NBC: Tax cuts don't spur economic growth
- Thread starter mentalfloss
- Start date
Trump's Tax Cut 'Scam' Created 1.3 Million New Jobs, New CBO Data Show
https://www.investors.com/politics/editorials/growth-tax-cuts-paid-for/
D’oh! MAGA
https://www.investors.com/politics/editorials/growth-tax-cuts-paid-for/
D’oh! MAGA
Minimum wage jobs where people have to work 3 jobs just to pay the rent is not good for the economy. When are you bozos going to get it through your thick skulls?
It’s official: The Trump tax cuts were a bust
https://www.marketwatch.com/story/its-official-the-trump-tax-cuts-were-a-bust-2019-01-30
https://www.marketwatch.com/story/its-official-the-trump-tax-cuts-were-a-bust-2019-01-30
Especially if Trudeau is any indication....budgets balance themselves don't forget!! We definitely need more financial education in our school systems because the young ones figure that you simply go to an ATM and get money when you need it. LOL
Nattys not interested
Right before Congress passed the Tax Cuts and Jobs Act in December 2017, President Trump proclaimed:
“It’ll be fantastic for the middle-income people and for jobs, most of all ... I think we could go to 4%, 5% or even 6% [GDP growth], ultimately. We are back. We are really going to start to rock.”
A year later, it’s very clear that the tax cuts boosted gross domestic product and jobs a bit — and just for one year. Its effects are fading as U.S. GDP growth appears likely to weaken in 2019. The only thing that “rocked” were corporate profits and the stock market. And we’re facing trillion-dollar deficits as far as the eye can see.
https://www.marketwatch.com/story/its-official-the-trump-tax-cuts-were-a-bust-2019-01-30
Tax cut = fail
Right before Congress passed the Tax Cuts and Jobs Act in December 2017, President Trump proclaimed:
“It’ll be fantastic for the middle-income people and for jobs, most of all ... I think we could go to 4%, 5% or even 6% [GDP growth], ultimately. We are back. We are really going to start to rock.”
A year later, it’s very clear that the tax cuts boosted gross domestic product and jobs a bit — and just for one year. Its effects are fading as U.S. GDP growth appears likely to weaken in 2019. The only thing that “rocked” were corporate profits and the stock market. And we’re facing trillion-dollar deficits as far as the eye can see.
https://www.marketwatch.com/story/its-official-the-trump-tax-cuts-were-a-bust-2019-01-30
Tax cut = fail
