Job creators can't create jobs when the executive branch is strangling them with hundreds upon hundreds of new regulations a month.
Barry is intent on killing the American economy, as George Soros has commanded him to do...
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On The Economy, Is Trump "Right"?
- Thread starter PoliticalChic
- Start date
Barry is intent on killing the American economy, as George Soros has commanded him to do...
- Thread starter
- #42
I'm certainly not going to explain it to political chick as I'm sure hundreds of us have explained it to her in the past and it's done no good obviously. To explain over and over again why its not freddy Fanny Clinton Carter and now FDR's fault that Bush crashed the economy I'm just not going to do it
1. Democrat FDR shredded the Constitution....ignoring article I, section 8, the enumerated powers.
He created GSE's Fannie and Freddie to do something the Constitution didn't authorize: meddle in housing.
2. Democrat Carter....the CRA, constraining banking policy
3. Democrat Clinton....strengthened the CRA
Under Clinton, HUD threatened banks, again, to give unrequited loans.
Henchmen: Democrats Cisneros and Cuomo.
4. Democrats Frank and Dodd barred any governmental discipline in this area.
That's the CliffNotes version.
I don't believe you can handle the details.
- Thread starter
- #43
Job creators can't create jobs when the executive branch is strangling them with hundreds upon hundreds of new regulations a month.Most of those problem are caused by the "job creators" not doing what was promised. What was the point of the tax cuts and why are you ignoring THAT point?Why are you ignoring these:If the Republicans are right, what happened to all the jobs we were promised after the Bush tax cuts? Why hasn't Trump done anything about that during all his years as a "job creator"? Do we really need to sacrifice all we have in the way of clean air, water, food, safety and drugs to the gods of deregulation?
Barry is intent on killing the American economy, as George Soros has commanded him to do...
Did you see this?
"A promise made to repeal ObamaCare with reconciliation"
A promise made to repeal ObamaCare with reconciliation TheHill
Time will tell if these are real conservatives.
washamericom
Gold Member
- Jun 19, 2010
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- #44
make America strong again, we don't need details.Maybe I missed it.
What are Trump's specific ideas on the economy?
.
After Cruz outed McConnell as the bought and paid for Washington establishment LIAR that he is, I'll believe this when I see it.Job creators can't create jobs when the executive branch is strangling them with hundreds upon hundreds of new regulations a month.Most of those problem are caused by the "job creators" not doing what was promised. What was the point of the tax cuts and why are you ignoring THAT point?Why are you ignoring these:If the Republicans are right, what happened to all the jobs we were promised after the Bush tax cuts? Why hasn't Trump done anything about that during all his years as a "job creator"? Do we really need to sacrifice all we have in the way of clean air, water, food, safety and drugs to the gods of deregulation?
Barry is intent on killing the American economy, as George Soros has commanded him to do...
Did you see this?
"A promise made to repeal ObamaCare with reconciliation"
A promise made to repeal ObamaCare with reconciliation TheHill
Time will tell if these are real conservatives.
I have lost all faith that the republican majorities will do ANYTHING "conservative" or "anti obama agenda."
Boehner and McConnell are a couple of the most sickening bastards on the planet. They haven't opposed a DAMN THING that they said they would. They have given obama EVERYTHING he has ever wanted. That's why Rush has been forced to surmise that what the dems want is secretly the same thing the repubs want, because they're all establishment Washington.
And that is primarily what is so attractive about Trump, he ISN'T establishment Washington.
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washamericom
Gold Member
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- #46
not necessescarilly.. recovery from failed capital venture is more healthy in the long run. harry truman for example..Well, I think it's fair and reasonable to ask about his specific plans.If he can create a 10 billion dollar empire for himself, wouldn't it be realistic to assume he could do the same for our economy?Maybe I missed it.
What are Trump's specific ideas on the economy?
.
Remind me again what the community organizer we have now had for credentials...
