President Trump: Economic growth is going to pay for new tax cuts
Trump: Economic growth is going to pay for new tax cuts
So to those economically challenged people here are some FACTS to back up Trump's statement.
First of all understand why companies were hesitate to hire. Here are some actual statements!
They have realized that it’s very expensive to hire and very expensive to make a mistake, and they’re less willing to take a risk,” says Jeanne Branthover, managing partner of DHR International, an executive search firm. “
Before 2007, my clients were hiring and firing and not thinking about it.”
So with Obamacare forcing more payments especially companies under 50 employees and the owner
NOT wanting to encounter higher expenses by hiring the 50th employee... because why?
.."it’s very expensive to hire and very expensive to make a mistake,
So how many people will be added because with Trump's loosening the rules and regulations, by lowering taxes, by encouraging repatriation of the nearly $3 Trillion offshore here are some of the contributions
to how the tax cuts will be paid for by "GROWTH"!!!
About 5.5 million Americans are not in the labor force — and so not counted among the unemployed — but still want a job now, up from 4.3 million before the recession, the Labor Department says. Simply put, Van Horn says, the occasional job searches by those laid off in the downturn creates more competition for jobs among the long-term unemployed.
Yet a growing number of companies that had been reluctant to bring on the long-term unemployed are more willing to offer them temporary jobs initially or training, says Paul McDonald, senior executive director of staffing firm Robert Half.
Out of work for six months or more? Here's why you can't find a job
5.5 million Americans.. that want a job but because of the above, can't find them.
NOW with corporate taxes cut from 35 to 15% employers have a little more leeway in making hiring
mistakes. With repeal of Obamacare that employer who hesitated to hire the 50th employee will hire!
After all the employer makes more money when more products are made...right?
View attachment 123629
Horse Shit! Tax cuts for the wealthy is what caused the national debt to begin with:
.....................................................Total U S Debt......................................................
09/30/2009 $11,909,829,003,511.75
(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)
09/30/2008 $10,024,724,896,912.49
(Times Square Debt Clock Modified To Accommodate Tens of Trillions)
09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32
09/30/2003 $6,783,231,062,743.62
(Second Bush Tax Cuts Enacted Using Reconciliation)
09/30/2002 $6,228,235,965,597.16
09/30/2001 $5,807,463,412,200.06
(First Bush Tax Cuts Enacted Using Reconciliation)
09/30/2000 $5,674,178,209,886.86
(Administration And Congress Arguing About How To Use Surplus)
09/30/1999 $5,656,270,901,615.43
(First Surplus Generated...On Track To Pay Off Debt By 2012)
09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32
(Clinton raised tax rates)
09/30/1993 $4,411,488,883,139.38
( Debt Quadrupled By Reagan/Bush41)
09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00
09/30/1982 $1,142,034,000,000.00
(Total Debt Passes $1 Trillion)((Reagan Slashed Tax Rates To Pre Depression Levels)
09/30/1981 $997,855,000,000.00