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Chasstev365

(5,191 posts)
Wed Sep 27, 2017, 06:39 PM Sep 2017

The Democrats Message on Purposed Tax Cuts:

We gave the upper 1% trillions of dollars in tax cuts under George W. Bush. So where were all the jobs that were supposed to have trickled down to rest of us? We've tried this approach numerous times and IT NEVER WORKS!

Maybe it's time for the rich to pay their fare share for a change!

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The Democrats Message on Purposed Tax Cuts: (Original Post) Chasstev365 Sep 2017 OP
Tax cuts do not grown the economy or pay for themselves Gothmog Sep 2017 #1
The "pay for themselves" argument is truly insane unblock Sep 2017 #2
Proposed by the griftiest, cheapest, money grubbingest rich ahole in history. bullimiami Sep 2017 #3

unblock

(52,116 posts)
2. The "pay for themselves" argument is truly insane
Wed Sep 27, 2017, 06:52 PM
Sep 2017

Roughly speaking, cut taxes 10% (from 39.6% to 35% is actually *more* than a 10% cut) and you need the economy to grow by about 10% to break even.

That's really nuts, no one seriously thinks a tax cut like that would boost the economy by more than one single percent at most. 10% is just crazy.

Think about it, are there really investments the size of one tenth of the entire economy waiting to be made that aren't because the top rate is 39.6%, but suddenly it all would happen at 35%??

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