Originally Posted by Guest

As GOP hands them billions, Wells Fargo CEO admits he won't help workers | Shareblue Media

I thought they were going to???

Originally Posted by Guest

Can you explain to me the advantages in cutting taxes without cutting spending? It same as not making a monthly credit card bill. You still have to pay it but now there is more interest. as far as it will pay for itself, if it so great an idea why don't we cut taxes 10 fold so we all get rich.

Sure, it's actually not that difficult to understand if you have an open mind.

And no, it's not the same as paying the minimum on your credit card bill.

Lowering corporate taxes gives corporations the incentive to base their operations here as opposed to countries where the corporate tax rate is much lower. That creates more jobs in this country. All of those workers pay taxes. Also, the corporations make more of a profit. They are tax on the amount of profit that they make.

Also because more companies are doing business here, more people are working and paying taxes. Albeit at a lower rate.

A lot of people look at this as a zero-sum game. It is not. The way a lot of people see it is that there is a pie and the government is going to take a smaller piece of that pie so how can they make more money. The answer is that by cutting taxes, we make the pie bigger. They take a smaller percentage of a much bigger pie. The net amount is more than the larger percentage of the smaller pie.

But, I do agree that government spending is completely out of control. Unfortunately, Congress uses spending as a way to get re-elected and to keep their party in power. It's often said that most Americans hate Congress, but love their representative and senator. That's because the reps and senators, "bring home the bacon". They bring money back home to your state and district. The bring projects and jobs. The problem is that the bacon that they bring home was called pork when it was attached to whatever unrelated bill that they stuck it on. Much of these projects are unnecessary or should be dealt with on the state level. But then they wouldn't get any credit. So they take money from the state, take out a percentage and then "bring home the bacon".

All of this takes place because we don't determine a firm budget at the beginning of the year. We need a balanced budget amendment to the Constitution if this overspending is ever going to stop. We need to determine how much we're going to take in and how much we can spend. Then that amount needs to be divided up. It's the same way you run your household. It's the same way that businesses are run. These are simple rules of budgeting, but our government doesn't play by rules. This tax cut will increase revenues to the government like every other tax cut has and Congress will spend more than they take in.

Actually reducing the corporate tax rate to zero would reduce prices on consumer goods and services across the board.

People need to start understanding that blaming the big bad corporations for not paying enough taxes is political theater. it's helpful if you understand that corporations and other businesses don't actually pay taxes. They simply collect the money from the ultimate consumer and pass it on to the government. All tax money that makes it's way into the hands of the government comes from the ultimate consumer. It's built into the price of goods and services. Corporate tax is actually nothing more than a big sales tax. You and I pay the coroporate taxes. Get rid of corporate taxes and prices of consumer goods and services would come down across the board, effectively putting more money into our pockets.

Originally Posted by Guest

The way you wrote that paragraph, I doubt you make 300k.

Obama made 10 trillion disappeared. His employment numbers were fixed and wages were a joke.

Yes. Iran and North Korea did well under Barry.

Hezbollah had their best 8 years ever, thank you President Obama.

Obama was busy paying off the two wars Bush put on the credit card, pulling the nation out of the worst recession in its history, rescuing the auto industry, and giving the orders to take out bin Laden.

Iran and North Korea were pretty darn quiet when Obama was President, because they feared the United States. Now that they know this country is run by a moron, they feel free to act up.

Originally Posted by Guest

Sure, it's actually not that difficult to understand if you have an open mind.

And no, it's not the same as paying the minimum on your credit card bill.

Lowering corporate taxes gives corporations the incentive to base their operations here as opposed to countries where the corporate tax rate is much lower. That creates more jobs in this country. All of those workers pay taxes. Also, the corporations make more of a profit. They are tax on the amount of profit that they make.

Also because more companies are doing business here, more people are working and paying taxes. Albeit at a lower rate.

A lot of people look at this as a zero-sum game. It is not. The way a lot of people see it is that there is a pie and the government is going to take a smaller piece of that pie so how can they make more money. The answer is that by cutting taxes, we make the pie bigger. They take a smaller percentage of a much bigger pie. The net amount is more than the larger percentage of the smaller pie.

