Forbes: GOP tax Cut Start of Decades-Long Economic Disaster unlike any other Historically

[Eaglewings]

So what do the GOP tax supporter have to argue against this Forbes Report ...?

This is actually the ideal time for Washington to be doing the opposite. But by damning the economic torpedoes and moving full-speed ahead, House and Senate Republicans and the Trump White House are setting up the U.S. for the modern-day analog of the inflation-producing guns-and-butter economic policy of the Vietnam era. The GOP tax bill will increase the federal deficit by $2 trillion or more over the next decade (the official estimates of $1.5 trillion hide the real amount with a witches brew of gimmicks and outright lies) that, unless all the rules have changed, is virtually certain to result in inflation and much higher interest rates than would otherwise occur.

GOP Tax Bill Is The End Of All Economic Sanity In Washington

 

[Missourian]

Opinion piece by Stan Collender, a former Democratic congressional budget analyst...not a Forbes jouralistic article.

Learn the difference.

 

[Ricky LIbtardo]

So what do the GOP tax supporter have to argue against this Forbes Report ...?

This is actually the ideal time for Washington to be doing the opposite. But by damning the economic torpedoes and moving full-speed ahead, House and Senate Republicans and the Trump White House are setting up the U.S. for the modern-day analog of the inflation-producing guns-and-butter economic policy of the Vietnam era. The GOP tax bill will increase the federal deficit by $2 trillion or more over the next decade (the official estimates of $1.5 trillion hide the real amount with a witches brew of gimmicks and outright lies) that, unless all the rules have changed, is virtually certain to result in inflation and much higher interest rates than would otherwise occur.

GOP Tax Bill Is The End Of All Economic Sanity In Washington

What a load of crap.

First the CBO will not do dynamic scoring and we all know economic growth will result in higher revenues.

Second we have added 10 Trillion to the debt in the last 8 years and we can't even get the inflation the Federal Reserve has been screaming for so another Trillion will have little or no affect.

Third the forced inflation policies coming from the left is exactly the same thing whether you increase minimum wages or just tax people less. Hell, they don't even pay income taxes at minimum wage level but everywhere you look Democrats are screwing the lower class with higher regressive taxes.

You're getting hood winked by a bunch of Socialists who think the pie will never grow while supporting forced inflation.

Use your brain to think instead of your jerking knee.

 

[Dragonlady]

So what do the GOP tax supporter have to argue against this Forbes Report ...?

This is actually the ideal time for Washington to be doing the opposite. But by damning the economic torpedoes and moving full-speed ahead, House and Senate Republicans and the Trump White House are setting up the U.S. for the modern-day analog of the inflation-producing guns-and-butter economic policy of the Vietnam era. The GOP tax bill will increase the federal deficit by $2 trillion or more over the next decade (the official estimates of $1.5 trillion hide the real amount with a witches brew of gimmicks and outright lies) that, unless all the rules have changed, is virtually certain to result in inflation and much higher interest rates than would otherwise occur.

GOP Tax Bill Is The End Of All Economic Sanity In Washington

What a load of crap.

First the CBO will not do dynamic scoring and we all know economic growth will result in higher revenues.

Second we have added 10 Trillion to the debt in the last 8 years and we can't even get the inflation the Federal Reserve has been screaming for so another Trillion will have little or no affect.

Third the forced inflation policies coming from the left is exactly the same thing whether you increase minimum wages or just tax people less. Hell, they don't even pay income taxes at minimum wage level but everywhere you look Democrats are screwing the lower class with higher regressive taxes.

You're getting hood winked by a bunch of Socialists who think the pie will never grow while supporting forced inflation.

Use your brain to think instead of your jerking knee.

Economic growth has never paid for tax cuts. It didn’t happen under Reagan and it didn’t happen under Bush. While there was some increase in revenue they didn’t happen because of tax cuts, they happened because of massive increases in government spending on military the that accompanied the tax cuts. And even those increases weren’t nearly enough to cover the cost of the tax cuts.

