"a non-partisan group"
Totally legit and credible.
| Gourmet said: "a non-partisan group" Totally legit and credible. |
Tax Foundation is generally regarded as a non-partisan group. If anything, they typically skew to the right, favoring businesses.
Besides, no matter the source, this is pure common sense. Trump is proposing massive tax cuts, but has proposed no major spending cuts. Obviously, that's going to add a lot to the debt. Basic math.
| Soundwave said:
Say what you want about the Clintons, but they know how to run an economy. |
Well... yeah... not counting the caving in to special interest groups to allow tons of deregulation that would greatly contribute to the collapse of the economy...
Yes, make America great again.
Clinton is as bad as trump.
It's scary that such a sizable chunk of America buy into statements like that when in reality they've done no proper research.
"Trump's Tax Plan Would Add $5.3 Trillion To National Debt"
If he has his way, that is, which is unlikely.
JWeinCom said:
Tax Foundation is generally regarded as a non-partisan group. If anything, they typically skew to the right, favoring businesses. Besides, no matter the source, this is pure common sense. Trump is proposing massive tax cuts, but has proposed no major spending cuts. Obviously, that's going to add a lot to the debt. Basic math. |
Whooops it looked so click-baity I didnt bother checking if there was a source stated. It's The Committee for a Responsible Federal Budget, dunno who they are though.
Also the fourth paragraph "When Trump introduced his economic plan last week, he vowed that his tax cuts would be paid for partly by triggering record economic growth. The committee was skeptical and presumed these steps would generate no new growth."
How does that even make sense? No growth from tax reducing? We're expected to believe the money will go under someone's bed? This article IS click-bait.
the-pi-guy said:
Trump's previous tax plans would've cost closer to $10 trillion. So clearly, he changed it to not be so dramatic. The issue is, that the US can't afford tax cuts unless it drops a lot of spending. Most of our taxes go towards social security, medicare and the military. https://www.nationalpriorities.org/budget-basics/federal-budget-101/spending/ Trump previously said he wouldn't do anything to Medicare or SS, and insists on increasing military spending. Overall that means lowering income and raising expenses, and we can't afford things as it is. |
Don't worry, Mexico will pay for the tax cuts. They just don't know it yet.
Gourmet said:
Whooops it looked so click-baity I didnt bother checking if there was a source stated. It's The Committee for a Responsible Federal Budget, dunno who they are though.
Also the fourth paragraph "When Trump introduced his economic plan last week, he vowed that his tax cuts would be paid for partly by triggering record economic growth. The committee was skeptical and presumed these steps would generate no new growth." How does that even make sense? No growth from tax reducing? We're expected to believe the money will go under someone's bed? This article IS click-bait. |
It's been shown in several studies that tax cuts don't grow the economy.
http://www.businessinsider.com/study-tax-cuts-dont-lead-to-growth-2012-9
Rich people just take those tax cuts and hoarde the money for themselves, they don't "trickle it down" to the average peons, the whole point is to keep as much for yourself as possible and push it into off-shore tax havens.
Trump and others have parroted this line of tax cuts spurs the economy for the "middle class", if that was true the middle class of today should be much more prosperous than say the 1960s when taxes on higher income brackets were far higher. But that is not the obvious reality.
Yes, the Clinton sure know how to ru(i)n the economy.
duduspace11 "Well, since we are estimating costs, Pokemon Red/Blue did cost Nintendo about $50m to make back in 1996"
http://gamrconnect.vgchartz.com/post.php?id=8808363
Mr Puggsly: "Hehe, I said good profit. You said big profit. Frankly, not losing money is what I meant by good. Don't get hung up on semantics"
http://gamrconnect.vgchartz.com/post.php?id=9008994
Azzanation: "PS5 wouldn't sold out at launch without scalpers."
| DonFerrari said: Yes, the Clinton sure know how to ru(i)n the economy. |
Yeah the 90s sure were terrible. Oh wait, they weren't.
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