Author Topic: Trump-Republican tax plan bad for large families  (Read 8996 times)

Offline skyguy918

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Re: Trump-Republican tax plan bad for large families
« Reply #195 on: November 14, 2017, 05:21:50 PM »
why do they assume that lower taxes for huge corporation will make wages higher... it just makes the rich richer!
https://en.m.wikipedia.org/wiki/Supply-side_economics

This is the theory. Whether it's any good at predicting the effects they're going for is another story.

Offline ADG

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Re: Trump-Republican tax plan bad for large families
« Reply #196 on: November 14, 2017, 05:28:47 PM »
https://en.m.wikipedia.org/wiki/Supply-side_economics

This is the theory. Whether it's any good at predicting the effects they're going for is another story.

even the wiki does not speak directly to increased wages. It says it will increase companies ability to invest and consume which will make up the taxes lost.

Pence is directly saying it leads to wages and to me there is no evidence to support that nonsense.

Offline ADG

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Re: Trump-Republican tax plan bad for large families
« Reply #197 on: November 14, 2017, 05:30:23 PM »
He is so full of shit. saying it will better the small guy. It just makes the wealthy corporations have more money and power. which leads to aless adverse workforce.

Offline Deal Guy

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Re: Trump-Republican tax plan bad for large families
« Reply #198 on: November 14, 2017, 05:49:19 PM »
I have read that if companies have more money, they will just use it to buy back their own stocks from shareholders. It won't help the economy.

Also, what is the point of stimulating an economy, that already is at a low of 4% unemployment?

Offline aygart

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Re: Trump-Republican tax plan bad for large families
« Reply #199 on: November 14, 2017, 05:49:25 PM »
why do they assume that lower taxes for huge corporation will make wages higher... it just makes the rich richer!



http://www.nber.org/papers/w15263.pdf
Controlling for observable worker characteristics, a one percent lower state tax rate is associated with a 0.36 percent higher union wage premium, suggesting that workers in a fully unionized firm capture roughly 54 percent of the benefits of low tax rates.

http://ftp.zew.de/pub/zew-docs/dp/dp16003.pdf
Our results indicate that workers bear about 40% of the total tax burden.

https://cbo.gov/sites/default/files/cbofiles/ftpdocs/75xx/doc7503/2006-09.pdf
Given those values, domestic labor bears slightly more than 70 percent of the burden of the corporate income tax. The domestic owners of capital bear slightly more than 30 percent of the burden. Domestic landowners receive a small benefit.
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Offline aygart

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Re: Trump-Republican tax plan bad for large families
« Reply #200 on: November 14, 2017, 05:50:07 PM »
to me there is no evidence to support that nonsense.
Did you even look?
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Offline Deal Guy

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Offline Deal Guy

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Re: Trump-Republican tax plan bad for large families
« Reply #202 on: November 14, 2017, 11:32:40 PM »
Democratic Senators freaking out at the thought of the individual mandate repeal as part of the tax overhaul.
https://www.c-span.org/video/?437283-2/senate-finance-committee-considers-gop-tax-reform-bill

Offline aro123

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Offline Deal Guy

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Re: Trump-Republican tax plan bad for large families
« Reply #204 on: November 14, 2017, 11:43:44 PM »
If they are going to come up with $300 billion, by repealing the individual mandate, how do we put some pressure to make sure that they include a tax break for paying private school tuition?

Offline aygart

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Re: Trump-Republican tax plan bad for large families
« Reply #205 on: November 15, 2017, 09:54:47 AM »
Now they want to repeal Obamacare mandate.

But, while it will save the government money, wont it cost prices to skyrocket for people that have insurance, since many healthy people will no longer buy?
No because it will then allow the rest of Obamacare to be dealt with properly. The biggest roadblock was the CBO estimate of how many people will be uninsured due to any change. around 80-85% of it was due to mandate repeal. Once that is out of the way the numbers are much more workable. This is what I was saying in the Obamacare thread at the time.
https://www.forbes.com/sites/theapothecary/2017/11/15/how-the-cbo-drove-obamacares-individual-mandate-repeal-into-tax-reform/#6e49c7f63e48
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Offline ADG

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Re: Trump-Republican tax plan bad for large families
« Reply #206 on: November 15, 2017, 10:35:51 AM »
http://www.nber.org/papers/w15263.pdf
Controlling for observable worker characteristics, a one percent lower state tax rate is associated with a 0.36 percent higher union wage premium, suggesting that workers in a fully unionized firm capture roughly 54 percent of the benefits of low tax rates.

http://ftp.zew.de/pub/zew-docs/dp/dp16003.pdf
Our results indicate that workers bear about 40% of the total tax burden.

https://cbo.gov/sites/default/files/cbofiles/ftpdocs/75xx/doc7503/2006-09.pdf
Given those values, domestic labor bears slightly more than 70 percent of the burden of the corporate income tax. The domestic owners of capital bear slightly more than 30 percent of the burden. Domestic landowners receive a small benefit.

Talking points... just studies with an agenda. All trying to make up a false narrative that lowering corporate taxes will bust wages, while the two have no direct causation or correlation .

If they wanted the individual to have more money they should lower the individual taxes and we would have more money in our pockets! They are full of shit, I mean stuff.

Offline ExGingi

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Re: Trump-Republican tax plan bad for large families
« Reply #207 on: November 15, 2017, 10:38:40 AM »
Talking points... just studies with an agenda. All trying to make up a false narrative that lowering corporate taxes will bust wages, while the two have no direct causation or correlation .

If they wanted the individual to have more money they should lower the individual taxes and we would have more money in our pockets! They are full of shit, I mean stuff.
If everything were just so simple and/or black and white...

A good suggested read is: http://www.mauldineconomics.com/frontlinethoughts/life-on-the-edge

Offline aygart

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Re: Trump-Republican tax plan bad for large families
« Reply #208 on: November 15, 2017, 10:42:50 AM »
Talking points... just studies with an agenda. All trying to make up a false narrative that lowering corporate taxes will bust wages, while the two have no direct causation or correlation .

If they wanted the individual to have more money they should lower the individual taxes and we would have more money in our pockets!
On what basis are you saying this other than that you disagree? Do you have any source? The top one was written in part by the a Vice President at the Federal Reserve Bank of Kansas City and the last is from the CBO.
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Offline aygart

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Re: Trump-Republican tax plan bad for large families
« Reply #209 on: November 15, 2017, 10:44:02 AM »
If everything were just so simple and/or black and white...

A good suggested read is: http://www.mauldineconomics.com/frontlinethoughts/life-on-the-edge

It is very simple. Anything which disagrees with what I want to true is full of @#*^%$&^#%$
You have the right to remain silent. Anything you say can and will be used to start a religious discussion.