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Thread: Trump's Tax Reform

  1. #11

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    I'm getting tired of winning.

    Please President Trump... let's take a small break!

  2. #12

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  3. #13

  4. #14
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  5. #15

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    The treasurer, Scott Morrison, has claimed Australia’s economy will be deprived of 1% growth in GDP if parliament does not follow the lead of the US president, Donald Trump, and slash Australia’s headline corporate tax rate.


    He has seized on Trump’s tax cuts, overhauling his justification for his proposed $65bn tax cuts to say they are now necessary not because they will add 1% Australia’s GDP growth, but because they will offset a damaging 1% hit to GDP that will supposedly flow from the huge tax cuts in the US without Australia responding.


    He said Treasury analysis, which was handed to the government this week but not released publicly, has pointed out that Australia may experience a significant recessionary impact and a potential downgrade in revenues if it does not lower its corporate tax rate from 30% to 25% in coming years, in response to Trump’s cuts.

    https://www.theguardian.com/australi...t-from-us-cuts

  6. #16
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    Quote Originally Posted by Parkbandit View Post



    Comcast and other ISPs in the US are planning rate hikes for 2018

    http://www.pcgamer.com/comcast-and-o...ikes-for-2018/
    Vote for Gemstone Once a Day at The Mud Connection & Top Mud Sites

  7. #17

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    And, of course, progressive opponents of the GOP tax breaks said the proposal would do real harm to the nation’s finances, and wouldn’t come close to paying for themselves. We can now add this to the list of things Dems got right and Republicans got wrong. Jon Chait had a good summary of the latest findings from the Congressional Budget Office.

    The new projections by the Congressional Budget Office, the first federal budget analysis to be released since the Trump tax cuts were passed into law, shows how fully the Republican government has operationalized its theory. CBO now estimates the 2018 deficit will be $242 billion higher than it had estimated last June, before the tax cuts. And the tax cut is the major reason: “Accounting for most of that difference is a $194 billion reduction in projected revenues, mainly because the 2017 tax act is expected to reduce collections of individual and corporate income taxes.”
    The deficit is expected to grow to more than 5 percent of gross domestic product. That would make sense if the country was spending to counteract a serious but temporary emergency, like a recession or perhaps a major war. There is no such emergency, though
    .
    Winning so much feels pretty shitty.

    http://www.msnbc.com/rachel-maddow-s...n-proving-true

    http://nymag.com/daily/intelligencer...-disaster.html
    Last edited by cwolff; 04-11-2018 at 06:20 AM.

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    Good. The government shouldn't be relying on "collections of individual and corporate income taxes" to prop up its deficit.

    Cut spending almost everywhere and get your shit together.

  9. #19
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    Quote Originally Posted by cwolff View Post
    Winning so much feels pretty shitty.
    You should really provide links to what you quote. So that we can see that this is from a blog.

  10. #20

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    Added links for the article quoted and the article that the article quoted.

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