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Started By
Message
re: Former CBO Director: Trump’s tax plan is built on a fairy tale
Posted on 4/26/17 at 7:38 pm to ChopBlockOclock
Posted on 4/26/17 at 7:38 pm to ChopBlockOclock
Appreciate the reasoned thinking. 
0
Posted on 4/26/17 at 7:38 pm to a want
CBO scoring bills in a vacuum with no consideration of the effect of the bill outside of the 4 corners of the change itself.
Consider how wildly off the CBO was when scoring Obamacare.
Consider how wildly off the CBO was when scoring Obamacare.
Posted on 4/26/17 at 7:39 pm to ChopBlockOclock
quote:
As someone who does taxes for a living these tax cuts will be great for middle class. I ran a projection on my income around 100K, married and one child assuming this years taxes vs. the proposed tax cuts and I would have saved approximately 5K in taxes assuming I stayed in the same 25% bracket. I would have spent it or paid off debt which would increase my spending power which would lead me to eat out another night a week or buy more beer or play more golf or whatever but I would spend more. So would 95% of americans because thats our behavior. We have more cash, we buy more. I agree with going all in on supply side economics. Its human behavior to spend excess cash thus stimulating the economy and demand for goods.
That's cool, but I'm going to go with the former director of the CBO on this one.
quote:
But never has a dynamically scored analysis concluded that a proposal would “pay for itself with growth,” and no serious economist would make such a claim. At best, according to the prevailing consensus, the positive feedback effect from tax cuts would recoup in the range of 25 to 35 percent of the cost.
Posted on 4/26/17 at 7:39 pm to a want
All you do is read wapo all day?
No wonder
No wonder
Posted on 4/26/17 at 7:40 pm to a want
Tell Steven Munchkin to go frick himself, the wizard is in charge of the emerald city now
Posted on 4/26/17 at 7:40 pm to a want
quote:
a want
How much will this add to the debt?
Posted on 4/26/17 at 7:41 pm to a want
a want, why do you treat wapo as gospel when they literally don't hide the fact that they are an anti-trump rag?
Do you not read any other site?
Do you not read any other site?
Posted on 4/26/17 at 7:41 pm to a want
You would.
Fool.
Fool.
Posted on 4/26/17 at 7:41 pm to a want
quote:
Well....let's cut to the chase then.
Do you actually think these proposed cuts would actually result in a net positive in terms of federal revenue?
C'mon man.
It's funny.
When Obama plunged us into trillions of dollars of more debt this place went nuts.
Trump's tax plan will do the same and nary a complaint.
All that matters is he's on their team.
Posted on 4/26/17 at 7:42 pm to a want
quote:
Do you actually think these proposed cuts would actually result in a net positive in terms of federal revenue?
No.
But there will be a real offset from economic growth that the CBO won't score.
This post was edited on 4/26/17 at 7:44 pm
Posted on 4/26/17 at 7:43 pm to Paluka
quote:
ow much will this add to the debt?
Stay tuned. I'm sure there will be all sorts of analyses over the next few days.
Posted on 4/26/17 at 7:44 pm to a want
The thing is, you can't both cut taxes and not cut parts of the government.
Ask Arizona sometime how that went when the republicans here did that.
It wasn't pretty
Ask Arizona sometime how that went when the republicans here did that.
It wasn't pretty
Posted on 4/26/17 at 7:44 pm to Haughton99
I don't know what's gotten into you recently, but your post history as of late suggests that you've gone off the deep end.
Take a breather. Everything is going to be OK.
Take a breather. Everything is going to be OK.
Posted on 4/26/17 at 7:45 pm to HailHailtoMichigan!
quote:
a want, why do you treat wapo as gospel when they literally don't hide the fact that they are an anti-trump rag?
Do you not read any other site?
I've explained this many times. I have a subscription. I pay for the Washington Post because I'm (believe it or not) interested in politics. They are the best political paper on the planet.
Posted on 4/26/17 at 7:47 pm to a want
quote:
have a subscription. I pay for the Washington Post because I'm (believe it or not) interested in politics. They are the best political paper on the planet.
Posted on 4/26/17 at 7:48 pm to a want
Not editorial-wise.
Your man john kasich got 65% negative coverage from wapo according to data
Your man john kasich got 65% negative coverage from wapo according to data
Posted on 4/26/17 at 7:49 pm to a want
quote:
Stay tuned. I'm sure there will be all sorts of analyses over the next few days.
Exactly. I suggest you get off your one trick pony and let's see how this shakes out.
Posted on 4/26/17 at 7:51 pm to asurob1
quote:
It's funny.
When Obama plunged us into trillions of dollars of more debt this place went nuts.
Trump's tax plan will do the same and nary a complaint
And you were silent then, so you are what you are.
But, if Obama had spent what he spent because of all the money he let us keep, people might have actually had a different response. Did that ever cross your mind?
Posted on 4/26/17 at 7:55 pm to a want
Is this the same CBO who thought the last fiscal year there would be less than 600 billion added to the debt.
It was 1.4 Trillion. Yeah, that's a real reliable source.
It was 1.4 Trillion. Yeah, that's a real reliable source.
Posted on 4/26/17 at 7:56 pm to Paluka
Well....the point is: this is a guy who know what he's talking about and he calls it a fairy tale.
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