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Do you think that the Trump Tax plan will help the middle class?

Yes
No
I have no idea



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1. Thomas C CEOExpressSelect Member
     (11/27/2017 12:50:04 PM)
     Message ID #294290

This message is in response to D Robb ( message id #294281 )  Back To All Messages

"A key concept in this context is the “user cost of capital,” which essentially measures the expected cost to firms of making additional investments in equipment. A considerable body of economic research concludes that reductions in the user cost of capital raise output in the short and long run. Several of the proposals that have emerged in the current debate are key to lowering the user cost of capital. For example, expensing, which allows firms to deduct the full cost of investment at the time it is made, lowers the user cost of capital relative to depreciation over time. A lower corporate tax rate also lowers the user cost of capital, which not only induces U.S. firms to invest more, but also makes it more attractive for both U.S. and foreign multinational corporations to locate investment in the United States."
-WSJ Editorial Board 11/27

2. D Robb
     (11/27/2017 12:58:54 PM)
     Message ID #294292

This message is in response to Thomas C ( message id #294290 )  Back To All Messages

Excuse me. Interest rates are low. What is preventing you or anyone else from borrowing?

3. Thomas C CEOExpressSelect Member
     (11/27/2017 12:52:44 PM)
     Message ID #294303

This message is in response to D Robb ( message id #294292 )  Back To All Messages

Frank-Todd

4. D Robb
     (11/27/2017 3:46:08 PM)
     Message ID #294304

This message is in response to Thomas C ( message id #294303 )  Back To All Messages

What does that mean?

5. Thomas C CEOExpressSelect Member
     (11/27/2017 3:41:12 PM)
     Message ID #294310

This message is in response to D Robb ( message id #294304 )  Back To All Messages

It means that due to Frank-Todd banks cannot make $ on small business loans, which they discourage their loan officers from selling

I have a 30 year relationship with my loan officer, and I have been able to execute 3 small business loans from a local bank, walking in off the street, you have no shot.

Small banks now have a compliance staff that exceeds the loan staff.

Don't think so?

Try it. A simple checking account now comes with 45 pages of disclosures.

New business loans are at a 7 year low......


You're not much a business dude are you?

6. D Robb
     (11/27/2017 3:59:04 PM)
     Message ID #294311

This message is in response to Thomas C ( message id #294310 )  Back To All Messages

So you admit that you can get loans. I have not heard of any problem where I live in businesses getting loans. It is just more dissembling and distracting. The reality is most economists believe that the GOP tax bill will hurt, not help the economy. Both corporations and the rich are doing very well in the US. The middle class is not.
Again, I would support an increase in taxes on the rich, and a simplifying of the tax code.

7. Thomas C CEOExpressSelect Member
     (11/27/2017 3:46:04 PM)
     Message ID #294318

This message is in response to D Robb ( message id #294311 )  Back To All Messages

Living under a rock in a corn field doesn't qualify.

8. D Robb
     (11/27/2017 4:28:29 PM)
     Message ID #294312

This message is in response to Thomas C ( message id #294310 )  Back To All Messages

You obviously think you are cute in your reference to Dodd Frank. It just is another example of your not being able to honestly discuss issues. it

9. Thomas C CEOExpressSelect Member
     (11/28/2017 10:58:55 AM)
     Message ID #294317

This message is in response to D Robb ( message id #294312 )  Back To All Messages

I'm cute???

How many UCC-1 filings with a PG do you have Professor Robb?

You know nothing.

