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WHAT!!!!! This Can't Be True.........Ask Any Democrat........


DannyZuco

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So much for the democratic mantra of saying it was just a cut for the wealthy, and yet revenues are up, and congress has more money to spend. And that includes a 2 year "curve" with the pandemic that shut everything down, which should have NEVER happened......wonder how much money the government would have to spend if the democrats hadn't shut the economy down......Makes you wonder.....

 

https://www.msn.com/en-us/news/politics/it-s-official-trump-s-tax-cuts-paid-for-themselves/ar-AA16y1Ge?cvid=5089554225bc40468b873e0251b5dd14

The latest Congressional Budget Office report released earlier this month calculated that the federal government collected $4.9 trillion of federal revenue last year. This was up — ready for this? — almost $1.5 trillion since 2017, the year before the tax cuts became law.

In other words, revenues were up 40% in five years. The evidence through the first three years of the tax cut finds that the share of taxes paid by the wealthiest 1% rose as well. So much for this being a tax giveaway for the rich.

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And now we have a Senator--using the Liberal technique of telling falsehoods.....And I am sure that our local parrots will pick up on this and parrot it. When the proof is in the facts above.

Elizabeth Warren is a BOLD FACED LIAR and anyone who agrees with her should be taken behind the shed and spanked.

 

https://www.msn.com/en-us/news/politics/sen-elizabeth-warren-s-debt-limit-whopper/ar-AA16KhXe?cvid=dc9627d3791d4ce6af6faa24bc61827a

This week, the Massachusetts Democrat tweeted, “If Republicans hadn’t spent nearly $2 trillion on the Trump tax cuts, and if they hadn’t made it easier for rich people to cheat on their taxes, the US wouldn’t need a debt ceiling increase this year. Or next year.”

Instead, Biden and the Democrats added $5 trillion to the national debt with their American Rescue Plan, Inflation Reduction Act, and other misnamed spending splurges. 

She needs to read the FACTS:

The first is that the 2017 tax cuts did not lower revenues but boosted them. As two of the bill’s authors, Tyler Goodspeed and Kevin Hassert, noted last May, the new tax rates lifted business investment and capital expenditures by 9.4% and 20%, respectively, raised household income, elevated corporate tax revenue $46 billion higher than the Congressional Budget Office forecast, increased corporate tax revenue’s share of the economy by 21%, and prompted companies to bring overseas earnings back to America rather than stashing them abroad.

Total federal tax revenues rose 22% between 2017 and 2021. So, it isn’t reduced revenues that are now pushing congressional heads painfully up against the debt ceiling, as Warren implies.

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On 1/20/2023 at 1:26 PM, DB2point0 said:

History has proven after tax cuts that the economy grows pretty well.  

Tax cuts for the middle class will more likely work.  They will spend it more.  

 

Plus, if the people use the tax cuts to pay down their personal debts, which would be the smartest move, it doesn't stimulate the economy as much as spending it on new products and goods.  

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18 minutes ago, BlahBlah said:

 

 

Plus, if the people use the tax cuts to pay down their personal debts, which would be the smartest move, it doesn't stimulate the economy as much as spending it on new products and goods.  

You know good and well nobody is going to that.....

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56 minutes ago, BlahBlah said:

Tax cuts for the middle class will more likely work.  They will spend it more.  

 

Plus, if the people use the tax cuts to pay down their personal debts, which would be the smartest move, it doesn't stimulate the economy as much as spending it on new products and goods.  

Tax cuts for corporations work as well.  They end up keeping jobs in America

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Dumb people like blahblah think Reagan was bad for cutting taxes. Reagan’s tax cuts are credited for more than 14 million new jobs over five years; incomes grew by over 22 percent for the next seven years; and the economy grew by over 3.5 percent, on average, for the rest of the decade.

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Biden has already had 2 negative quarters of gdp (definition of recession) and economists are claiming a second run of negative gdp is coming (double dip recession).  You can’t make this stuff up.  And idiots want them in office because they “understand” rainbow people and green energy 

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10 hours ago, DB2point0 said:

Dumb people like blahblah think Reagan was bad for cutting taxes. Reagan’s tax cuts are credited for more than 14 million new jobs over five years; incomes grew by over 22 percent for the next seven years; and the economy grew by over 3.5 percent, on average, for the rest of the decade.

Who blew sunshine up you? https://www.brookings.edu/blog/up-front/2017/12/08/what-we-learned-from-reagans-tax-cuts/

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9 minutes ago, BarryLaverty said:

The clown that wrote this, David Wessel, is a far left radical political hack ... calls himself an economic "journalist" ... He ranks right up there with that libtard midget Robert Reich  .... 🤣 

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1 hour ago, BarryLaverty said:

Historical facts.  He created a good economy from the pile of terd left from  the original Joe Biden.  Those stats I posted were verified, not from a question and answer session 30 years after the fact

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7 hours ago, KirtFalcon said:

The clown that wrote this, David Wessel, is a far left radical political hack ... calls himself an economic "journalist" ... He ranks right up there with that libtard midget Robert Reich  .... 🤣 

Hey! Robert Reich is my economic mentor!

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