The Ministry of Truth thread

#752
#752
utvolpj said:
How's all that extra tax saving treating you right now? It's paid for eventually unless there are cuts to go along with it

Tax cuts aren't for regular people and never have been. Neither are increases for that matter
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Yes indeed, tax cuts are obviously not for regular people, considering that half of Americans no longer pay a dime in actual income tax. But sure, let’s keep shifting that burden to „the rich“ (liberal definition: anyone making more than me)
 
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#753
#753
landscapingvol said:
I am curious about that as well
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I canvassed the back 1/3 if the Biden accomplishments thread to see if he had posted anything but he hasn't. It looks like he didn't post a single accomplishment in that thread. It's not a strong defense that Biden has some long term solutions.
 
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#756
#756
hog88 said:
Historically haven’t tax cuts resulted in increased federal revenue? If that’s indeed the case then tax cuts are not inflationary.
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It sounds like you are alluding to the Laffer Curve theory (supply-side economics), which Ronald Reagan ascribed to, but the answer to your question is "No."

It all boils down to, "Do tax cuts pay for themselves?"

At current tax rates, the direct revenue loss from cutting taxes almost always exceeds the indirect gain from increased economic activity or reduced tax avoidance. Cutting tax rates can, however, at least partially pay for themselves. How much depends on how people respond to tax changes.

You will often hear proponents of supply-side economics claim that tax cuts will fully pay for themselves through economic growth, but there has never been any credible data in support of that theory.

Tax cuts are inflationary, unless they are met with a corresponding reduction in government spending, but Republicans NEVER reduce spending when they are cutting taxes.
 
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#759
#759
The libs have to talk about Trump to divert from their catastrophic, **** for brains they elected. There's not one positive from that communist regime. It's a total train wreck that will take decades to recover from if the country survives at all. You libs keep talking Trump though. 🤣
 
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#760
#760
InVOLuntary said:
The libs have to talk about Trump to divert from their catastrophic, **** for brains they elected. There's not one positive from that communist regime. It's a total train wreck that will take decades to recover from if the country survives at all. You libs keep talking Trump though. 🤣
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It is so transparent that Butch Jones could gameplan for it.
 
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#762
#762
Of course the MAGA Cult opposes the Disinformation Governance Board since their leader and Fox News are the biggest purveyors of disinformation and their supporters and viewers will believe anything you tell them.
 
#763
#763
TN Ribs said:
Of course the MAGA Cult opposes the Disinformation Governance Board since their leader and Fox News are the biggest purveyors of disinformation and their supporters and viewers will believe anything you tell them.
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Just look at the Dow, food prices, gas prices, etc. if you want some pure truth.
 
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#764
#764
allvol123 said:
Just look at the Dow, food prices, gas prices, etc. if you want some pure truth.
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Once again, if you don't think that inflation would be just as bad right now in Trump's 2nd term, then you really don't know what you're talking about.

The most inflationary measure an administration can take is to push massive tax cuts while simultaneously increasing government spending.

^^^^ That is precisely what Trump did... and this was done at a time of economic expansion in 2017 and 2018, when stimulus wasn't needed.

Republicans think that there is never a bad time to cut taxes. George W. Bush cut taxes and then took us into 2 prolonged wars, and a very costly struggle to safeguard against terrorism.

Granted, GWB couldn't have predicted 9/11, and Trump couldn't have predicted COVID, but still ...

If you want to play the blame game, it should be pretty easy to see which two presidencies over the last 20 years were most responsible for inducing inflationary pressures. It's Bush and Trump - the two administrations who cut taxes, just before two calamities began, that required massive spending to cope with.

I'm just pointing out how ridiculous it is for Republicans to pretend to be outraged by inflation now .... after the significant role your presidents have played in its current creation.
 
#765
#765
TN Ribs said:
Of course the MAGA Cult opposes the Disinformation Governance Board since their leader and Fox News are the biggest purveyors of disinformation and their supporters and viewers will believe anything you tell them.
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If by maga cult you mean the founding fathers then you'd be correct. I don't need the govt filtering info and delivering what they think I need to hear
 
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#766
#766
BowlBrother85 said:
Once again, if you don't think that inflation would be just as bad right now in Trump's 2nd term, then you really don't know what you're talking about.

The most inflationary measure an administration can take is to push massive tax cuts while simultaneously increasing government spending.

^^^^ That is precisely what Trump did... and this was done at a time of economic expansion in 2017 and 2018, when stimulus wasn't needed.

Republicans think that there is never a bad time to cut taxes. George W. Bush cut taxes and then took us into 2 prolonged wars, and a very costly struggle to safeguard against terrorism.

Granted, GWB couldn't have predicted 9/11, and Trump couldn't have predicted COVID, but still ...

If you want to play the blame game, it should be pretty easy to see which two presidencies over the last 20 years were most responsible for inducing inflationary pressures. It's Bush and Trump - the two administrations who cut taxes, just before two calamities began, that required massive spending to cope with.

I'm just pointing out how ridiculous it is for Republicans to pretend to be outraged by inflation now .... after the significant role your presidents have played in its current creation.
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Evidently the most inflationary thing you can do is to push a BS energy policy. Check your prices on everything. You people can’t even admit how stupidly this administration operates.

Sorry, this historically bad inflation is on your boy.
 
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#767
#767
allvol123 said:
Evidently the most inflationary thing you can do is to push a BS energy policy. Check your prices on everything. You people can’t even admit how stupidly this administration operates.

Sorry, this historically bad inflation is on your boy.
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Wrong.

It is on the Presidents who were responsible for massive tax cuts, just before taking us into two prolonged wars, a costly homeland struggle against terrorism and a pandemic. Trump's tax cuts were particularly egregious, because they weren't needed at the time they were passed. We were already in the throes of an economic expansion.

You ignorant people think inflation of this magnitude happens instantly. It doesn't.
 
#769
#769
BowlBrother85 said:
Once again, if you don't think that inflation would be just as bad right now in Trump's 2nd term, then you really don't know what you're talking about.

The most inflationary measure an administration can take is to push massive tax cuts while simultaneously increasing government spending.

^^^^ That is precisely what Trump did... and this was done at a time of economic expansion in 2017 and 2018, when stimulus wasn't needed.

Republicans think that there is never a bad time to cut taxes. George W. Bush cut taxes and then took us into 2 prolonged wars, and a very costly struggle to safeguard against terrorism.

Granted, GWB couldn't have predicted 9/11, and Trump couldn't have predicted COVID, but still ...

If you want to play the blame game, it should be pretty easy to see which two presidencies over the last 20 years were most responsible for inducing inflationary pressures. It's Bush and Trump - the two administrations who cut taxes, just before two calamities began, that required massive spending to cope with.

I'm just pointing out how ridiculous it is for Republicans to pretend to be outraged by inflation now .... after the significant role your presidents have played in its current creation.
Click to expand...
Nevermind that tax revenues increased each year under the Trump Administration.
 
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#770
#770
BowlBrother85 said:
Wrong.

It is on the Presidents who were responsible for massive tax cuts, just before taking us into two prolonged wars, a costly homeland struggle against terrorism and a pandemic. Trump's tax cuts were particularly egregious, because they weren't needed at the time they were passed. We were already in the throes of an economic expansion.

You ignorant people think inflation of this magnitude happens instantly. It doesn't.
Click to expand...

have another drink.

It is on THIS president.
 
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