Was just reading an assessment of the budget fight that was like “Trump’s team says tax cuts will boost spur growth that offsets them.”
What it doesn’t say is that they said that last time, too, which everyone said wouldn’t happen and which didn’t happen. Seems important to note!
What it doesn’t say is that they said that last time, too, which everyone said wouldn’t happen and which didn’t happen. Seems important to note!
Comments
Jobs created or investments made to expand domestic manufacturing from 2018-2020 not so much.
https://www.industryweek.com/the-economy/article/21129139/did-the-tax-cuts-boost-us-manufacturing
How is the directive about "personal liberties and the free market" affecting your work?
G’night humanity. I’d say y’all had a good run, but *gestures at everything*
The tax cuts by the wealthy are already being spent on : the 50th time on new interior design - the 75th time on new landscaping - it’s wasteful spending and keeps the little misses busy
Trump's tax cuts did nothing to counter the impact of those tariffs.
/1
Trickle down economics really became a thing in the 1979 Republican primaries.
That was 46 years ago😉
It's a sugar high.
I’m starting to sense a pattern.
They concluded tax cuts slightly *hurt* growth while causing inequality to rise.
Ours is a consumer-driven economy. It does not boost the economy to give money to people who are already spending as much as they want to spend.
For that reason, I expect him to start applying tariffs sooner than later, regardless of what anyone else thinks.
Can someone point out that if we extrapolate their formula to its natural conclusion:
Cutting taxes = increased revenue
then
Cutting taxes to zero will give the government infinite money
Last week started talking about Trump seemingly deliberately causing a recession.
Today it is about consumers being the canary in the economic coal mine.
Economic Outlook worst in this Century; worse than 2008-09.
(They're now also required to believe the 2020 election was rigged, white Christians are marginalized, and vaccines are bad.)
“Voodoo Economics”
Ooh a castle.
Ooh a castle.
Ooh a castle.
Ooh a castle.
Ooh a castle.
It is an extension of the reductions made by Trump previously to avoid taxes going up. Why would tax rates simply staying the same spur growth? Trump casino economics at work again!
Who do they think the money goes to?
It’s ridiculous to directly quote someone who is part of an administration that has lied, lies, and will lie, as if that’s the whole story.
Ironic that Trump keeps pushing for these huge tax cuts, yet all his other policies are literally crushing economic growth (mass layoffs, tariffs, canceling govt contracts, etc)
How does this promote individual liberty and freedom?