So they don't have to pay sales tax, gasoline tax.........The poor dont pay taxes. Plus they get paid to overpopulate the nation with all the child tax credits, which is truly silly.
What more do you want?
We are talking about personal income tax here, not business tax. Only an idiot CEO would use the same personal bank account as their business bank account. Tax cuts to the rich only helps them personally, no5 to their business.We live in a symbiotic economy. Tax cuts at the top mean jobs at the bottom. But the real problem is we do not balance the federal budget.
The only tax increase I would support is to get rid of carried interest which one Democrat recently risked her political life to defend (oddly enough). That and perhaps getting rid of all the tax breaks on real estate investment above $1M. We are in a housing crises and too many people are hogging all the affordable homes.
Even Bezos is doing it:
He has enough money and doesnt need our homes as well.
That's far too simple. The inflation we're currently dealing with has been a long time in the making. Arguably starting in the big financial crisis, only exacerbated by all the spending in the pandemic by BOTH Trump AND Biden.How did Biden cause the inflation specifically?
You can't answer that because it was the Fed who caused inflation with their stupidly loose monetary policies during the pandemic. And now it's the Fed killing jobs through rate increases.
But hey, you keep on being a sheep and repeating those spoonfed talking points!
We are talking about personal income tax here, not business tax. Only an idiot CEO would use the same personal bank account as their business bank account. Tax cuts to the rich only helps them personally, no5 to their business.
Biden inflation? How about worldwide inflation. Whose fault is that? Why am I responding to clueless?You can blame Bidenflation for job cuts and higher interest rates.
Sure not everything goes as planned in taxe policy but we need to aim high when crafting it not assume the worst.
Biden 2024!!!! Democrat Supermajority congress 2024!!!! All 3 remaining phases of 2nd Ave Funded 2024!!!! Bridge extending LIE from LI to Rhode Island 2024!!!!!Because Amazon paying zero corporate taxes helps everyone, right?
Some people fail to discuss the other side of this debate. For being a world superpower our infrastructure is embarrassingly bad. Roads, bridges, etc don't get built for free.
Can you imagine the discussion back when the Hoover Dam was built. People like FDC bitching about spending and not giving enough kickbacks to the rich. Meanwhile that was one of the most successful infrastructure projects in the countries history.
Ever heard of the number Twitter employees the same CEO of SpaceX laid off???Ever hear of Blue Orgin or SpaceX? Lots of jobs there.
Is that a for real? LIE from LI to RI? Connect via Block Island?Biden 2024!!!! Democrat Supermajority congress 2024!!!! All 3 remaining phases of 2nd Ave Funded 2024!!!! Bridge extending LIE from LI to Rhode Island 2024!!!!!
Payouts to the states of Texas, Florida, Arkansas, and South Dakota.Ok, I'll play.
What spending would you cut that will drastically impact the equation? Show your work.
Is that a for real? LIE from LI to RI? Connect via Block Island?
Wow, that would be quite a project. I lived in Groton, CT for 6 years from 1980 to 1986.
That's far too simple. The inflation we're currently dealing with has been a long time in the making. Arguably starting in the big financial crisis, only exacerbated by all the spending in the pandemic by BOTH Trump AND Biden.
Once you realize that inflation is the friend of those with debt and low interest rates, and the US national debt is enormous, you realize that those in power don't WANT to bring down inflation. The fact that that last bill was called "Inflation Reduction Act", while in reality probably effecting the opposite shows that Biden is definitely complicit, but it's certainly not all his fault.
Nah just playing politics with that naming. Anything to pretend to the voting public the federal government can actually control inflation.The fact that that last bill was called "Inflation Reduction Act", while in reality probably effecting the opposite shows that Biden is definitely complicit, but it's certainly not all his fault.
Ever hear of Blue Orgin or SpaceX? Lots of jobs there.
You can blame Bidenflation for job cuts and higher interest rates.
Sure not everything goes as planned in taxe policy but we need to aim high when crafting it not assume the worst.
the OP seems to be one of these idiots that believes you can repeatedly cut taxes and still have a functional government.
...and NOT creating jobs or increasing wages.Or, we can blame Trump's useless tax cuts for rich people, blowing up the deficit to provide excess capital to the wealthy, that they have been wastefully using to buy up assets and running up prices for regular folks.
1) government spending is not the same as household spending. The USG can literally print money via the fed.Taxes taxes taxes....
They all enjoy spending your tax dollars.
Republicans spend on things that they want and democrats spend on things to benefit the middle class, but both sides love the spending. If it benefits the rich then republicans will justify it, and if it benefits the middle class then democrats justify it. This spending only mirrors the citizenry. Government spending is out of control and credit card debt is out of control. Maybe, just maybe the real culprit is capitalism. Capitalism was considered a pretty good concept at one time but with capitalism comes greed, then capitalism becomes an awful concept and the #1 reason things are so bad today.
