Home Forums Hunting & Shooting Hunter's Campfire So, the Repub Tax Plan will only cut business taxes

Selling bonds to Japan and China doesn't result in inflation because they have to exchange yen and yuan for dollars to buy the bonds that props up the value of the dollar and if anything results in deflation. All three things you pointed out that corporations could do with the tax cuts have long term positive effects, if they put it in the bank that increases liquidity inthe system and banks can have higher lending limits to everyone, if they pay it out In dividends the stockholders will reinvest or spend it, buying g back stock releases it into the general economy. Sorry to break it to you but if you've got a pension, 401k or ira then your one of those fat cat stock holders. All of those have less inflationary impact that everyone using their tax credit refund to to buy big screens at Walmart

4/5ths of the tax cuts go to corps and those earning over 100k because they pay more than 4/5th of the taxes. Kind of hard to have meaningful tax cuts for people who don't pay much in taxes

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4/5ths of the tax cuts go to corps and those earning over 100k because they pay more than 4/5th of the taxes. Kind of hard to have meaningful tax cuts for people who don't pay much in taxes

Spot on.

What gets me is Trump was elected saying all the tax cuts should go to the middle class. Is he a liar?
You are right low income people don,t pay much income. But middle class people sure do. I paid 10 to
15 thousand dollars in federal taxes every year I worked. It would have been nice to get 2 or 3 thousand
dollars back from what I paid. And I would have spent it fairly quickly, which would have stimulated the economy.

Trump has always said the most important cut is corporate taxes down to about 20 percent.
Next would be the middle class.

Get your facts straight.

About 20 years ago I came to the conclusion that both parties were liars, and the only difference is what lies you wanted to believe.

A bit later I concluded that if I was relying on a political party for my success and well being, I'd be sorely disappointed.

Someone posted that in 20 years corporations haven't raised salaries. I find it strange as in the 20 years I've been in Alaska I'm making ~ 4 times as much as when I arrived. There is a reason for that, when I got here I had almost no experience in the field I've been working in, now I have a solid 20 years and can do work I had no clue about when I started.

To those who haven't seen their wages rise in 20 years, are you still only as capable as you were 20 years ago?

My assumption is they were talking about the same job, salary hasn't gone up.

Some have gone down, corrected for inflation.

What is the salary today for the job you had 20 years ago? Is it the same in loaves of bread, or Chevy Silverados? Or Remington BDLs?

Whats the salary for a schoolteacher where you are? Is it the same as it was 20 years ago?

Some people may have the same job they had 20 years ago. remember how we like to talk about coal miners, steelworkers and manufacturing? lots of those folks keep the same job for 20-30 years if they can.

You have to ask?

There is unanimity that this tax bill will also blow the top off the deficit. That used to matter to Republicans before they set out to destroy the American economy.

20 years ago we paid a starting civil engineer $30,000/yr salary.
Today it is over $60,000/yr.

Good, perhaps it will force them to make tough decisions on our out of control spending.

Bingo. I'd still be working if that was the case. Some make opportunity, some wait and whine about it.

Like hell. Never stopped the spending. IT WILL EXPLODE THE DEFICIT. But no one here seems to give a shot about that.

Just this morning Trump again said the tax bill was designed for a middle class tax break. Even Republicans agree many
middle class families won.t see a tax break. Another lie. But all corporations will receive a permanent, tax break. This tax
break should be trashed and forget about it. Pay down the debt. Trumps thinking is the more tax breaks you give, we
will spend our way out of debt. Employment in California is at a 30 year high why do we need to mess with the economy.
If it ain,t broke don,t fix it.

Trump promised tax reform that benefits the middle class and he also promised corporate tax reform in an attempt to repatriate the money to the USA. It seems as if he’s delivering on every promise he made.

It has been explained to you several times how tax cuts expand GNP and result in more tax revenue.
The numbers has been posted.

Please explain to us how having more money in the till EXPLODES the deficit?
Less money in the till makes the overspending worse.

Apples and oranges problem.

ONE-MORE-TIME...

However, the numbers, crunched by Heritage's Brian Riedl, show otherwise (see chart below). In 1980, the last year before the tax cuts, tax revenues were $956 billion (in constant 1996 dollars).

Revenues exceeded that 1980 level in eight of the next 10 years. Annual revenues over the next decade averaged $102 billion above their 1980 level (in constant 1996 dollars).

Any increase in budget deficits was therefore the result of spending increases rather than tax cut-induced revenue decreases.


Over the past 100 years, there have been three major periods of tax-rate cuts in the U.S.: the Harding-Coolidge cuts of the mid-1920s; the Kennedy cuts of the mid-1960s; and the Reagan cuts of the early 1980s. Each of these periods of tax cuts was remarkably successful as measured by virtually any public policy metric. Arthur Laffer

He,s not delivering on the middle class cut. He is going to spend us right into a a tax increase
our kids will have to pay for.

TIME to stop feeding the TROLL...

I'm curious of those grousing about Trump not delivering on a middle class tax cut what they pay as a percentage of gross income in federal taxes, or what they pay in dollars?

When my income was more modest I never paid over 10% of gross in federal income taxes for a family of five. With both my wife and I working this year as professionals with quite a few write offs we're looking at paying somewhere in the range of 17% of gross assuming I put in the correct number of deductions.

Somewhat ironic to here those who likely pay very little in taxes complaining about where is there cut in one breath, and then complaining about their kids having to pay for things in the future.

What are you going to do about the 13 million who will lose their health care under this tax plan?
Most main stream economists doubt this tax plan will work. Whats your plan if this blows up the
economy. The economy is the best it,s been in years and Trump wants to mess with it. What, s
Plan B.

For people to have healthcare, they need decent paying jobs and that requires both economic growth and for them to gain the skills required for higher paying jobs.

I put as much faith in main stream economist forecasts and global warming scientists weather forecasts.