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So...profoundly ignorant progressive...why do you attempt to hijack the thread and avoid discussing the fact that revenues to the federal government increased after tax cuts? Oops.So, ignorant conservative....how are revenues in Kansas and Oklahoma?It isn’t such a shame that half of the left is so profoundly ignorant of basic economics and the other half is so unethical and devious that the egregiously lie about economics so that they can mooch off of society.
Conservatives have known this for decades and decades. It’s just basic math and it indisputably proves the Laffer Curve. Revenues to the government went up after the tax cuts (because more people were employed in a better economy thanks to the tax cuts, which provides the government with a significantly large pool of people to tax). Which in turn, proves that we unquestionably have a spending problem and not a revenue problem.One would have expected gross revenue to plummet in February once the new tax rates were applied to withholdings for this year. My withholdings dropped already for the last two weeks in January but by February everyone should have seen the effects of the tax cut and revenue to the Treasury should have shrunk noticeably. After all, on some measure this was the largest tax cut in history. Yet compared with February 2017, gross revenue was nearly unchanged. It actually ticked up very slightly by $1.36 billion.
How about that? Revenue stays the same after massive tax cut
So...profoundly ignorant progressive...why do you attempt to hijack the thread and avoid discussing the fact that revenues to the federal government increased after tax cuts? Oops.So, ignorant conservative....how are revenues in Kansas and Oklahoma?It isn’t such a shame that half of the left is so profoundly ignorant of basic economics and the other half is so unethical and devious that the egregiously lie about economics so that they can mooch off of society.
Conservatives have known this for decades and decades. It’s just basic math and it indisputably proves the Laffer Curve. Revenues to the government went up after the tax cuts (because more people were employed in a better economy thanks to the tax cuts, which provides the government with a significantly large pool of people to tax). Which in turn, proves that we unquestionably have a spending problem and not a revenue problem.One would have expected gross revenue to plummet in February once the new tax rates were applied to withholdings for this year. My withholdings dropped already for the last two weeks in January but by February everyone should have seen the effects of the tax cut and revenue to the Treasury should have shrunk noticeably. After all, on some measure this was the largest tax cut in history. Yet compared with February 2017, gross revenue was nearly unchanged. It actually ticked up very slightly by $1.36 billion.
How about that? Revenue stays the same after massive tax cut
In addition, why do you ignore the thriving economies of Texas, Wisconsin (under Scott Walker), and North Dakota (among many other states)? Oops again.
How dumb do you feel right now?
“Blindly advocate for”? Snowflake, this is real world, proven economic policy. Proven yet again by the results of the Republican tax cuts. And you continue to ignore the indisputable facts while refusing to produce anything of value to dispute it. I posted a link to data. You’ve posted nothing but partisan hack propaganda.Both conservative governors of Kansas (Especial brownback) and Oklahoma used good olde art laffer and his curve to use their states as real life experiments of the economic policies that you blindly advocate for.
We already answered that question. Revenues to the government in February of 2018 increased after tax cuts compared to February of 2017 without the tax cuts.This begs the question, did the experiment work?
We already answered that question. Revenues to the government in February of 2018 increased after tax cuts compared to February of 2017 without the tax cuts.This begs the question, did the experiment work?
We already answered that question. Revenues to the government in February of 2018 increased after tax cuts compared to February of 2017 without the tax cuts.This begs the question, did the experiment work?
That’s exactly what it is...Dude, that is not a comparison about the tax cut.
Uh...yeah. Guess what happens when people have more money in their pocket? They can afford things that they couldn’t afford when they had less money in their pocket.Home ownership is up over 2017 too, is that due to tax cut too?
That’s exactly what it is...Dude, that is not a comparison about the tax cut.
Uh...yeah. Guess what happens when people have more money in their pocket? They can afford things that they couldn’t afford when they had less money in their pocket.Home ownership is up over 2017 too, is that due to tax cut too?
You are 100% correct. That’s the point (which you are apparently not bright enough to grasp despite stating itAlso, you cited a flat revenue number from tax receipts collected in Feb 2017 to Feb 2018 as proof of revenues "increasing" because of a payroll tax change? Seems to me that having an additional 2.4 million people in the labor force would/should have more effect on tax revenue, but your the idiot trying judge apples as oranges.
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You are 100% correct. That’s the point (which you are apparently not bright enough to grasp despite stating itAlso, you cited a flat revenue number from tax receipts collected in Feb 2017 to Feb 2018 as proof of revenues "increasing" because of a payroll tax change? Seems to me that having an additional 2.4 million people in the labor force would/should have more effect on tax revenue, but your the idiot trying judge apples as oranges.
History has proven time and time again that businesses will expand their business when they have the money to do so. Conservative policy leaves their money in their pocket to hire more staff. Failed left-wing policy takes more and more of their money until businesses are forced to contract.
This is what the entire Laffer Curve is about. Lower taxes result in a larger work force resulting in a large pool of taxable income. You actually just supported what you claim doesn’t work.