Gas prices too high? So what, the oil company are making a killing on profits. Groceries too high? So what, the Walmart family are raking in the profits big time. Everyone wants to screw everyone else when it comes to making a buck. And to have a reason to screw others just makes it easier regardless whether that reason is justified. I remember the water shortages during hurricanes and floods, clean water was hard to come by and a bottle of water went from 99 cents to 5 bucks a bottle. Why? Greed.
Capitalism does not have a heart nor a soul. It's all about the money and how to bring in more.
monetary + fiscal effects might be half of it. the bigger part is real effects from the arab oil embargo , consumers whipsawing spending from services to goods, supply chain disruptions that went from china all the way to the final retailer, then russia getting kicked off of world markets and agricultural disruptions from russia no longer supplying fertilizer and ukraine not supplying grain. and then in a price-increasing regime it's easier to raise prices and keep them up when your 'competitors' in the oligopoly are of the same mindset. much easier to do that when there's 4 people at the table than 100 (i'm looking at you, chicken processors).How did Biden cause the inflation specifically?
You can't answer that because it was the Fed who caused inflation with their stupidly loose monetary policies during the pandemic. And now it's the Fed killing jobs through rate increases.
But hey, you keep on being a sheep and repeating those spoonfed talking points!
To be honest, I don't understand the mindset behind trickle-down economics. If I cut Walmart's taxes, why would that implore them to open new stores or create more jobs? It seems to be based on the idea that "they have more money available!"; however, while I'm not an expert on this subject, that doesn't seem to be how a good business works. A good business will attempt to push for both short-term and long-term growth potential, and if adding the stores or jobs is beneficial, why wouldn't they just do it without tax breaks? They likely would.
Now, if you attempted to tie the tax cuts specifically to things such as job creation, then you might have something more useful. Albeit, we've seen companies abuse the concept of tax breaks to make local and state municipalities essentially fund buildings and infrastructure for multi-billion-dollar companies. (This has been seen in sports stadiums, manufacturing plants, etc.) In the end, the expenditure per-job (in lost tax revenue) ends up being quite high, and I'd be heavily worried about how that skews far more toward short-term benefits for the government (i.e., the influx of workers) without a focus on the long-term cost (i.e., infrastructure, housing, etc. to support the influx).
Also, if you focused more on small business, then I think you also have a more viable plan. I specifically mention small businesses, because they tend to have far less capital at play, and the idea of opening a new location or hiring more employees tends to put far more strain on the business. Although, given that small businesses don't exactly have the huge lobbying power of the giant corporations, I highly doubt you're going to see nearly as much of a push for them.
Some inflation is good. The problem is that people's wages haven't been rising along with it because you insist on voting Republican. You vote Republican because you believe that tax cuts create jobs and also don't create jobs. Being able to hold two opposing opinions at the same time is the hallmark of conservative thinking.Sure, there are some downsides when you give tax cuts across the board. Not all money will be reinvested into new jobs per se, but spent on stupid things like stock buybacks, another yacht for an American oligarch like Bezos and idiots on Youtube who buy Lamborghinis and trash them to get more views because they are making millions of dollars in Adsense revenue. Plus, that Lambo is 100% deductible as a show production expense!
Being that most of the largest companies are publicly owned, their resulting rise in market capitalization after the passage of the 2017 tax cut resulted in a the stock market nearly quadrupling (ie the Nasdaq 100 QQQ index went from the low 100s to over 400 in just 4 years).
Granted some of that astonishing gain in the market was due to the excessive and wasteful 15 trillion dollars in government spending passed by both Republicans and Democrats over Trumps and Bidens admins in just 2 years on "covid relief", "infrastructure" and one dumb stimulus package after another. Then comes the Fed with its stupid and ill advised purchase of 9 trillion dollars of that debt to suppress market rates (Quantitative Easing).
You dont want to kill the golden job creating goose to eat a meal for just one day when all you need is its eggs.
No, what we need is for the government to stop spending so much money and keep the current tax regime in place.
By golden goose do you mean corporations like Amazon paying zero income taxes? That goose needs to be carved up a little.Sure, there are some downsides when you give tax cuts across the board. Not all money will be reinvested into new jobs per se, but spent on stupid things like stock buybacks, another yacht for an American oligarch like Bezos and idiots on Youtube who buy Lamborghinis and trash them to get more views because they are making millions of dollars in Adsense revenue. Plus, that Lambo is 100% deductible as a show production expense!
Being that most of the largest companies are publicly owned, their resulting rise in market capitalization after the passage of the 2017 tax cut resulted in a the stock market nearly quadrupling (ie the Nasdaq 100 QQQ index went from the low 100s to over 400 in just 4 years).
Granted some of that astonishing gain in the market was due to the excessive and wasteful 15 trillion dollars in government spending passed by both Republicans and Democrats over Trumps and Bidens admins in just 2 years on "covid relief", "infrastructure" and one dumb stimulus package after another. Then comes the Fed with its stupid and ill advised purchase of 9 trillion dollars of that debt to suppress market rates (Quantitative Easing).
You dont want to kill the golden job creating goose to eat a meal for just one day when all you need is its eggs.
No, what we need is for the government to stop spending so much money and keep the current tax regime in place.