Trumps huge tax cuts

[R.M.]

Originally Posted by Luke_Wyatt

Once again thanks to the people who stayed on topic and go to hell to the others who continue to hijack threads with nonsense.

Kinda like you did Jackie's thread. Right here. If you notice I did not respond to you. I wont high jack his thread. I have respect for him. Zero for you.
Example: https://www.eccie.net/showpost.php?p...09&postcount=8
Do unto others as they do unto you. Kinda simple but I know it goes over the fat block.

[Yssup Rider]

The whole fucking thing is a one pager.

Frankly, I'm shocked it wasn't presented in a Tweet.

He's a fucking loser. His greatest accomplishment In His first 100 days was penned on a table napkin?

HAHAHAHAHAHAHAHAAAAA!

[Rey Lengua]

Originally Posted by R.M.

Retired Army Sergeant Major (E-9) SGM
“Great minds are always feared by lesser minds.”
I got The_Waco_Kid Banned
Are you fucking serious? You should have your internet and man card taken away.

A lying, stolen valor EUNUCH like lube would never have been issued a man card in the first place. His tranny " friends " call him Caitlyn !

[Rey Lengua]

Originally Posted by Yssup Rider

The whole fucking thing is a one pager.

Frankly, I'm shocked it wasn't presented in a Tweet.

He's a fucking loser. His greatest accomplishment In His first 100 days was penned on a table napkin?

HAHAHAHAHAHAHAHAAAAA!

Nah, his greatest accomplishments in his first 100 days was keeping shrilLIARy out of office , pissing off the lying liberals like YOU, YOUR protégé LUBE and the rest of the reach-around crew AND putting a Constitutionalist on SCOTUS !!! Go cry in YOUR dingleberry wine over THAT assup !

[Luke_Wyatt]

Originally Posted by JD Barleycorn

A report says it's a gift for the wealthy? What report? From whom? That is what the democrats say about any tax cut or haven't you learned that yet?

What do you mean, how is he going to pay for it? That money does not belong to the federal government, it belongs to the people who are forced to pay it. Trump (in actuality, the House makes tax law) doesn't have to pay for anything. Now if you want to tell the truth, you might say how does the House make of for the revenue difference when it comes time for spending....there's part of your answer right there...spending. The House puts together a budget where spending is cut until such time as revenues increase which has been historically what happens when you cut taxes.

JD here's what a posted from the a reliable source- Business cEO's like the idea but here's the problem with his proposed plan- number one you can't have dramatic tax cuts and than turn around and have massive spending(i.e Military spending) that equation will equal massive debt.


Ms. MacGuineas’s group estimates that Mr. Trump’s plan could reduce federal tax revenue by $3 trillion to $7 trillion over a decade. The economy would need to grow at a rate of 4.5 percent — more than double its projected rate, an unlikely prospect — to make the plan self-financing.


What Trump’s Tax Proposal Will Cost
A point-by-point look at how much it will increase the federal deficit.



While Mr. Trump and his team point to the growth linked to tax cuts passed by previous presidents, today’s economy is different from that of 1981 or 2001, when Presidents Ronald Reagan and George W. Bush cut tax rates.

The Congressional Budget Office projects that the federal debt will grow by $10 trillion over the next decade. By 2027, the deficit could reach $1.4 trillion, or 5 percent of the economy, it says.

The office’s predictions have been off before, and the impact of tax cuts on the economy is a matter of debate, as so many variables determine a country’s economic fortunes. But tax historians and veterans of previous tax fights are quick to point out that lower rates are not necessarily a panacea for slow growth.

“This is fool’s gold that you’ll cut taxes, everybody will work harder, more money will come and you’ll erase the fiscal impact,” said Steve Bell, who was a Republican staff director of the Senate Budget Committee from 1981 to 1986. “It never happens.”

Joseph J. Thorndike, director of the Tax History Project at Tax Analysts, said the Trump plan appeared to have strong parallels with Reagan’s 1981 cuts. Mr. Thorndike recalled that the Reagan administration soon realized the problem of the red ink it was facing and started looking for new sources of revenue.
https://www.nytimes.com/2017/04/26/u...icit.html?_r=0