Why don’t republicans seem to understand the consequences of tax cuts?

[Markle]

Now you're talking in circles. As usual

Did you not understand that inflation causes increased spending?

It was pretty fucking clear...troll

It's simple but you would rather take a sharp stick in the eye rather than admit it makes sense. Cutting taxes INCREASES the activity on which the taxes are levied. Raising taxes, DECREASES the activity on which the taxes are levied.

President Reagan took over a disastrous economy. Inflation was sky-high, and interest rates for a 30-year mortgage reached 18 percent.

Reagan proposed cutting taxes in order to spur the economy. Congress promised Reagan that they would cut spending. They cut taxes which doubled revenues in the decade but they reneged on cutting spending resulting in a higher debt.

 

[Lesh]

Cutting taxes INCREASES the activity on which the taxes are levied.

Never enough to cover the COST of those tax cuts.

It always ends up as an increase to the debt

 

[Lesh]

It's simple but you would rather take a sharp stick in the eye rather than admit it makes sense. Cutting taxes INCREASES the activity on which the taxes are levied. Raising taxes, DECREASES the activity on which the taxes are levied.

President Reagan took over a disastrous economy. Inflation was sky-high, and interest rates for a 30-year mortgage reached 18 percent.

Reagan proposed cutting taxes in order to spur the economy. Congress promised Reagan that they would cut spending. They cut taxes which doubled revenues in the decade but they reneged on cutting spending resulting in a higher debt.

Again...you want spending cuts (to programs you ideologically oppose) to supposedly pay for your tax cuts.

That never happens and debt increases.

It's been going on for FORTY fucking years.

But THIS time...you swear you'll get it right

 

[BS Filter]

Anyone who would vote for higher taxes is either mentally ill or working in government.

 

[Dragonlady]

Well, the Trump/GOP tax cuts resulted in higher tax revenues.

25% of the National Debt was incurred under Donald Trump.

The only reason revenues went up is because of the one-time 10% repatriation tax on off-shore profits. The corporations brought billions home boosting short term revenues and then used the money for stock buy backs. It boosted revenues temporarily but the tax cuts reduced revenues permanently.

Tax cuts NEVER increase revenues or jobs. The increased government spending that always accompanies Republican tax cuts that increases revenue, and jobs.

 

[The5thHorseman]

It's simple but you would rather take a sharp stick in the eye rather than admit it makes sense. Cutting taxes INCREASES the activity on which the taxes are levied. Raising taxes, DECREASES the activity on which the taxes are levied.

President Reagan took over a disastrous economy. Inflation was sky-high, and interest rates for a 30-year mortgage reached 18 percent.

Reagan proposed cutting taxes in order to spur the economy. Congress promised Reagan that they would cut spending. They cut taxes which doubled revenues in the decade but they reneged on cutting spending resulting in a higher debt.

Nice fairy tale..

Art Laffer?

You people are morons.

 

[The5thHorseman]

How does debt increase when revenues go up?

^^^^^idiot.

 

[SeaMajor7]

How about this: CUT SPENDING!!!!!!!

 

[The5thHorseman]

How about this: CUT SPENDING!!!!!!!

So have you cast any votes for a POTUS under whom deficits FELL?


Ever?

 

[The5thHorseman]

Anyone who would vote for higher taxes is either mentally ill or working in government.

Stop voting for higher spending, fool.

 

[The5thHorseman]

It's simple but you would rather take a sharp stick in the eye rather than admit it makes sense. Cutting taxes INCREASES the activity on which the taxes are levied. Raising taxes, DECREASES the activity on which the taxes are levied.

President Reagan took over a disastrous economy. Inflation was sky-high, and interest rates for a 30-year mortgage reached 18 percent.

Reagan proposed cutting taxes in order to spur the economy. Congress promised Reagan that they would cut spending. They cut taxes which doubled revenues in the decade but they reneged on cutting spending resulting in a higher debt.

Reagan proposed cutting taxes in order to spur the economy. Congress promised Reagan that they would cut spending. They cut taxes which doubled revenues in the decade but they reneged on cutting spending resulting in a higher debt

Anyone caught mouthing this nonsense should be skinned alive..

From 1981 to 1989, the Pentagon budget doubled from $158 billion to $304 billion. The years of the greatest spending hike in the military budget were 1978-87, when the Pentagon's expenditures rose from $180 billion to $280 billion in real 1987 dollars.[22]



Domestic Spending. Overall domestic spending growth was relatively constrained during the Reagan presidency, particularly compared with that of other presidencies, as shown in Table 3. In fact, domestic spending grew at a slower real rate under Reagan than under all other recent presidents. Moreover, domestic outlays as a share of GDP fell from 15.3 to 12.9 percent from 1981 to 1989 (Table 2). But the reductions in domestic spending were
substantially smaller than required to balance the federal budget, cut taxes, and finance a military build-up.

https://www.cato.org/sites/cato.org/files/pubs/pdf/pa261.pdf

Now NEVER EVER yap that crap again.


Nod.

 

[Lesh]

But the reductions in domestic spending were
substantially smaller than required to balance the federal budget, cut taxes, and finance a military build-up.

Exactly what I have been saying.

GH Bush once called it "voodoo economics" and it's been the GOP staple for 40 yeares

 

[The5thHorseman]

Exactly what I have been saying.

GH Bush once called it "voodoo economics" and it's been the GOP staple for 40 yeares

These people are idiots...

They can see the numbers, but can't connect them to the policy....so they fashion a myth to explain it.

But it contradicts the readily available facts.

 

[The5thHorseman]

How does debt increase when revenues go up?

fredgraph.xlsx

CAGR of Personal and Corporate Income Tax Receipts


10/2015 - 10/2017

Personal - 3.1%

Corporate - 8.7%


10/17 - 10/19

Personal - 2.3%

Corporate - 1.9%


Need help with the math, Simp?

 

[Nostra]

Now you're talking in circles. As usual

Did you not understand that inflation causes increased spending?

It was pretty fucking clear...troll

If you say so.

Now, WTF does that have to do with revenues rising after the Trump across the board tax cut, Simp?

 

[Nostra]

Because spending generally tracks economic growth.....except under supply side hucksters where spending ALWAYS grows faster than the economy...

So the debt goes up because of increased spending, not increased revenues.

You are slowly coming around to reality, Dipsqueeze.

 

[Nostra]

So, you're ineducable.

Give it up, tool.

Irony.

 

[Nostra]

fredgraph.xlsx

CAGR of Personal and Corporate Income Tax Receipts


10/2015 - 10/2017

Personal - 3.1%

Corporate - 8.7%


10/17 - 10/19

Personal - 2.3%

Corporate - 1.9%


Need help with the math, Simp?

Once again, tax revenues went up. So what do you think caused the debt to go up?

This isn’t hard stuff, Halfwit.

 

[Nostra]

Never enough to cover the COST of those tax cuts.

It always ends up as an increase to the debt

What is the “cost” of a tax cut? How does more revenue increase debt?

 

[Nostra]

^^^^^idiot.

No answer, huh?