Economy Trump tax cuts 6 months later: it was exactly what critics projected - everyone but the rich suffers

[Jack V Savage]

Again I'm not going by national statistics I'm going by my own experience. It has really picked up since the end of 2017 to now. That is a fact. Thanks Obama.

Policy works on the country as a whole. Your approach to judging the impact of it (looking at four people you happen to know and ignoring stats) is not a good one if your goal is an accurate understanding.

 

[TyranicalTrump]

Funny that no media is mentioning this or anyone on social media. You know damn good and well if the tax cuts were that bad or raised taxes on the poor the media would be all over them. but yet somehow tax time came and went and didn't really hear shit and sure as hell didn't see people complaining on social media that their taxes went up.

 

[NC252]

Policy works on the country as a whole. Your approach to judging the impact of it (looking at four people you happen to know and ignoring stats) is not a good one if your goal is an accurate understanding.

We probably have 6 more years of a conservative economy. We just had eight years of a progressive economy I guess we will compair stats when it's done.

 

[Jack V Savage]

We probably have 6 more years of a conservative economy. We just had eight years of a progressive economy I guess we will compair stats when it's done.

We can "compair" stats now. That's what the thread is about. We now see that the tax cuts didn't have the promised impact. We see that the ARRA did.

 

[Grenz]

He did the tax cuts. He deregulated. He moved the US Embassy to Jerusalem. He is negotiating new trade deals. He got us out of the Paris climate Accord. He increased members spending in NATO.
He appointed a conservative Justice to the Supreme Court. He tried to get funding for the wall. He tried to get rid of Obamacare. Both of those are on Congress not him

So there's the tax cut. Benefits big corporations and wealthy citizens exponentially more than it does you, and the small benefit it's giving you will run out in 2022 anyway. Moving the embassy affects you positively exactly how? How are those trade negotiations coming along? Do you like tariffs? I hear they're super awesome for economies and working and middle class people. He hasn't increased members' NATO spending at all, how would he even do that? Did you even know the 2% is a voluntary target?

What other kind of judge would he appoint? A liberal one? There was a seat open, he did his job. Wow, fantastic achievement. The last two, the funding for the wall and healthcare, you just brush off, blaming that failure on someone else. It's not someone else's failure, it's the leadership's failure because they went in there without a sweet fucking clue on how to get these things done. It was clear right from the start that Mexico wouldn't just hand over 20 billions dollars and that congress would resist health care reform. The fact is there was no plan to overcome these hurdles. Trump's fault, nobody else's. You wouldn't have accepted this piss poor excuse of shifting blame onto others from Obama, why accept it from the other guy?

 

[TyranicalTrump]

Despite numerous posts by posters on here that state there is a difference in their paycheck or business since the tax cuts, this tired hack still tries to preach his propaganda as truth. This Trosky clown hates capitalism and doesn't want anyone to keep the money they earn.

The economy is in the best shape its been in since the 50s but the self loathing communist is still trying to downplay it.

yep, you know dang good a well if a bunch of libs taxes went up they would be on here making a post about how horrible thew tax cuts were. Tax time came and went and I havent heard shit from anyone about their taxes going up.

 

[NC252]

Why are those two things on Congress and yet the tax cuts he gets credit for?

And exactly what Obama era policies were stifling your business? Or was it the whole him having to dig us out of a Republican helmed recession thing?

He gets credit for the tax cuts because that was his policy and Congress and acted it. Congress did not repeal Obamacare in Congress did not approve funding for the wall. Pretty simple. I don't think you can speak to any specific Obama Economic Policy because I'm not even sure what they were. Consumer confidence is way up under Trump and people are spending more money. It's irrefutable. What specific economic policies of the Obama era do you believe help our country grow?

 

[ScottE]

yep, you know dang good a well if a bunch of libs taxes went up they would be on here making a post about how horrible thew tax cuts were. Tax time came and went and I havent heard shit from anyone about their taxes going up.

So you clearly don't realize that the most recent "tax time" would have been under the old tax code.

 

[TyranicalTrump]

So there's the tax cut. Benefits big corporations and wealthy citizens exponentially more than it does you, and the small benefit it's giving you will run out in 2022 anyway. Moving the embassy affects you positively exactly how? How are those trade negotiations coming along? Do you like tariffs? I hear they're super awesome for economies and working and middle class people. He hasn't increased members' NATO spending at all, how would he even do that? Did you even know the 2% is a voluntary target?

What other kind of judge would he appoint? A liberal one? There was a seat open, he did his job. Wow, fantastic achievement. The last two, the funding for the wall and healthcare, you just brush off, blaming that failure on someone else. It's not someone else's failure, it's the leadership's failure because they went in there without a sweet fucking clue on how to get these things done. It was clear right from the start that Mexico wouldn't just hand over 20 billions dollars and that congress would resist health care reform. The fact is there was no plan to overcome these hurdles. Trump's fault, nobody else's. You wouldn't have accepted this piss poor excuse of shifting blame onto others from Obama, why accept it from the other guy?

OK? so have the next president change the taxes like Trump did?

ohh you get a decrease but only for 4 years. So we just gonna act like we arent getting a decrease becuase they expire at some point?

Ohh so you screwin a model right now, well that don't mean shit because eventually she is gonna leave you.

 

[NC252]

We can "compair" stats now. That's what the thread is about. We now see that the tax cuts didn't have the promised impact. We see that the ARRA did.

Was there a timetable on the promise impact of the tax cuts I'm sorry I did not see that. The tax cuts were passed in December of 2017. You want to give Obama credit for an economy that is seveny ears further off from the point where Trump passed his tax cuts. LOL.

