Even Wall Street thinks this tax bill is a loser

[The Derp]

According to Goldman Sachs, the former employer of Trump's chief economic adviser, this tax bill will only increase growth 0.3% for 2018 and 2019 before either flat-lining, or producing negative growth beginning in 2020.

Goldman Sees U.S. Tax Cut Boosting Growth 0.3% Point in 2018-19
The U.S. Congress will probably pass tax-cut legislation within the next two weeks, ushering in reductions that will boost economic growth by around 0.3 percentage point for next year and 2019, according to estimates by Goldman Sachs Group Inc.

Goldman Sachs doesn't think the Republican tax bill would be a big boost to the US economy
We note that the effect in 2020 and beyond looks minimal and could actually be slightly negative," the Goldman economists wrote.​

Even Wall Street thinks this bill sucks.

 

[whitehall]

The DOW went up 200 points today. Which Wall Street are you referring to?

 

[easyt65]

Obama could have prevented this by leading Democrats to pass their own Tax Reform Bill...

...except Democrats TAKE - they don't give back, and Obama was too busy funding terrorists around the world and illegals inside the US.

 

[Thinker101]

According to Goldman Sachs, the former employer of Trump's chief economic adviser, this tax bill will only increase growth 0.3% for 2018 and 2019 before either flat-lining, or producing negative growth beginning in 2020.

Goldman Sees U.S. Tax Cut Boosting Growth 0.3% Point in 2018-19
The U.S. Congress will probably pass tax-cut legislation within the next two weeks, ushering in reductions that will boost economic growth by around 0.3 percentage point for next year and 2019, according to estimates by Goldman Sachs Group Inc.

Goldman Sachs doesn't think the Republican tax bill would be a big boost to the US economy
We note that the effect in 2020 and beyond looks minimal and could actually be slightly negative," the Goldman economists wrote.​

Even Wall Street thinks this bill sucks.

Sure, Goldman Sachs, a bunch of upstanding folks.

 

[g5000]

The DOW went up 200 points today. Which Wall Street are you referring to?

Yes, this tax bill lets corporations keep their government gifts which drove up the corporate tax rate so high to begin with.

Now they get to keep those government gifts AND have a lower tax rate, and it comes out of YOUR ass.

Of course they like that. A lot.

And what's another trillion and a half dollars of federal debt, amiright? It's Okay When Trump Does It!™

 

[bendog]

According to Goldman Sachs, the former employer of Trump's chief economic adviser, this tax bill will only increase growth 0.3% for 2018 and 2019 before either flat-lining, or producing negative growth beginning in 2020.

Goldman Sees U.S. Tax Cut Boosting Growth 0.3% Point in 2018-19
The U.S. Congress will probably pass tax-cut legislation within the next two weeks, ushering in reductions that will boost economic growth by around 0.3 percentage point for next year and 2019, according to estimates by Goldman Sachs Group Inc.

Goldman Sachs doesn't think the Republican tax bill would be a big boost to the US economy
We note that the effect in 2020 and beyond looks minimal and could actually be slightly negative," the Goldman economists wrote.​

Even Wall Street thinks this bill sucks.

Oh no, this bill will be very good for stocks.

U.S. investors target 'buyback stocks' in bet on Trump tax plan

But as you say, not so good for the economy

 

[The Derp]

The DOW went up 200 points today. Which Wall Street are you referring to?

The one that just said the tax plan will only amount to 0.3% more growth, while likely resulting in negative growth after 2019.

 

[The Derp]

Obama could have prevented this by leading Democrats to pass their own Tax Reform Bill......except Democrats TAKE - they don't give back, and Obama was too busy funding terrorists around the world and illegals inside the US.

^^Russian Active Measure^^. Stop trolling my thread, you Russian troll.

 

[The Derp]

Sure, Goldman Sachs, a bunch of upstanding folks.

Yet to be seen is the analysis of the tax plan that shows it creates growth.

Mnuchin promised it, then never delivered.

 

[The Derp]

According to Goldman Sachs, the former employer of Trump's chief economic adviser, this tax bill will only increase growth 0.3% for 2018 and 2019 before either flat-lining, or producing negative growth beginning in 2020.

Goldman Sees U.S. Tax Cut Boosting Growth 0.3% Point in 2018-19
The U.S. Congress will probably pass tax-cut legislation within the next two weeks, ushering in reductions that will boost economic growth by around 0.3 percentage point for next year and 2019, according to estimates by Goldman Sachs Group Inc.

Goldman Sachs doesn't think the Republican tax bill would be a big boost to the US economy
We note that the effect in 2020 and beyond looks minimal and could actually be slightly negative," the Goldman economists wrote.​

Even Wall Street thinks this bill sucks.

Oh no, this bill will be very good for stocks.

U.S. investors target 'buyback stocks' in bet on Trump tax plan

But as you say, not so good for the economy

It'll be good for stocks...until 2019 when housing prices crash because the deductions, which are built into the price of the home, are removed. What happened the last time we had a crash of housing prices? Oh right...

 

[easyt65]

Obama could have prevented this by leading Democrats to pass their own Tax Reform Bill......except Democrats TAKE - they don't give back, and Obama was too busy funding terrorists around the world and illegals inside the US.

^^Russian Active Measure^^. Stop trolling my thread, you Russian troll.

Not trolling - you missed my point.