But, I do agree that government spending is completely out of control. Unfortunately, Congress uses spending as a way to get re-elected and to keep their party in power. It's often said that most Americans hate Congress, but love their representative and senator. That's because the reps and senators, "bring home the bacon". They bring money back home to your state and district. The bring projects and jobs. The problem is that the bacon that they bring home was called pork when it was attached to whatever unrelated bill that they stuck it on. Much of these projects are unnecessary or should be dealt with on the state level. But then they wouldn't get any credit. So they take money from the state, take out a percentage and then "bring home the bacon".

All of this takes place because we don't determine a firm budget at the beginning of the year. We need a balanced budget amendment to the Constitution if this overspending is ever going to stop. We need to determine how much we're going to take in and how much we can spend. Then that amount needs to be divided up. It's the same way you run your household. It's the same way that businesses are run. These are simple rules of budgeting, but our government doesn't play by rules. This tax cut will increase revenues to the government like every other tax cut has and Congress will spend more than they take in.

Actually reducing the corporate tax rate to zero would reduce prices on consumer goods and services across the board.

People need to start understanding that blaming the big bad corporations for not paying enough taxes is political theater. it's helpful if you understand that corporations and other businesses don't actually pay taxes. They simply collect the money from the ultimate consumer and pass it on to the government. All tax money that makes it's way into the hands of the government comes from the ultimate consumer. It's built into the price of goods and services. Corporate tax is actually nothing more than a big sales tax. You and I pay the coroporate taxes. Get rid of corporate taxes and prices of consumer goods and services would come down across the board, effectively putting more money into our pockets.

A company making significant profits in a foreign country is not going to move back to the USA just to pay less taxes -their labor costs are less overseas, their factories are overseas...why pay to move? Do you think Ivanka and Trump will move their factories away from China, Mexico, and Indonesia where they pay workers $62 a week?

Originally Posted by Guest

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.

And every single time that tax cut has been followed within a year by a recession.

Tax cut could push the U.S. into recession, says Paulsen - MarketWatch

The Republican Tax Plan Is a Recession Waiting to Happen | Vanity Fair

Tax Cuts Don't Lead to Economic Growth, a New 65-Year Study Finds - The Atlantic

Originally Posted by doughete

Can you explain to me the advantages in cutting taxes without cutting spending? It same as not making a monthly credit card bill. You still have to pay it but now there is more interest. as far as it will pay for itself, if it so great an idea why don't we cut taxes 10 fold so we all get rich.

I thought you were happy with the tax cut (That's what you said in the main street media thread)...seems as though you were you lying.

I hope we are going to cut spending...lets start with all those entitlement programs...work or starve by gosh!

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Originally Posted by tithead

Obama was busy paying off the two wars Bush put on the credit card, pulling the nation out of the worst recession in its history, rescuing the auto industry, and giving the orders to take out bin Laden.

Iran and North Korea were pretty darn quiet when Obama was President, because they feared the United States. Now that they know this country is run by a moron, they feel free to act up.

Obamma was busy playing golf and brown nosing the Clintons. That stupid fvck rescued the unions of the auto industry (he screwed GM Senior Bond holders out of the money GM owed them).

You think Kim built that NK rocket program in the last 6 months??Obamma sucked North Korea's cock for 8 years while they built that program.

Obamma was no hero!


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Originally Posted by Tithead

A company making significant profits in a foreign country is not going to move back to the USA just to pay less taxes -their labor costs are less overseas, their factories are overseas...why pay to move? Do you think Ivanka and Trump will move their factories away from China, Mexico, and Indonesia where they pay workers $62 a week?

"Why pay to move?"
Because it costs money to ship the product to the USA...

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Originally Posted by Tithead

And every single time that tax cut has been followed within a year by a recession.

Tax cut could push the U.S. into recession, says Paulsen - MarketWatch

The Republican Tax Plan Is a Recession Waiting to Happen | Vanity Fair

Tax Cuts Don't Lead to Economic Growth, a New 65-Year Study Finds - The Atlantic

You better sell your inefficient home built on a swamp, and buy precious metals like gold and silver!!

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Originally Posted by Guest

And every single time that tax cut has been followed within a year by a recession.

Tax cut could push the U.S. into recession, says Paulsen - MarketWatch

The Republican Tax Plan Is a Recession Waiting to Happen | Vanity Fair

Tax Cuts Don't Lead to Economic Growth, a New 65-Year Study Finds - The Atlantic

Because Congress overspent their income. Every tax cut produced more revenue for the federal government.

Originally Posted by Guest

A company making significant profits in a foreign country is not going to move back to the USA just to pay less taxes -their labor costs are less overseas, their factories are overseas...why pay to move? Do you think Ivanka and Trump will move their factories away from China, Mexico, and Indonesia where they pay workers $62 a week?