Those multiple bankruptcies should present a little red flag and make one wonder a bit, no?
.
i knew babe lincoln didn't really attend school. i didn't know he owned a shoe store too..
8 U.S. Presidents Who Started as Entrepreneurs
i'm a kirsten powers fan, she is among the best in the middle to left side.
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I've already explained we are all capitalists, some more than others. Was bush a Ron Paul socialist?We need a capitalist, not a socialist, so that eliminates any democrat.We need a bigger more successful middle class, so we need a middle class first president. Trumps a trickle down thinker.He's not talking about making the rich richer, he's talking about making America as a nation richer, to reinvigorate our stagnant obama economy.No. He could continue an environment where the rich keep getting richer and the masses keep getting poorer.If he can create a 10 billion dollar empire for himself, wouldn't it be realistic to assume he could do the same for our economy?Maybe I missed it.
What are Trump's specific ideas on the economy?
.
How is trump going to make college more affordable for example?
But say he did do the same as every other president before, "MAKE THE RICH RICHER AND THE POOR POORER," then he might have a hard trime getting elected for a second term, although that's exactly what the kenyan has done on top of tell lie after lie after lie after lie, and he still got reelected.
You guys use that word too much its lost all its power and meaning
Explain or show me how trumps empire is an economy of its own. How many people does he employ?We need a capitalist, not a socialist, so that eliminates any democrat.We need a bigger more successful middle class, so we need a middle class first president. Trumps a trickle down thinker.He's not talking about making the rich richer, he's talking about making America as a nation richer, to reinvigorate our stagnant obama economy.No. He could continue an environment where the rich keep getting richer and the masses keep getting poorer.If he can create a 10 billion dollar empire for himself, wouldn't it be realistic to assume he could do the same for our economy?Maybe I missed it.
What are Trump's specific ideas on the economy?
.
How is trump going to make college more affordable for example?
But say he did do the same as every other president before, "MAKE THE RICH RICHER AND THE POOR POORER," then he might have a hard trime getting elected for a second term, although that's exactly what the kenyan has done on top of tell lie after lie after lie after lie, and he still got reelected.
Was Henry Ford a capitalist? He paid his workers well. I like capitalists like that.
Wrong... your "we need to spread the wealth around" messiah is a socialist, as is one of your president wannabe's, Bernie.I've already explained we are all capitalists, some more than others. Was bush a Ron Paul socialist?We need a capitalist, not a socialist, so that eliminates any democrat.We need a bigger more successful middle class, so we need a middle class first president. Trumps a trickle down thinker.He's not talking about making the rich richer, he's talking about making America as a nation richer, to reinvigorate our stagnant obama economy.No. He could continue an environment where the rich keep getting richer and the masses keep getting poorer.If he can create a 10 billion dollar empire for himself, wouldn't it be realistic to assume he could do the same for our economy?
How is trump going to make college more affordable for example?
But say he did do the same as every other president before, "MAKE THE RICH RICHER AND THE POOR POORER," then he might have a hard trime getting elected for a second term, although that's exactly what the kenyan has done on top of tell lie after lie after lie after lie, and he still got reelected.
You guys use that word too much its lost all its power and meaning
If you can't figure out that if someone can amass a fortune of their own that they must possess good financial skills, then you better go back to school.Explain or show me how trumps empire is an economy of its own. How many people does he employ?We need a capitalist, not a socialist, so that eliminates any democrat.We need a bigger more successful middle class, so we need a middle class first president. Trumps a trickle down thinker.He's not talking about making the rich richer, he's talking about making America as a nation richer, to reinvigorate our stagnant obama economy.No. He could continue an environment where the rich keep getting richer and the masses keep getting poorer.If he can create a 10 billion dollar empire for himself, wouldn't it be realistic to assume he could do the same for our economy?
How is trump going to make college more affordable for example?
