Originally posted by GhostofDempsey
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Majority of Americans not happy with new tax law.
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Originally posted by BostonGuy View PostActually, no. These tax cuts now are going to cost trillions of dollars and will create budget deficits for our children and children's children.
Then explain how tax revenue nearly doubled in the years after Reagan slashed rates.
After that, then explain how Bill Clinton achieved a 'surplus' after he cut taxes (for the rich, btw).
I'm all ears...
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Originally posted by BostonGuy View PostActually, no. These tax cuts now are going to cost trillions of dollars and will create budget deficits for our children and children's children.
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Originally posted by 1bad65 View PostBlah, blah.
Then explain how tax revenue nearly doubled in the years after Reagan slashed rates.
After that, then explain how Bill Clinton achieved a 'surplus' after he cut taxes (for the rich, btw).
I'm all ears...
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Originally posted by BostonGuy View PostActually, no. These tax cuts now are going to cost trillions of dollars and will create budget deficits for our children and children's children.
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Originally posted by BostonGuy View PostIt'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.
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?????
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Originally posted by BostonGuy View PostIt'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.
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Originally posted by BostonGuy View PostIt'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.
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Originally posted by 1bad65 View PostNo, 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?????
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When 52% disapprove
56% are not even sure what affect he tax plan has on them
Shows you that polling doesn't mean much
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