Let the truth be known
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Re: Let the truth be known
Which party adds more to deficits?
Hint: it’s the Republicans
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Tax Cuts Do Not Pay For Themselves
Both the Bush and Trump administrations argued that “tax cuts pay for themselves” as each passed significant tax cuts soon after taking office. The data suggests that this logic is faulty, as tax rates in the U.S. aren’t high enough to produce significant behavioral changes when they are reduced, and typical reductions aren’t large enough to have immediate impacts. Instead of spurring economic growth and thus more revenues, tax cuts simply increase budget deficits.
The discussion surrounding taxes and budget deficits tends to re-open every election season, as Republicans and even some Democrats worry about large deficits and a growing national debt.
While Republicans often claim that they are the more fiscally responsible party, my research suggests otherwise. Compared to Democratic presidents, Republicans are estimated to add between 0.75% and 1.2% more to the deficit (as a percent of GDP) each year they are in office. This result controls for economic conditions, and explains 75% of the variation in the annual changes to deficits.Comment
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Re: Let the truth be known
Which party adds more to deficits?
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Tax Cuts Do Not Pay For Themselves
data
The discussion surrounding taxes and budget deficits tends to re-open every election season, as Republicans and even some Democrats worry about large deficits and a growing national debt.
While Republicans often claim that they are the more fiscally responsible party, my research suggests otherwise. Compared to Democratic presidents, Republicans are estimated to add between 0.75% and 1.2% more to the deficit (as a percent of GDP) each year they are in office. This result controls for economic conditions, and explains 75% of the variation in the annual changes to deficits.Comment
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Re: Let the truth be known
I will say it again. What is in Trumps tax return that he is so afraid of? He claims to be richer than God, so we would expect lots of income. He claims to pay his share of taxes so if telling the truth, he shouldn't be afraid of that.
Yes, there is the right of privacy. Didn't he realize that becoming a publicly elected official, investigations are initiated to explore conflict of interests, outright lies and tax avoidance and should be done to protect the public's interest? Or did he just think we would give him Carte Blanche to do whatever he felt like to create wealth for himself and allies as a result of his office.
The other Presidents apparently had nothing to hide.
So once again, what is he trying to hide? There has to be something there.
C'mon Trump, are you a coward?I've proved mathematics wrong. 1 + 1 doesn't always equal 2.........
Especially when it comes to sexComment
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Re: Let the truth be known
I will say it again. What is in Trumps tax return that he is so afraid of? He claims to be richer than God, so we would expect lots of income. He claims to pay his share of taxes so if telling the truth, he shouldn't be afraid of that.
Yes, there is the right of privacy. Didn't he realize that becoming a publicly elected official, investigations are initiated to explore conflict of interests, outright lies and tax avoidance and should be done to protect the public's interest? Or did he just think we would give him Carte Blanche to do whatever he felt like to create wealth for himself and allies as a result of his office.
The other Presidents apparently had nothing to hide.
So once again, what is he trying to hide? There has to be something there.
C'mon Trump, are you a coward?
What is a better question is what is in those returns that the Democrats are so afraid of. At any time after Trump announced he was running for President, Then President Obama could have instructed the IRS to complete the audits.Comment
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Re: Let the truth be known
As long as the IRS is still auditing his returns he cannot release them.
What is a better question is what is in those returns that the Democrats are so afraid of. At any time after Trump announced he was running for President, Then President Obama could have instructed the IRS to complete the audits.Comment
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Re: Let the truth be known
OmertÃComment
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Re: Let the truth be known
“Investigations are initiated to explore”.........in other words, they’re not investigating a crime that occurred, they’re HUNTING for something they could possibly paint as a crime. Doesn’t make a whole lot of sense! It’d be like the cops coming to my house (even though I haven’t done anything) and then looking around until they found something that could be considered “criminal”. Get what I’m saying?
If there was something wrong with his taxes, the IRS would have sounded the alarm! They haven’t. No court cases. No charges. Not even a mention from them about something being fishy.
Past presidents have “voluntarily” given that information, but it’s NOT REQUIRED BY LAW!!
Again if there's Nothing To HIDE why Hide them
Defrauding the States or Federal Government is a crime
Nice guys are always under audits Ha Ha Ha Ha
No worries NY state is already making the caseLast edited by bsm2; 10-11-2021, 12:57 PM.Comment
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Re: Let the truth be known
It's called privacy...that's why private citizens don't have to reveal theirs.
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Re: Let the truth be known
I know what you are saying and to some point I agree. It's all about the "Boys (and girls) Club" Once you get so damned rich you can do anything you want and at most just get a hand slap now and then. Trump is no different than the CEO's out there. They have their hands in everything, some of it is "legal" but that doesn't make it morally right. The CEO's sit on each others boards, give each other raises, bonuses, perks, IE scratch each other's backs. The stock market is rigged by these crooks. I used to be involved with the stock market until I realized how corrupt it is. A stock loses value because of a net business loss. What you have to dig for is where that net loss occurred. If you dig deep enough on several, you will find that the company actually made a profit, but the profit was paid out as bonuses to the execs running the company because the company made a profit. No wonder we can't compete in the global market anymore. Anyway Trump is just a member of this club. He knows exactly what it takes to make money, drive a business into the ground, and walk away unscathed just like all of the other CEO's out there.
What I find interesting is there will never be a law produced to protect the commoners like us fixing office equipment from corruption in government or business. The lawmakers belong to the "club" also. They don't bite the hand that feeds them.
My bet says Trump has more money gaining tax free gains in overseas accounts than he has in the US. Just like all of the other CEO's. I bet he even writes off the toilet paper he uses as he needs it as upkeep to his image. I'm sure it's "probably" legal also. Hell the Kardasians write off all of their trips and vacations as business expense. All they have to do is take a selfie in the Carribean and it suddenly become a business expense. I wonder what would happen if you and I tried that?I've proved mathematics wrong. 1 + 1 doesn't always equal 2.........
Especially when it comes to sexComment
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