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Author | Topic: The GOP Tax Myth |
reechee POA Site Supporter Prowler Junkie From:San Rafael, CA |
posted 10-20-2017 03:25 PM
I helped create the GOP tax myth. Trump is wrong: Tax cuts don’t equal growth.
By Bruce Bartlett Bruce Bartlett was a domestic policy adviser to President Ronald Reagan. He is the author of “The Benefit and the Burden: Tax Reform — Why We Need It and What It Will Take."
The tax system has an enormously powerful effect on economic growth and employment. That’s wishful thinking. So is most Republican rhetoric around tax cutting. In reality, there’s no evidence that a tax cut now would spur growth. The rest of the story: This message has been edited by reechee on 10-20-2017 at 03:25 PM |
ALLEY CAT POA Lifetime Site Supporter Prowler Junkie From:mesa, az, USA |
posted 10-20-2017 03:42 PM
quote: "Based on this logic, tax cuts became the GOP’s go-to solution for nearly every economic problem."
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This message has been edited by ALLEY CAT on 10-20-2017 at 03:49 PM |
reechee POA Site Supporter Prowler Junkie From:San Rafael, CA |
posted 10-20-2017 04:58 PM
Unfortunately AC you do not rebut any of the assertions in the initial statements. |
Landscape Doctor POA Site Supporter Prowler Junkie From:Live Free Or Die State, NH |
posted 10-20-2017 05:16 PM
End all taxes,,, institute a consumption tax,,, EVERYONE PAYS. What say you reechee??????????? |
Landscape Doctor POA Site Supporter Prowler Junkie From:Live Free Or Die State, NH |
posted 10-20-2017 05:18 PM
Oh before I forget. The Washington Post is a left leaning rag,,, just like snoops. |
Landscape Doctor POA Site Supporter Prowler Junkie From:Live Free Or Die State, NH |
posted 10-20-2017 05:19 PM
Go on my test post thread to see what I have for desert tonight. |
reechee POA Site Supporter Prowler Junkie From:San Rafael, CA |
posted 10-23-2017 05:36 PM
LD, I know that neither The WAPO nor Snopes have the imprimatur of the right nevertheless, I hope you noted the author worked for Reagan. What Are the Cons of a Consumption Tax? 1. To replace traditional tax structures, it would need to be quite high. 2. For a consumption tax to actually work, it must tax everything. 3. It places a higher level of burden on the poor for tax revenues. 4. The cost of used goods will explode. 5. Some retirees could be taxed twice. Facts have a liberal bias. |
ed monahan POA Lifetime Site Supporter Prowler Junkie Personal ScrapBook From:Cincinnati, Oh, USA |
posted 10-23-2017 06:37 PM
Tax on mortgage interest !!!!! Really. That sounds like a real far LEFT scare tactic. I guess you would have to pay tax on your real estate tax, also. |
StingRay POA Site Supporter Prowler Junkie From:Elk Grove Village, IL, USA |
posted 10-23-2017 08:21 PM
Ed, the Left will tax your taxes if they can ... all so the likes of Birnie can buy another Audi supercar and another mansion and Al Gore can increase his carbon footprint all while denouncing republicans that don't rank the "dangers" of global warming as high as ISIS and radical Islamic Terrorists .... |
mslc10 POA Site Supporter Prowler Junkie From:Bulverde, Texas, United States |
posted 10-25-2017 09:15 AM
ummmm, did you forget clinton had the dotcom bubble spurred on by the Reagan era? Remember in the 80's movies all the electronics/computer advances? Chk these trailers: |
Landscape Doctor POA Site Supporter Prowler Junkie From:Live Free Or Die State, NH |
posted 10-25-2017 03:33 PM
Tom to sum up your post,, looks like liberal scare tactic fuzzy math to me. Also at least you made my point that middle class gets screwed. The bottom leach off the system on middle class backs. I still say 20% consumption tax. JMHO Oops,,, correction, I meant reechee not Tom. This message has been edited by Landscape Doctor on 10-26-2017 at 04:37 PM |
cstall POA Site Supporter Prowler Junkie From:Chandler, AZ USA |
posted 10-26-2017 04:04 PM
Hey Reech - I read your article - nice piece. |
bcsnave POA Site Supporter Prowler Junkie From:somewhere over the rainbow |
posted 10-27-2017 01:29 PM
? This message has been edited by bcsnave on 04-10-2018 at 10:28 PM |
reechee POA Site Supporter Prowler Junkie From:San Rafael, CA |
posted 10-27-2017 04:06 PM
cstall, I'm glad you actually read the article. I can only hazard a guess since I only took the minimal econ requirements in school (Macro and MIcro econ). My life observations seem to indicate that a prosperous economy is a good mix of private and public investments with an eye toward fairness. With the debacle that Kansas had with their tax cuts, I cannot see how anybody can seriously purport to believe this works. Reagan had to raise taxes multiple times after his cuts grew large deficits and Bush Senior also raised taxes for which he paid a big price. Do you have any thoughts on what makes a healthy economy? |
StingRay POA Site Supporter Prowler Junkie From:Elk Grove Village, IL, USA |
posted 10-27-2017 04:54 PM
Reechee .... ever learn about "control spending", or "curtail wasteful or abused programs" in either of those econ classes ... Tax & Spend seems to be the Democratic mantra ...I like bcsnave's approach ... if we all join him, who will be left to fund it all? |
