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If you owned a coal business or a pipeline business you would not be saying that....when taxes go up I can't invest like I would like in new machinery and people...that's a clamp down in my book...your problem is you have never ran a business or made a payroll....and neither has the finger rapist Joe...lifetime public hack...More money to the treasury is what will solve the debt crisis not clamping down on business and industry...that will never work and you get more money into the treasury by having more people contribute via income tax....its really simple stuff....I'll call that cutting taxes to spur growth "Bullshit 101"That's right...because when you lower taxes and cut regulation it spurs on growth...businesses earn more people earn more and the treasury receives more revenue...its simple really...I know they don't cover this in our broken school system so I'll give you a pass....Trump's tax cut was across the board every income tax payer under $500,000 per year got one...and undoing it will raise everyone's taxes....
With being almost 30 trillion in debt would be the thing to do.
Trump's tax cuts assumed a 5% GDP growth, and the GDP growth was always about 1.8%
What does grow when they cut taxes is the Debt. Either a war or a pandemic will happen that busts the bubble and grows the Debt.
We're getting close to the point when the Fed raises rates, the interest on the Debt will start hurting their spending plans.
No one is "clamping down" on anything.