It's Official: Trump's Tax Cuts Paid for Themselves

[Andre Jute]

According to the Congressional Budget Office, the Trump tax cuts more than paid for themselves, increasing tax revenues 2018 to 2022 by a massive 44%. Stephen Moore, who worked with the other economists on the program, is justified in a bragging a little.
https://townhall.com/columnists/stephenmoore/2023/01/24/its-official-trumps-tax-cuts-paid-for-themselves-n2618646
>
Andre Jute
Economists too give patriotic service, just like soldiers.
>

[funkma...@hotmail.com]

On Thursday, January 5, 2023 at 11:09:54 AM UTC-5, cycl...@gmail.com wrote:
> https://groups.google.com/g/rec.bicycles.tech/c/986D_mm3Twk/m/NTbOFqXWAQAJ
>
> This Group would be a far better place without the Stupid five..
> The cite would return to information MOSTLY but not entirely about bicycles as it was when Jobst moderated it.

[AMuzi]

Art Laffer, who's still alive, is vindicated once more.

--
Andrew Muzi
<www.yellowjersey.org/>
Open every day since 1 April, 1971

[sms]

On 1/24/2023 12:09 PM, AMuzi wrote:
> On 1/24/2023 11:36 AM, Andre Jute wrote:
>> According to the Congressional Budget Office, the Trump tax cuts more
>> than paid for themselves, increasing tax revenues 2018 to 2022 by a
>> massive 44%. Stephen Moore, who worked with the other economists on
>> the program, is justified in a bragging a little.
>> https://townhall.com/columnists/stephenmoore/2023/01/24/its-official-trumps-tax-cuts-paid-for-themselves-n2618646
>>>
>> Andre Jute
>>   Economists too give patriotic service, just like soldiers.
>>>
>
> Art Laffer, who's still alive, is vindicated once more.

LOL, except it's not true. The tax cuts caused a loss of about $3.7
trillion.

[AMuzi]

On 1/24/2023 2:48 PM, sms wrote:
> On 1/24/2023 12:09 PM, AMuzi wrote:
>> On 1/24/2023 11:36 AM, Andre Jute wrote:
>>> According to the Congressional Budget Office, the Trump
>>> tax cuts more than paid for themselves, increasing tax
>>> revenues 2018 to 2022 by a massive 44%. Stephen Moore,
>>> who worked with the other economists on the program, is
>>> justified in a bragging a little.
>>> https://townhall.com/columnists/stephenmoore/2023/01/24/its-official-trumps-tax-cuts-paid-for-themselves-n2618646
>>>
>>>>
>>> Andre Jute

>>> Â Economists too give patriotic service, just like

>>> soldiers.
>>>>
>>
>> Art Laffer, who's still alive, is vindicated once more.
>
> LOL, except it's not true. The tax cuts caused a loss of
> about $3.7 trillion.
>

You are mistaken:
https://www.thebalancemoney.com/current-u-s-federal-government-tax-revenue-3305762

Tax cuts and tax simplification return higher tax revenues
to the treasury.

Others frequently conflate more efficient tax revenue with
partisan social policy:
https://reason.com/2012/01/27/obamas-bogus-case-for-tax-fairness/

You are not alone in that error:
https://www.youtube.com/watch?v=gJimLZRC9N8

[Tom Kunich]

Only a worthless ignorant Democrat/communist wouldn't understand that if you allow companies to operate freely, that the profit motive would increase taxable income. But hey, that's a pretty apt description of Krygowski, Flunky, Liebermann and Scharf.

[Tom Kunich]

Scharf is a communist and it is the practice of communists to lie about anything and everything. I shall forward this to the National Republican Committee as well. That he is so willing to lie about the national tax income proves beyond the shadow of a doubt that he is communist to his very core. But the people of his city discovered that the day after he was elected to the counsel and they didn't repeat that mistake.

[sms]

On 1/24/2023 1:00 PM, AMuzi wrote:

<snip>

> You are not alone in that error:
> https://www.youtube.com/watch?v=gJimLZRC9N8

You can begin your education here
<https://news.yahoo.com/3-myths-about-the-trump-tax-cuts-155801290.html>.

[AMuzi]

From your link:

"the 2017 Tax Cuts and Jobs Act (TCJA), as it was known,
simplified tax filing for many families and lowered the tax
rates most filers pay. "

But it also notes a chronic complaint of mine- reckless
indefensible spending, of which the 115th and 116th Congress
and Mr Trump himself are flagrantly guilty. Excess spending
certainly damped potential growth effects.


In theory, just after the legislation:
https://taxfoundation.org/2017-tax-cuts-jobs-act-analysis/

Actual effects which happened (this month)

https://cnsnews.com/commentary/stephen-moore/its-official-trumps-tax-cuts-paid-themselves

Mr Brady wrote an elegantly effective tax reform. That
legislation does not perform in a vacuum.

