Politicspoliticsliarinchiefnationaldebt

Mon Feb 11, 2019, 11:04 AM

 

Bloomberg claims Trump tax cuts increase the deficit

One of the most easily disproved claims Trump made about his tax cut plan is that it wouldn’t swell the budget deficit: As a share of gross domestic product, the deficit rose to 4 percent in October, up from 3.4 percent in October 2017 and 2.6 percent in October 2016.

https://www.bloomberg.com/news/articles/2018-12-13/trump-s-tax-cuts-had-an-impact-but-not-the-one-backers-hoped-for

And so does Deutsche Bank.

18 replies, 218 views

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Arrow 18 replies Author Time Post
Reply Bloomberg claims Trump tax cuts increase the deficit (Original post)
JoeHill Feb 11 OP
bruiserboy Feb 11 #1
JoeHill Feb 11 #4
MumblyPeg Feb 11 #2
JoeHill Feb 11 #3
MumblyPeg Feb 11 #5
JoeHill Feb 11 #7
bfox74 Feb 11 #15
MumblyPeg Feb 11 #17
Dumper Feb 11 #6
JoeHill Feb 11 #8
kevlar Feb 11 #11
New Deal Democrat Feb 11 #9
fools_gold Feb 11 #10
Steelydamned Feb 11 #13
MumblyPeg Feb 11 #18
Dumper Feb 11 #12
Charlie Mike Feb 11 #14
Oldgeezer Feb 11 #16

Response to JoeHill (Original post)

Mon Feb 11, 2019, 11:08 AM

1. Bloomberg as usual is full of crap

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Response to bruiserboy (Reply #1)

Mon Feb 11, 2019, 11:17 AM

4. Maybe you could get a writing gig with them . . . given your superior knowledge.

 

Or go to work for Deutsche Bank.

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Response to JoeHill (Original post)

Mon Feb 11, 2019, 11:12 AM

2. Like I said... dimocrats can get out their checkbooks and give it back. Is something stopping you?

or could it be that you just want OTHER people to do it?

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Response to MumblyPeg (Reply #2)

Mon Feb 11, 2019, 11:15 AM

3. It would be as futile as you flying that loser rag and pretending it means something.

 

I don't want other people to pay down the debt--I want EVERYBODY to pay down the debt.

But you knew that, didn't you, greybelly.

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Response to JoeHill (Reply #3)

Mon Feb 11, 2019, 11:18 AM

5. And I want overspending dimocrats banished from government, including the expense of

illegal invading parasites consuming taxpayer resources.
Seems you would agree, right?
Good deal, now write that check. give it back

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Response to MumblyPeg (Reply #5)

Mon Feb 11, 2019, 11:19 AM

7. Hey, when it comes to overspending, look at the Republican House and Senate

 

with President Pus Pocket signing the spending bills for the last two years.

So quiet from the right when their people blow up the debt.

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Response to JoeHill (Reply #7)

Mon Feb 11, 2019, 01:04 PM

15. So how interested are you in ending illegal immigration?

Are you willing to call your representative and tell him/her to fund the wall?

Ending illegal immigration would be the biggest step we could feasibly take toward paying down the debt. Are you in?

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Response to JoeHill (Reply #7)

Mon Feb 11, 2019, 01:30 PM

17. no, we weren't quiet. you just conveniently weren't listening.

and lets not even try to pretend this is a tit for tat on overspending. it's not even close.
but still, you appear to not be willing to give back your Trump refund. why is that? hmmm ?

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Response to JoeHill (Reply #3)

Mon Feb 11, 2019, 11:19 AM

6. So the rich are 'Everybody?'

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Response to Dumper (Reply #6)

Mon Feb 11, 2019, 11:20 AM

8. No, everybody is everybody. But if you're claiming that

 

the taxes breaks benefited the rich more than everybody else, you're right about that.

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Response to JoeHill (Reply #3)

Mon Feb 11, 2019, 12:53 PM

11. It actually stands for loser racist democrats.

But you knew that.

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Response to JoeHill (Original post)

Mon Feb 11, 2019, 11:27 AM

9. Average tax refund down 8% so far this season

Tax season is off to a slower start this year, with early filers seeing smaller average refunds.

The average refund is down about 8% under the first full year of the overhauled tax code, according to data released by the IRS on Friday. Refunds averaged $1,865 compared to $2,035 for tax year 2017.

https://www.cnn.com/2019/02/09/politics/tax-code-early-returns-data/index.html

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Response to New Deal Democrat (Reply #9)

Mon Feb 11, 2019, 12:12 PM

10. Tax refunds are not necessarily correlated with tax owed or due

The only thing tax refunds are correlated to is tax planning (or lack thereof.)

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Response to New Deal Democrat (Reply #9)

Mon Feb 11, 2019, 01:00 PM

13. There's an....

...entire thread dedicated to this on Twitter and yet, reading the responses, it's quite apparent that those bitching the most, really don't understand taxes or tax planning.

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Response to New Deal Democrat (Reply #9)

Mon Feb 11, 2019, 01:32 PM

18. tax refunds do not equate to tax rate. why do dimocrats have to lie to support their narratives?

oh, thats right...

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Response to JoeHill (Original post)

Mon Feb 11, 2019, 12:57 PM

12. IT DOES! If you ignore the other impacts on the economy!

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Response to JoeHill (Original post)

Mon Feb 11, 2019, 01:01 PM

14. We're not abandoning Trump for the anti-American democrats

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Response to JoeHill (Original post)

Mon Feb 11, 2019, 01:19 PM

16. You own article proves what I told you the last 2 times you tried this....

"While the TCJA got most of the attention, spending increases approved after most of the tax changes took effect probably had an even bigger impact on growth."

Coy...the author has no degree in economics.......he has a B.A. in History

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