Economic History 101 should be a prerequisite for anyone seeking a degree in economics.
NY Slimes never cared when OBAMA was President.
FAKE Concern from a FAKE News organization.
Odd the same economists had no problem with 0bama racking up debt like a drunken sailor
Odd the same economists had no problem with 0bama racking up debt like a drunken sailor
They have nothing to fear because historically a tax rate cut increased federal revenue year over year.
Where were these “Economists” while Obama doubled the National Debt from $10 trillion to $20 trillion?
Also, none of these Economists ever heard of the laffer curve. If you are heavily over taxed and reduce tax RATES, you should see tax REVENUES increase as economic activity booms and more people participate and become tax payers, or work longer and pay taxes on more hours of labor.
The devil is in the details and cutting tax rates too far will cause tax revenues to drop. I expect that is not the case.
Cutting taxes cause people and business who have “gone Galt” and dropped out of the work/tax cycle, to get back working again, or working longer hours. A lot of people went Galt during Ibama’s Reign of Terror. Labor participation plunged. Many millions will come back with a booming economy spurred by appropriate tax cuts.
Whose “economists”? Ours or theirs?
“Economists” fear.
“Many” say.
“Scientists” warn.
“Experts” alarmed.
Always the mystery team of unnamed persons who are meant to mask opinion as fact with the gravitas of authority.
Fake is an understatement.
Oh. Now they’re worried about debt?? FU!
Economists Fear Reagan’s Tax Plan Only Heightens a ‘Mountain of Debt’ - 1981
Federal Debt
Homelessness
War Protests
President's vacations
A major reason Obama ran the debt to $20 trillion was to prevent future Republicans from being able to enact tax cuts.
A Tax Expert’s Take on Trump’s Proposal: ‘A Truly Great Tax Plan’
American Thinker ^ | April 28, 2017 | Jack Hellner
Posted on 4/28/2017, 8:45:40 AM by detective
It certainly appears that Trump has more common sense and intelligence on taxes and the economy than many of those advising him, the career politicians from both parties, the bureaucrats, the media and most economists. I am a 64 year old CPA who has been doing taxes for approximately 40 years. This is the most intelligent tax policy I have seen since Ronald Reagan’s and my initial thoughts make me believe that it is better than Reagan’s. It is a simple and logical plan that would give everyone the incentive to earn more instead of spending so much time and money trying to beat the tax man. I believe the impetus it would give to economic growth is immeasurable.
http://freerepublic.com/focus/f-news/3548235/posts
This tax plan is only a bad idea to those, who want to use tax policy to control behavior, to reward bad behavior and punish the productive citizens.
PS: See my tagline re fake news