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Trump's Tax Reform Plan

Salty

Salty

20,000 Posts Club
Administrator
Here is a question I have always had.

Alpha Company sets up a new dept - and hires Adam from Best Company to be the director
Best Company hires Betty from Clam Company to Replace Adam
Clam Company hires Charlie from Dogworld to replace Betty
Dogworld hires David who just got out of the Army to replace Charlie

So how many jobs were created --- Just 1 or was it 4 jobs????
 
FollowTheWay

FollowTheWay

Well-Known Member
Site Supporter
Salty said:
Here is a question I have always had.

Alpha Company sets up a new dept - and hires Adam from Best Company to be the director
Best Company hires Betty from Clam Company to Replace Adam
Clam Company hires Charlie from Dogworld to replace Betty
Dogworld hires David who just got out of the Army to replace Charlie

So how many jobs were created --- Just 1 or was it 4 jobs????
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I would say that one new job was created and 3 existing jobs were filled by a different person. However, there are some very strange things that are done with govt. statistics so it would be worth taking a look at. Are you aware that if the price of steak goes up, something else like ground beef is substituted for steak in the inflation calculation and inflation is not considered to have gone up?

Why the Inflation Stats Are so Bogus. Hedonics, Substitution and Weighting

"If steak goes up too much, they figure that people will switch over to something cheaper like hot dogs so they take steak out and substitute hotdogs into their basket of goods."
 
InTheLight

InTheLight

Well-Known Member
Site Supporter
The latest on tax reform:

At CNBC's Institutional Investor Delivering Alpha conference Tuesday morning Treasury Secretary Steve Mnuchin said he isn't sure the administration will be able to get the corporate tax rate down to 15%, as President Trump has vowed to do, given budget issues, but said they will get it lower. Meanwhile, he's "incredibly hopeful" they'll pass tax legislation by the end of the year.

So, not gonna get corporate rate down to 15%, probably not gonna get anything to happen this year.

Sent from my Nexus 7 using Tapatalk
 
InTheLight

InTheLight

Well-Known Member
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HankD said:
Not the fault of the POTUS - but CONGRESS, SENATE!
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Yeah, right. Senate does not originate spending bills, the House does. Not only that, but we've been promised Trump's tax plan since last March. Just go back through this thread and look at the promises and how they have slipped. He's not doing his job.

Here's Trump's effort for advancing his agenda for today:

Trump Tax Congress Go.JPG
 
HankD

HankD

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Site Supporter
InTheLight said:
Yeah, right. Senate does not originate spending bills, the House does. Not only that, but we've been promised Trump's tax plan since last March. Just go back through this thread and look at the promises and how they have slipped. He's not doing his job.
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No, the turncoat Republicans RINO's and NeoCons are not doing their job and those who care less about America's future.And those ridiculing President Trump falsely.

Here's Trump's effort for advancing his agenda for today:

View attachment 1746
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YES!! Hurah! for the POTUS!

HankD
 
C

Calminian

Well-Known Member
Site Supporter
InTheLight said:
Senate does not originate tax and/or spending bills, the House does.
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This is a pointless meaningless statement. Has nothing to do with anything. Congress passed an O'Care repeal and Rubio and the bunch choked...... again! Rubio and Cruz and all the guys you supported have accomplished nothing after promising to get it done. Yet you're mysteriously forgiving toward them.
 
InTheLight

InTheLight

Well-Known Member
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Calminian said:
This is a pointless meaningless statement. Has nothing to do with anything. Congress passed an O'Care repeal and Rubio and the bunch choked...... again! Rubio and Cruz and all the guys you supported have accomplished nothing after promising to get it done. Yet you're mysteriously forgiving toward them.
Click to expand...

What in the world are you talking about now? Making stuff up in your head again, I see.


Votes on the ObamaCare Repeal

Bill #1, Repeal and Replace
Cruz Yes
Rubio Yes

Bill #2, Partial Repeal
Cruz Yes
Rubio Yes

Bill #3, "Skinny" Repeal
Cruz Yes
Rubio Yes
 
C

Calminian

Well-Known Member
Site Supporter
InTheLight said:
What in the world are you talking about now? Making stuff up in your head again, I see.


Votes on the ObamaCare Repeal

Bill #1, Repeal and Replace
Cruz Yes
Rubio Yes

Bill #2, Partial Repeal
Cruz Yes
Rubio Yes

Bill #3, "Skinny" Repeal
Cruz Yes
Rubio Yes
Click to expand...

Yes, and Trump also was wiling to sign the bill, but you criticized him.

I'm simply applying the same standard to your candidates that you apply to Trump. They are in the Senate, and never said boo about McCain. They are career politicians. They make themselves look pretty on paper, but never get anything done. McConnell should not be the head of the Senate, but the rinos let him continue. Only Trump has spoken out against him.

So again, blame the rino candidates you supported, not Trump.
 
HankD

HankD

Well-Known Member
Site Supporter
Calminian said:
This is a pointless meaningless statement. Has nothing to do with anything. Congress passed an O'Care repeal and Rubio and the bunch choked...... again! Rubio and Cruz and all the guys you supported have accomplished nothing after promising to get it done. Yet you're mysteriously forgiving toward them.
Click to expand...
And they (the SENATE) must pass the bill!.

HankD
 
Salty

Salty

20,000 Posts Club
Administrator
InTheLight said:
Yeah, right. Senate does not originate spending bills, the House does.
]
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ITL - did you see what Hank said? "Not the fault of the POTUS - but CONGRESS first, then the SENATE!
Of course the it must originate in the House - but if the Senate defeats it - ...........

(note: bold my emphasis)
 
AwesomeMachine

AwesomeMachine

Member
FollowTheWay said:
We're dealing with a President who is far closer to Satan than he is to God. genuine Christians need to stand up against the moral atrocities Trump has committed and will try to commit in the near future.
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Saying "moral atrocities" rather than citing specific examples is not useful for productive dialog. I'm not aware of any moral atrocities President Trump has committed, or that he plans to commit. Your comment is emotionally charged nonsense.
 
AwesomeMachine

AwesomeMachine

Member
Brent W said:
I just don't understand how we make up a 20% of reduction of Corporate tax income with "growth". Cuts are always very hard to get through so that will be very tough with such a narrow margin in the Senate and upcoming House elections in 2018.
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A large cut in corporate taxes incentivizes businesses to take capital gains, which gives them capital to increase production, hire employees, and invest in capital assets. With the increase in money changing hands, it more than offsets the 20% rate drop. And the stock market will go crazy. When capital gains taxes are high, it's expensive to trade stocks.

Investors wait until taxes drop to take capital gains. With the increase in capital gains due to stock sell off comes increased investment in residential housing, automobiles, travel and consumer goods. All that investment eventually makes it's way to the workers who build houses, cars, who work for airlines and produce consumer goods.

At that level it is all taxed at income-tax rates, so the government doesn't really lose anything.
 
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