GOP TAX PLAN

[wdmso]

Originally Posted by Jim in CT

"appears to be few economists who think this tax plan will grow the economy" ( find the 1 guy guy who agrees with you out the thousands who dont just like climate change and use them to suport your factless argument
change )

when you poll Marxists only, that's probably true. (shows your bias against facts ) I wonder what those same economists said about the Clinton/Gingrich tax cuts. ( you love for living in the past )

Spence, tell me where this statement is wrong, please...

Corporate income taxes are the cost of corporate income. When the cost of income decreases, the demand for income will increase. Some corporate projects might not make economic sense to undertake at a tax rate of 35%, but would make perfect sense at a tax rate of 20%.

Finally, returning some income to the owners of the company as dividends, doesn't help the economy? Unless they bury that money in their yards or burn it, they will use it in ways that cannot fail to help the economy.(these companys are all ready flush with cash your guess is just that a guess not based in any evidence that they do that now or will do so in the future

"few economists who think this tax plan will grow the economy"

Finally, there is this...just the talk about the possibility of tax cuts, has helped push the stock market up. That hasn't helped the economy? Really?

Trump's tax plan, if it passes, will free up a little cash in the typical household's monthly budget. But the biggest winners are likely to be the wealthiest Americans, who are poised to save significantly .. just the estate tax supports this statement as Fact

[Jim in CT]

Originally Posted by wdmso

Trump's tax plan, if it passes, will free up a little cash in the typical household's monthly budget. But the biggest winners are likely to be the wealthiest Americans, who are poised to save significantly .. just the estate tax supports this statement as Fact

"shows your bias against facts "

What 'facts'? The GOP has studies saying the poor will pay less, the Democrats have studies showing that everyone making less than $500,000 will be tortured to death. As usual. We'll see how it plays out, and if (like with Obamacare) it turns out that the supporting party was wrong about everything they promised, they will (and should) pay a political price.

"these companys are all ready flush with cash"

Some large companies are flush with cash, true. Many, many smaller companies are not.

Here on this forum, Nebe said that a reduction in corporate taxes would help his business and therefore him personally. Is he some heartless, right-wing plutocrat?

I'm a lot of things, not all of them good. I'm not a hypocrite, and I don't ignore facts that I don't find convenient.

"the biggest winners are likely to be the wealthiest Americans"

The wealthy have more of their money invested in things that take advantage of things like this. That's just how math works. It may not be fair or "equitable", but I'm not sure it's bad. They wealthy will use that money in ways that cannot fail to help the economy. Not even Spence can make that wrong, he doesn't even try.

[scottw]

Originally Posted by wdmso

Trump's tax plan, if it passes, will free up a little cash in the typical household's monthly budget. But the biggest winners are likely to be the wealthiest Americans, who are poised to save significantly .. just the estate tax supports this statement as Fact

you just stated the obvious then pounded the desk and yelled "that's a fact!"

we're constantly told that typical households have little or no savings and I was reading recently that credit card debt has soared again...sooo...typical households will probably welcome a little cash in the monthly budget

I'm not an expert but I believe the wealthiest Americans have the most money and probably the largest estates sooooo.....

I'm still trying to figure out how the poor are going to pay more...

[Jim in CT]

Originally Posted by scottw

you just stated the obvious then pounded the desk and yelled "that's a fact!"

we're constantly told that typical households have little or no savings and I was reading recently that credit card debt has soared again...sooo...typical households will probably welcome a little cash in the monthly budget

I'm not an expert but I believe the wealthiest Americans have the most money and probably the largest estates sooooo.....

I'm still trying to figure out how the poor are going to pay more...

It’s going to pass. If it hurts the middle class, the gop will fairly pay a price. If it helps the middle class, the democrats will pay a price.

I read this morning that the claims that the middle class will see a tax hike, are based on the assumption that these cuts will expire in ten years, so at that point the middle class would see a tax hike. A deranged assumption. Even if the cuts were temporary, temporary cuts are better than no cuts.
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