 

[TyranicalTrump]

So you clearly don't realize that the most recent "tax time" would have been under the old tax code.

was not aware of that, Thanks for the info.

so eevn though it hasn't happened yet, its horrible per the liberals and gonna be great per repubs.

 

[Trotsky]

Where did you study econ at?

Masters of Law in Business & Economics

That is a lot to type out just to admit you support an inherently unfair tax system. You can suggest it is necessary, but at least be hones about it...

I'm suggesting it's necessary and that it is fundamentally more fair than what you are defaulting to (I'm guessing a flat-tax or flatter tax system).

My position is Rock Solid.

Because the individual is the source of all wealth, and governments simply piggyback off of these discoveries of wealth through taxation, it's a moral decision to allow an individual to keep more of what they have earned.

@Rod1 what's that quote you've used about liberals erroneously making moral issues to the disadvantage of pragmatic and effective evidence-based solutions?

I don't know that I ever see that from the left, but taxation is, as evidenced here by @Farmer Br0wn, the issue where right-wing Americans would root for the destruction of the country and economy on the basis of the "moral decision" that accrued wealth is inherent and flat tax is "fair."

How about this for an idea: no taxes. Taxation is theft.

Don't post in a politics subforum if public policy like taxation is too complicated for you to be bothered with.

 

[ScottE]

He gets credit for the tax cuts because that was his policy and Congress and acted it. Congress did not repeal Obamacare in Congress did not approve funding for the wall. Pretty simple. I don't think you can speak to any specific Obama Economic Policy because I'm not even sure what they were. Consumer confidence is way up under Trump and people are spending more money. It's irrefutable. What specific economic policies of the Obama era do you believe help our country grow?

The tax cuts, as the were passed, were not in keeping with his campaign promises on that matter. He's provided 0 active leadership on his healthcare "policies". Compare Trump's efforts in regards to healthcare reform to Obama's. Trump has clearly shown that his campaign promises had no substance and that he doesn't understand the topic. The only thing he has done in regards to healthcare is going to have the effect of driving up premiums even faster then they already were while also decreasing the number of insured people.

Clearly you have no substance to your argument so I'll just ask you something very simple. Where was the economy when Obama took over and where was it when he handed it off?

The economy is continuing on the same upward trend that Obama had it on after digging it out of the depths his own predecessor had dug it. Trump was handed a thriving economy and has only succeeded in not tanking it, yet.

 

[HomerThompson]

I pointed out a few specific areas to look at. Real wage growth has slowed sharply, and job growth has slowed down.

Here's GDP over the past 10 years:

There's no way you can look at that and see some kind of big change in Jan. 2017 that needs to be explained by some policy change (conversely, it's clear on the graph where the ARRA kicked in). If the economy is doing well now, it was doing well in Dec. 2016, too.

But Michelle Obama is a man, though.

What about Hillary's e-mails?

You tribalist!!!

 

[Trotsky]

Trotsky confirmed poor ass socialist.

Not surprised tbh

This is the best persons like you, @thefirstemporer , and @Throwin Bombs can do.

You're not informed or mature enough to argue the merits, so you cast aspersions.

And, whether or not I am poor, it is clear that unless all three of you are Trump-style old money types who were born into wealth, these policies are against your interests. Because none of you accrued wealth based on your exceptional intelligence.

Not a single, serious attempt to refute the OP.

Just deflections, complete bullshit, and personal attacks.

Low IQ.

Sad!

Honestly, this is what @Jack V Savage, yourself, and I were talking about before. The bottom has dropped out on any expectation of productive discourse. I always knew that people could be dumb or intellectually lazy or stubborn, but I had always thought that most could be persuaded by objective contravention of their interests on the basis of irrefutable facts. I mean....it's beyond description at this point.

 

[HomerThompson]

Policy works on the country as a whole. Your approach to judging the impact of it (looking at four people you happen to know and ignoring stats) is not a good one if your goal is an accurate understanding.

*allegedly knows

 

[JJSBUR]

Masters of Law in Business & Economics

How much Econ was involved?

 

[ocfightfan]

I'm not suffering. I got a pay increase and will pay less in taxes, and no, I'm not a rich guy.

 

[Trotsky]

Anyone who disagrees is a dolt ! The following goals must be agreed with or you shall be called names and told how stupid you are !
1.Abolishing ownership of all private property
2.Establishing system of heavy taxation
3.Abolishing the right to inherit
4.Centralizing credit and establishment of a state bank
5.Centralizing communication and transport with the state
6.Confiscating all emigrant and rebel property
7.Extending the means of production to the state
8.Equalizing liability to all levels of labor
9.Combining agriculture and manufacturing industries
10.Establishing a free public education system
Reasonable and intelligent conservatives all agree with the aforementioned demands.

I get that you're a troll.

But you should appreciate that I, to concede myself as a militant communist, am advocating the empirical and political expectations of the most conservative Republicans of the 20th century.

It's not radical to expect, nay to beg for, basic recognition of facts. That should be the goal of every persons with interests in policy, the country, humanity, etc.

I'm not suffering. I got a pay increase and will pay less in taxes, and no, I'm not a rich guy.

Well, that settles it.

How were you doing c. 2007?

 

[Jack V Savage]

He gets credit for the tax cuts because that was his policy and Congress and acted it. Congress did not repeal Obamacare in Congress did not approve funding for the wall. Pretty simple. I don't think you can speak to any specific Obama Economic Policy because I'm not even sure what they were. Consumer confidence is way up under Trump and people are spending more money. It's irrefutable. What specific economic policies of the Obama era do you believe help our country grow?

You should look up some of this stuff before publicly commenting. Also note that consumer confidence is actually measured (and is flat since the election--was already high).