Posted on 03/04/2016 11:42:01 PM PST by JediJones
...our model shows more growth from the Rubio and Cruz plans than the Trump plan, even though Trump proposed a larger cut:
While Donald Trump largely opted for big rate reductions across the board, Rubio and Cruz made improvements to the structure of taxes, while cutting taxes by less overall.
Senators Rubio and Cruz both put thought into the nature of the taxes that businesses pay. They noticed that the current way businesses are asked to calculate taxes creates a bias in the code. When a business builds something new, like, say, a new industrial lathe, that decision actually has a higher tax burden, on net, than simply disbursing the money to shareholders. Thats bad news for machinists, who would much rather that they had new and better tools with which to do their jobs.
Rubio (through modifications of the corporate income tax) and Cruz (through the total conversion of corporate income taxes to his business flat tax) both fix this problem by making the full amount of money spent on the lathe deductible from taxable income.
In contrast, Trump did little to change the domestic corporate tax system, and merely lowered its rate. This policy has its benefits, including the benefit of growth, but it substantially reduces revenue.
...the senators pay attention to the details of the tax base, and try to fix incentive problems that the tax base creates. Mr. Trump mostly lowered rates.
America under the Marco Rubio or Ted Cruz tax plan would simply have more lathes and buildings and trucks, and people would be more productive and have higher incomes because of it.
(Excerpt) Read more at taxfoundation.org ...
Doors can be closed. But first you have to have a door.
That's a good one I hadn't considered. It does have the proper stench.
The post to which I responded was simply an attack. As to your "magnum opus" (which has very little to do with Trump), I'll see that and raise you this.
I'm not impressed. Deal with the facts and you'll get respect. Fliing attacks and you'll get to eat them.
It wasn't a magnum opus. But an example that I don't do mindless attacks.
Give me 5-10 min to get coffee (out of Keurig -- received as a gift, btw) so I'll have to get instant and wipe the "clouds in my coffee" out of my mustache when I'm done. BRB.
So? The point is what happens after the door is built. Cruz builds a fence, puts on the squeeze, and ties immigration, all immigration, to the unemployment rate. The bottom line is that I don't believe Donald Trump has any intention of doing what you believe he says. Nor should you. They guy is a weasel.
Yes, you do. Just because you did a little work somewhere else does not mitigate what you did here. Deal with the content. If you have an analysis that indicates otherwise, please post it. Your problem will be that this one is similar to several others.
If I'd intended it to be mindless, I'd have gone over the top in beating everyone over the head with using names.
Remember Bill Mauldin and his "Willie and Joe" cartoons in Stars and Stripes: "I build a shoe. If somebody wants to put it on and loudly announce that it fits, that's their business."
I read your vanity btw. I simply don't have the time right now to do a detailed dissection, but I will cut-and-paste some thoughts and/or commentary. Would you prefer said comments on that post's original thread, or here?
“No, he won’t. He’ll build a wall and the door will be so big it will be irrelevant.”
We’ll find out soon enough...
It would not be similar to existing sales taxes, or the VATs in Europe, because it would not be levied on a transaction-by-transaction basis. Emphasis on the word, not.
Ill be the first to admit I am not clear on all the various permutations of tax plans, but it does seem clear that the Trumpeters tend to dogmatically characterize the Cruz plan as being just like the European VAT taxes.
And, like ALL things govt, they left out the most important part of that sentence: “...at first.”
No VAT, no more hidden taxes. Just get out of our pockets/wallet/purchases/paychecks/etc.
Follow the Constitution THEN come back to us on the ‘cost’.
>>I play to people’s fantasies. People may not always think big themselves, but they can still get very excited by those who do. That’s why a little hyperbole never hurts. People want to believe that something is the biggest and the greatest and the most spectacular. - Donald Trump, The Art of the Deal, 1987.
I read that too. But remember the purpose of the “deal”. It was to accomplish something. Trump enters into a negotiation promising big things to build up the imagination. Then, he starts negotiating and so does the other party.
Ever buy a car?? They start out telling you that they can find a way to get you the car you want at the price you are willing to pay and the can probably throw in free floor mats. Then, the “deal” starts. In the end, you get your car, they make their profit. You might be paying a bit more than you initially wanted, but its within your budget and EVERYONE WINS.
The politician ENDS at the expectation and the promise. If they don’t deliver, then you can’t sue them. If the car dealer changes the sales contract after you drive away, do you just say, “Well, he is a car dealer. I expected to get screwed. I’ll shop there again because he promised me some REALLY GREAT STUFF.”
If you can’t see the difference between the negotiations leading up to a successful business deal and the lies that a politician will tell to get your vote, then you might be a part of the establishment.
Well, to be fair, two of the people making these proposals are actually sitting US Senators whom, if I remember right, could actually propose these plans right now. In fact, both plans could indeed be through committees before November.
While I generally agree that there's little chance for any tax plan to make it through congress, I can guarantee that plans that are never submitted are absolutely never going to get passed.
Spoken like a lemming headed to a cliff.
Yep, everyone but you...’the enlightened’.
None of this matters if we don’t get the debt and deficit under control. If we don’t we Default on the Debt,
No amount of growth will help unless these issues are addressed.
That’s a point. Bernie Sanders is a sitting Senator, too. He could give his proposals a legislative innings.
I think that the way the discussion is framed, however, is partaking philosophically of the concept of one-man rule, a President who’s in charge of everything, rather than in charge of as little as possible. That’s not the government our Founders were after.
Tell that to the people Trump stiffed in bankruptcy. If you call that "winning" I don't want it.
If they don't deliver, then you can't sue them.
You can fire a politician. Try suing Trump. Your playing field is rather tilted in the direction favoring legal capital.
If you cant see the difference between the negotiations leading up to a successful business deal and the lies that a politician will tell to get your vote, then you might be a part of the establishment.
I see a lot better than that. Henry Lamb (if you know who he was) said it would be fifty years before people appreciated what I'd written.
Where did they put the cost of the wars?
>>I see a lot better than that. Henry Lamb (if you know who he was) said it would be fifty years before people appreciated what I’d written.
What did you write?
I just woke up from working the night shift. I’m drinking my coffee, doing my homework you sent.
Will get back to you.
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