Democrats Try to Undo the Best Part of Trump’s Legacy

[TheReaper]

Democrats Try to Undo the Best Part of Trump’s Legacy​

Opinion | Democrats Try to Undo the Best Part of Trump’s Legacy

Voters rejected his bad behavior. His policies on taxes and regulation were largely successful pre-pandemic.

www.wsj.com

“. . . . During Trump’s first three years in office, median household incomes grew, inequality diminished, and the poverty rate among Black people fell below 20% for the first time in post-World War II records,” the Journal reported in October 2020. “The unemployment rate among Black people went under 6% for the first time in records going back to 1972.” Minorities weren’t the only beneficiaries of this boomlet. Between 2017 and 2019, wages for the bottom 10% of earners grew at more than double the rate they did during President Obama’s second term.

This record is all the more impressive because it defied expectations. The growth of gross domestic product during Mr. Obama’s final year in office was only about half of what it had been a year earlier, which prompted no shortage of doom-and-gloom economic forecasts for the Trump presidency. Nevertheless, in 2017, 2018 and 2019, the unemployment rate came in below what the Federal Reserve had predicted, while GDP was higher than anticipated.

Democrats are loath to give Mr. Trump’s tax and regulatory agenda any credit for these outcomes, but the economy performed in the main just as administration officials and supply-side economic modeling predicted. Lower corporate tax rates were intended to reverse the downward trend in business investment, and following their implementation major companies announced wage hikes, bonuses and 401(k) match increases. In the two-year period after the 2017 tax reform passed, household incomes rose by more than they had in the previous eight years combined.

The reason this history is important is because Democrats, via the Inflation Reduction Act unveiled last week, want to raise the taxes that Mr. Trump cut. No matter what it’s called, the legislation is another tax and spending bonanza that will do little if anything to reduce inflation. But passage could discourage the kind of business investment we saw before Covid. And because corporate levies are borne mainly by employees, higher taxes on businesses can also lead to lower wages and less hiring.

The White House seems to be under the impression that Mr. Trump got the boot in 2020 because of his stewardship of the economy and that voters want his economic policies reversed. But the economy is one area where Mr. Trump consistently polled strongest, and he was elected in 2016 in large part because of the sluggish growth under Mr. Obama . . . .

TheReaper says: Of course Democrats want people to forget how awesome and great Trump is, and they have a fake news media on their side to help them. That is also what these fake phone Nazi show trials are all about regarding the Jen 6 protest. Trump never incited violence. There is not a shred of proof that he did. In fact he did the opposite. Trump did so many great things, and the sheer blind animal hate of the Left blinds them to it.

Article by
Jason L. Riley

 

[JackOfNoTrades]

Except it didn't. The effect did not trickle down (zero idea why conservatives still believe in Voodoo Economics. ).
But corporations did get a financial windfall of being able to bring home all their foreign stashed cash for their stock buy backs.

The Trump Tax Cuts: Promises Made, Promises Kept?

Bloomberg Tax examined the stated goals of the 2017 tax law and explored which of its seven major promises came to fruition.

news.bloombergtax.com

 

[Moonglow]

Democrats Try to Undo the Best Part of Trump’s Legacy​

Opinion | Democrats Try to Undo the Best Part of Trump’s Legacy

Voters rejected his bad behavior. His policies on taxes and regulation were largely successful pre-pandemic.

www.wsj.com

“. . . . During Trump’s first three years in office, median household incomes grew, inequality diminished, and the poverty rate among Black people fell below 20% for the first time in post-World War II records,” the Journal reported in October 2020. “The unemployment rate among Black people went under 6% for the first time in records going back to 1972.” Minorities weren’t the only beneficiaries of this boomlet. Between 2017 and 2019, wages for the bottom 10% of earners grew at more than double the rate they did during President Obama’s second term.

This record is all the more impressive because it defied expectations. The growth of gross domestic product during Mr. Obama’s final year in office was only about half of what it had been a year earlier, which prompted no shortage of doom-and-gloom economic forecasts for the Trump presidency. Nevertheless, in 2017, 2018 and 2019, the unemployment rate came in below what the Federal Reserve had predicted, while GDP was higher than anticipated.

Democrats are loath to give Mr. Trump’s tax and regulatory agenda any credit for these outcomes, but the economy performed in the main just as administration officials and supply-side economic modeling predicted. Lower corporate tax rates were intended to reverse the downward trend in business investment, and following their implementation major companies announced wage hikes, bonuses and 401(k) match increases. In the two-year period after the 2017 tax reform passed, household incomes rose by more than they had in the previous eight years combined.

The reason this history is important is because Democrats, via the Inflation Reduction Act unveiled last week, want to raise the taxes that Mr. Trump cut. No matter what it’s called, the legislation is another tax and spending bonanza that will do little if anything to reduce inflation. But passage could discourage the kind of business investment we saw before Covid. And because corporate levies are borne mainly by employees, higher taxes on businesses can also lead to lower wages and less hiring.

The White House seems to be under the impression that Mr. Trump got the boot in 2020 because of his stewardship of the economy and that voters want his economic policies reversed. But the economy is one area where Mr. Trump consistently polled strongest, and he was elected in 2016 in large part because of the sluggish growth under Mr. Obama . . . .

