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Trump to meet with Art Laffer and Steve Forbes to hammer out tax plan (video)
Youtube ^ | Neal Cavuto

Posted on 08/13/2015 11:41:01 AM PDT by RoosterRedux

This was Neal Cavuto last night.


TOPICS: News/Current Events
KEYWORDS: arthurlaffer; artlaffer; forbes; laffer; laffercurve; punkmonetarist; trump
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To: RoosterRedux

Steve Forbes will teach him how to stare down opponents.


61 posted on 08/13/2015 12:50:28 PM PDT by PghBaldy (12/14 - 930am -rampage begins... 12/15 - 1030am - Obama's advance team scouts photo-op locations.)
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To: RoosterRedux

Good that Trump is beginning to consult and develop some more detailed plans, but I hope he doesn’t buy into Laffer’s notions about tariffs.

http://www.freerepublic.com/focus/news/3314120/posts?page=1

If Trump is going to tackle bad trade deals, then tariffs will inevitably need to be considered in some situations,


62 posted on 08/13/2015 12:50:39 PM PDT by Will88
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To: DoodleDawg

If it were actually done, it would be more than government has been cut in my lifetime. You have to start somewhere, which nobody has done since 1946 or so as far as I know. Maybe you can enlighten me if you know of any department cut from the federal government in the last 50 years by anybody, including Reagan?


63 posted on 08/13/2015 12:54:40 PM PDT by jospehm20
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To: Buckeye McFrog

If the younger crowd are not familiar with Laffer they can
check him out here.

http://www.laffercenter.com/the-laffer-center-2/the-laffer-curve/


64 posted on 08/13/2015 12:57:19 PM PDT by eyedigress ((Old storm chaser from the west))
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To: BenLurkin
"I think Steven Forbes would have been a good President.

Compared to W Forbes would have been a great president

65 posted on 08/13/2015 1:05:20 PM PDT by jpsb (Believe nothing until it has been officially denied)
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To: dfwgator; McGruff
Well I hope they aren't Ivy Leagers.

Like Ted Cruz?


Ted Cruz is the rare exception. He gets a complete pass because he was already very well grounded in economics and the Constitution before he went to Princeton. He is also young enough that he already knew what had happened to the Ivies, and most of academia.

Clarence Thomas also has the Ivy League degree, and despises how people use it as a lever to get favors, preferential treatment or to sneer at others not in the club. Cruz does none of those.

Both Cruz and Thomas have earned an exemption.
66 posted on 08/13/2015 1:07:44 PM PDT by Dr. Sivana (There is no salvation in politics)
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To: DoodleDawg

I don’t think, in your case, it would matter much to know the details. You would snivel about it anyway.


67 posted on 08/13/2015 1:11:34 PM PDT by SatinDoll (A NATURAL BORN CITIZEN IS BORN IN THE USA OF TWO USA CITIZENS)
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To: Buckeye McFrog

Ha ha.


68 posted on 08/13/2015 1:13:09 PM PDT by 9YearLurker
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To: Buckeye McFrog

Ha!


69 posted on 08/13/2015 1:19:22 PM PDT by 9YearLurker
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To: DoodleDawg
The Federal leviathan must be brought back into Constitutional compliance. That is a worthy and just goal. And I would be very interested in hearing just how President Trump plans on doing that.

I too would like to hear more from Trump on that. My first choice is Cruz. I feel he would strive to steer our Republic back towards Liberty.

That said, Trump is better than the remaining candidates.

70 posted on 08/13/2015 1:21:47 PM PDT by sand88 (We can never legislate our way back to Liberty)
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To: Cowboy Bob

And let us all remember what happened then. Reagan got lower rates in exchange for doing away with several deductions (or loopholes, as Democrats call them). As soon as the Democrats could, they raised the rates, but the deductions didn’t come back. Surprise, surprise... as Gomer Pyle used to say.

Unless the income tax and the IRS are abolished, rates can always go back up when the Democrats have the chance to raise them.


71 posted on 08/13/2015 1:23:51 PM PDT by Pining_4_TX (All those who were appointed to eternal life believed. Acts 13:48)
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To: Pining_4_TX

The Tax Code is a shell game, lower some taxes here raise some there, no one even knows.