But say he did do the same as every other president before, "MAKE THE RICH RICHER AND THE POOR POORER," then he might have a hard trime getting elected for a second term, although that's exactly what the kenyan has done on top of tell lie after lie after lie after lie, and he still got reelected.
Was Henry Ford a capitalist? He paid his workers well. I like capitalists like that.
If you want to know how many people Trump employs then google it.
Trump is one of the best capitalists America has.
When the rich went from having 75% of the money to 90% and its headed towards 99%, at what point do you admit your way isn't working and indeed we need to spread that money around.Wrong... your "we need to spread the wealth around" messiah is a socialist, as is one of your president wannabe's, Bernie.I've already explained we are all capitalists, some more than others. Was bush a Ron Paul socialist?We need a capitalist, not a socialist, so that eliminates any democrat.We need a bigger more successful middle class, so we need a middle class first president. Trumps a trickle down thinker.He's not talking about making the rich richer, he's talking about making America as a nation richer, to reinvigorate our stagnant obama economy.No. He could continue an environment where the rich keep getting richer and the masses keep getting poorer.
How is trump going to make college more affordable for example?
But say he did do the same as every other president before, "MAKE THE RICH RICHER AND THE POOR POORER," then he might have a hard trime getting elected for a second term, although that's exactly what the kenyan has done on top of tell lie after lie after lie after lie, and he still got reelected.
You guys use that word too much its lost all its power and meaning
Like a tax on the rich to make college or healthcare affordable.
Who's way?When the rich went from having 75% of the money to 90% and its headed towards 99%, at what point do you admit your way isn't working and indeed we need to spread that money around.Wrong... your "we need to spread the wealth around" messiah is a socialist, as is one of your president wannabe's, Bernie.I've already explained we are all capitalists, some more than others. Was bush a Ron Paul socialist?We need a capitalist, not a socialist, so that eliminates any democrat.We need a bigger more successful middle class, so we need a middle class first president. Trumps a trickle down thinker.He's not talking about making the rich richer, he's talking about making America as a nation richer, to reinvigorate our stagnant obama economy.
But say he did do the same as every other president before, "MAKE THE RICH RICHER AND THE POOR POORER," then he might have a hard trime getting elected for a second term, although that's exactly what the kenyan has done on top of tell lie after lie after lie after lie, and he still got reelected.
You guys use that word too much its lost all its power and meaning
Like a tax on the rich to make college or healthcare affordable.
Who's PRESIDENT RIGHT NOW? Who's BEEN president for almost the LAST SEVEN YEARS?!
You've got to be joking...
washamericom
Gold Member
- Jun 19, 2010
- 13,703
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- #53
racist: The dark legacy of Henry Ford s anti-Semitism COMMENTARY - The Washington PostExplain or show me how trumps empire is an economy of its own. How many people does he employ?We need a capitalist, not a socialist, so that eliminates any democrat.We need a bigger more successful middle class, so we need a middle class first president. Trumps a trickle down thinker.He's not talking about making the rich richer, he's talking about making America as a nation richer, to reinvigorate our stagnant obama economy.No. He could continue an environment where the rich keep getting richer and the masses keep getting poorer.If he can create a 10 billion dollar empire for himself, wouldn't it be realistic to assume he could do the same for our economy?
How is trump going to make college more affordable for example?
But say he did do the same as every other president before, "MAKE THE RICH RICHER AND THE POOR POORER," then he might have a hard trime getting elected for a second term, although that's exactly what the kenyan has done on top of tell lie after lie after lie after lie, and he still got reelected.
Was Henry Ford a capitalist? He paid his workers well. I like capitalists like that.
Fact Check: Is Donald Trump a small business ... - CNN.com
www.cnn.com/2012/10/04/.../fact-check-trump-small-business/
CNN
Oct 5, 2012 - The Trump Organization employs 22,000 people. But Trump also runs a number of other companies that employ fewer than 500, meaning that -- under the federal government's definition -- he qualifies as a small business. According to the U.S.
his genius is name branding.. and he raised great kids.
