Anonymous wrote:Anonymous wrote:I'm a liberal, but I wonder about the focus on immigration. I think we need more paths towards legalization for those that are here, but we need free ourselves from relying on cheap and exploitative labor practices. Encouraging more low skilled immigration is not ideal.
It works fine today. Anchor baby turns 18 yo and CASA de Maryland sends in the paperwork to sponsor illegal Mom and Dad for greencards.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Because even sane Democrats know there will be a gigantic price to pay. There are no free lunches. US debt has gotten out of control since 2008. Significant tax increases to address the issue will be required in the future. It's that or else giant spending programs like social security and medicare will require cuts. All of those options are politically unpalatable. They are coming though.
Oh NOW you clowns are back t being concerned about the debt? Give it a rest.
Trump is the self-proclaimed 'King of Debt'.
It exploded the most under Obama. It isn't even debatable.
Trump has that honor now and may the only president to increase the deficit in economic boom times. The deficit this year is already on track to be close to $4 trillion.
Wait...I thought that, according to the Dems, that the economy was not that great under Trump?
Who said that? The economy under Trump continued the trend from the Obama admin. I don’t think anyone disputes that Trump inherited a good economy and that it continued to be good, even if some of the metrics started trending down under Trump such as manufacturing and job growth.
You're kidding, right? How many times on this board did we hear "The stock market is not the economy", or "It's all smoke and mirrors", etc. etc.
Anonymous wrote:
3. Revenue increased after the tax cuts
You wouldn’t know it from the press coverage, but there’s some modest good news about the federal budget. The deficit is rising, but not as much as feared because tax revenues are increasing due to faster economic growth.
The Congressional Budget Office reports in its April budget review that revenues rose 2% to $2.041 trillion in the first seven months of fiscal 2019 from a year ago. Payroll tax revenue rose 4.7% due in part to rising employment and wages.
https://www.wsj.com/articles/tax-revenue-keeps-rising-11557691166
Anonymous wrote:Anonymous wrote:Anonymous wrote:Because even sane Democrats know there will be a gigantic price to pay. There are no free lunches. US debt has gotten out of control since 2008. Significant tax increases to address the issue will be required in the future. It's that or else giant spending programs like social security and medicare will require cuts. All of those options are politically unpalatable. They are coming though.
Then why did Trump and GOP give the billionaires and large corporations a big tax cut in 2017 with out of control debt? Maybe it's time they started paying taxes like the rest of us.
Just stop with this stupid liberal lies.
1. Most people in the US got a tax cut. You may not know it, but you got it. The reason you may not know it?
To a large degree, the gap between perception and reality on the tax cuts appears to flow from a sustained — and misleading — effort by liberal opponents of the law to brand it as a broad middle-class tax increase.
https://www.nytimes.com/2019/04/14/business/economy/income-tax-cut.html
2. Corporate taxes were lowered. That is NOT a bad thing.
One of the most significant provisions of the Tax Cuts and Jobs Act is the permanently lower federal corporate income tax rate, which decreased from 35 percent to 21 percent.
Prior to the Tax Cuts and Jobs Act, the United States’ high statutory corporate tax rate stood out among rates worldwide. Among countries in the Organisation for Economic Co-operation and Development (OECD), the U.S. combined corporate income tax rate was the highest. Now, post-tax reform, the rate is close to average.
A corporate income tax rate closer to that of other nations will discourage profit shifting to lower-tax jurisdictions.
New investment will increase the size of the capital stock, and productivity, output, wages, and employment will grow. The Tax Foundation Taxes and Growth model estimates that the total effect of the new tax law will be a 1.7 percent larger economy, leading to 1.5 percent higher wages, a 4.8 percent larger capital stock, and 339,000 additional full-time equivalent jobs in the long run.
Economic evidence suggests that corporate income taxes are the most harmful type of tax and that workers bear a portion of the burden. Reducing the corporate income tax will benefit workers as new investments boost productivity and lead to wage growth.
If lawmakers raised the corporate income tax rate from 21 percent to 25 percent, we estimate the tax increase would shrink the long-run size of the economy by 0.87 percent, or $228 billion. This would reduce the capital stock by 2.11 percent, wages by 0.74 percent, and lead to 175,700 fewer full time equivalent jobs.
https://taxfoundation.org/benefits-of-a-corporate-tax-cut/
3. Revenue increased after the tax cuts
You wouldn’t know it from the press coverage, but there’s some modest good news about the federal budget. The deficit is rising, but not as much as feared because tax revenues are increasing due to faster economic growth.
The Congressional Budget Office reports in its April budget review that revenues rose 2% to $2.041 trillion in the first seven months of fiscal 2019 from a year ago. Payroll tax revenue rose 4.7% due in part to rising employment and wages.
https://www.wsj.com/articles/tax-revenue-keeps-rising-11557691166
Anonymous wrote:Anonymous wrote:Because even sane Democrats know there will be a gigantic price to pay. There are no free lunches. US debt has gotten out of control since 2008. Significant tax increases to address the issue will be required in the future. It's that or else giant spending programs like social security and medicare will require cuts. All of those options are politically unpalatable. They are coming though.