That’s why, after cutting taxes Reagan had to increase taxes so much during his second term. If the first tax cut had been as successful as you claim in increasing revenues, those tax increases wouldn’t have been necessary.

Furthermore, when Reagan cut taxes, top tax rates were much higher than they are today. So there was a bit of wiggle room. Today’s taxes aren’t high enough to run the country. Only an idiot undertakes a massive tax cut while the government is running a billion dollar a year deficit.

The working class had savings and equity when Reagan cut taxes. Today the working class is broke and the middle class has no savings and is losing ground. Tax cuts to the wealthy and corporations will place a higher tax burden on the middle class and will cut their buying power.

 

[Dont Taz Me Bro]

So what do the GOP tax supporter have to argue against this Forbes Report ...?

This is actually the ideal time for Washington to be doing the opposite. But by damning the economic torpedoes and moving full-speed ahead, House and Senate Republicans and the Trump White House are setting up the U.S. for the modern-day analog of the inflation-producing guns-and-butter economic policy of the Vietnam era. The GOP tax bill will increase the federal deficit by $2 trillion or more over the next decade (the official estimates of $1.5 trillion hide the real amount with a witches brew of gimmicks and outright lies) that, unless all the rules have changed, is virtually certain to result in inflation and much higher interest rates than would otherwise occur.

GOP Tax Bill Is The End Of All Economic Sanity In Washington

It's not the tax cuts that are the problem. In a couple of years federal revenues will increase over what they are today. The issue is the federal government has a spending addiction and the American people don't care enough to force them to change because let's face it, Americans don't live within our financial means either, so why should we expect our government to?

 

[depotoo]

Yep, and a product of Berkeley-
Education
MA
University of California Berkeley
BA
New York University
Other Affiliations
University of California Berkeley
New York University
FTI Consulting (SC) Inc.
MSLGROUP

Opinion piece by Stan Collender, a former Democratic congressional budget analyst...not a Forbes jouralistic article.

Learn the difference.

 

[Dont Taz Me Bro]

Economic growth has never paid for tax cuts.

Unless you count all the times it did, which is pretty much every single time

It didn’t happen under Reagan and it didn’t happen under Bush.

Except that it did.

While there was some increase in revenue they didn’t happen because of tax cuts, they happened because of massive increases in government spending on military the that accompanied the tax cuts. And even those increases weren’t nearly enough to cover the cost of the tax cuts.

Explain how massive increases in military spending created additional revenue? You have it quite backwards. It was the massive military spending that cause the higher deficits despite the additional revenue.

 

[depotoo]

I think lots do, it is just how do you stop it? Those that go in with the attitude of stop the spending, end up addicted themselves in relatively short time, for the most part.

So what do the GOP tax supporter have to argue against this Forbes Report ...?

This is actually the ideal time for Washington to be doing the opposite. But by damning the economic torpedoes and moving full-speed ahead, House and Senate Republicans and the Trump White House are setting up the U.S. for the modern-day analog of the inflation-producing guns-and-butter economic policy of the Vietnam era. The GOP tax bill will increase the federal deficit by $2 trillion or more over the next decade (the official estimates of $1.5 trillion hide the real amount with a witches brew of gimmicks and outright lies) that, unless all the rules have changed, is virtually certain to result in inflation and much higher interest rates than would otherwise occur.

GOP Tax Bill Is The End Of All Economic Sanity In Washington

It's not the tax cuts that are the problem. In a couple of years federal revenues will increase over what they are today. The issue is the federal government has a spending addiction and the American people don't care enough to force them to change because let's face it, Americans don't live within our financial means either, so why should we expect our government to?

 

[Dragonlady]

Economic growth has never paid for tax cuts.

Unless you count all the times it did, which is pretty much every single time

It didn’t happen under Reagan and it didn’t happen under Bush.

Except that it did.

While there was some increase in revenue they didn’t happen because of tax cuts, they happened because of massive increases in government spending on military the that accompanied the tax cuts. And even those increases weren’t nearly enough to cover the cost of the tax cuts.

