What was it the Lyndon Johnson (D-Texas) called the 1957 civil rights act bill again?
You bet. Is that the reason that the 2 years previous to the tax cuts created 200,000 more jobs than the first 2 years under the tax cut.
Again, this moron posts a figure that he thinks makes him seem as if he has a clue. However, the reality of it is he doesn't have a freaking clue about economics, or anything else for that matter.
This link doesn't provide the black employment data I was discussing and you graciously pointed out was better now under the Trump tax laws that Mush hasn't reversed. Lets hope they can make them permanent, as some are coming up on ending in 2025
Bureau of Labor Statistics Data
data.bls.gov
The link above shows that the 2 years previous to the tax cuts created 200,000 more jobs than the first 2 years under the tax cut.
Exactly. Those Trump tax cuts kicked in. Mush is a rich man now. He knows raising his own taxes (the way he promised his rube base) would be a stupid idea (because EVERYONE got a tax cut under Trump). The business tax benefits started ending this year. In 2025 the personal tax benefits across the board begin to end. Make them permanent.
You're a lying idiot. Everyone with an iota of intelligence knows that you are.
Just imagine how the economy would have exploded if Obumma had not raised taxes on all classes. Imagine how the economy would have exploded had folks not bought into the "lockdown" nonsense during the pandemic. I give Biden credit. He hasn't raised taxes the way he promised. Make them permanent.
Just imagine the 1 1/2 trillion we could have saved had your orange jesus not provided a tax cut for the rich which accomplished nothing but making the rich richer. If you're talking about the 2013 tax hikes, Americans earning less than $250,000 were unaffected.
It kept business investment and innovation expanding. It kept 401ks and pension funds for the avg american growing. It doubled the child tax credit from the Obumma era, it expanded the standard deduction for all middle class households to $25K
I was mainly talking about the 19 tax increases seen in 2010 primarily linked to Obummacare. But speaking of 2013 tax law changes....All those $$ millions earned by Obumma did have a positive influence on him too. He had to lock it some of those Bush cuts you guys whined about so much. Obumma began to realize his wallet would be impacted, and the economy would be impacted if he had listened to his rube base. Weird how those tax cuts from Bush continued to work, huh?
| 1 Adult | 2 Adults | 3+ Adults | |
| 2014 | 1% AGI/$95 | 1% AGI/$190 | 1% AGI/$285 |
| 2015 | 2% AGI/$325 | 2% AGI/$650 | 2% AGI/$975 |
| 2016 + | 2.5% AGI/$695 | 2.5% AGI/$1390 | 2.5% AGI/$2085 |
| Capital Gains | Dividends | Other* | |
| 2011-2012 | 15% | 15% | 35% |
| 2013+ (current law) | 23.8% | 43.4% | 43.4% |
| 2013+ (Obama budget) | 23.8% | 23.8% | 43.4% |
| First $200,000 ($250,000 Married) Employer/Employee | All Remaining Wages Employer/Employee | |
| Current Law | 1.45%/1.45% 2.9% self-employed | 1.45%/1.45% 2.9% self-employed |
| Obamacare Tax Hike | 1.45%/1.45% 2.9% self-employed | 1.45%/2.35% 3.8% self-employed |
It did not. Domestic private business investments have been trending up since the 60's.
It did not. Pension plan assets have been growing since 1975.
You're an idiot.
Yeah those tax hikes destroyed the economy. Private business investment increased from 171 billion to 485 billion between 2010 and 2016. UE rate went from 9.8 in 2010 (thanks Bush) to 4.7 when leaving office. GDP increased from 14764 in 2010 to 18968 when leaving office (in billions).
I never said tax hikes destroyed the economy in 2010-2016. I said, think how much better the economy would have grown had they not been messed with.
When it comes to economics, most liberals only under what a journalist reports in a major news paper. The journalist generally has never stepped foot in an economics course or cares to educate themselves on the inner workings of what they are reporting, either. So, you end up with people who think everything involved with the economy happens in a vacuum. And you can forget any attempts at them seeing the possibility of growth being higher if the right policies were put in place.
How do you save money that you never had? I think what you meant is they didn't collect that money.
I can't imagine poor people are buying massive custom made tv lift stands. You must like rich clients or clients with some dollars.
