When the people find that they can vote themselves money, that will herald the end of the republic.“ - Benjamin Franklin.
“When people get used to preferential treatment equal treatment seems like discrimination.” - Thomas Sowell
I guess according to @John Galt, the US was left out of the trade deals Trump renegotiated.
When the people find that they can vote themselves money, that will herald the end of the republic.“ - Benjamin Franklin.
“When people get used to preferential treatment equal treatment seems like discrimination.” - Thomas Sowell
Peter1469 (11-25-2020)
Its not crazy its just a flat out lie. That which the left is known for.
Trump's Tax Cut 'Scam' Created 1.3 Million New Jobs, New CBO Data Show.....
Tax Cuts: During the tax cut debate in 2017, Republicans argued that the cuts would at least partially pay for themselves by spurring economic growth. Democrats said they were nothing more than a giveaway to the rich. The latest data from the Congressional Budget Office makes it clear that the GOP had it right.
But entirely overlooked is what the CBO report shows about the tax cuts. That they succeeded in boosting economic growth. And that extra growth is, in turn, partially paying for the cuts. Despite what Schumer says, this is precisely what Republicans claimed would happen.
The CBO doesn't spell this out, but the message is clear to any who look at the data.
Start with GDP growth. The CBO makes it clear that the tax cuts spurred the boom.
Democrats claim that the solid growth in 2018 was baked in the cake while Barack Obama was president. But that's simply not the case.
The jobs picture improved dramatically as well.
In January 2017, CBO forecast an average unemployment rate of 4.4% for 2018. The actual number: 3.9%
In January 2017, CBO said that the economy would create an average of just 94,000 jobs a month in 2018. The actual results for 2018: 203,000 news jobs a month.
In other words, the nation's economy in 2018 was almost $400 billion bigger and there were about 1.3 million more jobs created than the CBO had expected.
Trump signed a major pro-growth tax cut, which went into effect at the start of 2018.
Using the latest CBO report, we can also calculate how much the tax cuts are actually costing, compared with what the CBO said they'd cost.
Based on the CBO's new revenue forecast, however, which includes those economic effects, the tax cuts will have cut revenues by $878 billion over the first five years.
In other words, economic growth paid for 20% of the tax cuts. Sure, growth didn't pay for all the tax cuts. But Republicans never said they would.
To sum up, the tax cuts boosted growth, created more than a million additional jobs, and cost 20% less than advertised.
And this is what Schumer calls a "scam"? If so, we could use more of them......snip~
GOP Tax Cuts Created 1.3 Million Jobs, New CBO Data Show | Investor's Business Daily
History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~
When the people find that they can vote themselves money, that will herald the end of the republic.“ - Benjamin Franklin.
“When people get used to preferential treatment equal treatment seems like discrimination.” - Thomas Sowell