deficits...
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Last edited by Jimgorn; February 21st, 2018 at 08:51 AM.
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Old February 21st, 2018, 08:52 AM   #9
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Quote:
Originally Posted by skews13 View Post
The debt and deficit projections are accurate by the CBO numbers. They are accurate, and based on the actual revenue projections, and borrowing rate by the government.

There are no assumptions.

The only assumptions are by the same mental midgets and liars that are telling everyone to assume trickle down economics will actually work this time.

Of which there are no assumptions by a majority of people that those people possess in intellect or moral capacity, based upon the ignorant ideology they continue to follow.
So what do you propose trickle up?() The Government has outgrown itself, it takes way to much from working people, throw in state, and city, plus levies for schools, it's all a working man can do to survive. Let alone get ahead a little.
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Old February 21st, 2018, 09:10 AM   #10
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Jimgorn's post...yes, that is a projection and it is based on only 0.7% .. GDP has raised more than that in just one year...Actually, no one can firmly predict the future...but many try.

We have been in an atmosphere of doom and gloom for so long, I am not sure when or if people will begin to recognized a measure of sunshine...even when it happens.
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