TheReaper says: Of course Democrats want people to forget how awesome and great Trump is, and they have a fake news media on their side to help them. That is also what these fake phone Nazi show trials are all about regarding the Jen 6 protest. Trump never incited violence. There is not a shred of proof that he did. In fact he did the opposite. Trump did so many great things, and the sheer blind animal hate of the Left blinds them to it.

Article by
Jason L. Riley
View attachment 699161

yeah, the blacks do not deserve any of Don's acheivement.

 

[Moonglow]

2020 and Trump's legacy is one of the ruined economic policies and the lockdown of US society along with Trillions of dollars in freebies.

 

[Coyote]

Reality? Trump left office (“left” is an inadequate word since he was dragged out kicking and screaming) with worst economy and unemployment rate since the Great Depression.

 

[22lcidw]

yeah, the blacks do not deserve any of Don's acheivement.

The blacks have been used as suckers, but the suckers are also taxpayers to keep the ghettos going and to move blacks into the middle class under the government beneficiary system. Suckers....Double Suckers!

 

[Mac1958]

Of course Democrats want people to forget how awesome and great Trump is, and they have a fake news media on their side to help them. That is also what these fake phone Nazi show trials are all about regarding the Jen 6 protest. Trump never incited violence. There is not a shred of proof that he did. In fact he did the opposite. Trump did so many great things, and the sheer blind animal hate of the Left blinds them to it.

The true TDS.

 

[Moonglow]

The blacks have been used as suckers, but the suckers are also taxpayers to keep the ghettos going and to move blacks into the middle class under the government beneficiary system. Suckers....Double Suckers!

The OP is exemplary of how blacks are used by politicians to gain support.

 

[Bob Blaylock]

Reality? Trump left office (“left” is an inadequate word since he was dragged out kicking and screaming) with worst economy and unemployment rate since the Great Depression.

It was Democraps who used the #CoronaHoax2020 as an excuse to deliberately and maliciously sabotage the economy. They are to blame for the results of that malfeasance, not Trump.

 

[Coyote]

It was Democraps who used the #CoronaHoax2020 as an excuse to deliberately and maliciously sabotage the economy. They are to blame for the results of that malfeasance, not Trump.

Excuses, excuses.

 

[TheReaper]

Reality?

Reality is something you know nothing about.

 

[candycorn]

The OP is exemplary of how blacks are used by politicians to gain support.

Correct.

TheRaper never put an author's picture up before.

 

[Bob Blaylock]

Excuses, excuses.

It's true.

It was your side that sabotaged the economy. It did so fully knowing and intending what it was doing, and knowing full well that it would be harmful to the American people.

Your side did this, and then tries to evade responsibility for it. This is pretty much how your side always operates—putting forth policies that every sane person knows will have bad results, and then trying to blame your opposition for these results.

Who do you think you are fooling?

 

[TheReaper]

I really have the demonic grooming socialist democrats jumping out of their skins today.. My posts to them are like crosses to Dracula.

 

[cnm]

I really have the demonic grooming socialist democrats jumping out of their skins today.. My posts to them are like crosses to Dracula.

Lol. As opposed to the calm sanity espoused by the LOTUS...

 

[TheReaper]

Seven things Trump did to help Make America Great Again:

Judges: Trump appointed three Supreme Court justices, scores of federal appellate judges, and close to 200 District Court judges (as well as two judges for the Court of International Trade) all of them are committed to interpreting the Constitution and laws according to the original meaning of the words, rather than according to what a modern liberal judge thinks the law should have said.

Historic tax cuts and deregulation: After eight years of high unemployment and meager growth under President Obama’s administration, the Trump tax cuts of 2017 and Trump’s extensive canceling of excessive government regulations on businesses have given a tremendous boost to the American economy. An estimated 25,000 pages of regulations have been canceled, resulting in a savings of $3,100 per household per year. Another result of tax cuts combined with deregulation has been the addition of thousands of new jobs, so that unemployment (before the coronavirus crisis) fell to the lowest point in 50 years, and unemployment among African-American and Hispanic workers was the lowest it has ever been in history.

Building a stronger U.S. military: Reversing the massive budget cuts that had seriously weakened our military under the Obama administration, President Trump has increased military spending by nearly $150 billion per year from $605 billion in 2016 to $750 billion, steadily rebuilding U.S. military readiness.

Protecting unborn babies: Numerous executive orders increasingly restricted government funding for abortions (such as the reinstatement of the Mexico City policy). On February 22, 2019, the Trump administration announced that it would not allow organizations that provide referrals for abortions to receive federal family-planning money, which implies a cut in funding for Planned Parenthood (the nation’s largest abortion provider) unless they perform abortions in a separate facility and not refer patients to it. And on May 2, 2019, the Trump administration’s Department of Health and Human Services issued a new rule protecting healthcare workers who decline on the basis of conscience or religious conviction to participate in procedures such as abortion or assisted suicide. Trump was the first president ever to personally attend the pro-life March for Life in Washington, D.C. on January 24, 2020. And of course, the recent Roe decision.

