Quote:
|
Originally Posted by Guest
The republicans told you for 8 years Obama care would ruin the economy. There has been nothing but increases in employment every month. They were wrong. They also told you it was sacrilege to increase the debt except when they are in charge. It's simple, when they cut taxes with out cutting spending it's the same as when the credit card company says it's ok to skip next month's payment. You still will have to pay the debt but now with increased interest. Lower tax rate for the top earners, cuts in inheritance and special treatment for real estate investments, explain to me how Trump won't benefit from the new tax plan. He lied to you and your cuts are set to expire. I didn't and wouldn't vote for him but I'm glad you did. My income is 300k so I feel safe the new tax plan won't hurt me.
|
Increases in employment during the Obama administration were minuscule and didn't keep up with the increases in our population. Since the election of President Trump, our economy has been growing faster than it had in over 50 years.
A rise in the debt does not correlate with a cut in taxes. It is not as simple as you make it out to be. Every time taxes have been cut in the past, from JFK to Reagan to Clinton, revenues to the government have increased. Every single time! The reason that we have deficits and this debt is that Congress outspends that additional income. The reason that Congress spends too much is that we don't have a balanced budget amendment. We don't have a pre-set amount that they are allowed to spend. That's like you ignoring the fact that your income is $300k and deciding to spend $400K anyway. You do this year after year and you develop a huge debt.
The plan has lowered the rate for corporations so that our corporations can compete with corporations in other countries. Corporations were deciding to do business elsewhere because they couldn't compete while being based here. We've already had several companies return and invest here. That translates to more jobs. That's simple.