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[news]Middle class feeling betrayed by Trump when filing taxes
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Redwingtom Offline
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Post: #192
RE: [news]Middle class feeling betrayed by Trump when filing taxes
(02-12-2019 03:56 PM)MonarchManiac Wrote:  
(02-12-2019 01:48 PM)Redwingtom Wrote:  
(02-12-2019 12:12 PM)UofMstateU Wrote:  
(02-12-2019 11:47 AM)Redwingtom Wrote:  
(02-12-2019 09:49 AM)UofMstateU Wrote:  We will collect the same amount in taxes in 3 years under Trump, with the new tax cuts, than we did in 5 years under Obama. That is the reality of things. You can try to spin all you want, but the reality is that we get more tax revenue with tax cuts, as has always been the case.

That's just complete nonsense...and it's akin to saying a smaller refund alone is due to the tax cut. There is NO evidence for what you're stating. If so, you'd provide it. There has never been anything shown EVER to say that tax cuts alone create more revenue. And certainly not always as you claim.

We're taking in more because of improvements to the economy, and there is no evidence (at least not yet) that this is a direct result of the corporate cut. When there is, present it, and I'll gladly agree with you...but just in this case as past tax cuts alone have never been shown to have increased tax revenues.

Just to be sure, you know you just confirmed that:

A) Trumps economy is kicking Obama's economy in the ass.
B) Even with the tax cuts, we are taking in more money.

Thats reality. You can try to spin it off on hypotheticals, but its reality.

But A and B do not make C (Tax cuts create more revenue) true! And you're wildly over exaggerating A. The economy under trump has continued to improve at nearly the same level as it was under Obama for years. And there's no proof yet that the tax cuts have anything thing to do with it.

And it's not a hypothetical. There is still no proof that cutting taxes alone increases revenue. NONE!

Correlation may not equal causation here - can't really be sure, but there is also no evidence for your original assertation:

"what I was opposed to was the huge corporate tax, which as we've seen so far has only lined the corporations pockets...they're not investing, hiring or raising pay as much as the GOP had hoped...and that's why the deficit keeps growing and growing and growing."

You cannot say that the corporate tax reduction is the cause for our growing deficit. It simply is not true. And that is the point we were arguing with you.

I didn't really say that...but whatever.
02-12-2019 04:25 PM
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RE: [news]Middle class feeling betrayed by Trump when filing taxes - Redwingtom - 02-12-2019 04:25 PM



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