Into the Night
Verified User
Can't think of a single one.
Farmers are actually selling rice and soy beans to China now.
Conservative Tax Cuts slowed the economy
- Thread starter LV426
- Start date
Into the Night
Verified User
Already happened. You missed it!
DOTARD is at it yet again, spreading disinformation
https://www.ntu.org/foundation/tax-page/who-pays-income-taxes
data shows that the top 1 percent of earners (with incomes over $515,371) paid nearly
39 percent of all income taxes, up slightly from the previous tax year's 37 percent share.
Wasn't the tax cut supposed to not lead to manufacturing contraction? Wasn't it supposed to lead to all this "business investment"? Wasn't it supposed to increase everyone's wages by $4,000?
US manufacturing plunges deeper into recession
https://www.cnn.com/2020/01/03/economy/december-manufacturing-downturn/index.html
U.S. business investment downturn could pressure slowing economy
https://www.reuters.com/article/us-...-could-pressure-slowing-economy-idUSKBN1WB1PV
Tax overhaul means a $4,000-a-year pay raise for the average family, Drumpf advisor says
https://www.cnbc.com/2018/01/29/tax...year-pay-hike-for-average-family-hassett.html
Althea
Althea told me...
That's true. I believe all of the billions raised via taxing American consumers is applied to GDP, though. Which was my original point.
Althea
Althea told me...
Just when I thought he couldn't fall deeper into the pool of drivel, he amazes me.
The tariffs created a global slowdown.
And the tax cuts took as much out of the economy as they could as the global economy slowed, and handed almost all of it to the rich.
MORE GREAT ECONOMIC NEWS, AS THE US ECONOMY HAS CONTINUED TO ROLL ALONG,, DESPITE THE PRAYERS, CRYINGS and VOODOO RITUALS OF ANTI-AMERICAN LEFTISTS, DRIVEN TO TDS DEMENTIA BY PRES.TRUMP'S ONGOING SUCCESSES, ARE TRYING ANYTHING TO GET A RECESSION STARTED:
Happy New Year! The U.S. economy has entered 2020 ‘with a little more zip’
As long as Americans keep spending, the economy is all but certain to sidestep a recession in 2020 for a record 11th straight year.
The crucial question is, can they? And the answer seems to be, quite clearly, yes.
What’s put a sturdy foundation under the economy is the best labor market in decades. The U.S. added 145,000 new jobs in December to cap off the ninth straight year in which the economy created more than 2 million new jobs.
All the new hiring over the last decade has pushed the unemployment rate down to a 50-year low of 3.5%. If it goes any lower, the jobless rate would hit a bottom last reached during the Eisenhower presidency in the early 1950s
~ Secure in their jobs, Americans are still quite confident in the economy, surveys show. They appeared to have boosted spending during the holiday season at decent clip, unlike a year ago when the government was partially shut down and the stock market briefly tumbled on fears of a recession.~
~Stocks DJIA, +0.51% SPX, +0.73%keep hitting fresh record highs. And the Trump administration struck a deal with China that reduces to a simmer a trade dispute between the world’s two largest economies that nearly boiled over last summer.
“The economy looks to head into the new decade with a little more zip than we thought,” said senior economist Sal Guatieri of BMO Capital Markets. “While this may not foreshadow another decade of uninterrupted growth, it should keep recession fears at bay.”~
https://www.marketwatch.com/story/h...ntered-2020-with-a-little-more-zip-2020-01-11
LOOKS LIKE THE LYING LEFT WILL HAVE TO KEEP TRYING TO CONVINCE PEOPLE HOW "BAD " EVERYTHING REALLY IS....
Q4 2019 GDP growth was only 2.1%.
But I guess that is more "zippy" than the 1.1% GDP growth for Q4 2018.
Still a far cry from the 3% growth that was promised.
Althea
Althea told me...
In a bigger way than most realize. The wealthiest got their cap gains lowered. They play the market (that's been artificially inflated), and pay almost no taxes on profits. Corporations pay almost nothing in taxes now. Many DO pay nothing. They certainly didn't give out raises, or hire people.
In fact, they admitted before the tax cuts that they wouldn't do either.
2019 ANNUAL GROWTH was 2.4% EXCELLENT.
THREE YEARS RUNNING, ANNUAL GROWTH OF 2-3%...OUTSTANDING...
2016 ANNUAL GROWTH was 1.6%.
No, it was 2.3%, but OK. Round up if you want. Still not the 3% you all promised we'd see at the very least.
Ironically, that was the same GDP over Obama's second term.
What was 2015, 2014, and 2013? Obama's second term average was 2.0%, and Trump has yet to top Obama's 2015 of 2.9%.
^Uneducated dumbass. This is a testament to the failure of our educational establishment.
How do tax cuts take money out of an economy you uneducated dullard? You're another testament to the glaring failure of our educational establishment.
You cannot hand to the rich that which they had already earned or owned you uneducated dunce.
Go back to school and this time pay attention. Dunce.
Not true, we have had quarters below 2% in the last three years.
The last three years has been a little less than post Great Recession Obama. If 5.5% was terrible for Obama. I really do not see how 2% is "outstanding".
How do tax cuts take money out of an economy you uneducated dullard? You're another testament to the glaring failure of our educational establishment.
Tax cuts on money leaving our economy causes more money to leave America. Taxes that are spent quickly can actually add money to the economy. Remember that not all money is being used in the economy all the time.
Loving91390
Verified User
Obama would just throw $10 trillion at it !
No problem with you liberals .....
No problem with you liberals .....
But that's what your tax cut basically did.
And the result is a deficit back to $1T.
And no 3% growth as promised.