Why did the corporate tax cuts fail?

[Hutch Starskey]

LOL...
You don't know how to read a graph but continue to waive it around like you do.

Just admit you have no source for your Obama claim of 4.2%.

LOL...
You mean that you have no source despite posting a graph.

My source shows Obama's average was much lower than your 4.2% claim.

Still no source for you?

LOL...
Certainly your source doesn't show Obama's lower than .2%.

Certainly your source doesn't show Obama's lower than .2%.

I never said Obama's was lower than .2%.

So, still no proof of your claim?

LOL....
You said Obama's was much lower.

 

[Hutch Starskey]

The increasing trend started in 2010 long before the cuts.

I know, 3.9% after the cuts.

Up from what?

Up from what?

2.9% in December 2017.
It was much less during Obama's terms.

So a 1% gain? Obama's certainly was a larger gain.

3.9% growth. Much higher than Obama's average.

Umm....
2.9 to 3.9 is a 1% gain.

 

[Toddsterpatriot]

Up from what?

2.9% in December 2017.
It was much less during Obama's terms.

So a 1% gain? Obama's certainly was a larger gain.

3.9% growth. Much higher than Obama's average.

Yes, Obama had to deal with the after effects of the Great Bush Recession of 2008.

Question is.....with 3.5 percent unemployment, why aren’t we seeing 5 percent wage increases like we saw under Clinton

Yes, Obama had to deal with the after effects of the Great Bush Recession of 2008.

Yes, we had the weakest recovery since WWII under Obama.

why aren’t we seeing 5 percent wage increases like we saw under Clinton

Partly too many illegal aliens, partly no Internet Bubble.

Some weak recovery...

Almost tripled the Dow Jones and cut unemployment by 5 percent

Some weak recovery...

Yes. The weakest since WWII.

 

[Toddsterpatriot]

Just admit you have no source for your Obama claim of 4.2%.

LOL...
You mean that you have no source despite posting a graph.

My source shows Obama's average was much lower than your 4.2% claim.

Still no source for you?

LOL...
Certainly your source doesn't show Obama's lower than .2%.

Certainly your source doesn't show Obama's lower than .2%.

I never said Obama's was lower than .2%.

So, still no proof of your claim?

LOL....
You said Obama's was much lower.

Yes, much lower than Trump's.

Still no source?

 

[Toddsterpatriot]

I know, 3.9% after the cuts.

Up from what?

Up from what?

2.9% in December 2017.
It was much less during Obama's terms.

So a 1% gain? Obama's certainly was a larger gain.

3.9% growth. Much higher than Obama's average.

Umm....
2.9 to 3.9 is a 1% gain.

No, a 3.9% growth in wages is a 3.9% growth in wages.
Much higher than Obama's average.

 

[Dale Smith]

I know exactly of what I speak....you, on the other hand? Well, let's just say that you are at a disadvantage.

(snicker)

Great.
When do we start?

\

You lack the intellectual curiosity to really dig into as to why USA.INC is in the shape it is in and how we were made surety against the debt. It's way over your head or ability to comprehend. Since every FRN is borrowed into existence with interest attached to every note? Where is the ability to ever pay off the principle plus interest? Hint: It doesn't exist....never has.

Ok.
When do we start?

We already have and you are as clueless about this as you were about the Mueller report......how did that turn out, btw?

We have?
Where's the growth?

 

[Dale Smith]

Up from what?

2.9% in December 2017.
It was much less during Obama's terms.

So a 1% gain? Obama's certainly was a larger gain.

3.9% growth. Much higher than Obama's average.

Yes, Obama had to deal with the after effects of the Great Bush Recession of 2008.

Question is.....with 3.5 percent unemployment, why aren’t we seeing 5 percent wage increases like we saw under Clinton

Yes, Obama had to deal with the after effects of the Great Bush Recession of 2008.

Yes, we had the weakest recovery since WWII under Obama.

why aren’t we seeing 5 percent wage increases like we saw under Clinton

Partly too many illegal aliens, partly no Internet Bubble.