Then why did Trump and GOP give the billionaires and large corporations a big tax cut in 2017 with out of control debt? Maybe it's time they started paying taxes like the rest of us.
To a large degree, the gap between perception and reality on the tax cuts appears to flow from a sustained — and misleading — effort by liberal opponents of the law to brand it as a broad middle-class tax increase.
One of the most significant provisions of the Tax Cuts and Jobs Act is the permanently lower federal corporate income tax rate, which decreased from 35 percent to 21 percent.
Prior to the Tax Cuts and Jobs Act, the United States’ high statutory corporate tax rate stood out among rates worldwide. Among countries in the Organisation for Economic Co-operation and Development (OECD), the U.S. combined corporate income tax rate was the highest. Now, post-tax reform, the rate is close to average.
A corporate income tax rate closer to that of other nations will discourage profit shifting to lower-tax jurisdictions.
New investment will increase the size of the capital stock, and productivity, output, wages, and employment will grow. The Tax Foundation Taxes and Growth model estimates that the total effect of the new tax law will be a 1.7 percent larger economy, leading to 1.5 percent higher wages, a 4.8 percent larger capital stock, and 339,000 additional full-time equivalent jobs in the long run.
Economic evidence suggests that corporate income taxes are the most harmful type of tax and that workers bear a portion of the burden. Reducing the corporate income tax will benefit workers as new investments boost productivity and lead to wage growth.
If lawmakers raised the corporate income tax rate from 21 percent to 25 percent, we estimate the tax increase would shrink the long-run size of the economy by 0.87 percent, or $228 billion. This would reduce the capital stock by 2.11 percent, wages by 0.74 percent, and lead to 175,700 fewer full time equivalent jobs.
You wouldn’t know it from the press coverage, but there’s some modest good news about the federal budget. The deficit is rising, but not as much as feared because tax revenues are increasing due to faster economic growth.
The Congressional Budget Office reports in its April budget review that revenues rose 2% to $2.041 trillion in the first seven months of fiscal 2019 from a year ago. Payroll tax revenue rose 4.7% due in part to rising employment and wages.
Anonymous wrote:Because even sane Democrats know there will be a gigantic price to pay. There are no free lunches. US debt has gotten out of control since 2008. Significant tax increases to address the issue will be required in the future. It's that or else giant spending programs like social security and medicare will require cuts. All of those options are politically unpalatable. They are coming though.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Because even sane Democrats know there will be a gigantic price to pay. There are no free lunches. US debt has gotten out of control since 2008. Significant tax increases to address the issue will be required in the future. It's that or else giant spending programs like social security and medicare will require cuts. All of those options are politically unpalatable. They are coming though.
Oh NOW you clowns are back t being concerned about the debt? Give it a rest.
Trump is the self-proclaimed 'King of Debt'.
It exploded the most under Obama. It isn't even debatable.
Trump has that honor now and may the only president to increase the deficit in economic boom times. The deficit this year is already on track to be close to $4 trillion.
Wait...I thought that, according to the Dems, that the economy was not that great under Trump?
Who said that? The economy under Trump continued the trend from the Obama admin. I don’t think anyone disputes that Trump inherited a good economy and that it continued to be good, even if some of the metrics started trending down under Trump such as manufacturing and job growth.
Anonymous wrote:I'm a liberal, but I wonder about the focus on immigration. I think we need more paths towards legalization for those that are here, but we need free ourselves from relying on cheap and exploitative labor practices. Encouraging more low skilled immigration is not ideal.
Anonymous wrote:I'm a liberal, but I wonder about the focus on immigration. I think we need more paths towards legalization for those that are here, but we need free ourselves from relying on cheap and exploitative labor practices. Encouraging more low skilled immigration is not ideal.
Anonymous wrote:Anonymous wrote:People are so entrenched in blaming. We need creative solutions. It’s a waste to blame the opposing party. What solutions can you think of? List them here.
+1 I don't need an election year pissing contest when we have a real actual crisis to manage. They all need to show up, do their damn job and figure it out. Not impressed with either party. No stars.
Anonymous wrote:Anonymous wrote:The Dems have the people right where they want them. They just need to get their guy voted in for Prez and the free market, as we know it, will be gone. Get ready for food stamps and equal pay for all.
I prefer that to death, destruction and consolidation of wealth into an oligarchy.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Because even sane Democrats know there will be a gigantic price to pay. There are no free lunches. US debt has gotten out of control since 2008. Significant tax increases to address the issue will be required in the future. It's that or else giant spending programs like social security and medicare will require cuts. All of those options are politically unpalatable. They are coming though.
Oh NOW you clowns are back t being concerned about the debt? Give it a rest.
Trump is the self-proclaimed 'King of Debt'.
It exploded the most under Obama. It isn't even debatable.
Trump has that honor now and may the only president to increase the deficit in economic boom times. The deficit this year is already on track to be close to $4 trillion.
Wait...I thought that, according to the Dems, that the economy was not that great under Trump?