Democrats in Panic Because They Know the Trump Tax Cuts

Rush Limbaugh.com ^ | December 2017 | Rush Limbaugh

[ridesthemiles]

Millennials do not remember Ronald Reagan’s tax cuts from the 80’s. It might as well be Roman history to them.””

None of them have any memory of living under Jimmah Carter, who got PRIME interest rates above 20% & had us in lines every other day based upon the last number of our car license to purchase gasoline. IF someone had to make a trip across the country-—they could only get gas every other day!!!

[Newtoidaho]

For anyone in the $38k to $77k bracket, which is where I am, the tax rate increases from 15% to 22%.

How in God ‘s name can anyone support that? That is a 50 percent tax INCREASE!

Fix that or I hope every republican gets voted out in 2018.

[Steely Tom]

Yes, Reaganomics. I totally forgot that one, and the speech where Reagan pointed out that the term was no longer being used as an expression of ridicule by the MSM-Democrats. As soon as they could no longer use it for ridicule, into the memory hole it went. Gone and forgotten, as if it never was. I also remember how every single time the MSM was forced to quote recent data on the performance of the economy, the would always — always, without fail — "balance it with something "negative." Something like "Economists expressed concern that the current expansion of the economy is not sustainable and will lead to inflation and higher interest rates."

Which never happened. The '80s were a period of high economic growth and low inflation, which the Keynesians told us was impossible. That was their version of "the New Normal" back then. We had to get used to "stagflation" (how the MSM-Democrats hated that term) because the educated morons in the "economic community" said we couldn't have growth without inflation.

Then, to top it all off, the invincible USSR popped like a balloon. Unbelievable.

Then, like England after the war, we turned our backs on what worked and voted in Bill and Hillary, who proceeded to spend the peace dividend on chicks and cocaine.

[The Fop]

Since Jimmy Carter was a one termer who lost in a landslide, it was easier for Reagan to claim credit for the economic upswing.

But the MSM is heavily invested in protecting Obama, who was a two termer, who left office with a high approval rating.

So when the economy starts to really take off, look for the MSM to start repeating the mantra “the Obama economic boom”. They’re already saying it, but it will intensify.

The meme will be “Bush screwed up the economy so bad, Obama needed 8 years to fix it, and now Trump is reaping the benefits of Obama’s sound policies, which just needed time to work”.

[Kaslin]

They sure will, there is no doubt in my mind. We know better though

[Kaslin]

That is not true.

[RooRoobird20]

Mr. Roo Roo ran the numbers for me. My federal income tax cut will be $3600 (annually). YAY!!!!

But most of all, I’m EXTREMELY happy with the “Trump Effect” on our IRA’s, 401k’s and our other investments. 2017 was a great year for us, and I believe 2018 will be a good year also.

Thank you President Trump for leading the way, pushing the congressional slugs to do their jobs. You’re my hero!

[CodeToad]

Where the hell did you get that nonsense, the fake news?

[conservatism_IS_compassion]

Then, like England after the war, we turned our backs on what worked and voted in Bill and Hillary, who proceeded to spend the peace dividend on chicks and cocaine.

Not really. We then voted in Reagan’s political heir, his vice president - who frittered away the tax cut legacy with his “read my hips” betrayal. Had he not done so, he would have stood in good stead to have won re-election on the economy. Because Jimmy Carter had demonstrated that demand-side “macroeconomics" was such a disater.

The worst thing about “read my hips” was that the economy did not immediately tank. At least that would have left the supply-side principle intact. In the event, we had to wait through the Clinton, Bush43, and Obama Administrations to get to the point where a supply-side tax cut was possible again.

[Newtoidaho]

What part isn’t true?
Have you looked at the new brackets and tax rates?
Tell me again how it’s not true.

[Newtoidaho]

OK, please explain what is not true.

[CodeToad]

You obviously got the rates from crap news.

Todays rates are 10%, 15%, 25%, 28%, 33%, 35% and 39.6%.
New rates are: 10%, 12%, 22%, 24%, 32%, 35%, 37%.

[Newtoidaho]

I hope you are right. I had approximately $44k in taxable income for 2016, with a 15.3% tax rate. All the stories I’ve read today put that income level at a 22% tax rate in the new bill for 2018.