10. D Robb
     (11/27/2017 8:18:49 PM)
     Message ID #294338

This message is in response to Thomas C ( message id #294317 )  Back To All Messages

We don’t need Dodd-Frank or the Consumer Financial Protection Bureau. We know that bankers will ONLY do what is right for their clients and the nation, right?
The Wall Street Journal reported that Wells Fargo bankers chasing bonuses charged hundreds of clients inflated foreign transaction fees. The report comes just over a year since Wells Fargo paid a $185 million fine for “widespread illegal” sales practices involving fees on 2 million deposit and credit-card accounts opened without customers’ knowledge.
The news comes amid an upheaval at the federal Consumer Financial Protection Bureau, which the bone spur guy is attempting now to neuter with a hand-picked acting director. The CFPB was launched in 2010 by the Dodd-Frank Act to protect consumers in the wake of banks’ subprime mortgage debacle and subsequent economic meltdown. It was the CFPB that levied $100 million of the fine against Wells Fargo for the unauthorized bank accounts.
https://www.huffingtonpost.com/entry/wells-fargo-foreign-transaction-overcharges_us_5a1cd6d7e4b0e2ddcbb2315a

11. D James
     (11/27/2017 4:59:48 PM)
     Message ID #294315

This message is in response to Thomas C ( message id #294310 )  Back To All Messages

I know you've heard it before, but you waste your time and experience with respondent.

12. Robert Fahrbach CEOExpressSelect Member
     (11/27/2017 4:39:18 PM)
     Message ID #294332

This message is in response to Thomas C ( message id #294310 )  Back To All Messages

You may have noticed that the liberal agenda is threadbare; it's leadership is leaderless; it basically has no reason to be - outside of the fact that some folks found themselves standing on that platform when the train left... and they would prefer you to believe they did it on purpose.

History is loaded with tales of ideologies that failed, leaving masses of confused people behind. So much so, that the default credo for defending the defenseless drops over them as a protective curtain of last resort.

It goes like this...

Admit nothing, deny everything, demand proof, and make outrageous counter accusations. If all else fails, discredit all opposition.

It is unassailable in it's mindless simplicity... though it may be useful to segue a bit of sarcasm when you're in the mood. The only way to address it directly is in kind.

13. Noel Meyer
     (11/28/2017 1:07:21 PM)
     Message ID #294333

This message is in response to Robert Fahrbach ( message id #294332 )  Back To All Messages

Robert -
Good post.

"You may have noticed that the liberal agenda is threadbare; it's leadership is leaderless"

This is an accurate description not of the liberal agenda but of the Republican CONSERVATIVES who allow an abuser a novice to run the presidency - with no control over his pusss* grabbing history; his complete lack of understanding of how this government functions; his support for neo-nazies and Alabama child molesters.

"History is loaded with tales of ideologies that failed, leaving masses of confused people behind. So much so, that the default credo for defending the defenseless drops over them as a protective curtain of last resort.

It goes like this...


Admit nothing, deny everything, demand proof, and make outrageous counter accusations. If all else fails, discredit all opposition.


Sounds exactly the strategy the Velveeta Raccoon uses. His latest gaff is calling a sitting U.S. Senator Pocahontas at a gathering where Trump was supposed to be honoring NATIVE Americans for their service during WWII

14. Robert Fahrbach CEOExpressSelect Member
     (11/28/2017 11:10:39 AM)
     Message ID #294339

This message is in response to Noel Meyer ( message id #294333 )  Back To All Messages

Indeed. The President is a master of responding in kind. It allowed him to beat an unbeatable candidate in his very first election.

15. D Robb
     (11/28/2017 4:16:10 AM)
     Message ID #294342

This message is in response to Robert Fahrbach ( message id #294339 )  Back To All Messages

So "responding in kind" is inviting Navaho Code Talkers to the White House to honor their WWII service and then holding the ceremony in front of a portrait to President Andrew Jackson and making a racial slur? Explain that to me.
His actions appeal only to his racist base. He insulted and alienated the Indians.

16. D Robb
     (11/28/2017 4:14:57 AM)
     Message ID #294340

This message is in response to Noel Meyer ( message id #294333 )  Back To All Messages

Have you noticed that M bser has retreated to his cave to lick his wounds after telling you that you don't know how to figure percentages, and challenging me to apologize for being wrong? No apology from him yet, or did I miss it?