That certainly might be true with some companies, but we've already had several companies state that they will now be investing money in opening facilities here instead of going overseas.

Payroll is one cost of doing business, but locating managers, supervisors and other personnel in a foreign country is also very expensive. Then as has been mentioned there is the cost of transporting products from halfway around the world back here to be sold.

Maybe companies won't be moving overseas facilities back here right away, but there's more incentive if they intend to open new facilities, to open them here now. We had the highest corporate tax rate in the world. It made it very difficult for companies to do business here.

I think that some of Trump's companies might come back here if they see that they can make more or the same profit. Why would a company want to go through the hassle of operating a business in a third world country if it was no more profitable?

Sixty-Two dollars a week in some countries is a livable wage by the way. There are millions of people in the world who would love to make $62 a week.

Originally Posted by Dr Winston O Boogie jr

That certainly might be true with some companies, but we've already had several companies state that they will now be investing money in opening facilities here instead of going overseas.

Payroll is one cost of doing business, but locating managers, supervisors and other personnel in a foreign country is also very expensive. Then as has been mentioned there is the cost of transporting products from halfway around the world back here to be sold.

Maybe companies won't be moving overseas facilities back here right away, but there's more incentive if they intend to open new facilities, to open them here now. We had the highest corporate tax rate in the world. It made it very difficult for companies to do business here.

I think that some of Trump's companies might come back here if they see that they can make more or the same profit. Why would a company want to go through the hassle of operating a business in a third world country if it was no more profitable?

Sixty-Two dollars a week in some countries is a livable wage by the way. There are millions of people in the world who would love to make $62 a week.

I give you credit Doctor.

These people do not understand economics and certainly zero about the third world.

Wait till they see the 3rd quarter 2018 economic numbers. They will all be off the charts, especially the hard asset expenditure.

Just in time for the big midterm exams!

Originally Posted by Guest

How much money are they giving to the Russians? It is our day today, the people who love this country and read and listen to the foolishness of many. Carry on. All your tears couldn't drown out our progress. Carry on you fools.

STOP TO THINK- In our PRESS that we all rely on for VALID information, the RUSSIANS have changed from being our ally to being evil incarnate. THEY HAVE NOT CHANGED-OUR PRESSE'S MANIPULATION OF YOUR THOUGHTS HAS.

As to the current CLAIMED Trump CLAIMED collaboration with the Russians. STOP TO THINK-why would the Russians prefer Trump in the White House over Hillary?
The Hillary Obama deal to sell/GIVE 20% of America's uranium to the Russians confirms SHE can be HAS BEEN BOUGHT.

HOW SAD THAT IN YOUR MIND ANYONE WHO DISAGREES WITH YOU IS A FOOL.

Originally Posted by Guest

"Why pay to move?"
Because it costs money to ship the product to the USA...

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Much of manufacturing etc is now done by robots. It does not cost any more to run a robot in the United States over running it in China etc.

The pay raises that some cheer. The fact that our Fed says they want a 2% rate of inflation-they are related. If, you want a rude awakening look up the national debt clock. Look at what the AVERAGE American as saved and what he owes. It is an average. As I recall, look time since I could collect my courage to look. Savings was $2,000 debt was 180,000. At 2% inflation he looses
2,000x .02=40 but what he owes IN REAL DOLLARS is reduced by 180,000x.02=3,600. As to debtors, the acknowledged national debt is 20 TRILLION DOLLARS-hum at a 2% reduction in REAL DOLLARS.

WHY do they so fear disinflation? The REAL VALUE of the dollar ould go up. You could buy more with each dollar.
Why the fear re-read above average American has 2,000 saved and owes 180,000.

When it gets to the TEN TRILLION that the Obama administration ALLOWED to be added to the national debt-YOUR SHARE IS 85,000.

We are coming to the new budget under the Trump Administration. The PLAN is to add still more to the national debt-print valueless money. This was all done before. German currency from WWII even the German GOVERNMENT will not honor it. You can buy that scrap paper on the internet. PERHAPS, we should all buy some and frame it to remember what will happen.

Originally Posted by Guest

Because Congress overspent their income. Every tax cut produced more revenue for the federal government.

Actually, the Reagan tax cuts produced the highest % deficit ratio of GDP in history. He then RAISED taxes 4 more times......What we learned from Reagan’s tax cuts