Democrats could have prevented this when they held a near super majority control of Congress. They could have passed their own Tax Reform...but it was not a priority.

 

[Toddsterpatriot]

Even Wall Street thinks this tax bill is a loser

DURR!

 

[Toddsterpatriot]

According to Goldman Sachs, the former employer of Trump's chief economic adviser, this tax bill will only increase growth 0.3% for 2018 and 2019 before either flat-lining, or producing negative growth beginning in 2020.

Goldman Sees U.S. Tax Cut Boosting Growth 0.3% Point in 2018-19
The U.S. Congress will probably pass tax-cut legislation within the next two weeks, ushering in reductions that will boost economic growth by around 0.3 percentage point for next year and 2019, according to estimates by Goldman Sachs Group Inc.

Goldman Sachs doesn't think the Republican tax bill would be a big boost to the US economy
We note that the effect in 2020 and beyond looks minimal and could actually be slightly negative," the Goldman economists wrote.​

Even Wall Street thinks this bill sucks.

Oh no, this bill will be very good for stocks.

U.S. investors target 'buyback stocks' in bet on Trump tax plan

But as you say, not so good for the economy

When someone sells stock at a higher price, why isn't that good for the seller, his family and the economy?

 

[whitehall]

Democrats claimed that the Republican tax bill would only benefit Wall Street and now they claim that it won't benefit Wall Street. Which is it? The problem with the left is that they thrive on bad times and stagnant economy and food stamps and illegal immigration and they see anything that might benefit the Country as a threat.

 

[The Derp]

Obama could have prevented this by leading Democrats to pass their own Tax Reform Bill......except Democrats TAKE - they don't give back, and Obama was too busy funding terrorists around the world and illegals inside the US.

^^Russian Active Measure^^. Stop trolling my thread, you Russian troll.

Not trolling - you missed my point.

Democrats could have prevented this when they held a near super majority control of Congress. They could have passed their own Tax Reform...but it was not a priority.

Your post is a troll post.

 

[The Derp]

Even Wall Street thinks this tax bill is a loser

View attachment 164291

DURR!

According to Goldman Sachs, this tax bill will only increase growth by 0.3% for 2018-19 and then either flat-line, or contract the economy beginning in 2020.

That's a loser.

 

[The Derp]

When someone sells stock at a higher price, why isn't that good for the seller, his family and the economy?

Because they're not trickling down that income like you promised they would if their taxes were lowered. So you've already broken one promise, care to break some more?

 

[Votto]

According to Goldman Sachs, the former employer of Trump's chief economic adviser, this tax bill will only increase growth 0.3% for 2018 and 2019 before either flat-lining, or producing negative growth beginning in 2020.

Goldman Sees U.S. Tax Cut Boosting Growth 0.3% Point in 2018-19
The U.S. Congress will probably pass tax-cut legislation within the next two weeks, ushering in reductions that will boost economic growth by around 0.3 percentage point for next year and 2019, according to estimates by Goldman Sachs Group Inc.

Goldman Sachs doesn't think the Republican tax bill would be a big boost to the US economy
We note that the effect in 2020 and beyond looks minimal and could actually be slightly negative," the Goldman economists wrote.​

Even Wall Street thinks this bill sucks.

Who the hell cares, just so long as it adds another trillion to the debt!

I love the two party system, now it's time for the Dims to get in their and give away more free crap!

 

[g5000]

According to Goldman Sachs, the former employer of Trump's chief economic adviser, this tax bill will only increase growth 0.3% for 2018 and 2019 before either flat-lining, or producing negative growth beginning in 2020.

Goldman Sees U.S. Tax Cut Boosting Growth 0.3% Point in 2018-19
The U.S. Congress will probably pass tax-cut legislation within the next two weeks, ushering in reductions that will boost economic growth by around 0.3 percentage point for next year and 2019, according to estimates by Goldman Sachs Group Inc.

Goldman Sachs doesn't think the Republican tax bill would be a big boost to the US economy
We note that the effect in 2020 and beyond looks minimal and could actually be slightly negative," the Goldman economists wrote.​

Even Wall Street thinks this bill sucks.

Oh no, this bill will be very good for stocks.

U.S. investors target 'buyback stocks' in bet on Trump tax plan

But as you say, not so good for the economy

When someone sells stock at a higher price, why isn't that good for the seller, his family and the economy?

2008 is calling. They have some AIG stock they would like to sell you.

 

[The Derp]

Democrats claimed that the Republican tax bill would only benefit Wall Street and now they claim that it won't benefit Wall Street. Which is it? The problem with the left is that they thrive on bad times and stagnant economy and food stamps and illegal immigration and they see anything that might benefit the Country as a threat.

It benefits the people who work on Wall Street, but this tax bill will assuredly cause a housing crisis which will result in a repeat of what happened to the market in 2008.

In 2008 the market collapsed because home prices dropped thanks to foreclosures from Bush's subprime lending push from 2004-7.

In 2019/20 the market will collapse because home prices dropped thanks to the elimination of the deductions that are built into home prices.

That's why GS says no growth -and likely negative growth- beginning in 2020.

BTW - not one single Conservative has produced an analysis showing this thing will increase growth and pay for itself. Mnuchin promised that analysis, then failed to deliver.

So your contention, that this tax bill will somehow create growth, has no support.