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Thread: Republican Tax Reform - The Answer to ... What?

  1. #71
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    Quote Originally Posted by Djinn View Post
    The goal is to sustain a rate of approximately 3% each quarter. Averaging quarters doesn't mean much; the calendar year is arbitrary from an economic perspective. If 2017 Q4 is shaping up to fall between 2.8% and 3.2%, there's no need to make major changes.

    Trump wants to bring the growth rate to 5% or 6%, making him sound like he wants to gun the engines on the Titanic.
    Looking at any quarter individually doesn't mean much, full year is the meaningful metric. We would have to see 5.5% in the fourth quarter for 3.2% for the year, ain't gonna happen, we won't even see 2.8%.

    We haven't seen a year at 4% this century, it's possible, but unlikely.

  2. #72
    Member Claudius the God's Avatar
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    Giving anyone a tax break is making a choice between short term and long term investments. A tax cut for any of us only produces short term results. It feeds the demand cycle within the period of the tax cut meaning any tax cut you or I get is mostly spent on paying down debt, buying necessities or frivolties, it is not an investment that pays off in the long run for anyone. When a rich person gets a tax cut, they do the same thing but likely put some of it into some investment vehicle. If interest rates are high, it is possible for the added investment money available to the rich may be lent out at lower than market rates but does anyone here think anyone with a spare million dollars to invest would do it at less than market prices? No. In this era of extremely low interest rates and giant mountains of cash sitting around everywhere, what is the need for more cash to be added to the giant pile? None.

    A smart and objective tax policy would stimulate short term demand and allow for debt repayment by the poor and middle class without giving unnecessary extra incomes to those at the top who don't need it nor do anything constructive with it. What these people should be doing is making a trillion dollar ongoing investment in the nation and its people. That means infrastructure, high speed transit, alternative energy sources, energy efficiency, education, debt relief for students, upgraded facilities, gigE broadband for everyone, the list is endless. Investments like this give back over decades, just look at our nation today and ask yourself how much of what we use today was built and paid for by previous generations. No, this tax bill is not an investment in our future, it is a giveaway to the present and the next quarter because it only satisfies the immediate greed of those who control our government.
    Thanks from OldGaffer

  3. #73
    Southern Strategy Liberal OldGaffer's Avatar
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    And then there is this:

    House GOP?s Tax Bill Would Trigger A $25 Billion Cut To Medicare ? Talking Points Memo

    Thanks to laws created by the Tea Party’s infamous 2010 sequester showdown over government spending, automatic cuts spring into action anytime Congress passes a bill that balloons the federal deficit, as the tax bill would. The approximately*$136 billion in cuts spurred by the GOP tax bill would hit a number of government programs—including farm subsidies and the Border Patrol—but would cut most deeply into Medicare. Medicaid, Social Security, and food stamps are protected.
    The GOP, fucking over the public to enrich the wealthy for 120 years and counting.....

  4. #74
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    Quote Originally Posted by OldGaffer View Post
    And then there is this:

    House GOP?s Tax Bill Would Trigger A $25 Billion Cut To Medicare ? Talking Points Memo

    Thanks to laws created by the Tea Party’s infamous 2010 sequester showdown over government spending, automatic cuts spring into action anytime Congress passes a bill that balloons the federal deficit, as the tax bill would. The approximately*$136 billion in cuts spurred by the GOP tax bill would hit a number of government programs—including farm subsidies and the Border Patrol—but would cut most deeply into Medicare. Medicaid, Social Security, and food stamps are protected.
    The GOP, fucking over the public to enrich the wealthy for 120 years and counting.....
    Someone should inform the liars and idiots at TalkingPointsMemo.com that the sequester was Obama's brainchild.

  5. #75
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    Quote Originally Posted by Claudius the God View Post
    A tax cut for any of us only produces short term results.
    Says who? You?

    Quote Originally Posted by Claudius the God View Post
    any tax cut you or I get is mostly spent on paying down debt, buying necessities or frivolties, it is not an investment that pays off in the long run for anyone.
    That's just ridiculous.

  6. #76
    Junior Member Two If By Tea's Avatar
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    Quote Originally Posted by Dittohead not! View Post
    Can't make America great again without rocking the boat. Anyway, those positive economic indicators pre date the current administration, and credit has to be given to the current administration.

    Nope Sean Spicer was clear ...Obamas economy is now "Real" under trump

  7. #77
    Master political analyst Dittohead not!'s Avatar
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    Quote Originally Posted by Two If By Tea View Post
    Nope Sean Spicer was clear ...Obamas economy is now "Real" under trump
    That's right. The lower unemployment rate, the increasing stock market, all that was fake news before Trump was elected. Now, it's all real.

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