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- Thread starter
- #54
I've already explained we are all capitalists, some more than others. Was bush a Ron Paul socialist?We need a capitalist, not a socialist, so that eliminates any democrat.We need a bigger more successful middle class, so we need a middle class first president. Trumps a trickle down thinker.He's not talking about making the rich richer, he's talking about making America as a nation richer, to reinvigorate our stagnant obama economy.No. He could continue an environment where the rich keep getting richer and the masses keep getting poorer.If he can create a 10 billion dollar empire for himself, wouldn't it be realistic to assume he could do the same for our economy?
How is trump going to make college more affordable for example?
But say he did do the same as every other president before, "MAKE THE RICH RICHER AND THE POOR POORER," then he might have a hard trime getting elected for a second term, although that's exactly what the kenyan has done on top of tell lie after lie after lie after lie, and he still got reelected.
You guys use that word too much its lost all its power and meaning
What utter nonsense.
You Leftists regularly throw around the term 'revisionist,' but your post is the best example of same that I've seen.
1. The Communists and their Marxist cousins, the Socialists, have worked for revolution since the advent of the New Deal twenty-one years ago by infiltrating government offices, , labor unions, schools and colleges, churches, radio and television, the movies, the publishing business.
2. In an article on socialism in the Encyclopedia Britannica, Prof. G. D. H. Cole, a leading theoretician and historian of the British Labor Party, declares: The distinction between socialism as distinguished by various Labor and Socialist parties of Europe and the New World, and communism, as represented by the Russians and minority parties in other countries is one of tactics-and-strategy rather than one of objective.
Communism is indeed only socialism pursued by revolutionary means and making its revolutionary method a canon of faith...."
In The Communist Manifesto, Marx and Engels stated that communist ends can be attained "only by the forcible overthrow of all existing social conditions."
See Manly, "The Twenty Year Revolution."
- Thread starter
- #55
Wrong... your "we need to spread the wealth around" messiah is a socialist, as is one of your president wannabe's, Bernie.I've already explained we are all capitalists, some more than others. Was bush a Ron Paul socialist?We need a capitalist, not a socialist, so that eliminates any democrat.We need a bigger more successful middle class, so we need a middle class first president. Trumps a trickle down thinker.He's not talking about making the rich richer, he's talking about making America as a nation richer, to reinvigorate our stagnant obama economy.No. He could continue an environment where the rich keep getting richer and the masses keep getting poorer.
How is trump going to make college more affordable for example?
But say he did do the same as every other president before, "MAKE THE RICH RICHER AND THE POOR POORER," then he might have a hard trime getting elected for a second term, although that's exactly what the kenyan has done on top of tell lie after lie after lie after lie, and he still got reelected.
You guys use that word too much its lost all its power and meaning
Yup!
Take a look at this:
"Appearing on “Hardball with Chris Matthews,” Democratic National Committee Chairwoman Debbie Wasserman Schultz was stumped when it came to answering what would appear to be a simple question on political philosophy.
After asking whether she supports the idea of Democratic presidential candidate and socialist Vermont Sen. Bernie Sanders should be given a primetime speaking slot at the Democratic National Convention if he is not the party’s nominee, Matthews threw the Chairwoman a curveball she couldn’t hit.
Matthews asked Wasserman Schultz, “What is the difference between a Democrat and a socialist?”
Wasserman Schultz laughed. Matthews continued, “I used to think there was a big difference, but what do you think it is?”
But Matthews didn’t let it go. “But what’s the big difference between being a Democrat and being a socialist?” Matthews asked. “You’re the chairman of the Democratic Party. Tell me the difference between you and a socialist.”
Again, Wasserman Schultz was unable to answer and tried to change the subject. “The relevant debate that we’ll be having over the course of this campaign,” she said, “is what’s the difference between being a Democrat and being a Republican.”
