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-   -   Tax Cut Has Arrived (https://www.talkofthevillages.com/forums/villages-florida-non-villages-discussion-93/tax-cut-has-arrived-254630/)

stan the man 02-03-2018 10:29 AM

Not to worry, the government gives with one hand and take it with the other. They give you a reduction in the taxes you pay and then raise the interest rates so inflation kicks in great move thanks again Washington

Bucco 02-03-2018 10:54 AM

Quote:

Originally Posted by stan the man (Post 1511774)
Not to worry, the government gives with one hand and take it with the other. They give you a reduction in the taxes you pay and then raise the interest rates so inflation kicks in great move thanks again Washington

Yes.....I was surprised yesterday at the speed in which this was reflected in the market.

dillywho 02-03-2018 11:02 AM

Quote:

Originally Posted by 8notes (Post 1511713)
Wrong - experts are giving that a huge question mark - Tax cuts in 1981 and the early 2000s widened deficits. With the new cuts the Treasury will be burning through cash reserves faster than usual. A shortfall of $136 billion is expected due to the tax cuts this year alone. Conservative estimates are that the federal deficit will increase by $2 trillion in the first 10 years. Very few economists are saying the revenue loss would be fully offset with revenue growth. The people spouting this magical thinking are politicians.

Even so, that still beats 10 trillion-plus in 8 years. At least it is because Americans are seeing benefits from it instead of watching the debt rise because we keep shipping money overseas, in the name of "helping" them, to countries who hate our guts.

dillywho 02-03-2018 11:05 AM

Quote:

Originally Posted by Bucco (Post 1511778)
Yes.....I was surprised yesterday at the speed in which this was reflected in the market.

Sorta reminds me of gas prices in reverse; leap up overnight, go down pennies at a time. :jester:


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