"50% of Firms Say They'll Hire More People if Tax Cuts Pass"
Put that in your pipe and smoke it, libs!
Yup, in an ideal world that would be my preference as well.
But when you don't live in an ideal world, you take what you can get.
Sales generate taxes which the corps pay to the government.
Seems like there is a popular tax plan which reads that way but the government is so addicted to using our money and resources to suit their personal needs for power that this will be a very tough sell.
Most of you don't believe what you can read for yourselves with a little research. Mind you, I am not talking about all the illegal, by virtue of being unConstitutional, "laws" that will be cited as answers to my post.
I am talking about what is the real intention of the founders and the real laws they wrote.
"The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defense and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;"
Sixteenth Ammendment to the US Constitution
"The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration."
But remember who you're dealing with here........the ultimate conspiracy theory believer.
It took a socialist mindset in front of a sheepish electorate.
That might be true, but even Article 1, section 8 doesn't preclude an individual income tax.
After all, if you currently pay $100/year in taxes and the new bill calls for you to pay $150/year in taxes, that's a 50% increase, even though it's only $4/per month.
So what you're doing is commonly referred to as lying using statistics.
K Cummings's Link
It should be noted that the chart in question was 1 of 5 charts (at link) showing projections for 2019, 2021, 2023, 2025, and 2027. The charts are very different in terms of "projected" impact, the 2027 chart of course being the worse. The charts for 2019 and 2021 show something quite different.
Furthermore, the charts appear to only deal in static tax assumptions, and do not address anything relating to the jobs and income segment of what a plan like this is intended to create.
It should also be noted that government projections have proven to be very inaccurate one year out, and 10 years out is simply fantasy...regardless of which side of the isle the projections are coming from.
"........the ultimate conspiracy theory believer. "
Says the ultimate conspiracy theory denier!!
In the face of all the information leaking out about just the Clinton conspiracies alone, who has a better record, Nva!?!
Have you ever noticed that when people claim to know the real intent of certain things in the constitution, those "intents" always seem to directly coincide with the particular agenda being advanced.
To me, Article 1, Section 8 is pretty clear in terms of what the government has the power to do regarding taxation.
A growing economy generates more tax revenue. That is not in question. The spending is always the issue. Spending, i.e. entitlement spending, must be dealt with or no amount of tax increases will EVER solve the deficit or debt problem.
In a capitalist system,ALL economics is trickle down economics. Suggesting otherwise is nothing more than attempting to pit one socioeconomic class against another for political gain.
Nor did I suggest it was in question. Our legislators continue to only focus on one side of the equation, while ignoring the other side. Wash, rinse, and repeat.....
So why did you suggest the following?
This tax plan is just another regurgitated attempt at trickle-down economics."
So if you admit that the reducing taxes and growing the economy will increase revenue, why do you then suggest that "this tax plan" is the problem and that it is nothing more than "trickle down economics?"
It's akin to suggesting that if a family continually spends more than they make, getting a raise is somehow the cause.
Late to the party, I guess. What is the repubs excuse? As self-professed fiscal conservatives, this tax bill should be anathema on bowsite.
No poor man ever gave another man a good paying job, and no government has ever created wealth for their people by taxing their income and spending their money for them.
With that said, I have no idea if this tax plan is good or bad. It is damn near impossible to get a good read on anything these days.
I do know that $20 TRILLION dollars is a boat load of money and the current level of tax revenues will never pay that debt off without major changes in spending habits and/or a big increase in revenues, and even then it is questionable if it will ever be paid off...JMO
FWIW, the CBO scoring on this sort of stuff is an absolute joke.
As has been noted, they use 'static' scoring, which assumes investors, consumers and employers do nothing to change their actions and behaviors when legislation such as this becomes law.
That assumption is 100% crappola, as employers in particular make dramatic changes in their actions and behaviors as noted above. They hire more people, who then pay taxes. They sell more stuff, which means the sellers of that stuff pay more taxes when they sell that stuff. Then their income and profits increase, meaning they pay more taxes than what the CBO's static scoring assumes.
We are NOT at full employment. But as an uninformed idiot, you wouldn't know that.
Millions of people simply quit looking for jobs during the Obama years. As a result, they do not factor into the unemployment rates the media refers to because the Feds only count you as unemployed if you are unemployed but actively looking for work.
I have to take a drug screen to GET a job where they confiscate part of the money I earn to pay for recipients of government largess, so it's only fair that they should have to pass the same test to receive it! I mean what they hell, I'M the one working for it, all they do is get it just for being them!