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Previous Administration / Re: Trump Administration
« on: August 11, 2018, 11:51:43 PM »you seem to overlook the obvious that going from no job TO a job means a big raise, while you duck the also-obvious that even though a growing economy often stirs up inflation the wage increases and lower taxes boosted consumer spending the largest sector affecting GDP.The fiasco of democrats jousting with the Emlouments Windmill would certainly be a 24/7 futile exercise if Trump’s tax returns were available.
Outside of some other possibilities, this is why Trump won’t release his tax returns.QuoteThe hyped benefits are, so far, all hype. Republicans sold the cut as primarily a booster for middle class wages. Wages this year haven’t kept up with inflation, so real wages have gone down in 2018, especially for people below the top 25%.Wrong. Real wages have gone UP for everyone along with the GDP while unemployment has gone DOWN. Any rise in inflation does not change that. But I notice your faulty logic begs the question “ “ what if there were no tax cuts while inflation went up”?QuoteThe same people Paul Ryan & Co. promised big raises to (remember that $4,000/year number?) haven’t seen squat while stock buybacks set records. People who don’t pay attention to the daily back and forth of politics notice when they look at their paychecks once or twice a month and see that they have been lied to.LOL. More people now have paychecks to look at thanks to the tax cutsQuotethe increase in Social Spending was the democrats’ price tag for the tax cuts.
Democrats have done a good job articulating the trade-offs, and (accurately) describing Republican priorities. I think it was Connor Lamb who had the ad that highlighted how quickly Ryan pivoted from passing the $1.5 Trillion tax cut to proposing cuts in social spending.QuoteRepublicans spent 8 years hyping the dangers of a deficit, and while they are strangely silent on that now, people remember. And no one who isn’t a deeply indoctrinated right winger believes the bullshit that tax cuts pay for themselves anymore.Hypocrisy, squared. Hillary ran on eliminating energy jobs and higher taxes. Trump ran on lowering taxes and preserving energy jobs.
Sorry for quoting the entirety of an entirely useless response, but I can’t cut out the bit where REDSTATEWARD says a rise in inflation doesn’t change real wages so that I can point out that real wages by definition adjust for inflation.
When a “raise” doesn’t result in an increase in buying power it’s not really a raise. And when you are in over your head in a discussion REDSTATEWARD, best sit there quietly and learn something.
You also are oblivious to the news that despite a tax cut for individuals the CBO says tax revenues for the first 10 months of 2018 are HIGHER than last year by 8 per cent or 104 Billion dollars.
The deficit went up because of increases in entitlement spending.
But the bottom line is even with a tax cut for individuals withholding from paychecks increased by $32 billion, which “largely reflects increases in wages and salaries.”(CBO).
It probably shocks you that a faster-growing economy employs more people who make more money.
Which is exactly what has happened.