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Confidence Boomed After the Election the Economy Hasn't

By Rew   Jul 7, 11:51pm   298 views   9 comments   watch (0)   quote      

https://www.nytimes.com/2017/07/04/upshot/confidence-boomed-after-the-election-the-economy-hasnt.html?smid=tw-nytimes&smtyp=cur&mtrref=t.co

Until people have more money in their pockets this isn't going to change. There is only so much business and the 1% are going to buy, above and beyond, growth from below.

No current Trump proposals address this. Counter response is, "Give him more time." Counter to that is, "He isn't driving the legislative agenda."

Comments 1-9 of 9     Last »

1   PCGyver   390/390 = 100% civil   Jul 8, 5:46am  ↑ like (1)   ↓ dislike   quote    

That is why you tax the snot out of the 1%. They can decide if they want the government to get all that money or for their employees to get it. That would really be some trickle down.

2   PCGyver   390/390 = 100% civil   Jul 8, 5:57am  ↑ like (1)   ↓ dislike   quote    

Like Patrick said,

If you're a rich Republican, and you want to get even richer, you have to play along with a little trick on the workers in the red states.

For decades now, those workers have seen their pay fall at the same time that their CEOs have seen their pay skyrocket. CEO pay is coming straight out of the pockets of the workers. The real insult is that the CEO's tax bill has been cut dramatically by the Republican Party, while the tax rate on the workers has not.

3   BayAreaObserver   1054/1055 = 99% civil   Jul 8, 6:52am  ↑ like   ↓ dislike   quote    

PCGyver - per chance have you seen this ? Not sure the "base" is going to like it or not. We just got hit with a 10 cent a gallon gas tax increase here in Indiana (GOP enacted) along with other new fees etc, and now some of the legislators are concerned about their re-election chances...go figure with no one to blame it on since the GOP controls everything legislature wise.

A New Republican Agenda Is Taking Shape—and It Means Tax Increases

An eyebrow-raising report from Axios’ Jonathan Swan predicted that the Trump administration would push for more progressive tax policies aimed at the wealthy as part of its overall reform. Presidential strategist Steve Bannon, who successfully tapped into middle-America populism for Trump’s campaign, wants a hike in the top personal income bracket from its current 39.6 percent to a rate with “a 4 in front of it.”

This should be an era of tax cuts – and yet Republicans at the state level have begun passing tax increases to deal with fiscal crises.

Just this year, Republicans in South Carolina and Tennessee have raised gas taxes, an anathema among their colleagues in Congress. Kansas Governor Sam Brownback tried a low-tax agenda and ended up with a political disaster on his hands; the GOP legislature passed a $1.2 billion tax increase over his veto last month.

More: http://www.thefiscaltimes.com/Columns/2017/07/06/New-Republican-Agenda-Taking-Shape-and-It-Means-Tax-Increases

Related, Axios Report cited above. https://www.axios.com/scoop-bannon-pushes-tax-hike-for-wealthy-2452197801.html

4   PCGyver   390/390 = 100% civil   Jul 8, 7:13am  ↑ like   ↓ dislike   quote    

And Fort Wayne votes Republican so he can give tax breaks to the super rich while getting fucked in the arse with taxes like this.

How are Republicans so stupid that they can't see that tax breaks for super rich means tax increases for the middle class. You got to get the money from somewhere.

5   PCGyver   390/390 = 100% civil   Jul 8, 7:17am  ↑ like   ↓ dislike   quote    

Really Bannon wants a hike in the top tax bracket. That does surprise me.

6   Quigley   883/889 = 99% civil   Jul 8, 9:34am  ↑ like   ↓ dislike   quote    

Bannon knows where the traitors are hiding... in the highly paid professions. He lives to MAGA!

7   FortWayne   867/873 = 99% civil   Jul 8, 11:02am  ↑ like   ↓ dislike (1)   quote    

It doesn't mean tax middle class more. lower taxes and less government spending = winning

PCGyver says

And Fort Wayne votes Republican so he can give tax breaks to the super rich while getting fucked in the arse with taxes like this.

How are Republicans so stupid that they can't see that tax breaks for super rich means tax increases for the middle class. You got to get the money from somewhere.

8   Rew   1136/1136 = 100% civil   Jul 8, 1:38pm  ↑ like   ↓ dislike   quote    

FortWayne says

lower taxes and less government spending = winning

We have a religion of "Chicago School" economics, which FW demonstrates, and which has actually proven quite destructive to many nations were inequality and lopsided democracies are in play.

Quigley says

Bannon knows where the traitors are hiding... in the highly paid professions. He lives to MAGA!

Bannon is masterful at populism and message making. Does he believe this and actually want to implement it? Nope. He knows the FortWayne's of the world don't care and will keep preaching the dogma, and the Quigley's of the world will believe he is serious. Win win.

Axios has some of the best inside WH direct sources, for what that is worth. By that, what I mean is that much of what Axios is writing are things the Trump Administration wants to portray and say. Their tech articles are good. Their politics articles are about as good as the WH Press briefings.

This administration won't get near tax reform in any serious manner. Hell, they aren't even doing anything for Healthcare either, unless if you mean removing most of it and extending tax cuts.

9   bob2356   657/662 = 99% civil   Jul 8, 9:26pm  ↑ like   ↓ dislike   quote    

FortWayne says

It doesn't mean tax middle class more. lower taxes and less government spending = winning

Worked out great in Kansas.

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