The Numbers Are Definitively In, Trumps Tax Cuts Were An Economic Dud

[skews13]

So did reality correspond to the theoretical case made for the tax reform bill? We now have enough information to make a reasonably informed assessment. Unless you think that tax havens like Ireland, Bermuda or the Cayman Islands, all of which continue to feature as major foreign holders of U.S. Treasuries, have suddenly emerged as economic superpowers, the more realistic interpretation of the data shows the president’s much-vaunted claims about the tax reform to be bogus on a number of levels. Even though some dollars have been “brought home,” there remain trillions of dollars domiciled in these countries (at least in an accounting sense, which I’ll discuss in a moment). If anything, the key provisions of the new legislation have given even greater incentives for U.S. corporations to shift production abroad, engage in yet more tax avoidance activities and thereby exacerbate prevailing economic inequality. Which, knowing Donald Trump, was the whole point in the first place.


The numbers are definitively in: Trump’s tax cuts were an economic dud

 

[Indeependent]

I was wondering why Nassau County was bustling with commercial construction.

 

[P F Tinmore]

So did reality correspond to the theoretical case made for the tax reform bill? We now have enough information to make a reasonably informed assessment. Unless you think that tax havens like Ireland, Bermuda or the Cayman Islands, all of which continue to feature as major foreign holders of U.S. Treasuries, have suddenly emerged as economic superpowers, the more realistic interpretation of the data shows the president’s much-vaunted claims about the tax reform to be bogus on a number of levels. Even though some dollars have been “brought home,” there remain trillions of dollars domiciled in these countries (at least in an accounting sense, which I’ll discuss in a moment). If anything, the key provisions of the new legislation have given even greater incentives for U.S. corporations to shift production abroad, engage in yet more tax avoidance activities and thereby exacerbate prevailing economic inequality. Which, knowing Donald Trump, was the whole point in the first place.


The numbers are definitively in: Trump’s tax cuts were an economic dud

Tax cuts for the rich only help the economy if there is a shortage in investment capital. But we had a glut in investment capital so that money is just down the toilet.

 

[Dekster]

So did reality correspond to the theoretical case made for the tax reform bill? We now have enough information to make a reasonably informed assessment. Unless you think that tax havens like Ireland, Bermuda or the Cayman Islands, all of which continue to feature as major foreign holders of U.S. Treasuries, have suddenly emerged as economic superpowers, the more realistic interpretation of the data shows the president’s much-vaunted claims about the tax reform to be bogus on a number of levels. Even though some dollars have been “brought home,” there remain trillions of dollars domiciled in these countries (at least in an accounting sense, which I’ll discuss in a moment). If anything, the key provisions of the new legislation have given even greater incentives for U.S. corporations to shift production abroad, engage in yet more tax avoidance activities and thereby exacerbate prevailing economic inequality. Which, knowing Donald Trump, was the whole point in the first place.


The numbers are definitively in: Trump’s tax cuts were an economic dud

Tax cuts for the rich only help the economy if there is a shortage in investment capital. But we had a glut in investment capital so that money is just down the toilet.

Not really. It is inflating prices in the markets which indirectly benefits at least those with market-based retirement plans or investments.

 

[Brain357]

Sure has helped deficits...

 

[Harpy Eagle]

Sure has helped deficits...

Yes it did, helped make them bigger and bigger!

 

[P F Tinmore]

So did reality correspond to the theoretical case made for the tax reform bill? We now have enough information to make a reasonably informed assessment. Unless you think that tax havens like Ireland, Bermuda or the Cayman Islands, all of which continue to feature as major foreign holders of U.S. Treasuries, have suddenly emerged as economic superpowers, the more realistic interpretation of the data shows the president’s much-vaunted claims about the tax reform to be bogus on a number of levels. Even though some dollars have been “brought home,” there remain trillions of dollars domiciled in these countries (at least in an accounting sense, which I’ll discuss in a moment). If anything, the key provisions of the new legislation have given even greater incentives for U.S. corporations to shift production abroad, engage in yet more tax avoidance activities and thereby exacerbate prevailing economic inequality. Which, knowing Donald Trump, was the whole point in the first place.


The numbers are definitively in: Trump’s tax cuts were an economic dud

Tax cuts for the rich only help the economy if there is a shortage in investment capital. But we had a glut in investment capital so that money is just down the toilet.

Not really. It is inflating prices in the markets which indirectly benefits at least those with market-based retirement plans or investments.

Is that market strength or market bubble?

