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The Trump Economy


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ECONOMIC NATIONALISM: TWO CAN PLAY THAT GAME!

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President Trump’s “America First” policy applies to the economy as well as to foreign policy. He has stood up for American companies, has fought back against unfair practices by China and other competitors, and has browbeaten American companies into creating jobs at home. To some, these policies are reminiscent of the good old “industrial policy” that liberals championed decades ago. The Democrats are starting to catch on.

 

As many have noted, Elizabeth Warren has taken the lead in promoting Trumpian economics–out-Trumping Trump, as some have said. This is, I think, a sign of things to come.

 

 

A new type of Me-Too..........:lol:

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7 minutes ago, 3rdnlng said:

"We'll have those ex cons voting republican for the next 100 years."

does this mean that the ACLU is going to request they hold off because it has evidence that this is going to increase Republican political power?

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2 minutes ago, Foxx said:

does this mean that the ACLU is going to request they hold off because it has evidence that this is going to increase Republican political power?

Probably. Are you familiar with the quote I referred to?

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6 minutes ago, Foxx said:

i'ma gonna go out on a limb here and say it's not Bernie your referring to, right?

 

3 minutes ago, Buffalo_Gal said:

 

LBJ, and it wasn't ex-cons, it was a derogatory work for people who are black.

 

https://www.intellectualtakeout.org/blog/did-lbj-say-ill-have-those-nggers-voting-democratic-200-years

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11 minutes ago, Koko78 said:


Possibly. That site says the reason they say it isn't accurate is because snopes says it isn't accurate. :wacko:

Anyhoooo it still stands that the quote is ascribed to LBJ and that was the reason for @3rdnlng's play on words. 

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3 minutes ago, plenzmd1 said:

Interesting article. Just perusing while waiting on some happy hour folks. Seems could be for  a host of reasons

 

 


I want to start with... doesn't matter what is collected as long as Congress doesn't stop the uncontrolled spending. The government can collect a gazillion dollars in tax revenue and you can bet two gazillion gets spent for more deficit spending. ?

Possible reasons listed in the article:

</snip>
 

One reason, CBO says, could be that companies shifted deductible expenses — like funding for their workers’ pensions — into 2017, when the corporate rate was still 35 percent, because that made those deductions worth more. That would still show up in the government’s data for the 2018 fiscal year, which began in October 2017. The agency doesn’t know the extent to which that might be happening.
 

Other analysts see other possibilities.
 

Companies may be making greater use of so-called expensing, an incentive that allows them to immediately write off the cost of investments rather than having to stagger them over a number of years. Having more stuff to deduct means smaller tax bills. If that’s the case, it could mean receipts will rebound in coming years because companies will not have those write-offs available to them in the future.
 

Another potential explanation: Trump’s tariffs, which could hurt corporate tax revenues in two ways. If a U.S. company that relies on components made in China suddenly sees the cost of those items increase, it will have more to deduct as business expenses. Alternatively, if a company is seeing fewer sales because it is passing along the cost of the tariffs to its customers, it will have fewer profits to tax.
 

“You either reduce business receipts or increase deductible costs, and either of those things reduce corporate taxable income,” said Pomerleau. “It may mean corporate tax liability is lower than we expected not because our projections of the TCJA were wrong, but maybe because we didn’t account for the fact that tariffs were going to lower corporate receipts.”
 

A fourth possible factor: The law isn’t reducing profit shifting by multinational corporations as much as forecasters expected. By cutting the corporate rate, the Tax Cuts and Jobs Act was supposed to reduce the incentive for companies operating in multiple countries to stockpile profits abroad, out of the reach of the IRS.

</snip>

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2 hours ago, plenzmd1 said:

Interesting article. Just perusing while waiting on some happy hour folks. Seems could be for  a host of reasons

 

 

That's only part of the story. Overall revenues are up because of increased income taxes. Hmmmn, cut the corporate tax rates and individual tax rates and revenue goes up? What a novel idea.

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2 hours ago, 3rdnlng said:

That's only part of the story. Overall revenues are up because of increased income taxes. Hmmmn, cut the corporate tax rates and individual tax rates and revenue goes up? What a novel idea.

 

Liberal version:  Workers forced to pay more in income taxes so corporations can pay less.

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1 hour ago, keepthefaith said:

 

Liberal version:  Workers forced to pay more in income taxes so corporations can pay less.

 

Those poor workers. The evil corporations must be punished for employing and paying labor!

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“Business investment is slowing, uncertainty has increased, and the U.S. economy is growing at a ‘moderate’ pace, the Fed said Wednesday, a notable downgrade from last month when the central bank characterized the economy as ‘solid.’ The Fed indicated it would take action 'as appropriate' if the economy shows any more signs of decline.”

 

https://www.washingtonpost.com/business/2019/06/19/federal-reserve-expresses-concern-about-us-economy-signals-likely-interest-rate-cut-soon/?utm_term=.b19ed5bd4591

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4 minutes ago, Tiberius said:

“Business investment is slowing, uncertainty has increased, and the U.S. economy is growing at a ‘moderate’ pace, the Fed said Wednesday, a notable downgrade from last month when the central bank characterized the economy as ‘solid.’ The Fed indicated it would take action 'as appropriate' if the economy shows any more signs of decline.”

 

https://www.washingtonpost.com/business/2019/06/19/federal-reserve-expresses-concern-about-us-economy-signals-likely-interest-rate-cut-soon/?utm_term=.b19ed5bd4591

So what? Besides, you're using fake links.

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