DNC Chair Can t Explain Difference Between Democrat And Socialist The Daily Caller
- Thread starter
- #56
We began with Obama as the paragon of failure in the economic realm.....
...now for the opposite:
4. The President with a policy record at the success-side of the economic score-sheet.
“Between the early 1980s and 2007 we lived in an economic Golden Age. Never before have so many people advanced so far economically in so short a period of time as they have during the last 25 years. Until the credit crisis, 70 million people a year were joining the middle class. The U.S. kicked off this long boom with the economic reforms of Ronald Reagan, particularly his enormous income tax cuts. We burst from the economic stagnation of the 1970s into a dynamic, innovative, high-tech-oriented economy. Even in recent years the much-maligned U.S. did well. Between year-end 2002 and year-end 2007 U.S. growth exceeded the entire size of China's economy.”
How Capitalism Will Save Us - Forbes
a. Under Reagan, the debt went up $1.7 trillion, from $900 billion to $2.6 trillion.
b. But….the national wealth went up $ 17 trillion
c. Reagan's near-trillion-dollar bulge in defense spending transformed the global balance of power in favor of capitalism. Spurring a stock-market, energy, venture-capital, real-estate and employment boom, the Reagan tax-rate cuts and other pro-enterprise policies added some $17 trillion to America's private-sector assets, dwarfing the trillion-dollar rise in public-sector deficits and creating 45 million net new jobs at rising wages and salaries.
George Gilder The Real Reagan Lesson for Romney-Ryan - WSJ
Reaganomics - Wikipedia the free encyclopedia
5. The benefits from Reaganomics: US Department of the Treasury
Almost.
...now for the opposite:
4. The President with a policy record at the success-side of the economic score-sheet.
“Between the early 1980s and 2007 we lived in an economic Golden Age. Never before have so many people advanced so far economically in so short a period of time as they have during the last 25 years. Until the credit crisis, 70 million people a year were joining the middle class. The U.S. kicked off this long boom with the economic reforms of Ronald Reagan, particularly his enormous income tax cuts. We burst from the economic stagnation of the 1970s into a dynamic, innovative, high-tech-oriented economy. Even in recent years the much-maligned U.S. did well. Between year-end 2002 and year-end 2007 U.S. growth exceeded the entire size of China's economy.”
How Capitalism Will Save Us - Forbes
a. Under Reagan, the debt went up $1.7 trillion, from $900 billion to $2.6 trillion.
b. But….the national wealth went up $ 17 trillion
c. Reagan's near-trillion-dollar bulge in defense spending transformed the global balance of power in favor of capitalism. Spurring a stock-market, energy, venture-capital, real-estate and employment boom, the Reagan tax-rate cuts and other pro-enterprise policies added some $17 trillion to America's private-sector assets, dwarfing the trillion-dollar rise in public-sector deficits and creating 45 million net new jobs at rising wages and salaries.
George Gilder The Real Reagan Lesson for Romney-Ryan - WSJ
Reaganomics - Wikipedia the free encyclopedia
5. The benefits from Reaganomics: US Department of the Treasury
- The economy grew at a 3.4% average rate…compared with 2.9% for the previous eight years, and 2.7% for the next eight.(Table B-4)
- Inflation rate dropped from 12.5% to 4.4%. (Table B-63)
- Unemployment fell to 5.5% from 7.1% (Table B-35)
- Prime interest rate fell by one-third.(Table B-73)
- The S & P 500 jumped 124% (Table B-95) http://www.gpoaccess.gov/eop/tables10.html
- Charitable contributions rose 57% faster than inflation. Dinesh D’Souza, “Ronald Reagan: How an Ordinary May Became an Extraordinary Leader,” p. 116
Almost.
- Thread starter
- #57
6. Obama supporters love to claim that he came into office facing the 'worst economy since the great depression.'
One would imagine that a an interest in curing same would cause the President to look at previous successes in that endeavor.