 

[Harpy Eagle]

So did reality correspond to the theoretical case made for the tax reform bill? We now have enough information to make a reasonably informed assessment. Unless you think that tax havens like Ireland, Bermuda or the Cayman Islands, all of which continue to feature as major foreign holders of U.S. Treasuries, have suddenly emerged as economic superpowers, the more realistic interpretation of the data shows the president’s much-vaunted claims about the tax reform to be bogus on a number of levels. Even though some dollars have been “brought home,” there remain trillions of dollars domiciled in these countries (at least in an accounting sense, which I’ll discuss in a moment). If anything, the key provisions of the new legislation have given even greater incentives for U.S. corporations to shift production abroad, engage in yet more tax avoidance activities and thereby exacerbate prevailing economic inequality. Which, knowing Donald Trump, was the whole point in the first place.


The numbers are definitively in: Trump’s tax cuts were an economic dud

Tax cuts for the rich only help the economy if there is a shortage in investment capital. But we had a glut in investment capital so that money is just down the toilet.

Not really. It is inflating prices in the markets which indirectly benefits at least those with market-based retirement plans or investments.

Actually the market have been pretty stagnant since the tax cut passed.

The DJI for example has grown just 10% in the 19 months since the tax cuts went into effect, as opposed to 25% in the 12 months prior to the tax cuts.

 

[Thinker101]

So did reality correspond to the theoretical case made for the tax reform bill? We now have enough information to make a reasonably informed assessment. Unless you think that tax havens like Ireland, Bermuda or the Cayman Islands, all of which continue to feature as major foreign holders of U.S. Treasuries, have suddenly emerged as economic superpowers, the more realistic interpretation of the data shows the president’s much-vaunted claims about the tax reform to be bogus on a number of levels. Even though some dollars have been “brought home,” there remain trillions of dollars domiciled in these countries (at least in an accounting sense, which I’ll discuss in a moment). If anything, the key provisions of the new legislation have given even greater incentives for U.S. corporations to shift production abroad, engage in yet more tax avoidance activities and thereby exacerbate prevailing economic inequality. Which, knowing Donald Trump, was the whole point in the first place.


The numbers are definitively in: Trump’s tax cuts were an economic dud

Evidently there are some that disagree with "RawStory".
Trump Tax-Cut Results: Federal Revenues Hit All-Time Highs | Investor's Business Daily

 

[Harpy Eagle]

So did reality correspond to the theoretical case made for the tax reform bill? We now have enough information to make a reasonably informed assessment. Unless you think that tax havens like Ireland, Bermuda or the Cayman Islands, all of which continue to feature as major foreign holders of U.S. Treasuries, have suddenly emerged as economic superpowers, the more realistic interpretation of the data shows the president’s much-vaunted claims about the tax reform to be bogus on a number of levels. Even though some dollars have been “brought home,” there remain trillions of dollars domiciled in these countries (at least in an accounting sense, which I’ll discuss in a moment). If anything, the key provisions of the new legislation have given even greater incentives for U.S. corporations to shift production abroad, engage in yet more tax avoidance activities and thereby exacerbate prevailing economic inequality. Which, knowing Donald Trump, was the whole point in the first place.


The numbers are definitively in: Trump’s tax cuts were an economic dud

Evidently there are some that disagree with "RawStory".
Trump Tax-Cut Results: Federal Revenues Hit All-Time Highs | Investor's Business Daily

An article from 9 months ago is the best that you can do? Which is funny since revenues for CY18 were lower than for CY17.

 

[Thinker101]

So did reality correspond to the theoretical case made for the tax reform bill? We now have enough information to make a reasonably informed assessment. Unless you think that tax havens like Ireland, Bermuda or the Cayman Islands, all of which continue to feature as major foreign holders of U.S. Treasuries, have suddenly emerged as economic superpowers, the more realistic interpretation of the data shows the president’s much-vaunted claims about the tax reform to be bogus on a number of levels. Even though some dollars have been “brought home,” there remain trillions of dollars domiciled in these countries (at least in an accounting sense, which I’ll discuss in a moment). If anything, the key provisions of the new legislation have given even greater incentives for U.S. corporations to shift production abroad, engage in yet more tax avoidance activities and thereby exacerbate prevailing economic inequality. Which, knowing Donald Trump, was the whole point in the first place.


The numbers are definitively in: Trump’s tax cuts were an economic dud

Evidently there are some that disagree with "RawStory".
Trump Tax-Cut Results: Federal Revenues Hit All-Time Highs | Investor's Business Daily

An article from 9 months ago is the best that you can do? Which is funny since revenues for CY18 were lower than for CY17.

And tax rates have changed in those 9 months?

 

[kyzr]

Trump and Nancy need to work out a tax plan that cuts the deficit as part of the Debt Ceiling Deal. The top tax rate needs to be raised to cover spending before Medicare and SS can't pay their obligations.

