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Started By
Message
re: If the Tax Cuts get passed, Trump wins the 2020 election. Period
Posted on 4/27/17 at 10:53 pm to The First Cut
Posted on 4/27/17 at 10:53 pm to The First Cut
quote:
Well cutting the corporate rate could actually increase revenues. Take companies like Apple for an example. They park their intellectual property in Ireland where the corporate rate is 12.5%.
15%>12.5%
1
Posted on 4/27/17 at 10:53 pm to BamaAtl
quote:
You want it to give tax cuts to millionaires
shite, when did I become a millionaire?!
Posted on 4/27/17 at 10:55 pm to Tiguar
quote:
shite, when did I become a millionaire?!
Never, which is the joke!
Posted on 4/27/17 at 11:00 pm to BamaAtl
Absolutely NO CHANCE that the Trump tax bullet points pass in any form resembling those talking points. Many Repubs in both houses won't vote for something that obviously will widen the deficit in 2018 and 2019 and 2020. And Repub Congressmen from NY and CA and PA will be enough to make sure we don't lose the state and local taxes deduction.
Posted on 4/27/17 at 11:04 pm to ChexMix
quote:
If the Tax Cuts get passed, Trump wins the 2020 election
I don't think so at all. These Republican tax cuts will balloon the deficit out of control and lead to inflationary pressures and economic stagnation.
You remember when the economy was the healthiest? It was back in Clinton's presidency, when the president had the courage, in the face of withering opposition, the RAISE taxes and balance the budget! The economy really took off back then. Unfortunately we don't have that kind of leadership in DC anymore.
Posted on 4/27/17 at 11:08 pm to tarzana
quote:
The economy really took off back then
Lol. Ever heard of a little thing called the internet? It was kind of a big deal back then.
Posted on 4/27/17 at 11:11 pm to BamaAtl
then why would his tax cut be helping me 
Posted on 4/27/17 at 11:12 pm to ChexMix
Great thread and I agree.
Strong economy plus SJW and MSM overreach will equal Trump winning every 2016 state plus MN NH ME VA NV and maybe NM and CO.
Strong economy plus SJW and MSM overreach will equal Trump winning every 2016 state plus MN NH ME VA NV and maybe NM and CO.
Posted on 4/27/17 at 11:14 pm to GeorgeWest
quote:
And Repub Congressmen from NY and CA and PA will be enough to make sure we don't lose the state and local taxes deduction.
fricking cucks
Most NY Repubs arent even real Repubs anyway
Posted on 4/27/17 at 11:19 pm to BamaAtl
quote:
15%>12.5%
But the 2.5% repatriation isn't enough to leave dead money in Ireland.
Posted on 4/28/17 at 8:58 am to Tiguar
quote:
then why would his tax cut be helping me
It won't, which is the point.
Posted on 4/28/17 at 8:58 am to The First Cut
quote:
But the 2.5% repatriation isn't enough to leave dead money in Ireland.
Link?
Posted on 4/28/17 at 9:06 am to BamaAtl
That's not what an independent online calculator says.
Posted on 4/28/17 at 9:13 am to BamaAtl
quote:
And I'm much more interested in deficit spending for a global recession
Which has caused the greatest long-term slow down in U.S. economic history and nearly doubled the national debt.
The fact that people still support Keynesian economic policies astounds me.
As to your original point about increased deficit spending, we can look at history and know that the only deficits are truly reduced is when tax revenue increases during prosperous economic times (1996-2000 for example). Our fiscal policy should focus on maximizing government revenue through economic growth not increased taxation. As to whether this plan, if passed, will do that, time will tell. We do know that increased taxation and deficit spending will not.
Posted on 4/28/17 at 10:46 am to BamaAtl
quote:
Link?
You want me to link common business sense?
If our corporate rate is 15% and Ireland's remains at 12.5%, there's far less incentive to set up overseas subsidiaries to transfer payments to in order to evade oppressive taxation. Further, even if you do go that route, the US tax due is only the delta between the two nations (2.5% in this example). Paying 2.5% incentivizes firms to repatriate monies far more so than 22.5%, as it is now.
Posted on 4/28/17 at 11:29 am to ChexMix
I wonder what the debates will be like if trump has a really successful first term in regards to the economy.
Posted on 4/28/17 at 11:33 am to ChexMix
I have to disagree with the OP. If tax cuts get passed and they balloon the debt to pour money to the super rich, there will be hell to pay.
This post was edited on 4/28/17 at 2:13 pm
Posted on 4/28/17 at 11:38 am to The First Cut
quote:
You want me to link common business sense?
Link me somewhere that says 2.5% is too little of a repatriation rate to justify dead money, but the current rate isn't. Link somewhere that gives us a nice break point - what % makes it justifiable to pay rather than sit in another country?
Posted on 4/28/17 at 11:41 am to BamaAtl
quote:
Democrats won't give a single vote for it?
Wanna bet.
quote:
raises the deficit
Now y'all care about the deficit?
Posted on 4/28/17 at 1:02 pm to BamaAtl
quote:
Link me somewhere that says 2.5% is too little of a repatriation rate to justify dead money, but the current rate isn't.
OK, You do want me to link common sense. Let me help you... 22.5% tax on repatriation = bad
2.5% tax on repatriation = much less bad
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