Anonymous
Anonymous asked in Politics & GovernmentPolitics · 4 months ago

So Trump's misguided tax cuts for billionaires weren't paying for themselves after all?

Hello, recession.

14 Answers

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  • 4 months ago

    hmmmm, trumps tax cuts cut 1.5 billion in tax's

    but tax receipts went up over 24 billion after the tax cuts

    now bu=y my math, 24 is much greater than 1.5

    • Ray S
      Lv 7
      4 months agoReport

      Trumps tax cuts cut 1.5 trillion in tax's, not billion.

  • Elliot
    Lv 7
    4 months ago

    Nobody expected that they would, except for his most gullible followers.

    • Lv 4
      4 months agoReport

      But they are "paying for themselves". Tax revenue has continued to climb, you economically illiterate lib.

  • Anonymous
    4 months ago

    Are you joking? Tax revenues still increased once we cut taxes according to the CBO. In 2017, the revenue was 3.32 trillion. In 2018, it was 3.33 trillion. In 2019, it's estimated to jump to 3.44 trillion after the year is complete. In 2020, that estimate goes to 3.64 trillion. Do you know why revenue doesn't drop? When you cut taxes, you create things such as jobs and investment. When you create jobs and investment, you get more taxable income, as opposed to just trying to strangle the same people for what they have now, killing jobs and investment, and thus taxable income, in the process. An expanding economy = tax revenue.

    And what recession? You people think every time the stock market has a dip, like it always does, a recession is coming. Anyone who has seen the chart of the DOW, for example, that is larger than one year knows that it's normal. The DOW is already back up to 26,000+. In one more good week, it will be setting records again, which is why the fed is contemplating not even cutting rates again. Trump is doing all of this even WITH interest rates. Obama had zero interest rates almost his entire presidency in comparison to Trump. The Fed handled Obama's economy with kid gloves and Obama STILL failed.

    • Ray S
      Lv 7
      4 months agoReport

      It worked in the short term to fix the problems in the 1970's. But, our financial problems won't go away until supply-side is scrapped or it completely destroys the country ... And, we're teetering on the edge of that cliff now.

  • 4 months ago

    Are you leftists thinking that if you say recession enough, it will happen? Good to see you "patriots" love the US so much that you pray for recessions.

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  • 4 months ago

    Typical liberal. Hoping for a recession. How sad.

  • Sam
    Lv 7
    4 months ago

    We are heading for a bankruptcy.

    • Lv 4
      4 months agoReport

      Yeah, and where were you when Obama doubled the debt from 10 to 20 trillion, dunce?

  • Chris
    Lv 6
    4 months ago

    Hello recession? The US economy is the strongest in the world at this point.

  • horst
    Lv 4
    4 months ago

    Same thing happened when Reagan cut taxes...and Bush. Nothing new or different here.

    • Lv 4
      4 months agoReport

      LMAO what recession happened with Reagan??? Wtf? Reagan inherited a recession from Carter and brought the economy back to life you nutter. How can you not know this?

  • 4 months ago

    Please, tell us all about your economic knowledge.

  • 4 months ago

    You fall for all left wing propaganda. Don't you?

    • Ray S
      Lv 7
      4 months agoReport

      The economy is growing at only 2%, 3 out of 4 economists are saying there are indications of a coming recession, and Trump's running around talking about payroll tax cuts and the need for lower interest rates as a way to stimulate the economy ... I wouldn't call that left wing propaganda.

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