 

[Dekster]

So did reality correspond to the theoretical case made for the tax reform bill? We now have enough information to make a reasonably informed assessment. Unless you think that tax havens like Ireland, Bermuda or the Cayman Islands, all of which continue to feature as major foreign holders of U.S. Treasuries, have suddenly emerged as economic superpowers, the more realistic interpretation of the data shows the president’s much-vaunted claims about the tax reform to be bogus on a number of levels. Even though some dollars have been “brought home,” there remain trillions of dollars domiciled in these countries (at least in an accounting sense, which I’ll discuss in a moment). If anything, the key provisions of the new legislation have given even greater incentives for U.S. corporations to shift production abroad, engage in yet more tax avoidance activities and thereby exacerbate prevailing economic inequality. Which, knowing Donald Trump, was the whole point in the first place.


The numbers are definitively in: Trump’s tax cuts were an economic dud

Tax cuts for the rich only help the economy if there is a shortage in investment capital. But we had a glut in investment capital so that money is just down the toilet.

Not really. It is inflating prices in the markets which indirectly benefits at least those with market-based retirement plans or investments.

Actually the market have been pretty stagnant since the tax cut passed.

The DJI for example has grown just 10% in the 19 months since the tax cuts went into effect, as opposed to 25% in the 12 months prior to the tax cuts.

10% growth is better than 20% decline because the irrational exuberance of the 25% growth wore off.

 

[Tumblin Tumbleweed]

So did reality correspond to the theoretical case made for the tax reform bill? We now have enough information to make a reasonably informed assessment. Unless you think that tax havens like Ireland, Bermuda or the Cayman Islands, all of which continue to feature as major foreign holders of U.S. Treasuries, have suddenly emerged as economic superpowers, the more realistic interpretation of the data shows the president’s much-vaunted claims about the tax reform to be bogus on a number of levels. Even though some dollars have been “brought home,” there remain trillions of dollars domiciled in these countries (at least in an accounting sense, which I’ll discuss in a moment). If anything, the key provisions of the new legislation have given even greater incentives for U.S. corporations to shift production abroad, engage in yet more tax avoidance activities and thereby exacerbate prevailing economic inequality. Which, knowing Donald Trump, was the whole point in the first place.


The numbers are definitively in: Trump’s tax cuts were an economic dud

But, but lowest black unemployment EVAR! ...Or something...

 

[Cellblock2429]

So did reality correspond to the theoretical case made for the tax reform bill? We now have enough information to make a reasonably informed assessment. Unless you think that tax havens like Ireland, Bermuda or the Cayman Islands, all of which continue to feature as major foreign holders of U.S. Treasuries, have suddenly emerged as economic superpowers, the more realistic interpretation of the data shows the president’s much-vaunted claims about the tax reform to be bogus on a number of levels. Even though some dollars have been “brought home,” there remain trillions of dollars domiciled in these countries (at least in an accounting sense, which I’ll discuss in a moment). If anything, the key provisions of the new legislation have given even greater incentives for U.S. corporations to shift production abroad, engage in yet more tax avoidance activities and thereby exacerbate prevailing economic inequality. Which, knowing Donald Trump, was the whole point in the first place.


The numbers are definitively in: Trump’s tax cuts were an economic dud

Tax cuts for the rich only help the economy if there is a shortage in investment capital. But we had a glut in investment capital so that money is just down the toilet.

Not really. It is inflating prices in the markets which indirectly benefits at least those with market-based retirement plans or investments.

Actually the market have been pretty stagnant since the tax cut passed.

The DJI for example has grown just 10% in the 19 months since the tax cuts went into effect, as opposed to 25% in the 12 months prior to the tax cuts.

/——-/ The DJI is an average of 30 companies and not reflective of the economy. Duhhhh

 

[Dekster]

So did reality correspond to the theoretical case made for the tax reform bill? We now have enough information to make a reasonably informed assessment. Unless you think that tax havens like Ireland, Bermuda or the Cayman Islands, all of which continue to feature as major foreign holders of U.S. Treasuries, have suddenly emerged as economic superpowers, the more realistic interpretation of the data shows the president’s much-vaunted claims about the tax reform to be bogus on a number of levels. Even though some dollars have been “brought home,” there remain trillions of dollars domiciled in these countries (at least in an accounting sense, which I’ll discuss in a moment). If anything, the key provisions of the new legislation have given even greater incentives for U.S. corporations to shift production abroad, engage in yet more tax avoidance activities and thereby exacerbate prevailing economic inequality. Which, knowing Donald Trump, was the whole point in the first place.


The numbers are definitively in: Trump’s tax cuts were an economic dud

Tax cuts for the rich only help the economy if there is a shortage in investment capital. But we had a glut in investment capital so that money is just down the toilet.

Not really. It is inflating prices in the markets which indirectly benefits at least those with market-based retirement plans or investments.

Is that market strength or market bubble?

