2020 Presidential Race

Answer my question, I'll answer yours.
I never said the Democrats were the champions of lowering taxes. Hell, even they don’t pretend to be. That said, Kennedy and Johnson both cut taxes. Of course, taxes were much higher then.

Edit: After looking it up, I guess Kennedy didn’t cut taxes himself but proposed the cuts that were enacted under LBJ.
 
Last edited:
  • Like
Reactions: BowlBrother85
You believe the CNN hype, consumers will pay the tariffs. You have been boondoggled by the spin. Some may be paying higher prices but the most Chinese companies are forced to drop their prices in order to export into this market, some are splitting the additional cost, most are looking for alternative supply. Thousands of temporary solutions are being found, some products just are not being imported, others placed huge orders with China providing big discounts to sell out their inventories. Few are able to pass the duty along to consumers. 25% is creating a lot of competition in the marketplace. It's far from business as usual. The overall effect will not be clear for months to come. No one, let alone CNN or the NYT's, can say with certainty exactly what is occurring and why.

True. My buddy imports all types of products from China ranging from FCL to multi containers of paraffin wax, production parts for all types of manufacturers, different types of platic clamshells and bottles and sprayers, to paper inserts for clamshells and more. He has been doing this for over a decade. Every one of them is at 10 year low in cost. It is benefiting the American market. His customers are seeing savings, and the domestic pricing can't touch it.
 
Right. Let me know when one if the countries with universal healthcare switches to our system.
Socialism is implemented. A DR in those countries telling anyone to go have the procedure done in the US tells you all you need to know.
No. The most important issue is removing Donald Trump and from our democracy.
Lol
 
  • Like
Reactions: 37L1
I never said the Democrats were the champions of lowering taxes. Hell, even they don’t pretend to be. That said, Kennedy and Johnson both cut taxes. Of course, taxes were much higher then.

Edit: After looking it up, I guess Kennedy didn’t cut taxes himself but proposed the cuts that were enacted under LBJ.
He didn't get a chance too.
 
Don’t be dense. Nobody says the USA provides low quality care. We just think it should be for everybody.
Well we is wrong. You can't have Hundreds of thousands of homeless American Veterans and citizens laying all through the streets of America not recieving healthcare and offering it to illegal aliens.
 
I never said the Democrats were the champions of lowering taxes. Hell, even they don’t pretend to be. That said, Kennedy and Johnson both cut taxes. Of course, taxes were much higher then.

Edit: After looking it up, I guess Kennedy didn’t cut taxes himself but proposed the cuts that were enacted under LBJ.

What you mentioned in passing, taxes much higher back then, was something that blew my mind once I learned it. The approximate amount of revenue to the Federal government back then when taxes were high was about 20% GDP. Now, taxes are lower and the approximate amount of revenue is about 20% GDP. Therefore, tax rates do not correlate to tax revenue. The best way to increase revenue is to increase GDP.
 
I never said the Democrats were the champions of lowering taxes. Hell, even they don’t pretend to be. That said, Kennedy and Johnson both cut taxes. Of course, taxes were much higher then.

Edit: After looking it up, I guess Kennedy didn’t cut taxes himself but proposed the cuts that were enacted under LBJ.
And LBJ went nuts on the budget with trying to implement the Great Society and ramping up military involvement in Vietnam at the same time.
 
I believe it’s your turn to provide evidence of GOP reducing the debt.

There’s definitely going to be a tradeoff. There’s no magic tax rate that solves all. Sometimes taxes will need to be raised and sometimes they will need to be lowered.

There is none that I can recall. Regarding your original statement about "sometimes lowering taxes". . . my response can be summed up this way:

Democrats? As if.
 
So over half a century ago and those tax cuts were engulfed by LBJ's Great Society and Vietnam War. So. . . really never.
Now, wait a minute... if you're going to say that, then in order to be consistent, you would have to point out how George W. Bush's tax cuts were "engulfed" by fighting two wars plus the "war on terror". "Engulfed" is really not a good description of what happened, but since you used it, I did as well.
 
  • Like
Reactions: McDad
I believe it’s your turn to provide evidence of GOP reducing the debt.

That's the rub, tvol. NOBODY reduces the debt. Dems feed their sacred cows and buy new ones. Reps do the same. Reps lower taxes. Dems raise taxes. But the tax rates don't matter when it comes to raising revenue for the Federal government. And, unfortunately, anytime the federal coffers are filled with tax revenue...guess what? They spend every cent of it and borrow more. It is literally never enough.
 
Now, wait a minute... if you're going to say that, then in order to be consistent, you would have to point out how George W. Bush's tax cuts were "engulfed" by fighting two wars plus the "war on terror". "Engulfed" is really not a good description of what happened, but since you used it, I did as well.
I agree. My issue goes back to his statement of "sometimes lowering taxes" as a fiscal impossibility for a liberal (Democrat) administration.
 
  • Like
Reactions: McDad
Now, wait a minute... if you're going to say that, then in order to be consistent, you would have to point out how George W. Bush's tax cuts were "engulfed" by fighting two wars plus the "war on terror". "Engulfed" is really not a good description of what happened, but since you used it, I did as well.
Well. let's not leave out no child left behind, nationalization of the tsa, expansion of medicare prescription drugs, and bank bailouts. There was plenty of social spending in addition to the military stupidity.
 
Well. let's not leave out no child left behind, nationalization of the tsa, expansion of medicare prescription drugs, and bank bailouts. There was plenty of social spending in addition to the military stupidity.
The biggest step toward socialism that any American President has ever taken was when George W. Bush signed the TARP legislation in October of 2008. Somehow, that fact is never brought up when Republicans accuse Democrats of being socialists.
 
  • Like
Reactions: McDad
The biggest step toward socialism that any American President has ever taken was when George W. Bush signed the TARP legislation in October of 2008. Somehow, that fact is never brought up when Republicans accuse Democrats of being socialists.

One of the reasons why you will occasionally mention Liberal Socialists for Dems and Conservative Socialists for Repubs.

I may not agree it was the "biggest step" but I will agree is was a misstep.
 
  • Like
Reactions: tennvols77
The biggest step toward socialism that any American President has ever taken was when George W. Bush signed the TARP legislation in October of 2008. Somehow, that fact is never brought up when Republicans accuse Democrats of being socialists.
The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was passed by a Democratic Party controlled Congress and signed into law by Republican Party President George W. Bush.
On December 19, 2014, the U.S. Treasury sold its remaining holdings of Ally Financial, essentially ending the program. TARP recovered funds totalling $441.7 billion from $426.4 billion invested, earning a $15.3 billion profit or an annualized rate of return of 0.6% and perhaps a loss when adjusted for inflation.


wikipedia

That program had a shelf life, SS and Medicare do not until they go bankrupt, that is. Most do not get a return on "investment" now.
 
Ya'll are in the wrong thread on this discussion of who did the lowering & increasing of taxes.
Thought I'd point that out. :):) This thread is about 2020 Presidential Candidates. Not taxes & such.
 
The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was passed by a Democratic Party controlled Congress and signed into law by Republican Party President George W. Bush.
On December 19, 2014, the U.S. Treasury sold its remaining holdings of Ally Financial, essentially ending the program. TARP recovered funds totalling $441.7 billion from $426.4 billion invested, earning a $15.3 billion profit or an annualized rate of return of 0.6% and perhaps a loss when adjusted for inflation.


wikipedia

That program had a shelf life, SS and Medicare do not until they go bankrupt, that is. Most do not get a return on "investment" now.

I almost do not believe what I am reading...a federal program which ended.
 
  • Like
Reactions: 37L1
Advertisement





Back
Top