Majority of Americans not happy with new tax law.

[Motorcity Cobra]

All these idiots have is "what about polls showing Hillary would win" that's their one poll. Meanwhile political parties spend millions a year on internal polling. Their internal polling must be showing the same thing these polls are showing because republicans aren't touting the tax cuts. They've been mum.

[Motorcity Cobra]

Kellyanne Conway had a. Polling company. That was her claim to fame within the GOP. But let these idiots tell it one poll cancels out every poll ever

[Motorcity Cobra]

Notice they never talk about that methodology of the polls. They don't get into the meat and potatoes. They just say "what about the polls that had Hillary winning"

[siablo14]

It's actually quite simple. The US Treasury will collect less tax payments because of the lower rate. The US will then have to issue treasury bills and notes to borrow money to fund the budget deficit.

No, it's not simple because that's not what actually happened in real life.

Real life > theory

Again, Reagan cut taxes and revenue shot up. Clinton cut taxes and achieved a surplus.

How the hell did that happen if what you assert is true?????

No need

Common knowledge

MARTIN: Just like President Donald Trump, one of Reagan's first moves in the White House was a big tax cut, the one in 1981. And there was supposed to be no loss in tax revenues because of all the economic growth these cuts were going to bring about. So David, how deep were those tax cuts, and did they blow up the deficit?

WESSEL: Well, when Reagan arrived here in 1981, things were very different. Inflation was nearly 10 percent. The Fed had pushed up interest rates. The debt was much smaller as a share of the economy. The Reagan tax cut was huge. The top tax rate was 70 percent. He cut it to 50 percent. Now, most people in the Reagan administration didn't really think it would pay for itself, and it didn't. It blew up the deficit. They were counting on some spending cuts that never quite materialized to avoid that. And so they - it didn't pay for itself.

MARTIN: Yeah. So the spending cuts never materialized, as you note, and the deficit increased. And then what happened?

WESSEL: Well, it quickly became clear from the deficit projections that they had a problem. So what they did is raise taxes. With Reagan's signature, Congress undid a good chunk of the 1981 tax cut. It raised taxes a lot in '82, '83, '84 and '87. So what the history of the '80s tells us is if tax cuts are too big - if they overpromise what they're going to do, they seem to lead to tax increases.

MARTIN: But wasn't there a big economic boom in the '80s? That was like a great time, right?

WESSEL: Well, what the '80s tell us is you can't look at taxes in isolation. I mean, the Fed's war on inflation pushed interest rates to nearly 20 percent. It's hard to believe. We had a really deep recession. Unemployment rose above 10 percent. And then the Fed cut interest rates. The economy took off. The tax cuts definitely helped but so did the spending increases on defense and highways that Ronald Reagan approved.

https://www.npr.org/2017/12/08/56934...tax-cuts-fared

So Reagan had to raise taxes too because his tax cuts didn't pay for themselves either?

1bad, did you know this?

[1bad65]

You guys are not (intentionally or unintentionally) seeing the whole picture.

Spending in excess of revenue creates deficits. Therefore, if the government's overall revenue is lower (as a result of lower taxes) than its spending a deficit is generated. This is simple high school economics.

Tax cuts = less revenue to the treasury

Dude, that's simply not true.

You're repeating a talking point, but refusing to accept documented historical fact.

That's not how it works.

What part of both Reagan and Clinton saw tax REVENUE increase after tax RATES were cut can you not understand?

[Motorcity Cobra]

If you're going to criticize the poll show me the methodology which supports your argument then I'll listen.

[1bad65]

Their internal polling must be showing the same thing these polls are showing because republicans aren't touting the tax cuts. They've been mum.

Wrong.

They are running on them. And for good reason.

https://www.usatoday.com/story/news/...ump/512978002/

[siablo14]

Lmfao!!!!

That's why that gruber is on Ignore.

He's like a broken record with his constant source requests.

And no how many sources you cite, he says they don't count and keeps asking for more.

His schtick wore out a long time ago.

Watch him dodge post #34.

1bad is like a broken record now.

[Motorcity Cobra]

Yep, only people who don't work for a living and'or pay taxes to begin with, would be complaining about a tax bill that gives you back more of your money. Regardless of how little or how much.

There you go with them strawmen again.

You're like a broken record.

My check gets written tomorrow.

[JimRaynor]

Actually, no. These tax cuts now are going to cost trillions of dollars and will create budget deficits for our children and children's children.

Tax cuts don't create deficits, spending does. If government wants to fix the deficit let them do so by restructuring the budget to fit the new tax cuts.