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

I have no idea

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1. Thomas C CEOExpressSelect Member
     (12/3/2017 12:43:00 PM)
     Message ID #294657

This message is in response to D Robb ( message id #294655 )  Back To All Messages

At a 1.9% growth I would have to agree. Going forward I tend to believe 3 to 4% is the norm, historically that is true.

A true Keynesian would opt for Government stimulus. That failed.

2. D Robb
     (12/3/2017 4:12:54 PM)
     Message ID #294658

This message is in response to Thomas C ( message id #294657 )  Back To All Messages

Thomas, nobody is projecting that this tax bill is going to pay for itself. Trickle down has NEVER worked. Yes, cutting taxes results in increased revenues to the government, but NEVER enough to cover the deficits created. Repubs constantly talk about the effect of Reagan's and Kennedy's tax cuts on revenues and ignore that they both blew a hole in the deficit.

3. D Robb
     (12/3/2017 1:09:55 PM)
     Message ID #294659

This message is in response to Thomas C ( message id #294657 )  Back To All Messages

What the US needs is a restructuring to provide the blue collar jobs that have been lost. How do we do that? We are not going to bring back manufacturing or coal mining so we need to look for ways to educate the workforce for the jobs that are going begging, and encourage them to move where the jobs are.

4. Rick T CEOExpressSelect Member
     (12/3/2017 12:47:57 PM)
     Message ID #294664

This message is in response to Thomas C ( message id #294657 )  Back To All Messages

Seems your last paragraph begs the question. What and when are you referring to when you state the Keynesian approach has failed? What is your basis of belief and, where are your evidence that support your belief?

There's timely empirical fact based evidence that "Trickle down" doesn't work and, there is no reason to believe it will work this time. Trickle down is, IMO, based on faulty reasoning and flawed premises. There's no history / evidence of Tickle Down ever achieving it's publicly stated goals and objectives.

Bush Sr. was prescient when he called trickle down "voodoo economics".

5. Thomas C CEOExpressSelect Member
     (12/3/2017 5:57:16 PM)
     Message ID #294667

This message is in response to Rick T ( message id #294664 )  Back To All Messages

2009 Stimulus and the last 50 years of Government deficit spending?

The last time the Government actually cut the Federal Budget, 1954, the economy took off like a spaceship,

John Maynard Keynes still has advocates today, despite the fact that he lived in a time when the government revenue was in the form of tariffs. Income tax on individuals, and then later Corporations was just getting started.

6. Michael O'Neill
     (12/3/2017 7:04:52 PM)
     Message ID #294671

This message is in response to Thomas C ( message id #294667 )  Back To All Messages

The 2009 stimulus was 30% tax cuts.

7. Thomas C CEOExpressSelect Member
     (12/4/2017 5:34:17 AM)
     Message ID #294685

This message is in response to Michael O'Neill ( message id #294671 )  Back To All Messages

Are you serious?

It was a one time $400 "rebate" of sorts on your payroll tax, you didn't get it unless you were on a payroll.

30% of what?

Lame retort. Extremely lame.

Actually, it's the funniest one I've ever read here.

Message edited by user at 12/4/2017 5:39:16 AM
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