Let's see what he would have found:
a. " America’s greatest depression fighter was [Republican] Warren Gamaliel Harding.
...Harding inherited the mess, in particular the post-World War I depression – almost as severe, from peak to trough, as the Great Contraction from 1929 to 1933, that FDR inherited and prolonged.
Richard K. Vedder and Lowell E. Gallaway, in their book Out of Work, noted that the magnitude of the 1920 depression "exceeded that for the Great Depression of the following decade for several quarters." The estimated gross national product plunged 24% from $91.5 billion in 1920 to $69.6 billion in 1921. The number of unemployed people jumped from 2.1 million in 1920 to 4.9 million in 1921.
.... . In February 1920, shortly after announcing his candidacy, he advocated a cut in government expenditures and stated that government ought to ‘strike the shackles from industry.’ ‘We need vastly more freedom than we do regulation,’....
.... Federal spending was cut from $6.3 billion in 1920 to $5 billion in 1921 and $3.2 billion in 1922. Federal taxes were cut from $6.6 billion in 1920 to $5.5 billion in 1921 and $4 billion in 1922. Harding’s policies started a trend. The low point for federal taxes was reached in 1924. For federal spending, in 1925. The federal government paid off debt, which had been $24.2 billion in 1920, and it continued to decline until 1930.
Harding had the depression of 1920 licked in a year and a half..."
http://archive.lewrockwell.com/orig4/powell-jim4.html
http://www.nationalreview.com/articles/226645/not-so-great-depression/jim-powell
Lesson to be learned?
One would imagine that a an interest in curing same would cause the President to look at previous successes in that endeavor.
Let's see what he would have found:
a. " America’s greatest depression fighter was [Republican] Warren Gamaliel Harding.
...Harding inherited the mess, in particular the post-World War I depression – almost as severe, from peak to trough, as the Great Contraction from 1929 to 1933, that FDR inherited and prolonged.
Richard K. Vedder and Lowell E. Gallaway, in their book Out of Work, noted that the magnitude of the 1920 depression "exceeded that for the Great Depression of the following decade for several quarters." The estimated gross national product plunged 24% from $91.5 billion in 1920 to $69.6 billion in 1921. The number of unemployed people jumped from 2.1 million in 1920 to 4.9 million in 1921.
.... . In February 1920, shortly after announcing his candidacy, he advocated a cut in government expenditures and stated that government ought to ‘strike the shackles from industry.’ ‘We need vastly more freedom than we do regulation,’....
.... Federal spending was cut from $6.3 billion in 1920 to $5 billion in 1921 and $3.2 billion in 1922. Federal taxes were cut from $6.6 billion in 1920 to $5.5 billion in 1921 and $4 billion in 1922. Harding’s policies started a trend. The low point for federal taxes was reached in 1924. For federal spending, in 1925. The federal government paid off debt, which had been $24.2 billion in 1920, and it continued to decline until 1930.
Harding had the depression of 1920 licked in a year and a half..."
http://archive.lewrockwell.com/orig4/powell-jim4.html
http://www.nationalreview.com/articles/226645/not-so-great-depression/jim-powell
Lesson to be learned?
- Thread starter
- #58
And rather than the bogus 'Stimulus,' a failed project that was no more than cover for paying off Democrat donors, Obama should have studied this:
And this:
b. " The two key measures that mark a depression or expansion are jobs and production. Let's look at the records that were set.... From November 1982, when President Ronald Reagan's new economic program was beginning to take effect, to November 1989, 18.7 million new jobs were created. It was a world record: Never before had so many jobs been created during a comparable time period. The new jobs covered the entire spectrum of work, and more than half of them paid more than $20,000 a year. As total employment grew to 119.5 million, the rate of unemployment fell to slightly over 5 percent, the lowest level in 15 years. Creation of wealth.
