Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII

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Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII

MalabarJag
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Posts: 5,972
Threads: 46
Joined: Mar 2001
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#42

01-31-2019, 12:11 PM

(01-31-2019, 11:51 AM)mikesez Wrote:
(01-31-2019, 11:27 AM)MalabarJag Wrote: No, the claim by some supporters was that the effect of tax cuts would cover the loss in tax revenue from the cuts. Since there was not a revenue drop, that was true. The main purpose of the corporate tax cuts was to slow or stop the bleeding of industries moving to other countries, and had nothing to do with revenue. Because of that it was a worthwhile decision even if it caused a decrease in revenue. Corporations that moved to (say) Ireland would pay ZERO corporate taxes to the US government.

Note that many left wing economists (as well as the Congressional Budget Office) predicted that the tax cuts would hurt revenue. They were wrong.

[citation needed]
[Dubious, does claim account for inflation?]
[It's not April 15 yet]

1. I was using a fact ("Revenue in 2018 was barely more than revenue in 2017") as presented by the person I was responding to. One doesn't need a link for that. If you want to claim otherwise, by all means do so, but since it would be your claim and not mine, you are the one who needs to provide a link.

2. Maybe inflation was a factor. I doubt it makes up the difference between the claims of those who said the corporate tax cuts would cost upwards of $100B in revenue ($1.9T over ten years link).

3. April 15th only relates to income taxes, not corporate taxes, so that will be insignificant. The part of the bill that changed the income tax rates was (overall) revenue neutral.

"Why should I give information to you when all you want to do is find something wrong with it?"

Messages In This Thread

Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by jradMITEX - 01-29-2019, 02:37 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by StroudCrowd1 - 01-29-2019, 03:09 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by TJBender - 01-29-2019, 03:11 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by B2hibry - 01-29-2019, 04:13 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by TheO-LineMatters - 01-30-2019, 04:43 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by B2hibry - 01-30-2019, 05:28 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by mikesez - 01-30-2019, 05:46 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by B2hibry - 01-30-2019, 05:57 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by The Real Marty - 01-31-2019, 07:30 AM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by B2hibry - 01-31-2019, 09:12 AM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by mikesez - 01-31-2019, 09:30 AM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by TheO-LineMatters - 01-31-2019, 01:06 AM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by B2hibry - 01-31-2019, 09:43 AM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by mikesez - 01-31-2019, 10:11 AM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by B2hibry - 01-31-2019, 10:36 AM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by TheO-LineMatters - 01-31-2019, 03:32 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by TJBender - 01-29-2019, 05:02 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by StroudCrowd1 - 01-29-2019, 05:20 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by TJBender - 01-29-2019, 05:34 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by mikesez - 01-30-2019, 12:31 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by StroudCrowd1 - 01-30-2019, 12:40 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by B2hibry - 01-30-2019, 01:00 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by StroudCrowd1 - 01-30-2019, 01:06 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by B2hibry - 01-30-2019, 01:12 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by TJBender - 01-30-2019, 02:35 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by jradMITEX - 01-30-2019, 02:00 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by Adam2012 - 01-30-2019, 02:10 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by The Real Marty - 01-30-2019, 03:42 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by B2hibry - 01-30-2019, 05:43 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by TJBender - 01-30-2019, 06:08 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by B2hibry - 01-30-2019, 07:03 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by The Real Marty - 01-31-2019, 07:25 AM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by flsprtsgod - 01-31-2019, 08:23 AM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by The Real Marty - 01-31-2019, 09:03 AM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by StroudCrowd1 - 01-31-2019, 09:08 AM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by copycat - 01-31-2019, 06:34 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by TheO-LineMatters - 02-01-2019, 12:35 AM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by mikesez - 02-01-2019, 12:47 AM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by copycat - 02-01-2019, 12:34 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by MalabarJag - 01-31-2019, 11:27 AM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by mikesez - 01-31-2019, 11:51 AM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by MalabarJag - 01-31-2019, 12:11 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by The Real Marty - 01-31-2019, 02:44 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by B2hibry - 01-31-2019, 03:22 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by TJBender - 01-31-2019, 03:47 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by Cleatwood - 01-31-2019, 05:10 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by TheO-LineMatters - 01-31-2019, 06:00 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by Cleatwood - 02-01-2019, 09:32 AM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by flsprtsgod - 02-01-2019, 12:53 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by TJBender - 02-01-2019, 01:14 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by flsprtsgod - 01-31-2019, 03:30 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by jagibelieve - 01-30-2019, 07:08 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by TJBender - 01-30-2019, 08:29 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by Lucky2Last - 01-30-2019, 10:05 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by B2hibry - 01-30-2019, 10:35 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by JackCity - 01-31-2019, 08:39 AM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by jradMITEX - 01-31-2019, 08:41 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by copycat - 01-31-2019, 09:12 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by jradMITEX - 01-31-2019, 09:23 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by flsprtsgod - 01-31-2019, 09:30 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by MalabarJag - 02-01-2019, 10:31 AM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by The Real Marty - 02-01-2019, 11:07 AM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by B2hibry - 02-01-2019, 04:49 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by TJBender - 02-01-2019, 06:47 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by B2hibry - 02-01-2019, 07:14 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by TJBender - 02-01-2019, 08:05 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by mikesez - 02-01-2019, 09:01 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by copycat - 02-02-2019, 06:43 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by mikesez - 03-31-2019, 09:04 AM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by B2hibry - 03-31-2019, 09:39 AM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by flsprtsgod - 03-31-2019, 11:49 AM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by mikesez - 03-31-2019, 12:32 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by flsprtsgod - 03-31-2019, 08:44 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by jj82284 - 03-31-2019, 10:49 AM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by B2hibry - 05-03-2019, 02:26 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by mikesez - 05-03-2019, 02:40 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by jagibelieve - 05-03-2019, 03:05 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by copycat - 05-03-2019, 04:43 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by TJBender - 05-04-2019, 04:56 AM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by B2hibry - 05-04-2019, 09:31 AM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by flsprtsgod - 05-04-2019, 11:39 AM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by mikesez - 05-04-2019, 04:19 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by copycat - 05-04-2019, 07:33 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by flsprtsgod - 05-04-2019, 07:38 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by copycat - 05-04-2019, 08:53 PM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by The Real Marty - 05-05-2019, 02:39 AM

RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by flsprtsgod - 05-05-2019, 08:02 AM

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