Five years ago this week, Kansas Governor Sam Brownback signed one of the biggest income tax cuts a state has ever enacted, promising that they’d act “like a shot of adrenaline into the heart of the Kansas economy.” Tax cut promoters Art Laffer and Stephen Moore, who helped design the cuts, said they would produce an “immediate and lasting boost” to the state’s economy. Rather than fueling an economic surge, however, the tax cuts have wreaked havoc on Kansas’ budget, as the timeline below shows.
Revenues fell $700 million in the first year and have never recovered, even as the costs of education and other services have risen with inflation and population growth. That’s left the state with a serious budget imbalance, which the governor and lawmakers have tried to paper over by draining operating reserves and raiding the state highway fund at the expense of needed road projects, among other dubious maneuvers.
There’s been this persistent argument that if we cut taxes, the economy will grow enough to make up for the lost revenue, and it just simply doesn’t happen,” said economist Mickey Hepner, the dean of the University of Central Oklahoma’s College of Business.
Oklahoma isn’t the only red state in tax-cut distress. Lawmakers in GOP-led Kansas, Indiana, Missouri and Mississippi are debating ways of raising more revenue to ease budget problems. In neighboring Arkansas, where Republicans recently won control of the statehouse, GOP leaders approved a more modest tax cut proposal than many conservatives wanted.
Says the dimwit who declared the Laffer Curve a joke and then turned around and claimed that the increased tax revenues was the result of a larger work force - the exact premise of the Laffer Curve.God, your an idiot.You are 100% correct. That’s the point (which you are apparently not bright enough to grasp despite stating itAlso, you cited a flat revenue number from tax receipts collected in Feb 2017 to Feb 2018 as proof of revenues "increasing" because of a payroll tax change? Seems to me that having an additional 2.4 million people in the labor force would/should have more effect on tax revenue, but your the idiot trying judge apples as oranges.
History has proven time and time again that businesses will expand their business when they have the money to do so. Conservative policy leaves their money in their pocket to hire more staff. Failed left-wing policy takes more and more of their money until businesses are forced to contract.
This is what the entire Laffer Curve is about. Lower taxes result in a larger work force resulting in a large pool of taxable income. You actually just supported what you claim doesn’t work.
Except that that is exactly what happens. It just happened. My link proved it. Indisputably, unequivocally proved it.And on to Oklahoma...
There’s been this persistent argument that if we cut taxes, the economy will grow enough to make up for the lost revenue, and it just simply doesn’t happen,” said economist Mickey Hepner, the dean of the University of Central Oklahoma’s College of Business.
History of tax cuts catches up to Oklahoma as state struggles to fund schools, troopers and more amid shortfall
Says the dimwit who declared the Laffer Curve a joke and then turned around and claimed that the increased tax revenues was the result of a larger work force - the exact premise of the Laffer Curve.God, your an idiot.You are 100% correct. That’s the point (which you are apparently not bright enough to grasp despite stating itAlso, you cited a flat revenue number from tax receipts collected in Feb 2017 to Feb 2018 as proof of revenues "increasing" because of a payroll tax change? Seems to me that having an additional 2.4 million people in the labor force would/should have more effect on tax revenue, but your the idiot trying judge apples as oranges.
History has proven time and time again that businesses will expand their business when they have the money to do so. Conservative policy leaves their money in their pocket to hire more staff. Failed left-wing policy takes more and more of their money until businesses are forced to contract.
This is what the entire Laffer Curve is about. Lower taxes result in a larger work force resulting in a large pool of taxable income. You actually just supported what you claim doesn’t work.
I can understand why you are lashing out. You really humiliated yourself on this one.
This also unequivocally proves that progressives lie about taxes. They claim taxes have absolutely no negative impact on businesses, their growth, or jobs. Oops. Here is a business halting their expansion - which is halting all current construction and all future Amazon jobs - because of high progressive taxes. And Amazon is an extreme left-wing company too, so this is no “ring-wing” company pulling some stunt.Amazon’s vice president, Drew Herdener, said, “I can confirm that pending the outcome of the head tax vote by City Council, Amazon has paused all construction planning on our Block 18 project in downtown Seattle and is evaluation options to sub-lease all space in our recently leased Rainier Square building.”
This is unsustainable and it will lead to our collapse. It is high time we end the handouts and force these parasites to fend for themselves.In 2015, the top 50% of taxpayers paid 97.2% of all individual income taxes.
Low tax conservative policy = universal prosperity
High tax progressive policy = universal poverty
History has proven it over and over and over without exception...
Tax Reform Is Boosting Take-Home Pay for Millions of Americans
Low tax conservative policy = universal prosperity
Nothing ends in failure like idiotic left-wing policy...
This also unequivocally proves that progressives lie about taxes. They claim taxes have absolutely no negative impact on businesses, their growth, or jobs. Oops. Here is a business halting their expansion - which is halting all current construction and all future Amazon jobs - because of high progressive taxes. And Amazon is an extreme left-wing company too, so this is no “ring-wing” company pulling some stunt.Amazon’s vice president, Drew Herdener, said, “I can confirm that pending the outcome of the head tax vote by City Council, Amazon has paused all construction planning on our Block 18 project in downtown Seattle and is evaluation options to sub-lease all space in our recently leased Rainier Square building.”
With threat of a proposed ‘head tax,’ Amazon halts further construction in Seattle
