Tax Reform

[Cavatt]

Unless they lower spending by a trillion bucks this isn't really a tax cut, it is a credit card check.

 

[caf]

Unless they lower spending by a trillion bucks this isn't really a tax cut, it is a credit card check.

Tax rate and tax revenue aren't the same.

Not all debt is bad. There's a reason why even rich people take out loans instead of paying cash.

 

[caf]

Comcast announces $1,000 bonuses after passage of tax bill

"Based on the passage of tax reform and the FCC's action on broadband, Brian L. Roberts, Chairman and CEO of Comcast NBCUniversal, announced that the Company would award special $1,000 bonuses to more than one hundred thousand eligible frontline and non-executive employees," the company said in a statement.

Robertsts also announced that Comcast would invest $50 billion over the next five years in infrastructure

http://thehill.com/policy/technology/365908-comcast-announces-1000-bonuses-in-response-to-tax-reform

 

[Cavatt]

Tax rate and tax revenue aren't the same.

Not all debt is bad. There's a reason why even rich people take out loans instead of paying cash.

Unless you are Trump, most people have a plan to pay it back at some point. The plan right now is the people borrowing it are planning on dying first.

 

[caf]

Unless you are Trump, most people have a plan to pay it back at some point. The plan right now is the people borrowing it are planning on dying first.

Trump does have a plan. Increasing GDP through tax cuts and deregulation. Is your head in the fucking sand? He's only been saying this during his entire campaign and presidency.

And it's already working. Just look at all the articles posted. Immediate injection of capital due to coorporate optimism.

On the flip side... what was Barracks plan? He doubled the US debt over the course of his Presidency. Who is going to pay that credit card bill? As much as you hate it, Trump is going to pay that bill.

 

[Cavatt]

Trump does have a plan. Increasing GDP through tax cuts and deregulation. Is your head in the fucking sand? He's only been saying this during his entire campaign and presidency.

And it's already working. Just look at all the articles posted. Immediate injection of capital due to coorporate optimism.

On the flip side... what was Barracks plan? He doubled the US debt over the course of his Presidency. Who is going to pay that credit card bill?

This is so stupid. They were going to spend that money even if W had been in office another term. Everyone supported those bailouts at the time. It was a bipartisan effort to stop a great depression. He lowered his deficit spending every single year.

Tax cuts give you growth for a couple years at most and then everyone adjusts their spending habits. Do you think ATT is going to give 1000$ bonuses every year?

The economy grew every year under Obama, but somehow the debt didn't magically go away?

 

[Cavatt]

View: https://twitter.com/AlexRowell/status/943520320811601920

 

[caf]

The economy grew every year under Obama, but somehow the debt didn't magically go away?

The GDP grew at a rate less than inflation...

Do you understand what that means?

 

[-Akronite-]

Who is going to pay that credit card bill? As much as you hate it, Trump is going to pay that bill.

I really do hope that since the bill has already been passed that it at least accomplishes what it sets out to do, boost the economy in a significant manner. However, what indications do we have that this will do anything to help the deficit and debt? If anything, we've seen analysis of the tax cut show that it will likely increase the deficit.

Again, I like these articles being posted and frankly I hope if there's a party that it never ends. But how does this pay the bill?

 

[OptimusPrime]

Let's be serious now. The debt is $21 trillion. The bill will never be paid. Honestly, nor should it be. I didn't run up that debt. Let the politicians pay it.

 

[MediumBaller]

The economy is going to kick ass under Trump and he's going to ride it to a second term. He won't even need Russia this time.

 

[Cavatt]

The GDP grew at a rate less than inflation...

Do you understand what that means?

Of course. Comparing a recovery period to a recovered economy with low enemployment is disingenuous.

 

[bob2the2nd]

The economy is going to kick ass under Trump and he's going to ride it to a second term. He won't even need Russia this time.

The economy already "kicks ass" it did so under the final 7 years of Obama.

If trump can find a way to keep it going fantastic

 

[Sebastian]

I really do hope that since the bill has already been passed that it at least accomplishes what it sets out to do, boost the economy in a significant manner. However, what indications do we have that this will do anything to help the deficit and debt? If anything, we've seen analysis of the tax cut show that it will likely increase the deficit.

Again, I like these articles being posted and frankly I hope if there's a party that it never ends. But how does this pay the bill?

By making kids who were defrauded by fake universities like Trump U payback student loans for worthless credits while the Secretary of Education profits from it directly. And cutting Medicaid.

 

[KI4MVP]

Tax cuts give you growth for a couple years at most and then everyone adjusts their spending habits. Do you think ATT is going to give 1000$ bonuses every year?

Did you miss the part in the articles about the billions that are going to be spent on capital and infrastructure thanks to the tax cut? There was more to the articles than the headline.