A little of both depending on what companies are doing. Buy backs at least holds value into the future. Companies with growing P/E's, no or little dividend growth and no buy backs going on are more bubbles.

 

[Cellblock2429]

So did reality correspond to the theoretical case made for the tax reform bill? We now have enough information to make a reasonably informed assessment. Unless you think that tax havens like Ireland, Bermuda or the Cayman Islands, all of which continue to feature as major foreign holders of U.S. Treasuries, have suddenly emerged as economic superpowers, the more realistic interpretation of the data shows the president’s much-vaunted claims about the tax reform to be bogus on a number of levels. Even though some dollars have been “brought home,” there remain trillions of dollars domiciled in these countries (at least in an accounting sense, which I’ll discuss in a moment). If anything, the key provisions of the new legislation have given even greater incentives for U.S. corporations to shift production abroad, engage in yet more tax avoidance activities and thereby exacerbate prevailing economic inequality. Which, knowing Donald Trump, was the whole point in the first place.


The numbers are definitively in: Trump’s tax cuts were an economic dud

/——/ Rawstory??? Bwhahahaha
From your link: The corporate tax rates are still too high, an improvement but not enough.
“America’s 21 percent tax rate when it could pay the new ‘global minimum’ rate of 10.5 percent on profits shifted to tax havens, particularly when there are few restrictions on how money can be moved around a company and its foreign subsidiaries?”

 

[Harpy Eagle]

So did reality correspond to the theoretical case made for the tax reform bill? We now have enough information to make a reasonably informed assessment. Unless you think that tax havens like Ireland, Bermuda or the Cayman Islands, all of which continue to feature as major foreign holders of U.S. Treasuries, have suddenly emerged as economic superpowers, the more realistic interpretation of the data shows the president’s much-vaunted claims about the tax reform to be bogus on a number of levels. Even though some dollars have been “brought home,” there remain trillions of dollars domiciled in these countries (at least in an accounting sense, which I’ll discuss in a moment). If anything, the key provisions of the new legislation have given even greater incentives for U.S. corporations to shift production abroad, engage in yet more tax avoidance activities and thereby exacerbate prevailing economic inequality. Which, knowing Donald Trump, was the whole point in the first place.


The numbers are definitively in: Trump’s tax cuts were an economic dud

Tax cuts for the rich only help the economy if there is a shortage in investment capital. But we had a glut in investment capital so that money is just down the toilet.

Not really. It is inflating prices in the markets which indirectly benefits at least those with market-based retirement plans or investments.

Actually the market have been pretty stagnant since the tax cut passed.

The DJI for example has grown just 10% in the 19 months since the tax cuts went into effect, as opposed to 25% in the 12 months prior to the tax cuts.

/——-/ The DJI is an average of 30 companies and not reflective of the economy. Duhhhh

Do try and follow the threads, you always make comments that have nothing to do with the flow of the thread.

Every measure of the market, DJI, NSADAQ, S&P, Russell 2000...have the same stagnation.

 

[Cellblock2429]

So did reality correspond to the theoretical case made for the tax reform bill? We now have enough information to make a reasonably informed assessment. Unless you think that tax havens like Ireland, Bermuda or the Cayman Islands, all of which continue to feature as major foreign holders of U.S. Treasuries, have suddenly emerged as economic superpowers, the more realistic interpretation of the data shows the president’s much-vaunted claims about the tax reform to be bogus on a number of levels. Even though some dollars have been “brought home,” there remain trillions of dollars domiciled in these countries (at least in an accounting sense, which I’ll discuss in a moment). If anything, the key provisions of the new legislation have given even greater incentives for U.S. corporations to shift production abroad, engage in yet more tax avoidance activities and thereby exacerbate prevailing economic inequality. Which, knowing Donald Trump, was the whole point in the first place.


The numbers are definitively in: Trump’s tax cuts were an economic dud

Tax cuts for the rich only help the economy if there is a shortage in investment capital. But we had a glut in investment capital so that money is just down the toilet.

Not really. It is inflating prices in the markets which indirectly benefits at least those with market-based retirement plans or investments.

Actually the market have been pretty stagnant since the tax cut passed.

The DJI for example has grown just 10% in the 19 months since the tax cuts went into effect, as opposed to 25% in the 12 months prior to the tax cuts.

/——-/ The DJI is an average of 30 companies and not reflective of the economy. Duhhhh

Do try and follow the threads, you always make comments that have nothing to do with the flow of the thread.

Every measure of the market, DJI, NSADAQ, S&P, Russell 2000...have the same stagnation.

/——/ What??? I’m responding to this directly:
“The DJI for example has grown just 10% in the 19 months” And its a meaningless statistic.

 

[Mr Natural]

Not nearly enough trickling going on.