Some weak recovery...

Almost tripled the Dow Jones and cut unemployment by 5 percent

What we need is more leftardism and higher income taxes that don't contribute anything to the infrastructure of USA.INC, right, dumb ass?

 

[Hutch Starskey]

LOL...
You mean that you have no source despite posting a graph.

My source shows Obama's average was much lower than your 4.2% claim.

Still no source for you?

LOL...
Certainly your source doesn't show Obama's lower than .2%.

Certainly your source doesn't show Obama's lower than .2%.

I never said Obama's was lower than .2%.

So, still no proof of your claim?

LOL....
You said Obama's was much lower.

Yes, much lower than Trump's.

Still no source?

Lower by how much?
Where's your source?

 

[AzogtheDefiler]

 

[Hutch Starskey]

Up from what?

Up from what?

2.9% in December 2017.
It was much less during Obama's terms.

So a 1% gain? Obama's certainly was a larger gain.

3.9% growth. Much higher than Obama's average.

Umm....
2.9 to 3.9 is a 1% gain.

No, a 3.9% growth in wages is a 3.9% growth in wages.
Much higher than Obama's average.

Link?

 

[Aldo Raine]

It's funny how you have no real responses and just parrot yourself constantly.

It's funny how you have no real responses

You think the wage growth in 2000 was unrelated to the Internet Bubble?
Looks like mine was an excellent, on-point response.

You think wages growth hovering around 3% is good? Economists disagree with you....

You think wages growth hovering around 3% is good?

Sounds higher than we had under Obama......

Actually it's about the same.

When did we have 3% wage growth under Obama?

About the same time we had it under Tramp!

 

[Dick Foster]

Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.

In short, they didn't dumbass. Maybe if you'd crawl out from under your rock and pull your head out of your ass, you'd see.

 

[healthmyths]

Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.

Bring in the Democrats and Liberals and really watch the deficit soar. It’s not like your side plans to cut spending..... just raise taxes for the State.

I’m an independent. You didn’t come close to answering the question, trump really made deficits soar btw.

Trump did? Prove what this chart shows is the fault of Trump, i.e. population growth!
The only place that Trump's had any affect is "discretionary spending" of 30% of the budget...which the largest is military spending.

How Congress Really Spends Your Money
View attachment 304776

He flattened revenue and increased spending. It’s pretty obvious.

You provided NO links for your above statement.
Far from "flattened revenue"... FACTS links, substantiation.... PLEASE prove your statement!

Who Really Pays Uncle Sam's Bills?

 

[SmokeALib]

And democrats say that unemployment stimulates the US economy

That would depend on wages. No?
If a guy goes from a fulltime job to Uber driver then no. Our "jobs" are turning into delivery drivers for rich folks.

Only if you're unmotivated and stupid.

Yet those jobs continue to grow.

Would you rather have them on welfare?

What does that have to do with my point?

What point?

 

[Mac1958]

I'm looking at it failing based on what trump promised. He said they would pay for themselves and increase gdp growth to 4-6%. I'm not following how you are saying it wasn't a failure? The opposite happened of what was claimed. I'm pretty confident without them the economy would be pretty much the same, but deficits would be much smaller. It seems to have been just a huge handout to the rich.

Oh, the Trumpsters don't give two shits about that. He's gone hyper-Keynesian, something they would have attacked with both barrels just four years ago, and they don't care.

All they know is what they are provided in their little universe. What I said above will not enter that universe.
.

I was expecting there to be noticeable growth myself so I’m really curious how such a big cut delivered just a temporary bump. I think it has to do with so many Corps having near monopolies...

Well, I've been studying this crap pretty carefully, and my guess (at this moment) is that the middle and lower middle classes STILL don't have enough disposable income, even with the wage growth. On top of that, both individual and corporate debt are WAY up there, meaning we've burned through our cash.

This, after pouring every stimulative idea we have at the economy, fiscal responsibility be damned in favor of partisan politics.