[Andre Jute]

Old economists are better economists*. Mistakes are so expensive that maturity of judgement is at a premium. But Laffer appears to have been born with a wise head on his shoulders, which is probably why the Gaffer picked him from the horde of babyfaced innocents** around in economics at that time. -- AJ
>
*The same is not necessarily true of all professions. Read Tom Wolfe's From the Bauhaus to Our House to discover why it isn't true of architects.
>
**Me too. I had an offer for a tenured chair at a distinguished business school that I was seriously considering at the time -- a family man with baby on the way needs an assured income and I had already done motor racing and advertising -- when Warner offered me a nice-ish seven figure sum for my first novel. And I'm not flattering myself: until I was pushing 60 clients and publishers, often younger than me, used to call me "son". (You will not be surprised to hear that the older I got, the less I minded.)
>

[Andre Jute]

Are you sure Scharfie's a Republican, Tom? I thought Scharfie was pulling your chain when he claimed to be a Republican. If you listen to his opinions and his Maoist talk of re-education camps (next stop "a few necessary murders" followed by "a little genocide), he actually sounds too scary even for today's Donkey Party. Be foolish for the Republicans to let such a fascist in, and even more foolish to let him remain a member when he's on record with these extreme opinions. -- AJ
>

[Frank Krygowski]

Tom's legendary "memory" apparently lost track of his promise to stick
to bike topics.

There must be an intelligent and disciplined Economics discussion group
where economic questions might be debated.

But the hacker amateur economist-wannabees posting to r.b.tech would be
be summarily shown the door in such a group.

Hence, we have to put up with them here.


--
- Frank Krygowski

[funkma...@hotmail.com]

On Tuesday, January 24, 2023 at 8:23:00 PM UTC-5, AMuzi wrote:
> On 1/24/2023 6:20 PM, sms wrote:
> > On 1/24/2023 1:00 PM, AMuzi wrote:
> >
> > <snip>
> >
> >> You are not alone in that error:
> >> https://www.youtube.com/watch?v=gJimLZRC9N8
> >
> > You can begin your education here
> > <https://news.yahoo.com/3-myths-about-the-trump-tax-cuts-155801290.html>.
> >
> >
> From your link:
>
> "the 2017 Tax Cuts and Jobs Act (TCJA), as it was known,
> simplified tax filing for many families and lowered the tax
> rates most filers pay. "
>
> But it also notes a chronic complaint of mine- reckless
> indefensible spending, of which the 115th and 116th Congress
> and Mr Trump himself are flagrantly guilty.

It's good to see there are some conservatives who understand deficit spending is not a partisan problem. Too bad Stephen Moore had his partisan blinders on when he wrote his op-ed piece.

[Andre Jute]

Another Kreepy Krygowski lie. You don't have to put up with anything, Krygowski. I'm not in your threads. But you're in mine all the time, leaving a trail of your slime behind you, in your failed, futile pursuit of Tom. And then you have the cheek to complain about it. You're not only slime, you're hypocritical slime.
>
If you still think a tenth rate instructor at a provincial redbrick can tell me what I can say and where I can say it, you're a real slow learner. Everyone else, except Flunky, who is even dimmer than you are, has already noticed that you've been trying to run me out of RBT with zero success for a dozen years or so. And what is this, the twentieth year that you're hounding Tom, and everyone sees him running circles around you and your gang of petty street wannabe bullies, now much reduced because of your stupid choice of subjects -- you're about as sensitive as a concrete pillar, Franki-boy. Have you ever done anything right in your entire miserable life?
>
Unsigned for the obvious reason.
PS. Scoot out of my thread, will you, Franki-boy. Just fuck off.
>

[Frank Krygowski]

On 1/25/2023 5:23 AM, Andre Jute wrote:
>
> Scoot out of my thread, will you, Franki-boy.

Ha! So a failed wannabee writer is trying to take control of Usenet by
being obnoxious.

And <gasp> he didn't sign his post! Oh, how will I ever cope?

:-)


--
- Frank Krygowski

[Tom Kunich]

That was written by Rick Neuman who cannot get an honest job and so writes for Yahoo and CNN which is going under due to idiots like Neuman. Among his beliefs is that a healthy economy requires a large federal deficit and the larger the better. These are the same as Janet Yellen who finally apologized and said she was wrong. Leave it to a communist piece of shit like Scharf to call that article :"education".

[Tom Kunich]

He ran under that banner but never will again. He is straight communist.

[Frank Krygowski]

On 1/25/2023 12:01 PM, Tom Kunich wrote:
>
> That was written by Rick Neuman who cannot get an honest job ...

That reminds me: Several times in the last year you bragged about
companies that wanted to hire you. We haven't heard anything since.
How's that going?

--
- Frank Krygowski