Under President Reagan, top personal income tax rates were lowered dramatically, from 70 percent to 28 percent. This policy change was the prime force behind the record breaking economic expansion..... proved beyond doubt to all (except perhaps for a handful of left-wing faculty members in our best universities) that capitalism is superior to Socialism and Communism." The Reagan Boom - Greatest Ever - NYTimes.com
Lessons not learned, huh?
And this:
b. " The two key measures that mark a depression or expansion are jobs and production. Let's look at the records that were set.... From November 1982, when President Ronald Reagan's new economic program was beginning to take effect, to November 1989, 18.7 million new jobs were created. It was a world record: Never before had so many jobs been created during a comparable time period. The new jobs covered the entire spectrum of work, and more than half of them paid more than $20,000 a year. As total employment grew to 119.5 million, the rate of unemployment fell to slightly over 5 percent, the lowest level in 15 years. Creation of wealth.
Under President Reagan, top personal income tax rates were lowered dramatically, from 70 percent to 28 percent. This policy change was the prime force behind the record breaking economic expansion..... proved beyond doubt to all (except perhaps for a handful of left-wing faculty members in our best universities) that capitalism is superior to Socialism and Communism." The Reagan Boom - Greatest Ever - NYTimes.com
Lessons not learned, huh?
- Thread starter
- #59
So....where does Donald Trump fit in the range between Obama and Reagan?
7." Is Donald Trump a supply-sider? In his still young presidential campaign, he has said several times that he wants to be the “jobs president.” In his announcement speech, he put it this way: “I will be the greatest jobs president that God ever created.”
In a Wall Street Journal op-ed back in May 1999, Mr. Trump praised President Reagan’s tax-rate cuts.
...Trump also attacked [Senator Bill] Bradley for putting a lid on IRA savings accounts, [Tax Reform Act of 1986, Democrats,Richard Gephardtof Missouri in the House of Representatives and Bill Bradley of New Jersey in the Senate] which caused a big drop in personal retirement saving.
...he was strongly in favor of extending the George W. Bush tax cuts. But the Trump tax tale gets a lotmore interesting in 2011, when he came out with “Time to Get Tough.” From what I can piece together, his tax talk in the book is pure supply-side.
For instance, he proposed four income-tax brackets: 1% for incomes up to $30,000, 5% for incomes of $30,000 to $100,000, 10% for incomes of $100,000 to $1 million, and 15% for incomes of $1 million or more. A bit messy, but right direction. He also wanted to kill the death tax, lower the taxes on capital gains and dividends, and eliminate corporate taxes.
In the book he quotes Reagan, who said, “The more government takes in taxes, the less incentives people have to work.”
“As with most things, President Reagan had it right. But Reagan was merely echoing the economic thoughts of President John F. Kennedy, who had already said, in 1962, and I quote, “The paradoxical truth is that the tax rates are too high today and tax revenues are too low, and the soundest way to raise revenues in the long run is to cut rates now.”
Nailed it.
Mr. Trump went on to write;
“Reagan and Kennedy’s views prove that smart tax policy shouldn’t be a partisan issue. It should be common sense. If you tax something you get less of it. It’s as simple as that.”
This is right out of the Art Laffer playbook.
Now, I have no idea, here in 2015, if Donald Trump still believes this. But if he does it is a very good thing. It’s solidly pro-growth...."
Is Trump a Supply-Sider Yes But He s Mixed Up In the Tax Policy Debate - The New York Sun
Let's see if Trump continues to say the right things.
7." Is Donald Trump a supply-sider? In his still young presidential campaign, he has said several times that he wants to be the “jobs president.” In his announcement speech, he put it this way: “I will be the greatest jobs president that God ever created.”
In a Wall Street Journal op-ed back in May 1999, Mr. Trump praised President Reagan’s tax-rate cuts.
...Trump also attacked [Senator Bill] Bradley for putting a lid on IRA savings accounts, [Tax Reform Act of 1986, Democrats,Richard Gephardtof Missouri in the House of Representatives and Bill Bradley of New Jersey in the Senate] which caused a big drop in personal retirement saving.
