Trump effect

[txdot-guy]

Originally Posted by farmstud60

My head is in perfect sunshine. Yours is no where close to reality. Revenue has increased into the U.S. Treasury for every year in the last 40 years. The only time the budget was balanced was when actual spending was decreased thanks to Newt Gingrich and Bill Clinton listening to the voters who put Newt's contract with America in place that REDUCED SPENDING.

Only after democrats under clinton raised taxes in 1993.

Lowering taxes does not raise revenue in the long term. Never has and never will. To believe otherwise is delusional.

[farmstud60]

Originally Posted by txdot-guy

Only after democrats under clinton raised taxes in 1993.

Lowering taxes does not raise revenue in the long term. Never has and never will. To believe otherwise is delusional.

You really don't know math. If the economy grows by 3%, tax rates don't change, revenue increases 3%


The real problem is that changing tax rates is not a static economic event, but the idiot politician score cards view is a static even. Raising tax rates can cause a loss of revenue.

[txdot-guy]

Originally Posted by farmstud60

You really don't know math. If the economy grows by 3%, tax rates don't change, revenue increases 3%


The real problem is that changing tax rates is not a static economic event, but the idiot politician score cards view is a static even. Raising tax rates can cause a loss of revenue.

Yet as our population ages our retirement and medical costs rise our national debt rises. We never should have lowered taxes under bush jr. Especially when starting two unfunded wars.

Our national debt would be in a much better place without the bush and trump tax cuts and the neocon war mongering in iraq and afghanistan.

I have to admit that Trump is actually raising revenue with his tariffs. But he would be better served by taxing profits and income rather than the cost of goods.

[texassapper]

U.S. inflation rises 0.1% in May from prior month, less than expected

But that source is probably suspect too lol.

No empty shelves, no inflation, no recession.... its almost like the experts were just lying...

[SpeedRacerXXX]

Originally Posted by texassapper

U.S. inflation rises 0.1% in May from prior month, less than expected

But that source is probably suspect too lol.

No empty shelves, no inflation, no recession.... its almost like the experts were just lying...

Trump campaigned on lower inflation and lower prices at the grocery store. Inflation is up, although minimally, but it is not down as Trump promised. Walmart has raised prices significantly on many imported products. Gasoline prices are up. Cost of housing is up. Prices at the grocery store are not down as Trump promised. And the full negative impact of Trump's tariffs have not kicked in yet. The tariffs on steel and aluminum, now at 50%, are expected to negatively impact many products. Remember even Trump predicted short-term economic problems due to the tariffs.

[Precious_b]

Yeah. Too suspect. I don't use CNBC/CNN/MSNBC/FOX for sources. Maybe OAN to pun someone but those deadbeats I can't find anymore.