His goal was to create a generation of dependency: Democrat voters.
Amen!
![Thumbs Up :thumbsup: :thumbsup:](https://www.justplainpolitics.com/images/smilies/rsz_thumbs-up-sign_1f44d-1.png)
His goal was to create a generation of dependency: Democrat voters.
Take that money you’re giving to the corporations, and give it to the poor people. They can’t afford to save it So they spend it, and it trickles up.
Yes, have the wealthy run everything. what could go wrong?
if you don't think the tax cut on money held by US companies overseas resulted in job creation you are a fool.....
What’s up liar.The tax cuts were meaningless. They did nothing. That is unless you are not counting the increase in the wealth gap. And the debt. https://www.forbes.com/sites/christ...ts-didnt-work-the-data-prove-it/#a8171558c138 Forbes is not lefty, so don't try that. But they are an economic magazine.
Me and all the economists do not have your inside knowledge.https://www.theatlantic.com/ideas/archive/2019/10/why-donald-trumps-economic-dream-crumbled/601153/
Anyone who wants to know what tax giveaways do, just ask Sam Brownback in Kansas.Not quite, as another articles linked to the OP source clearly points out here:
https://www.brookings.edu/blog/the-...28.753372165.1578604388-2034949766.1578604387
In 2017, the state of Wisconsin agreed to provide
$4 billion in state and local tax incentives to the electronics manufacturing giant Foxconn. In return, the Taiwan-based company promised to build a new manufacturing plant in the state for flat-screen television displays and the subsequent creation of 13,000 new jobs.
It didn’t happen. Those 13,000 jobs never materialized, and plans for the manufacturing plant have been consistently scaled back. Even if the project had gone through as planned, there is no way the Foxconn subsidy would have made money for the state, or provided earnings benefits for residents that exceed its costs. It now appears that few of Foxconn’s promises will be fulfilled, even though local governments have gone into debt over the project.
https://www.axios.com/how-tax-incentives-cripple-cities-50807da0-e7bc-46d2-ab88-5e6252957f7d.html
The bottom line: Since the 1990s, the typical size of a corporate tax break has tripled, and although these incentives are open to all businesses, 70% of the deals and 90% of the dollars go to big companies.
The future of incentives is trending even bigger, says the Upjohn Institute's Bartik. "There's a threat that these things will dip into money for schools and roads."
n 2012 and 2013, at the urging of Governor Sam Brownback, lawmakers cut the top rate of the state’s income tax by almost 30 percent and the tax rate on certain business profits to zero. Under “supply-side” economic theory, these deep tax cuts should have acted — as Brownback then predicted — like “a shot of adrenaline into the heart of the Kansas economy,” stimulating strong growth in economic output, job creation, and new business formation. But in reality, Kansas underperformed most neighboring states and the nation on all of those measures after the tax cuts. For example:
Moreover, Kansas revenues plunged, leading to cuts to education and other vital services and downgrades in the state’s bond rating. On June 6, 2017, the legislature terminated what Brownback had termed a “real live experiment” in supply-side tax policy, repealing the business profits exemption and moving income tax rates back toward where they had started.
- Kansas’ 4.2 percent private-sector job growth from December 2012 (the month before the tax cuts took effect) to May 2017 (the month before they were repealed) was lower than all of its neighbors except Oklahoma and less than half of the 9.4 percent job growth in the United States.
- Likewise, the number of Kansas residents reporting income on their federal tax returns from a partnership or “S corporation” (two of the main types of businesses that the tax cuts exempted from income tax) grew by 4.1 percent between 2012 and 2015, well below the 5.4 percent growth for the United States and below all of Kansas’ neighbors except Missouri.
What’s up liar.
The author is a progressive. That doesn’t automatically discredit what he’s saying but don’t deny what he is.
It would be like Bryan Caplin writing an article for The NY Times. The Times is no less liberal and Caplin no less Libertarian because of it.
lets be fair.....only you and dumbfuck lib'rul economists........and its a given that you have NO knowledge.......
I can give you a lot of them. it is in huge agreement that it was just a gift to the wealthy. Here is another.https://www.marketwatch.com/story/its-official-the-trump-tax-cuts-were-a-bust-2019-01-30 Not lefty. I gave you a centerline source and you called me a liar. What is wrong with you?
Let's be really fair. You do not know what you are talking about and somehow you think you have the power to decide who is liberal and do not even have to prove that they are. And you cannot prove it makes them provide false reports. https://www.thebalance.com/do-tax-cuts-create-jobs-3306325 The problem is your mind is shut tight to anything that you think is anti-Trump. Economists are not. They are just revealing what their data says.
It is you who has no knowledge.
???....I don't decide who is lib'rul.......I just decide who is stupid........obviously, you are stupid.......the data is that taxes were cut.......the data is the highest number of jobs in US history, the lowest unemployment in fifty years, stock market records and wage level increase......you are free to draw your own conclusions from the data......but, as already pointed out, you are stupid.........
Oh if you say so in your own inimitable style of zero information posts. Just simple little name-calling and insults.
???....I don't decide who is lib'rul.......I just decide who is stupid........obviously, you are stupid.......the data is that taxes were cut.......the data is the highest number of jobs in US history, the lowest unemployment in fifty years, stock market records and wage level increase......you are free to draw your own conclusions from the data......but, as already pointed out, you are stupid.........
None of that is true.
Originally Posted by Taichiliberal
Please provide some valid sourced documentation to substantiate your generalities and opinions here.
https://www.heritage.org/poverty-and-inequality/report/the-war-poverty-after-50-years
If you think handing some POS freeloader someone else's money solves anything, you're a goddamn idiot.
Let's see if you accept facts or use the 'that's not a valid source' excuse.
In the Detroit area, tax relief has been given over and over. The companies never come close to providing the jobs or revenue they promise. It costs a lot of money to support them with roads, ramps, policing , traffic lights and sewer systems.
What you should offer is an experienced and qualified workforce. And that you have lots of universities and trade schools to support their staffing.
When you offer tax incentives, you pass that cost on to the citizens.
Overall the area gets more pollution and more costs.
Some local businesses do well.
Originally Posted by Jarod
Take that money you’re giving to the corporations, and give it to the poor people. They can’t afford to save it So they spend it, and it trickles up.
Or you could just stop subsidizing corporations and poor people, and let the market handle things on its own.
Originally Posted by Nordberg
The tax cuts were meaningless. They did nothing. That is unless you are not counting the increase in the wealth gap. And the debt. https://www.forbes.com/sites/christi.../#a8171558c138 Forbes is not lefty, so don't try that. But they are an economic magazine.
What’s up liar.
The author is a progressive. That doesn’t automatically discredit what he’s saying but don’t deny what he is.
It would be like Bryan Caplin writing an article for The NY Times. The Times is no less liberal and Caplin no less Libertarian because of it.
lets be fair.....only you and dumbfuck lib'rul economists........and its a given that you have NO knowledge.......