...he was strongly in favor of extending the George W. Bush tax cuts. But the Trump tax tale gets a lotmore interesting in 2011, when he came out with “Time to Get Tough.” From what I can piece together, his tax talk in the book is pure supply-side.
For instance, he proposed four income-tax brackets: 1% for incomes up to $30,000, 5% for incomes of $30,000 to $100,000, 10% for incomes of $100,000 to $1 million, and 15% for incomes of $1 million or more. A bit messy, but right direction. He also wanted to kill the death tax, lower the taxes on capital gains and dividends, and eliminate corporate taxes.
In the book he quotes Reagan, who said, “The more government takes in taxes, the less incentives people have to work.”
“As with most things, President Reagan had it right. But Reagan was merely echoing the economic thoughts of President John F. Kennedy, who had already said, in 1962, and I quote, “The paradoxical truth is that the tax rates are too high today and tax revenues are too low, and the soundest way to raise revenues in the long run is to cut rates now.”
Nailed it.
Mr. Trump went on to write;
“Reagan and Kennedy’s views prove that smart tax policy shouldn’t be a partisan issue. It should be common sense. If you tax something you get less of it. It’s as simple as that.”
This is right out of the Art Laffer playbook.
Now, I have no idea, here in 2015, if Donald Trump still believes this. But if he does it is a very good thing. It’s solidly pro-growth...."
Is Trump a Supply-Sider Yes But He s Mixed Up In the Tax Policy Debate - The New York Sun
Let's see if Trump continues to say the right things.
NYcarbineer
Diamond Member
So....where does Donald Trump fit in the range between Obama and Reagan?
7." Is Donald Trump a supply-sider? In his still young presidential campaign, he has said several times that he wants to be the “jobs president.” In his announcement speech, he put it this way: “I will be the greatest jobs president that God ever created.”
In a Wall Street Journal op-ed back in May 1999, Mr. Trump praised President Reagan’s tax-rate cuts.
...Trump also attacked [Senator Bill] Bradley for putting a lid on IRA savings accounts, [Tax Reform Act of 1986, Democrats,Richard Gephardtof Missouri in the House of Representatives and Bill Bradley of New Jersey in the Senate] which caused a big drop in personal retirement saving.
...he was strongly in favor of extending the George W. Bush tax cuts. But the Trump tax tale gets a lotmore interesting in 2011, when he came out with “Time to Get Tough.” From what I can piece together, his tax talk in the book is pure supply-side.
For instance, he proposed four income-tax brackets: 1% for incomes up to $30,000, 5% for incomes of $30,000 to $100,000, 10% for incomes of $100,000 to $1 million, and 15% for incomes of $1 million or more. A bit messy, but right direction. He also wanted to kill the death tax, lower the taxes on capital gains and dividends, and eliminate corporate taxes.
In the book he quotes Reagan, who said, “The more government takes in taxes, the less incentives people have to work.”
“As with most things, President Reagan had it right. But Reagan was merely echoing the economic thoughts of President John F. Kennedy, who had already said, in 1962, and I quote, “The paradoxical truth is that the tax rates are too high today and tax revenues are too low, and the soundest way to raise revenues in the long run is to cut rates now.”
Nailed it.
Mr. Trump went on to write;
“Reagan and Kennedy’s views prove that smart tax policy shouldn’t be a partisan issue. It should be common sense. If you tax something you get less of it. It’s as simple as that.”
This is right out of the Art Laffer playbook.
Now, I have no idea, here in 2015, if Donald Trump still believes this. But if he does it is a very good thing. It’s solidly pro-growth...."
Is Trump a Supply-Sider Yes But He s Mixed Up In the Tax Policy Debate - The New York Sun
Let's see if Trump continues to say the right things.
Reagan gave us the triple digit deficit. His tax policy was and is a disaster.
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