ECONOMISTS: Democrats' 'Inflation Reduction Bill' = 'Economic Malpractice'

[easyt65]

"Raising taxes and increasing spending is "economic malpractice."

"So [the Congressional Budget Office] says it disincentivizes companies for building factories, buying equipment, which would help guide us get out of recession," the South Carolina Republican continued. "There's a 16.4% tax on imported barrels of oil that are going to increase cost at the gas pump, subsidies for Obamacare go to families making $304,000 a year, which I think is ill-conceived, and the bottom line, it's not going to help inflation."


"It says it would reduce the deficit by $100 billion – we're going to spend almost a trillion dollars," the senator said. "The truth is the Obamacare subsidies go away after 3 years. Well, we all know they're not going to go away. So if they stayed in place for 10 years it would add $280 billion to the deficit. So it's a gimmick."


Again, Democrats are betting on just how stupid they think you are ... and counting on you to be powerless to stop them...

Democrats’ Inflation Reduction Act is ‘economic malpractice’: Economist

American Legislative Exchange Council economist Jonathan Williams provides professional analysis of Democrats' latest bill, the Inflation Reduction Act.

www.foxnews.com

 

[CrusaderFrank]

"Raising taxes and increasing spending is "economic malpractice."

"So [the Congressional Budget Office] says it disincentivizes companies for building factories, buying equipment, which would help guide us get out of recession," the South Carolina Republican continued. "There's a 16.4% tax on imported barrels of oil that are going to increase cost at the gas pump, subsidies for Obamacare go to families making $304,000 a year, which I think is ill-conceived, and the bottom line, it's not going to help inflation."


"It says it would reduce the deficit by $100 billion – we're going to spend almost a trillion dollars," the senator said. "The truth is the Obamacare subsidies go away after 3 years. Well, we all know they're not going to go away. So if they stayed in place for 10 years it would add $280 billion to the deficit. So it's a gimmick."


Again, Democrats are betting on just how stupid they think you are ... and counting on you to be powerless to stop them...

Democrats’ Inflation Reduction Act is ‘economic malpractice’: Economist

American Legislative Exchange Council economist Jonathan Williams provides professional analysis of Democrats' latest bill, the Inflation Reduction Act.

www.foxnews.com

They spy on Trump - nothing happens
They cheat in the tens of millions of votes column - nothing happens.
They inside trade, snort Crack, drive drunk, fuck 16 year old girls with Epstein, lock up their political enemies, wreck the economy - nothing happens

 

[struth]

the demafasict play on the stupidity of the dembot cult

 

[CrusaderFrank]

Instead of IRS agents, we would have been better off hiring a bucket brigade to refill Lakes Mead and Powell

 

[Mac1958]

In reality, opinions from economists are mixed.

Mr. Williams is with the "American Legislative Exchange Council", a group that says it is "dedicated to the principles of limited government, free markets and federalism".

In other words, he is a partisan ideologue. And whether they're from the Left or the Right, economists who are partisan ideologues are worthless. He's throwing darts for air time.

Home - American Legislative Exchange Council

50th Annual Meeting of the American Legislative Exchange Council Kicking Off in Orlando, Florida.

alec.org

​

 

[Smokin' OP]

Democrats should propose massive tax cuts for corporations.
Republicans would vote, NO, on it because, that's the way they are.

 

[JGalt]

 

[kyzr]

"Raising taxes and increasing spending is "economic malpractice."

"So [the Congressional Budget Office] says it disincentivizes companies for building factories, buying equipment, which would help guide us get out of recession," the South Carolina Republican continued. "There's a 16.4% tax on imported barrels of oil that are going to increase cost at the gas pump, subsidies for Obamacare go to families making $304,000 a year, which I think is ill-conceived, and the bottom line, it's not going to help inflation."

"It says it would reduce the deficit by $100 billion – we're going to spend almost a trillion dollars," the senator said. "The truth is the Obamacare subsidies go away after 3 years. Well, we all know they're not going to go away. So if they stayed in place for 10 years it would add $280 billion to the deficit. So it's a gimmick."
Again, Democrats are betting on just how stupid they think you are ... and counting on you to be powerless to stop them...

If the Obamacare subsidies go away after 3-years, the new GOP House will NOT extend them.
Most of the "gimmicks" in the Bill happen way out near the end of the decade, like the hiring and training of 87,000 new IRS agents...never happen.

 

[Smokin' OP]

View attachment 679243

Sure, retard.

The Trump cult believes the dear leader, who doesn't understand.

August 2 2019
President Donald Trump told an Ohio audience Thursday that China is footing the bill for the massive tariffs he's slapped on foreign goods coming into the United States.

“Don’t let them tell you, the fact is — China devalues their currency, they pour money into their system. Because of that, you’re not paying for those tariffs. China’s paying for those tariffs,” the president said, hours after announcing the new set of tariffs on Chinese goods. “Until such time as there is a deal, we will be taxing the hell out of China.”

But economists say that's not how tariffs work, and that Americans are the ones footing the bill so far.

Tariffs are taxes on goods coming in to the U.S., paid by the importer. The exporter — in this scenario, China — doesn't pay a thing.