Explain how massive increases in military spending created additional revenue? You have it quite backwards. It was the massive military spending that cause the higher deficits despite the additional revenue.

Hiring in the defence industry increased employee withholding taxes paid to Washington. Increased corporate profits in the defence industry increased their corporate taxes as well.

As for the effect on the economy:

FACT CHECK: Do Tax Cuts Grow The Economy?

 

[Eaglewings]

Opinion piece by Stan Collender, a former Democratic congressional budget analyst...not a Forbes jouralistic article.

Learn the difference.

Dummy, why don't you read his bio..instead of guessing.

Stan Collender

I have been involved with the federal budget and congressional budget process throughout my entire career. In addition to being one of the few people who has served on the staffs of the House and Senate Budget Committees, I'm the author of The Guide to the Federal Budget, which was published annually from 1982 to 2000 and was one of the most-assigned texts on the topic. I founded and edited Federal Budget Report, a newsletter that was published for almost two decades. I've also written weekly columns on the budget for NationalJournal.com and Roll Call and founded the Capital Gains and Games blog. In addition to my work as an executive vice president of a global communications agency, I'm adjunct professor at the McCourt School of Public Policy at Georgetown University. I have a Master of Public Policy degree from the University of California, Berkeley, and a B.A. in Politics and Psychology from NYU. I live in the Washington, D.C. area.

 

[Missourian]

Opinion piece by Stan Collender, a former Democratic congressional budget analyst...not a Forbes jouralistic article.

Learn the difference.

Dummy, why don't you read his bio..instead of guessing.

Stan Collender

I have been involved with the federal budget and congressional budget process throughout my entire career. In addition to being one of the few people who has served on the staffs of the House and Senate Budget Committees, I'm the author of The Guide to the Federal Budget, which was published annually from 1982 to 2000 and was one of the most-assigned texts on the topic. I founded and edited Federal Budget Report, a newsletter that was published for almost two decades. I've also written weekly columns on the budget for NationalJournal.com and Roll Call and founded the Capital Gains and Games blog. In addition to my work as an executive vice president of a global communications agency, I'm adjunct professor at the McCourt School of Public Policy at Georgetown University. I have a Master of Public Policy degree from the University of California, Berkeley, and a B.A. in Politics and Psychology from NYU. I live in the Washington, D.C. area.

I never guess.

In a January 22, 2014 article in Politico Al Jazeera spokesman Stan Collender said the network's launch would be pushed back to within six months, and would create "multiple hundreds of new jobs" and new bureaus around the country.

en.m.wikipedia.org/wiki/Current_TV

"In the current political environment, new spending is probably the most taboo thing in politics," said Stan Collender, a former Democratic congressional budget analyst.

Stan Collender - Bio, News, Photos - Washington Times

So, a liberal quotes the opinion of another liberal and says..."see, looked here, explain 'Forbes' saying this?!?...

Now please...give it up...we're embarrassed enough for you as it is

 

[Dragonlady]

Opinion piece by Stan Collender, a former Democratic congressional budget analyst...not a Forbes jouralistic article.

Learn the difference.

Dummy, why don't you read his bio..instead of guessing.

Stan Collender

I have been involved with the federal budget and congressional budget process throughout my entire career. In addition to being one of the few people who has served on the staffs of the House and Senate Budget Committees, I'm the author of The Guide to the Federal Budget, which was published annually from 1982 to 2000 and was one of the most-assigned texts on the topic. I founded and edited Federal Budget Report, a newsletter that was published for almost two decades. I've also written weekly columns on the budget for NationalJournal.com and Roll Call and founded the Capital Gains and Games blog. In addition to my work as an executive vice president of a global communications agency, I'm adjunct professor at the McCourt School of Public Policy at Georgetown University. I have a Master of Public Policy degree from the University of California, Berkeley, and a B.A. in Politics and Psychology from NYU. I live in the Washington, D.C. area.

I never guess.

