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1
WookieMan
2017 Nov 15, 4:51pm
WookieMan
2017 Nov 15, 4:51pm
WildMind says
There's not a real good reason in my book. Takes away money in either variation from the people that do and will spend the most in the economy.
What happens when the next recession hits you ask. We all die is my best guess.
So the real point is to get big breaks for corporations to enable growth and jobs and it will all trickle down. But why do this when unemployment is 4%, the stock market is at all time highs, and interest rates are at all time lows?
What happens when the next recession hits
There's not a real good reason in my book. Takes away money in either variation from the people that do and will spend the most in the economy.
What happens when the next recession hits you ask. We all die is my best guess.
2
WildMind
2017 Nov 15, 9:43pm
Anyone think this tax plan will have a positive effect on our economy? And can explain how?
After reviewing both the Senate And House tax plans both bills take away all middle and upper class tax deductions. And make up for it somewhat by increasing the child credit and lowering a few percentage points on income her and there.
The savings are all lost if you have enough deductions to write off $35k-40k normally.. which most upper middle class families can do with ease.
But it all really doesn’t matter. If some upper middle class families owe a few grand more... it won’t change anything. Just like an extra $50 a month in a $35k families pocket isn’t gonna change anything.
So the real point is to get big breaks for corporations to enable growth and jobs and it will all trickle down. But why do this when unemployment is 4%, the stock market is at all time highs, and interest rates are at all time lows?
What happens when the next recession hits?