Trump and his cult are the flies.

 

[Bootney Lee Farnsworth]

In reality, opinions from economists are mixed.

Mr. Williams is with the "American Legislative Exchange Council", a group that says it is "dedicated to the principles of limited government, free markets and federalism".

In other words, he is a partisan ideologue. And whether they're from the Left or the Right, economists who are partisan ideologues are worthless. He's throwing darts for air time.

Home - American Legislative Exchange Council

50th Annual Meeting of the American Legislative Exchange Council Kicking Off in Orlando, Florida.

alec.org

​

Limited government, free markets, and federalism are partisan concepts?

For the love of Thor, you are in lockstep with the leftist horde.

You Keynesians need to be rounded up and flogged. Then forced to pay back all your bullshit spending.

This is why we will need a civil war, to repeal the 16th Amendment.

 

[kyzr]

Sure, retard.
The Trump cult believes the dear leader, who doesn't understand.
August 2 2019
President Donald Trump told an Ohio audience Thursday that China is footing the bill for the massive tariffs he's slapped on foreign goods coming into the United States.
“Don’t let them tell you, the fact is — China devalues their currency, they pour money into their system. Because of that, you’re not paying for those tariffs. China’s paying for those tariffs,” the president said, hours after announcing the new set of tariffs on Chinese goods. “Until such time as there is a deal, we will be taxing the hell out of China.”
But economists say that's not how tariffs work, and that Americans are the ones footing the bill so far.
Tariffs are taxes on goods coming in to the U.S., paid by the importer. The exporter — in this scenario, China — doesn't pay a thing.
Trump and his cult are the flies.

Tariffs are used to make US products more competitive with goods produced in China many times with subsidies.
Morons like you are the ones who killed US manufacturing.
Now you can deal with the monster you created.

 

[kyzr]

Limited government, free markets, and federalism are partisan concepts?
For the love of Thor, you are in lockstep with the leftist horde.
You Keynesians need to be rounded up and flogged. Then forced to pay back all your bullshit spending.
This is why we will need a civil war, to repeal the 16th Amendment.

How do you fund the $4T Federal Government, including $800b for Defense.

 

[CrusaderFrank]

In reality, opinions from economists are mixed.

Mr. Williams is with the "American Legislative Exchange Council", a group that says it is "dedicated to the principles of limited government, free markets and federalism".

In other words, he is a partisan ideologue. And whether they're from the Left or the Right, economists who are partisan ideologues are worthless. He's throwing darts for air time.

Home - American Legislative Exchange Council

50th Annual Meeting of the American Legislative Exchange Council Kicking Off in Orlando, Florida.

alec.org

​

We know your favorite economist is Paul "Wrong in the Trillions Column" Krugman

 

[Mac1958]

You Keynesians

Trump calls on Fed to cut rates by 1% and urges more quantitative easing

In a two-part tweet, the president says more easing would make the economy "go up like a rocket."

www.cnbc.com

 

[Mac1958]

We know your favorite economist is Paul "Wrong in the Trillions Column" Krugman

Krugman, Reich, Kudlow, Moore -- all worthless because they can't keep their ideology out of their "analysis".

Someone like you wouldn't understand.

 

[Bootney Lee Farnsworth]

How do you fund the $4T Federal Government, including $800b for Defense.

Kill it all and burn it down. Arm all citizens. Take power from the FedGov.

 

[CrusaderFrank]

Krugman, Reich, Kudlow, Moore -- all worthless because they can't keep their ideology out of their "analysis".

Someone like you wouldn't understand.

I have a degree in economics, but please carry on

 

[Harpy Eagle]

I have a degree in economics, but please carry on

It is amazing how many people on this forum have that degree.

 

[Mac1958]

I have a degree in economics, but please carry on

Great, I'm a CFP, so we can discuss. Have I said something you think is wrong?

If so, exactly what is that?

 

[Smokin' OP]

Tariffs are used to make US products more competitive with goods produced in China many times with subsidies.

That's the objective.
STILL doesn't make China pay for US tariffs.

Morons like you are the ones who killed US manufacturing.

You're FOS, MORON.
We tried to bring back manufacturing to America.

You idiots killed it.
AND it included tax breaks.

November 20 2014
Senate Republicans on Thursday blocked the No.1 item on the president’s congressional “to-do-list,” refusing to allow a vote on a bill that would give tax breaks for companies that “insource” jobs to the U.S. from overseas while eliminating tax deductions for companies that move jobs abroad.

The Bring Jobs Home Act would provide a 20% tax break for the costs of moving jobs back to the United States and would rescind business expense deductions available to companies that are associated with the cost of moving operations overseas.

Now you can deal with the monster you created.

Sure, moron.

The Trump-GOP tax law enacted in December 2017 creates clear incentives for American-based corporations to move operations and jobs abroad, including a zero percent tax rate on many profits generated offshore.

An ITEP report published after lawmakers enacted the Trump-GOP tax law explains the several ways it encourages American-based corporations to shift profits offshore and even shift real operations and jobs offshore.