In a January 22, 2014 article in Politico Al Jazeera spokesman Stan Collender said the network's launch would be pushed back to within six months, and would create "multiple hundreds of new jobs" and new bureaus around the country.

en.m.wikipedia.org/wiki/Current_TV

"In the current political environment, new spending is probably the most taboo thing in politics," said Stan Collender, a former Democratic congressional budget analyst.

Stan Collender - Bio, News, Photos - Washington Times

Don’t quote articles from the Moonie Times. It’s a waste of bandwidth. That source is not in any way reliable.

 

[Missourian]

Opinion piece by Stan Collender, a former Democratic congressional budget analyst...not a Forbes jouralistic article.

Learn the difference.

Dummy, why don't you read his bio..instead of guessing.

Stan Collender

I have been involved with the federal budget and congressional budget process throughout my entire career. In addition to being one of the few people who has served on the staffs of the House and Senate Budget Committees, I'm the author of The Guide to the Federal Budget, which was published annually from 1982 to 2000 and was one of the most-assigned texts on the topic. I founded and edited Federal Budget Report, a newsletter that was published for almost two decades. I've also written weekly columns on the budget for NationalJournal.com and Roll Call and founded the Capital Gains and Games blog. In addition to my work as an executive vice president of a global communications agency, I'm adjunct professor at the McCourt School of Public Policy at Georgetown University. I have a Master of Public Policy degree from the University of California, Berkeley, and a B.A. in Politics and Psychology from NYU. I live in the Washington, D.C. area.

I never guess.

In a January 22, 2014 article in Politico Al Jazeera spokesman Stan Collender said the network's launch would be pushed back to within six months, and would create "multiple hundreds of new jobs" and new bureaus around the country.

en.m.wikipedia.org/wiki/Current_TV

"In the current political environment, new spending is probably the most taboo thing in politics," said Stan Collender, a former Democratic congressional budget analyst.

Stan Collender - Bio, News, Photos - Washington Times

Don’t quote articles from the Moonie Times. It’s a waste of bandwidth. That source is not in any way reliable.

Please kindly Fuck off, I'll quote whomever I damn well please. Thanks in advance.

 

[Dragonlady]

Opinion piece by Stan Collender, a former Democratic congressional budget analyst...not a Forbes jouralistic article.

Learn the difference.

Dummy, why don't you read his bio..instead of guessing.

Stan Collender

I have been involved with the federal budget and congressional budget process throughout my entire career. In addition to being one of the few people who has served on the staffs of the House and Senate Budget Committees, I'm the author of The Guide to the Federal Budget, which was published annually from 1982 to 2000 and was one of the most-assigned texts on the topic. I founded and edited Federal Budget Report, a newsletter that was published for almost two decades. I've also written weekly columns on the budget for NationalJournal.com and Roll Call and founded the Capital Gains and Games blog. In addition to my work as an executive vice president of a global communications agency, I'm adjunct professor at the McCourt School of Public Policy at Georgetown University. I have a Master of Public Policy degree from the University of California, Berkeley, and a B.A. in Politics and Psychology from NYU. I live in the Washington, D.C. area.

I never guess.

In a January 22, 2014 article in Politico Al Jazeera spokesman Stan Collender said the network's launch would be pushed back to within six months, and would create "multiple hundreds of new jobs" and new bureaus around the country.

en.m.wikipedia.org/wiki/Current_TV

"In the current political environment, new spending is probably the most taboo thing in politics," said Stan Collender, a former Democratic congressional budget analyst.

Stan Collender - Bio, News, Photos - Washington Times

Don’t quote articles from the Moonie Times. It’s a waste of bandwidth. That source is not in any way reliable.

Please kindly Fuck off, I'll quote whomever I damn well please. Thanks in advance.

You can quote whoever you damn well please and the rest of us will ignore them. If the only sources you can come up with to back up your arguments are specious, at best, it doesn’t say much for your beliefs.

 

[OKTexas]

Opinion piece by Stan Collender, a former Democratic congressional budget analyst...not a Forbes jouralistic article.

Learn the difference.

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
What he said.


.

 

[depotoo]

If you cared you’d research him yourself. He is nothing more than a communications expert. Plain and simple. Not an economist.


