Yes, facts are facts, except when from politicians and their camp followers. If I might cite an article from the liberal magazine Slate about the 1982 Tax bill: " O n the other hand, most of Dole’s tax increase was actually the partial repeal of future tax cuts that had been enacted in 1981 but had not yet taken place. Despite Dole’s bill, taxpayers received more than $375 billion in tax cuts over the following three years. (This did not deter Dole’s supply-side critics, led by Jack Kemp,...
Perhaps you should tell the Treasury Department. Facts don't have a side, they're just facts. Revenue effects of major tax bills since 1968. Table 2. Page 3. https://www.treasury.gov/resou...s/WP81-Table2013.pdf
Not sure about their methodology, but looking at the goobermint's revenue figures: or https://www.usgovernmentrevenu...USb_20s1li011lcn_F0f Except for the recession caused by the Fed wringing out inflation, I would say that revenue grew over the Reagan era. But I guess with enough political "what if" assumptions from the politicians who asked for the Treasury report, anything can happen.
Nice attempt , but who is arguing that revenue didn't increase? Taxes were raised almost every year after the cuts of 81. Let me put it in terms even Dire can understand. Tax cuts of 81, around 2.8% of gdp total of tax increases until 1990 2.9% of gdp. Republicans made huge cuts in 81 and spent the next 8 years increasing taxes trying to gain revenue.
The chart I referenced shows exactly what happened , according to the Treasury Dept. with those tax cuts in 86. Can you not read the chart? Do you not understand the facts? The first year or two they may have produced revenue, but by year 4 they were having a negative effect on revenue. Check the facts. Plain and simple.
Typical democratic spin. Trying to be clever with the title, "Texas Republicans", and posting the story AFTER the vote. Why didn't you give the results? Wouldn't have worked with your little propaganda ploy, would it?
If you don't see the problem with this even being an issue, you're part of the problem. Spin has zero to do with the article. I didn't write it. Parts of the Texas GOP tried to remove an elected official because of his Religion. What part of that did I spin into propaganda? I'm sure it's the Democrats fault, in your world.
Of course the anti American hypocrite liberals can't say a word about Comey, Brennan,Helda, Clapper (coup leaders) and a cast of hundreds to take down a presidential candidate/sitting president. Please justify those actions without lying---
The real facts are this chart: In spite of the fact that people kept more of their own money, revenue still grew greatly during the years that the first iteration of tax cuts were in place. Even though future years cuts were rescinded, people still had the lower rates of the first year (max 50%). Again, if the the 1986 tax bill was so bad, why did both Clinton and Ol'bama essentially keep the Reagan cuts? The top rate started out at 38.5% before dropping to 28% during Reagan-Bush before...
So, you just don't like the report and your biggest concern is why Democrats didn't try to go back to a 70% tax bracket? Well, the only answer I can come up with is, running a campaign on raising taxes wouldn't be a popular idea, would it.
Problem with the graph is it shows "total government revenue," not just tax receipts. Its the mandatory vs. budgeted revenue/spending. Total revenue includes all taxes (personal and corporate income taxes, tariff and excise tax revenue, which is the budgeted spending Congress must authorize annually). Versus, other revenue, including Medicare and Social Security contributions from employees and employers, about a dozen pension trust fund contributions, including but not limited to two civil...
You made a major mistake as to what you were commenting on! Thus, causing a major misunderstanding. Facts are facts, yes! Mach 1 is a fact. Warp 1 is a fact. However, Warp 1 is always faster then Mach 1.
As always, one little wording change to make what you post completely false... Warp 1 is always faster THAN Mach 1. See, one doesn't follow the other. Just like what Republicans say and what Republicans do. One doesn't follow the other.
Again, I gave my totals in everything from charts to %gdp. The facts show taxes were raised to generate income because the tax cuts failed to generate the income claimed by Republicans. The same holds true today as in the 1980s. Your choice to play semantics instead of being truthful speaks volumes to your character. The Republican tax cuts of last year stand to add 1.8TRILLION$ to our National Debt in the next 8 years. *CBO report.
Liberalism is a mental disease, coming out of that basement probably wouldn't help the ignorant especially those who fear the real world. That would be the reason socialist/liberal anti Americans invent their own little dark corner.. Very sick people---
I believe The Shadow 's CBO report is already blown. While CBO guesstimates generally fall apart after a couple of years, the one you cite fell apart in less than a year. The guesstimate called for GDP numbers as feecal as the Ol-bama era's pitiful average. But cheer up, the Federal Reserve is trying to raise rates and unwind the $4.5 Trillion of Quantitative Easing intended to rev up the stagnant Ol'bama economy. https://www.reuters.com/articl...-hikes-idUSKCN1L728Q As to "facts" about...
Trump said 'if you vote for Hillary, you'll have a President under FBI investigation from the start'. Probably the only true statement he's made in his life. I voted for Hillary and I've had a POTUS under FBI investigation from day one.
Which was created by the Beast, FBI, CIA and dozens more, two years have passed and nothing on Trump but indictable evidence is found on all the above treasonous anti America thugs. I can't seem to find your only true statement, haven't posted it yet have you..??
You suffer from Clinton Derangement Syndrome. Republicans have been blaming their problems on the Clintons for in excess of 20 years. Republicans are either so ignorant or so inept they can't catch the Clintons with a 20 year head start.
Actually the CBO provides crystal ball projections with political overtones (assumptions usually given by the requesting party); Treasury deals with raw data and sometimes political spin. The analytic part of the Fed deals with what actually happened and other departments will produce both good and questionable studies ( I believe it was the Boston branch that created the erroneous report that inspired the laws in 1994 that made buying a house too easy which factored into the 2008 bust.).
A North Carolina woman testified Monday that she illegally picked up and falsified absentee ballots in a 2018 congressional election under the direction of a political operative who was working on behalf of the race's Republican candidate. In the first day of the North Carolina State Board of Elections hearing into election irregularities in the 9th District race , Lisa Britt detailed how the operation worked. The race is the last undecided contest from the 2018 midterm election and the...
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