2.1% growth, and no inflation, after Trump's All You Can Eat Fiscal Donut Truck? Something isn't right. I dunno.
.

Something definitely isn’t right. I think it has a lot to do with our near monopolies, maybe the massive growth of inequality. Several studies have shown growing inequality is bad for growth.

One of the things I learned in economics 101. Unregulated capitalism will always result in monopolies and destroy an economy.

Which is why proper regulation on business is the only way capitalism can work to benefit an economy.

The biggest risks to capitalism right now are the people who refuse to see that.

No doubt the REAL socialists and communists are appreciating every bit of this.
.

 

[Brain357]

Up from what?

Up from what?

2.9% in December 2017.
It was much less during Obama's terms.

So a 1% gain? Obama's certainly was a larger gain.

3.9% growth. Much higher than Obama's average.

Yes, Obama had to deal with the after effects of the Great Bush Recession of 2008.

Question is.....with 3.5 percent unemployment, why aren’t we seeing 5 percent wage increases like we saw under Clinton

Yes, Obama had to deal with the after effects of the Great Bush Recession of 2008.

Yes, we had the weakest recovery since WWII under Obama.

why aren’t we seeing 5 percent wage increases like we saw under Clinton

Partly too many illegal aliens, partly no Internet Bubble.

What made it the weakest recovery?

 

[Brain357]

Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.

In short, they didn't dumbass. Maybe if you'd crawl out from under your rock and pull your head out of your ass, you'd see.

Trump promised they would pay for themselves and we would have 4-6% gdp growth. Deficits are a trillion dollars and gdp slowed. Huge failure.

 

[Brain357]

Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.

Bring in the Democrats and Liberals and really watch the deficit soar. It’s not like your side plans to cut spending..... just raise taxes for the State.

I’m an independent. You didn’t come close to answering the question, trump really made deficits soar btw.

Trump did? Prove what this chart shows is the fault of Trump, i.e. population growth!
The only place that Trump's had any affect is "discretionary spending" of 30% of the budget...which the largest is military spending.

How Congress Really Spends Your Money
View attachment 304776

He flattened revenue and increased spending. It’s pretty obvious.

You provided NO links for your above statement.
Far from "flattened revenue"... FACTS links, substantiation.... PLEASE prove your statement!

Who Really Pays Uncle Sam's Bills?
View attachment 304797

I posted a video explaining it, try to keep up.

 

[healthmyths]

Bring in the Democrats and Liberals and really watch the deficit soar. It’s not like your side plans to cut spending..... just raise taxes for the State.

I’m an independent. You didn’t come close to answering the question, trump really made deficits soar btw.

Trump did? Prove what this chart shows is the fault of Trump, i.e. population growth!
The only place that Trump's had any affect is "discretionary spending" of 30% of the budget...which the largest is military spending.

How Congress Really Spends Your Money
View attachment 304776

He flattened revenue and increased spending. It’s pretty obvious.

You provided NO links for your above statement.
Far from "flattened revenue"... FACTS links, substantiation.... PLEASE prove your statement!

Who Really Pays Uncle Sam's Bills?
View attachment 304797

I posted a video explaining it, try to keep up.

The attached is a simple straight illustration that revenues weren't flattened under Trump!

 

[Brain357]

I’m an independent. You didn’t come close to answering the question, trump really made deficits soar btw.

Trump did? Prove what this chart shows is the fault of Trump, i.e. population growth!
The only place that Trump's had any affect is "discretionary spending" of 30% of the budget...which the largest is military spending.

How Congress Really Spends Your Money
View attachment 304776

He flattened revenue and increased spending. It’s pretty obvious.

You provided NO links for your above statement.
Far from "flattened revenue"... FACTS links, substantiation.... PLEASE prove your statement!

Who Really Pays Uncle Sam's Bills?
View attachment 304797

I posted a video explaining it, try to keep up.

The attached is a simple straight illustration that revenues weren't flattened under Trump!View attachment 304810

Yeah huge gain there for 2018. Get real.