Expanding educational freedom: President Trump helped give America school choice, resulting in rising support for charter schools, taxpayer-funded vouchers, and tax credits for private-school vouchers, programs aimed at expanding options for parents looking beyond traditional public schools as she brings attention to them.

Standing with Israel: Reversing President Obama’s repeated marginalization and shunning of Israel, President Trump has reaffirmed our commitment to support and defend Israel. He decisively moved the United States Embassy from Tel Aviv to Jerusalem. He recognized the Golan Heights as part of Israel. He has welcomed Prime Minister Benjamin Netanyahu to the White House several times and has repeatedly reaffirmed our support for Israel. Israel never had a better friend in the White House than Donald Trump.

Negotiating a historic agreement between Israel and the United Arab Emirates: On August 13, 2020, President Trump announced that Israel and the United Arab Emirates (UAE) had come to a historic agreement to establish full diplomatic relations between the two countries, including the establishment of permanent embassies and the beginning of direct airline flights between the two countries. This is important because Dubai, the largest city in the UAE, is the leading financial center in the Middle East and plays a paramount role in world air travel and tourism. The agreement will “strengthen regional checks on Iranian power.” It also has the potential to set a pattern for future agreements establishing peaceful relations between Israel and other Arab countries in the Middle East.

 

[TheReaper]

30 Good Things President Trump Has Done for America

townhall.com

 

[odanny]

Trump's "legacy" is insurrection.

It's really that simple.

 

[Moonglow]

It's true.

It was your side that sabotaged the economy. It did so fully knowing and intending what it was doing, and knowing full well that it would be harmful to the American people.

Your side did this, and then tries to evade responsibility for it. This is pretty much how your side always operates—putting forth policies that every sane person knows will have bad results, and then trying to blame your opposition for these results.

Who do you think you are fooling?

It took both sides to accomplish what it did and has done.

 

[Moonglow]

Seven things Trump did to help Make America Great Again:

Judges: Trump appointed three Supreme Court justices, scores of federal appellate judges, and close to 200 District Court judges (as well as two judges for the Court of International Trade) all of them are committed to interpreting the Constitution and laws according to the original meaning of the words, rather than according to what a modern liberal judge thinks the law should have said.

Historic tax cuts and deregulation: After eight years of high unemployment and meager growth under President Obama’s administration, the Trump tax cuts of 2017 and Trump’s extensive canceling of excessive government regulations on businesses have given a tremendous boost to the American economy. An estimated 25,000 pages of regulations have been canceled, resulting in a savings of $3,100 per household per year. Another result of tax cuts combined with deregulation has been the addition of thousands of new jobs, so that unemployment (before the coronavirus crisis) fell to the lowest point in 50 years, and unemployment among African-American and Hispanic workers was the lowest it has ever been in history.

Building a stronger U.S. military: Reversing the massive budget cuts that had seriously weakened our military under the Obama administration, President Trump has increased military spending by nearly $150 billion per year from $605 billion in 2016 to $750 billion, steadily rebuilding U.S. military readiness.

Protecting unborn babies: Numerous executive orders increasingly restricted government funding for abortions (such as the reinstatement of the Mexico City policy). On February 22, 2019, the Trump administration announced that it would not allow organizations that provide referrals for abortions to receive federal family-planning money, which implies a cut in funding for Planned Parenthood (the nation’s largest abortion provider) unless they perform abortions in a separate facility and not refer patients to it. And on May 2, 2019, the Trump administration’s Department of Health and Human Services issued a new rule protecting healthcare workers who decline on the basis of conscience or religious conviction to participate in procedures such as abortion or assisted suicide. Trump was the first president ever to personally attend the pro-life March for Life in Washington, D.C. on January 24, 2020. And of course, the recent Roe decision.

Expanding educational freedom: President Trump helped give America school choice, resulting in rising support for charter schools, taxpayer-funded vouchers, and tax credits for private-school vouchers, programs aimed at expanding options for parents looking beyond traditional public schools as she brings attention to them.

Standing with Israel: Reversing President Obama’s repeated marginalization and shunning of Israel, President Trump has reaffirmed our commitment to support and defend Israel. He decisively moved the United States Embassy from Tel Aviv to Jerusalem. He recognized the Golan Heights as part of Israel. He has welcomed Prime Minister Benjamin Netanyahu to the White House several times and has repeatedly reaffirmed our support for Israel. Israel never had a better friend in the White House than Donald Trump.

Negotiating a historic agreement between Israel and the United Arab Emirates: On August 13, 2020, President Trump announced that Israel and the United Arab Emirates (UAE) had come to a historic agreement to establish full diplomatic relations between the two countries, including the establishment of permanent embassies and the beginning of direct airline flights between the two countries. This is important because Dubai, the largest city in the UAE, is the leading financial center in the Middle East and plays a paramount role in world air travel and tourism. The agreement will “strengthen regional checks on Iranian power.” It also has the potential to set a pattern for future agreements establishing peaceful relations between Israel and other Arab countries in the Middle East.

He's a regular Jimmy Carter.