Trump: Tax reform can create 'millions of jobs'

[DonViejo]

Source: Politico




By MADELINE CONWAY 09/05/2017 05:33 PM EDT

President Donald Trump touted his party’s tax reform push on Tuesday and argued that an overhaul that adequately reduced taxes on businesses will “create millions of new jobs.”

“We're going to reduce taxes for companies, and those companies are going to produce jobs,” Trump said in the White House, where he gathered with Republican leaders to talk taxes. “Tax reform that follows these principles will create millions of new jobs and ensure that more products are stamped with the very beautiful letters and words, ‘Made in the U.S.A.’”

“It's time to lower our taxes, bring back our wealth and make America the jobs magnet that it can become, and pretty quickly,” he added.

Congressional leaders who attended the meeting included Senate Majority Leader Mitch McConnell, House Speaker Paul Ryan, Senate Finance Committee Chairman Orrin Hatch, and House Ways and Means Committee Chairman Kevin Brady. From the administration, Vice President Mike Pence joined, as well as Treasury Secretary Steven Mnuchin, National Economic Council Director Gary Cohn, deputy chief of staff Rick Dearborn, and legislative affairs director Marc Short, according to a pool report.

Read more: http://www.politico.com/story/2017/09/05/trump-tax-reform-jobs-242347

[Chasstev365]

1. Just like under W, Ronnie Reagan, and the Rep Presidents of the 1920's!

NOT! Newsflash Trickle Down Econmics DOESN'T WORK!

[Left-over]

13. I remember those lies "trickle down" and "voodoo economics"

The only beneficiaries are the those who receive the cuts. The people who do not need it. Trickle down just means pissing on those below you on the economic scale.

[Eliot Rosewater]

2. Wrong

[Stargazer99]

21. explain yourself

[bucolic_frolic]

3. In our modern computerized full employment economy

there is simply not enough slack in the system to create millions of new jobs.

This is like saying my car can go 150mph because it does 85.

[WinkyDink]

4. Trump: "I'm saying words, but you and I know they are lies, fabrications, blah de blah blah." FIXED.

[maxsolomon]

8. "what are you gonna do about it?"

there's nary a shred of evidence to back up a single claim. he's gaslighting the planet.

[wolfie001]

5. Same crap Reagan spewed out!

No new real jobs only a declining Middle Class. Lots and lots of low pay, powerless jobs with no Union protections.

[WinkyDink]

6. Does Trump realize that lower taxes means less money for the govt?

[hedda_foil]

10. That's the beauty of it.

They don't believe in the "administrative state," and this "fix" will fix that just fine.

[jmowreader]

25. Yes, and that's the point

Your Republican believes if they defund the government enough, they can FINALLY get rid of all that nasty social spending.

Trump is planning to spend money like an aircraft carrier full of drunken sailors on a three-day shore leave in Bangkok on infrastructure, the military, the half-dozen wars he wants to start, his fucking wall, putting Ronald Reagan on Mount Rushmore, and other as-of-yet unspecified expensive pet projects...and that's not to mention the disaster relief spending he's going to have to do. PLUS he wants to balance the budget - a highly inadvisable proposition; the last time it was done the Republicans went fucking NUTS trying to figure out how to blow all that cash. Even if we zeroed out all spending outside of Trump's wish list - not just ending AFDC, TANF, Planned Parenthood, etc., etc., etc., but the entire rest of the government that isn't involved with shooting at brown people or glorifying Donald Trump - the federal government doesn't take in enough money now.

The next person I meet who claims the GOP is the "party of fiscal responsibility" is getting taken straight to a homeless shelter so he can see the effects of Republican economic policies.

[George II]

7. Well, since (thanks to Obama) we're almost fully employed, maybe we can give some of those....

....to dreamers and other immigrants.

[ashredux]

9. DEMAND FOR YOUR PRODUCT creates jobs

Give breaks to the middle class and the poor

[2naSalit]

11. ...

[cstanleytech]

12. Sure it can if its for corporations with the carrot of only companies that

pay all of their employees atleast 500% above the federal poverty level can get the lower taxes but that isnt going to happen.

[sandensea]

14. But since there are no carrots to be had from Cheeto's geniuses (most of them money launderers),

the excess proceeds will no doubt be squirreled away in the Caymans.

[cstanleytech]

16. Yup or in other overseas tax havens. nt

[sandensea]

17. If someone

could just hack into all those Caribbean and Swiss banks.

[Roy Rolling]

15. It can happen

Raise the top rate, eliminate the special interest tax shelters, and make corporations pay their taxes, and eliminate offshore tax havens.

But of course, those are the only things the "tax reform" will not include.

[Thor_MN]

18. Stimulating supply never works. I thought he was a businessman?

Guess they never taught that at Wharton?

Demand creates jobs.

[jmowreader]

19. Okay, Two Scoops...

Tell me this: If the letters and words "Made in the U.S.A." are so beautiful, why don't any of your, or your daughter's, products carry them? Any time this bastard talks about returning manufacturing to the USA, remember: His family imports every single thing they sell.

[sinkingfeeling]

20. One word: bullsh*t.

[not fooled]

22. Ho hum

Another day, another whopper from the liar-in-chief.

We can only hope that the morans who voted for this abomination are starting to wise up now.

[Liberal Veteran]

23. Reform them back to Eisenhower levels.

[TexasBushwhacker]

24. A company can effectively cut its own taxes

By employing more people and paying better wages and benefits. All those things are tax deductible. If there is enough demand for a company's product, they may choose to create jobs and expand. But to think that a company will expand without an increased demand just because their taxes are lower is ludicrous. They're free to use that found money as they please. They can pay off debts, do stock buybacks or just give the executives fat bonuses.

I had a Republican boss. He was a good guy and paid his employees well. As his bookkeeper, I knew what everyone was paid. At the end of the year, I would let him know where we were at in terms of profits and our tax bracket. If we were $20K into the next bracket, he would have me cut bonus checks for all the employees that added up to $20K. If we were $40K into the next tax bracket, the bonus checks added up to $40K. He was a frugal guy and liked to keep plenty of cash in the bank, but he HATED paying taxes and was happy to use some of the cash on hand to pay bonuses and reduce his tax bill.

[joshdawg]

26. Tax cuts will create millions of jobs.

Sounds like bullshit to me.........trickle down bullshit.
Just how stupid can republicans get?......rhetorical question.