17. Thomas C CEOExpressSelect Member
     (11/28/2017 4:14:52 PM)
     Message ID #294344

This message is in response to Robert Fahrbach ( message id #294332 )  Back To All Messages

LOL!

sticks and stones........EVEYONE is an Economist! Amazing...even those Turbo-Tax folks.


But here's the thing, when you are not in power, desperation and all sense of rationality goes out the window in regaining that power

This all demonstrates that the Democrats, have long ago traded the truth for acquisition of power.

18. D Robb
     (11/28/2017 1:10:16 PM)
     Message ID #294345

This message is in response to Thomas C ( message id #294344 )  Back To All Messages

Thomas, you have lost all credibility, and your disjointed post attacking other posters rather than posting factual arguments for your flawed tax reform bill is another example.

19. Noel Meyer
     (11/28/2017 12:03:40 PM)
     Message ID #294356

This message is in response to Thomas C ( message id #294344 )  Back To All Messages

https://www.youtube.com/watch?v=xqswEjuaS5U

How do you 'trust' the Trump Tax plan to help the middle class when those in his Republican administration break the law at every opportunity?

https://www.youtube.com/watch?v=f4gKbPXLJSs

20. D Robb
     (11/28/2017 12:02:56 PM)
     Message ID #294293

This message is in response to Thomas C ( message id #294290 )  Back To All Messages

Excuse me, you can cite all the THEORIES you want. I go back to what has happened in the past. Tax cuts have resulted in a short term increase in tax revenues which are well below the cost of the tax cut itself. Tax cuts have ALWAYS resulted in an increase in the deficit which will eventually have to be repaid and which squeezes private lenders out of the loan market.
Try to stick to facts and history. You can find theories for anything, including the existence of alien life, or ghosts, or virgin births, or...

Message edited by user at 11/28/2017 12:03:17 PM

21. Thomas C CEOExpressSelect Member
     (11/28/2017 11:54:07 AM)
     Message ID #294305

This message is in response to D Robb ( message id #294293 )  Back To All Messages

I am just copy and pasting from a letter written 11/25 addressed to the Treasury Secretary, published in today's WSJ

the letter is signed by these people:

Robert J. Barro, Paul M. Warburg Professor of Economics, Harvard University

Michael J. Boskin, Tully M. Friedman Professor of Economics, Stanford University; Chairman of the Council of Economic Advisers under President George H.W. Bush

John Cogan, Leonard and Shirley Ely Senior Fellow, Hoover Institution, Stanford University; Deputy Director of the Office of Management and Budget under President Ronald Reagan

Douglas Holtz-Eakin, President, American Action Forum, former director of the Congressional Budget Office

Glenn Hubbard, Dean and Russell L. Carson Professor of Finance and Economics (Graduate School of Business) and Professor of Economics (Arts and Sciences), Columbia University; Chairman of the Council of Economic Advisers under President George W. Bush

Lawrence B. Lindsey, President and Chief Executive Officer, The Lindsey Group; Director of the National Economic Council under President George W. Bush

Harvey S. Rosen, John L. Weinberg Professor of Economics and Business Policy, Princeton University; Chairman of the Council of Economic Advisers under President George W. Bush

George P. Shultz, Thomas W. and Susan B. Ford Distinguished Fellow, Hoover Institution, Stanford University; Secretary of State under President Ronald Reagan; Secretary of the Treasury under President Richard Nixon

John. B. Taylor, Mary and Robert Raymond Professor of Economics, Stanford University; Undersecretary of the Treasury for International Affairs under President George W. Bush


Please review treasury receipts

22. D Robb
     (11/28/2017 12:48:45 PM)
     Message ID #294308

This message is in response to Thomas C ( message id #294305 )  Back To All Messages

Thomas, why don't you try to think about the issue and honestly defend it? The reason is that the heavily flawed GOP tax reform bill is not defendable. That is why a majority of Americans disapprove of it, and believe it will hurt, not help them. It is clearly designed to enrich the already uber rich.
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