72 posted on 08/13/2015 1:24:49 PM PDT by dfwgator
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To: DoodleDawg; ElainaVer; RoosterRedux; 9YearLurker
OK so you get rid of the EPA and eliminate the IRS; you've just saved about $20 billion.... All totalled doing away with those three agencies will reduce the existing deficit by about an eighth, less the spending increases elsewhere. What about the rest?

You understand economics about the same way a Democrat does. That is: taking $1 away from some thing here merely translates into a single dollar's savings somewhere else. Your economic myopia is a consequence of a perspective shaped through a zero-sum prism.

If you lived through the Kemp-Roth tax cuts (which I suspect from what you've written, you may be too young to remember, if you were even born then) that in no small part kick-started the Reagan-era 1980's economic expansion + military supremacy restoration, you'd likely understand better the positive dynamic effect of what cutting back the funding (and with it the regulatory overstretch) of gov't agencies would prove to be.

You fail to understand that cutting ~$100B expenditure burden targeting EPA, DOE and IRS will free American business and American education to thrive in ways it has not done so in years. This is what Supply-side theory is all about.

Cutting tax rates causes economic expansion far in excess of the actual dollar value of the revenue unrealized at the higher rate. This is Laffer's and Forbes' position. Trump appears inclined to hear that view.

Cutting the named gov't Agencies reduces the burden on industry and education far in excess of the mere $100B saved on paper. The reduction of burden translates into an increase in profitability and productivity which is now dis-incentivized by current regulation.

That increase in productivity and profitability results in higher tax revenues than would exist with all those regulations in place and Agencies funded to crank out the mandates unchecked. Can you not see that?

It will also likely spark a more competitive educational deliverable closer to what I received in my college years in the late '70's and early '80's that has me earing $1/2MM a year today for a total ed. cost of under $25,000 for 4 years of undergrad. at a state university (Virginia Commonwealth Univ.).

Steve Forbes was the commencement speaker when I graduated from VCU in 1982. It was quite a barn-burner of a speech too - standing ovation. When was the last time you saw something like that for a conservative speaker at a state university?

FReegards!

 photo million-vet-march.jpg

73 posted on 08/13/2015 1:27:51 PM PDT by Agamemnon (Darwinism is the glue that holds liberalism together)
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To: sand88
That said, Trump is better than the remaining candidates.

I think there is only one real candidate and that's Ted Cruz. I would lump the rest together without a whole lot of difference among the group.

74 posted on 08/13/2015 1:28:14 PM PDT by DoodleDawg
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To: SatinDoll
I don’t think, in your case, it would matter much to know the details. You would snivel about it anyway.

Let's just say I'm not big on fairy tales and pixie dust, which seems to be his solution for most anything.

75 posted on 08/13/2015 1:29:39 PM PDT by DoodleDawg
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To: Agamemnon

Though, as Trump correctly pointed out, you can’t get rid of the IRS completely—because someone has to collect the taxes.


76 posted on 08/13/2015 1:30:21 PM PDT by 9YearLurker
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To: dfwgator

Yes, and the more they get, the more they spend. Catch 22 - if rates are lowered, the government gets a lot more money, but politicians spend that and then some. Until a way is found to downsize government and restrict its spending, tax cuts will not stop the march over the fiscal cliff.


77 posted on 08/13/2015 1:31:47 PM PDT by Pining_4_TX (All those who were appointed to eternal life believed. Acts 13:48)
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To: Pining_4_TX

Cut the spending first, then we’ll talk about the taxes.


78 posted on 08/13/2015 1:32:15 PM PDT by dfwgator
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To: DoodleDawg

“...fairy tales and pixie dust...”

Trump has written 16 books. The last one details what he is going to do as President. Why not try educating yourself?


79 posted on 08/13/2015 1:32:29 PM PDT by SatinDoll (A NATURAL BORN CITIZEN IS BORN IN THE USA OF TWO USA CITIZENS)
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To: DoodleDawg
Let's just say I'm not big on fairy tales and pixie dust, which seems to be his solution for most anything.

Booosh Sr called it voodoo economic because he thought like an bookkeeper.

Call it dynamism or the multiplier effect or wherever, it's real. Think compound interest or exponential growth.

This is how economies work. And they work in the reverse with Presidents like Barry.

80 posted on 08/13/2015 1:55:50 PM PDT by RoosterRedux (Trump's ISIS policy: Kick their ass. Take their gas.)
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