Predictions on Republican Tax Cut and Elections 2018
Bruce Bartlett: “Prediction–EVERY Republican senator will whore himself or herself to pass this tax monstrosity. They should all go to Hell.”
Bruce Bartlett: “Prediction–Democrats will stay home on Election Day 2018 because that’s what they always do best(last word is mine)”
I said it before but it’s worth saying again: If Republicans actually expect lower taxes to lead to higher revenue, why do they never expound on what we should do with all that extra money? And do they have in mind some “crossover point” at which they admit lower taxes will to lead to lower revenues?
Be interesting to interrogate them on that crossover point, loudly and in public. :-)–
Of course what will really happen when revenues dive is Republicans will scream bloody murder about the deficit and the “desperate” need to cut programs that assist lower income folks — instead of simply raising taxes back up to where they had been all along on higher income people. And then they can re-initiate the sham-cycle over (and over) again as many times as they can get away for it.
Be interesting to interrogate the Republican party loudly and in public in advance as to what their response to lower tax revenue might actually be. :-O
That’s funny. In October 2016 Bruce was handicapping Hillary’s chances to be re-elected in 2020.
I’m in Virginia and I plan to stay home. If I do go to the polls, it will be in an attempt to confine the odious Tim Kaine to the dustbin of history. Hopefully, a Berniecrat will challenge him in the primaries.
You will help elect a Republican just like many Dems elected Trump.
Bert:
I am an X-Marine Sergeant and I tolerate a lot of shite. This is garbage. We all bleed alike. This is an extreme which I will not tolerate. Whatever your beliefs are they have not been justified. Good bye, I am trashing you.
Trump just keeps on winning. Now the NFL is on it’s knees: http://www.breitbart.com/sports/2017/11/30/unconditional-surrender-nfl-gives-players-89-million-social-justice-spending-no-condition-anthem-protest-end/
He promised he would keep on winning until we’re sick of winning. Not sick of winning yet.
Oh yeah, market up +300 on tax cut. Hope it comes about.
Breitbart News? What a joke.
Still living on an Obama economy and nothing has been done by Repubs to mutilate it yet. Even the rescission of the 2001/2003 tax breaks and the imposition of higher taxes on the richer in income has not slowed the economy. Again this disproves the time again and again tried false panacea of skewing tax breaks to the 1% of the household taxpayer making >$500,000 and thinking the economy will leap forward. It did not happen as Republicans planned and lied about in 2001. Indeed, even a tax increase on the rich in income by Obama did not slow the economy and it helped match revenues to deficit spending.
Lets get back to the real reason behind this 2:1 proposed tax cut (when compared to the George Bush 31% tax break) to the 1% of the household taxpayers making >$500,000 annually in income. This has little to do with giving a tax break to the 1% and invigorating the economy. It is another McConnell, Trump, Republican effort to wipe the slate clean of any action taken by Obama. Obama increased taxes on the rich in income with the investment tax to fund the ACA and the tax increase coming from other taxes on capital gains and income with the sun setting of the 2001/2003 tax breaks. And yet, the economy keeps on going like the pink bunny. The only thing which might make the economy stumble is a tax break such as what McConnell, Ryan, and Trump propose skewing almost 66% of it to the 1% of the household taxpayers making >$500,000 annually and then paying for it with cuts in Medicare, Medicaid, and other programs impacting those of far less income. Capisci?
The only line in your comment which I will not repeat here and being on topic is the last line. Automobile inventory is at a 13 year high water mark and that industry will slow down taking with it all of its suppliers. I expect the economy to slow especially with the Fed increasing rates.
Time for some active editing, before it is too late.