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unblock

(56,103 posts)

5. the math makes it obvious. cut the tax rate in half, the economy needs to *double* to pay for it

Reply to still_one (Original post)

Wed Apr 26, 2017, 08:38 AM

Apr 2017

over-simplifying a bit, but if you cut tax rates by even just 10% (e.g., top rate going from 40% to 36% is a 10% cut) then the economy must grow by an additional 10% in order to offset this.

a 10% increase in the economy is more than double any economist's wildest fantasy of the effects of a huge tax cut, and changing rates from 40% to 36% wouldn't even qualify.

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The tax plan will pay for itself with economic growth, Steven Mnuchin [View all] still_one Apr 2017 OP

he should take his comedy routine to vegas spanone Apr 2017 #1

GOP Biz Model,,,,,,,, Cryptoad Apr 2017 #9

That is exactly what GW Bush said world wide wally Apr 2017 #2

His Dad realized what a disaster it was when he saw the deficits, and increased taxes in 1990 still_one Apr 2017 #7

I thought I had heard that song and dance before! Cryptoad Apr 2017 #11

Yeah we haven't seen that disaster movie before. onecaliberal Apr 2017 #3

My question is "Where in the hell are all of those people that screamed about Obama's spending". tonyt53 Apr 2017 #4

the math makes it obvious. cut the tax rate in half, the economy needs to *double* to pay for it unblock Apr 2017 #5

Well, yeah, if no one's fired. HughBeaumont Apr 2017 #6

How many times are we supposed to believe that lie? kentuck Apr 2017 #8

The Democrats have to stand up to this garbage. It also won't surprise me if they go after the still_one Apr 2017 #10

I think thats a safe bet,,,,,,, Cryptoad Apr 2017 #13

Break out the shovels. shockey80 Apr 2017 #12

More trickle-down economics; piss on the 99%. nt El Mimbreno Apr 2017 #14

It worked great in Kansas... Hugin Apr 2017 #15