reechee POA Site Supporter Prowler Junkie From:San Rafael, CA |
posted 10-27-2017 05:41 PM
StingRay, I am certainly not opposed to curtailing wasteful spending. I do think that all too often programs continue simply from inertia. For instance we still have a Wool and Mohair Marketing Assistance and of course every time a proposal is made to kill it, the lobbyists come out in force. That is why I feel every program should have a sunset date. If it is not renewed, it dies. As far as Tax and Spend, that is an old canard which is really meaningless. A country has expenses. It raises taxes and them spends. It is superior to the Republican system of Borrow and Spend. bcsnave is certainly welcome to try his plan. I doubt if he would enjoy the Obama Platinum Plan. Perhaps he could provide details of what that is. |
ed monahan POA Lifetime Site Supporter Prowler Junkie Personal ScrapBook From:Cincinnati, Oh, USA |
posted 10-27-2017 06:03 PM
"It is superior to the Republican system of Borrow and Spend." It is good to see you have a sense of humor. lol |
mslc10 POA Site Supporter Prowler Junkie From:Bulverde, Texas, United States |
posted 10-27-2017 07:19 PM
I'm sorry but who was borrowing and spending in the last 8 years? It's the swamp and any govt. really , even locals. The old story of " well we spent this much last year, we have to spend it this year too or we will loose it. " I believe it's called baseline budgeting . http://www.cagw.org/content/baseline-budgeting ------------------ |
alprowl POA Site Supporter Prowler Junkie From:Katonah , NY, USA |
posted 10-27-2017 07:40 PM
quote: This is nothing new...in the late 60s and 70s, when I was in the new car business we would win contracts to sell vehicles to schools, municipalities and police depts... The vehicles were set prices on certain specs... Many towns would request 'changes' and offer to pay overinflated prices just to use up as much $ as possible before the end of the fiscal budget year. |
Dano POA Site Supporter Prowler Junkie From:Florida |
posted 10-27-2017 10:16 PM
quote: Can someone please remind me which party the president belonged to that had the largest increase to the national debt IN HISTORY ? The reason this debt is there in the first place is because of borrow and spend. This message has been edited by Dano on 10-27-2017 at 10:17 PM |
StingRay POA Site Supporter Prowler Junkie From:Elk Grove Village, IL, USA |
posted 10-27-2017 10:23 PM
quote: THIS in a nutshell is the problem ... the idea of a budget is to put a cap on what you expect to spend. The GOAL should be to spend under it - well under it, and then the following year the budget can be reduced ... instead of this BS approach of "must spend it or lose it" and then next year they MUST increase it by CPI or some other measure of inflation - its a scam and without a STOP put to it, its a runaway train! |
Landscape Doctor POA Site Supporter Prowler Junkie From:Live Free Or Die State, NH |
posted 10-27-2017 10:27 PM
quote: This is nothing new...in the late 60s and 70s, when I was in the new car business we would win contracts to sell vehicles to schools, municipalities and police depts... The vehicles were set prices on certain specs... Many towns would request 'changes' and offer to pay overinflated prices just to use up as much $ as possible before the end of the fiscal budget year.[/B][/QUOTE]
This message has been edited by Landscape Doctor on 10-27-2017 at 10:29 PM |
mslc10 POA Site Supporter Prowler Junkie From:Bulverde, Texas, United States |
posted 10-28-2017 11:57 AM
And don't get fooled by the so called " balanced budget" ! All that means is they ( govt) will just tax us beyond what they spend and call it a " surplus" and then spend the extra , hence balancing the budget! Wait ...I think I remember a president one time " refunding" us " our" money when there was a surplus. Seemed to me their was a boost in the economy at the same time........hmmmmm. ------------------ |
ed monahan POA Lifetime Site Supporter Prowler Junkie Personal ScrapBook From:Cincinnati, Oh, USA |
posted 10-28-2017 03:00 PM
Cincinnati ENQUIRER today. by Bill Laverty. I can't seem to find it online to cut and paste so I will just type in the last paragraph. Will the Trump tax plan work? The Democrats need to look no further than their own party to answer that question. Democrats adopted an almost identical plan in 1964 when Pres. Lyndon Johnson/JFK with strong BIPARTISAN support from Congress, passed the Tax Reduction Act. This plan led to an economic boom that lasted a decade. |
ed monahan POA Lifetime Site Supporter Prowler Junkie Personal ScrapBook From:Cincinnati, Oh, USA |
posted 10-28-2017 06:23 PM
One more paragraph that hits the nail on the head. Under Pres. Barack Obama, for the FIRST TIME in U S history, more small companies went out of business than were started. That is not only bad for (the business owners). It's disastrous for you. In other words, the total of small businesses was lower than when he took office. Eight years of negative growth. |
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