Executive Vice President
Stan Collender is an executive vice president at Qorvis MSLGROUP who has designed and executed award-winning communications campaigns for major corporations, Wall Street firms, accounting firms, trade associations, nonprofit organizations and federal agencies during his almost four decades in communications. He has also developed multiple crisis-communications efforts for national, regional and local financial-services organizations, including commercial and investment banks and federal agencies.

Opinion piece by Stan Collender, a former Democratic congressional budget analyst...not a Forbes jouralistic article.

Learn the difference.

Dummy, why don't you read his bio..instead of guessing.

Stan Collender

I have been involved with the federal budget and congressional budget process throughout my entire career. In addition to being one of the few people who has served on the staffs of the House and Senate Budget Committees, I'm the author of The Guide to the Federal Budget, which was published annually from 1982 to 2000 and was one of the most-assigned texts on the topic. I founded and edited Federal Budget Report, a newsletter that was published for almost two decades. I've also written weekly columns on the budget for NationalJournal.com and Roll Call and founded the Capital Gains and Games blog. In addition to my work as an executive vice president of a global communications agency, I'm adjunct professor at the McCourt School of Public Policy at Georgetown University. I have a Master of Public Policy degree from the University of California, Berkeley, and a B.A. in Politics and Psychology from NYU. I live in the Washington, D.C. area.

I never guess.

In a January 22, 2014 article in Politico Al Jazeera spokesman Stan Collender said the network's launch would be pushed back to within six months, and would create "multiple hundreds of new jobs" and new bureaus around the country.

en.m.wikipedia.org/wiki/Current_TV

"In the current political environment, new spending is probably the most taboo thing in politics," said Stan Collender, a former Democratic congressional budget analyst.

Stan Collender - Bio, News, Photos - Washington Times

Don’t quote articles from the Moonie Times. It’s a waste of bandwidth. That source is not in any way reliable.

 

[Dont Taz Me Bro]

Hiring in the defence industry increased employee withholding taxes paid to Washington. Increased corporate profits in the defence industry increased their corporate taxes as well.

As for the effect on the economy:

Those people are paid with federal money of which we indebted the nation. There is no new wealth created when we go to war. We are basically financing those salaries on the federal credit card which now has a balance in excess of $20 trillion.

 

[ScienceRocks]

Forbes federal budget expert condemns GOP tax bill: The end of all economic sanity in Washington

Forbes contributor Stan Collender, an expert who has spent his career working with the federal budget, warned over the weekend that the Republican tax bill would be a disaster for the American economy.

In a piece published on Sunday, Collender argues that “the GOP tax cut now working its way through Congress will be the start of a decades-long economic policy disaster unlike any other that has occurred in American history.”

According to Collender, there is “no economic justification whatsoever for a tax cut at this time.”

U.S. GDP is growing, unemployment is close to 4 percent (below what is commonly considered “full employment”), corporate profits are at record levels and stock markets are soaring. It makes no sense to add any federal government-induced stimulus to all this private sector-caused economic activity, let alone a tax cut as big as this one.

Collender, who worked on both the House and Senate Budget Committees, says that the economy is ripe for raising additional tax revenue.

“The GOP tax bill will increase the federal deficit by $2 trillion or more over the next decade (the official estimates of $1.5 trillion hide the real amount with a witches brew of gimmicks and outright lies) that, unless all the rules have changed, is virtually certain to result in inflation and much higher interest rates than would otherwise occur.”

Forbes federal budget expert condemns GOP tax bill: ‘The end of all economic sanity in Washington’

This is economic insanity! To reward the cheaters and fuck over the worker is pure bs and needs to be stopped at all cost.

 

[ScienceRocks]

This my democractic friends is what we should be focusing all of our attention on! It is bad for the poor, the working class and everyone that isn't rich.

It will fuck with us for decades and make it hard to repair the damage the republican rich shoelong lovers are doing.

 

[ScienceRocks]

The bill RAISES taxes on low- and middle-income households while cutting them on high-income households. 1/

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