Ultimate College Softball
Register Calendar Latest Topics
 
 
 


Reply
  Author   Comment   Page 6 of 6     «   Prev   3   4   5   6
uwApoligist

Registered:
Posts: 6,853
Reply with quote  #151 
Quote:
Originally Posted by DeWillie
If Trump tax cuts suppress revenue

That has never happened in a past tax cut.  Actually the reverse happens, revenue's go up.  See Kennedy Tax Cuts, See Reagan Tax Cuts.

__________________
Can always tell when fresh is drunk and tired. Gets low energy and says 'sh1t' a lot,
pabar61

Registered:
Posts: 9,518
Reply with quote  #152 
Quote:
Originally Posted by Will_I_Wynn
Last Clinton revenue budget   - $1.99 Trillion, 75% higher than eight years earlier  REPUBLICAN CONGRESS
Last Bush revenue budget year before crash    - $2.52 Trillion, 21% higher than eight years earlier  DEMOCRAT CONGRESS
Last Obama revenue budget   - $3.64 Trillion, 73% higher than $2.1 Trillion of crash year.  REPUBLICAN CONGRESS


If Trump tax cuts suppress revenue by any significant factor, growing our way out of this debt will be next to impossible.


#Deweylies
pabar61

Registered:
Posts: 9,518
Reply with quote  #153 
Quote:
Originally Posted by uwApoligist

That has never happened in a past tax cut.  Actually the reverse happens, revenue's go up.  See Kennedy Tax Cuts, See Reagan Tax Cuts. 


Dewey knows this but he has to lie to try to win the argument.  It's never worked before - not sure why he thinks it will this time.


Fresh

Registered:
Posts: 2,144
Reply with quote  #154 
Quote:
Originally Posted by pabar61


As usual, Dewey the coward is lying.

Mulvaney is arguing that restructuring the tax code will probably result in short-term additions to the deficit but that it's the only way in the long run to sustain 3%+ GDP growth.

Dewey got his lying talking points from various left-wing sites and continues to lie using a second handle which he previously scolded others for doing.

Nobody should read anything that Dewey/Will-I-Win writes because everything he writes is un-truthful.


And yet, you can't resist the urge to answer. WTF?
Will_I_Wynn

Registered:
Posts: 145
Reply with quote  #155 
Between 2000 and 2009, Government revenue decreased year to year on five different occasions.  Unprecedented.  I happen to believe large Bush tax cuts contributed to the suppression, or actual decrease, of annual revenue.

https://www.thebalance.com/current-u-s-federal-government-tax-revenue-3305762

__________________



End of FY 2001, which was Pres Clinton last year, debt was $5.8T.
See next link.

End of FY 2009, which is last year applicable to Pres Bush, debt was $11.9T or more than doubled.
See here - https://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm

Eight years under Obama deficits total about $7T.
See here - https://www.usgovernmentspending.com/federal_deficit

Understand debt goes up higher than total deficits.
Explained here - https://www.forbes.com/sites/stancollender/2014/11/04/there-is-no-budget-conspiracy-why-federal-debt-increases-by-more-than-the-deficit/



pabar61

Registered:
Posts: 9,518
Reply with quote  #156 
Quote:
Originally Posted by Fresh


And yet, you can't resist the urge to answer. WTF?


It's a full-time job responding to his lies.  If people wouldn't read them, there would be no need to do that job.
pabar61

Registered:
Posts: 9,518
Reply with quote  #157 
Quote:
Originally Posted by Will_I_Wynn
Between 2000 and 2009, Government revenue decreased year to year on five different occasions.  Unprecedented.  I happen to believe large Bush tax cuts contributed to the suppression, or actual decrease, of annual revenue.

https://www.thebalance.com/current-u-s-federal-government-tax-revenue-3305762


Wrong.  The Dodd-Frank "everyone gets a house" policy is squarely to blame.
Will_I_Wynn

Registered:
Posts: 145
Reply with quote  #158 
If Government revenue increases $100 billion year to year after tax cuts, one could say tax cuts were responsible for increasing Government revenue.  If Government revenue would have increased $200 billion year to year without the tax cuts, one could say tax cuts actually suppressed revenue.


https://taxfoundation.org/does-lowering-taxes-increase-government-revenue/

From the article: The big question is, what is t*? Is our current tax system below t* (at a point like t1) where decreasing tax rates decreases revenue, or is it above t* (at a point like t2) where decreasing tax rates increases revenue? It’s not an easy question to answer, because of the complications mentioned above. Additionally, if you want to look at historical tax cuts, there’s no control to compare revenues against – even if it appears that a tax cut raised government revenue, there’s no way of knowing for sure what revenues would have been without it.

__________________



End of FY 2001, which was Pres Clinton last year, debt was $5.8T.
See next link.

End of FY 2009, which is last year applicable to Pres Bush, debt was $11.9T or more than doubled.
See here - https://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm

Eight years under Obama deficits total about $7T.
See here - https://www.usgovernmentspending.com/federal_deficit

Understand debt goes up higher than total deficits.
Explained here - https://www.forbes.com/sites/stancollender/2014/11/04/there-is-no-budget-conspiracy-why-federal-debt-increases-by-more-than-the-deficit/



uwApoligist

Registered:
Posts: 6,853
Reply with quote  #159 
Quote:
Originally Posted by Will_I_Wynn
If Government revenue increases $100 billion year to year after tax cuts, one could say tax cuts were responsible for increasing Government revenue.  If Government revenue would have increased $200 billion year to year without the tax cuts, one could say tax cuts actually suppressed revenue.


https://taxfoundation.org/does-lowering-taxes-increase-government-revenue/

From the article: The big question is, what is t*? Is our current tax system below t* (at a point like t1) where decreasing tax rates decreases revenue, or is it above t* (at a point like t2) where decreasing tax rates increases revenue? It’s not an easy question to answer, because of the complications mentioned above. Additionally, if you want to look at historical tax cuts, there’s no control to compare revenues against – even if it appears that a tax cut raised government revenue, there’s no way of knowing for sure what revenues would have been without it.

How about if the year before we are in a massive stagflation because the worst possible President in the history of the world pursued every whacikjoley socialist give out.  The massive bloated and inefficient government was so burdened with fat and waste. 

Government kept having to raise taxes cause revenue kept decreasing 100 Billion .

Then tax cut.  ahhh!  In addition at the same time, cut all that fat government waste and lard.  It was like manna from heaven.  pure gold.  Economy takes off like a shot.  Everyone gets job.  America becomes great.  Government looks in their wallet at the end of the year and there is 100 Billion extra dollars. 

That is how it always works.  Run that through t* math silliness. 

__________________
Can always tell when fresh is drunk and tired. Gets low energy and says 'sh1t' a lot,
Previous Topic | Next Topic
Print
Reply

Quick Navigation:

Easily create a Forum Website with Website Toolbox.