FreedomWorks chief economist Steve Moore argues ‘there is no reason’ not to make the Trump tax cuts permanent on ‘Kudlow.’ #FoxBusiness #kudlow
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Proverbs 29
2. When the righteous increase, the people rejoice, but when the wicked rule, the people groan.
Tax cuts for the rich is the only answer.
Just make a flat tax same percent for every state and dismantle the IRS
Go back and watch Joe B. On his first day in office. On camera he swore he would undo anything good that Trump did in office. We have to quit playing “party” games. Vote Their Records.
MY FINANCIAL GOAL IS TO BE MAKING AT LEAST UP TO $1,000,000 EVERY YEAR BY INVESTING HEAVILY BOTH IN CRYPTO AND STOCK. I NEED GUIDIANCE. please comment below..
Paragraph one of four. Trump’s tax cuts helped billionaires pay less than the working class for first time October 9, 2019 This news article is from The Guardian. Economists calculate the richest 400 families in US paid an average tax rate of 23% while the bottom half of households paid a rate of 24.2%. They were billed as a “middle-class miracle” but according to a new book Donald Trump’s $1.5tn tax cuts have helped billionaires pay a lower rate than the working class for the first time in history. In 2018 the richest 400 families in the US paid an average effective tax rate of 23% while the bottom half of American households paid a rate of 24.2%, University of California at Berkeley economists Emmanuel Saez and Gabriel Zucman calculate in their new book, The Triumph of Injustice. Taxes on the rich have been falling for decades. In 1960 the 400 richest families paid as much as 56% in taxes, by 1980 the rate had fallen to 40%. But Trump’s tax cuts – his most significant legislative victory – proved a tipping point.
Paragraph 2 of 4. Trump’s tax cuts helped billionaires pay less than the working class for first time They were billed as a “middle-class miracle” but according to a new book Donald Trump’s $1.5tn tax cuts have helped billionaires pay a lower rate than the working class for the first time in history. In 2018 the richest 400 families in the US paid an average effective tax rate of 23% while the bottom half of American households paid a rate of 24.2%, University of California at Berkeley economists Emmanuel Saez and Gabriel Zucman calculate in their new book, The Triumph of Injustice. Taxes on the rich have been falling for decades. In 1960 the 400 richest families paid as much as 56% in taxes, by 1980 the rate had fallen to 40%.
Paragraph 3 of 4. Trump’s tax cuts helped billionaires pay less than the working class for first time But Trump’s tax cuts – his most significant legislative victory – proved a tipping point. Thanks to the controversial tax package the top 0.1% of US households were granted a 2.5% tax cut that pushed their rate below that of the lower 50% of US earners. “This is a revolutionary change and the biggest winners will be the everyday American workers as jobs start pouring into our country, as companies start competing for American labor, and as wages start going up at levels that you haven’t seen in many years,” Trump said in September 2017 as he fought to pass the tax package.
Paragraph 4 of 4. Trump’s tax cuts helped billionaires pay less than the working class for first time But the tax cuts have not led to a significant uptick in economic growth, hiring has slowed and wage growth has remained lackluster. In the meantime the national deficit has swollen to $1tn. The calculations of Saez and Zucman, who have previously worked with the French economist Thomas Piketty, take into account not just federal income taxes but also state, local and corporate taxes. The pair argue that the dramatic fall in taxes for the ultra wealthy is the result of policies enacted by both Republican and Democratic administrations which have both cut top rates and taxes on capital gains while allowing corporations to shelter their profits overseas.
Paragraph one of three Did Trump’s tax cuts boost hiring? Most companies say no January 28, 2019 This news article is from PBS NEWS HOUR. The vast majority of American businesses haven’t boosted hiring or investment as a result of the Republican tax law, according to a survey by the National Association for Business Economics. Eighty-four percent of businesses said they didn’t accelerate hiring because of the 2017 Tax Cuts and Jobs Act, which President Donald Trump hailed as “a bill for the middle class and a bill for jobs.” Only 6 percent said they had more hires because of the law and 10 percent said they accelerated investments, according to the survey. Trump and Republicans lawmakers argued the tax cuts would boost jobs and investment. Treasury Secretary Steven Mnuchin said in October 2017 that the tax overhaul would push GDP to a sustained level of 3 percent or higher, leading to “literally millions and millions of jobs.” Democrats and some nonprofit organizations predicted the tax cuts would not lead to significant job gains and only benefit the wealthy.
Paragraph 2 of 3 Did Trump’s tax cuts boost hiring? Most companies say no The National Association for Business Economics survey appears to show job gains have not been widespread, but concentrated in specific sectors. Half of the survey’s respondents from companies in the “goods-producing” sector — which includes mining, construction and manufacturing — said they accelerated investments because of the tax cuts. Twenty percent of companies in those industries said they redirected hiring and investment from foreign countries to the United States. The 2017 law changed the federal tax code to give corporations an incentive to bring money they earned overseas back to the U.S. Previously, the tax penalty was so high that companies often chose to reinvest money overseas to avoid more taxes. It also cut the corporate tax from 35 to 21 percent, generating a corporate windfall that Republicans said companies would reinvest in their workers.
Paragraph 3 of 3 Did Trump’s tax cuts boost hiring? Most companies say no Instead companies put much of the money toward stock buybacks rather than investments. Buybacks hit a record $1 trillion in 2018, a nearly 50 percent increase from the year before. Some experts argue buybacks are a good use of funds because if companies have too much cash on hand, they are more likely to spend it on risky ventures. Others, however, say stock buybacks disproportionately benefit company executives and wealthy shareholders. The National Association for Business Economics survey showed some companies did use the repatriated earnings for new investments in the U.S.. Kevin Swift, the chief economist of the American Chemistry Council, and one of the experts who worked on the report, argued that the tax cuts, combined with low interest rates, made investments a smart business decision for goods producers. Federal data of nonresidential fixed investment, which includes corporate purchases of equipment and software across all U.S. companies, grew at a rate of 1.47 percent and 1.15 percent, respectively, in the first two quarters of 2018. The gains were slightly higher than in the same quarters a year earlier. Investments increased 1.20 percent and 0.94 percent in the first and second quarter of 2017, according to the Bureau of Economic Analysis.
Dems still don't acknowledge this. They say the rich got tax cuts, which is categorically untrue.
The kit to convert a
gasolinedeatholine car into an electric car will only cost $4,600 once the Defense Production Act is invoke to produce them. In the Homeless-Shelter-Village [HSV] factories that uses the residents of the HSV as the workforce to produce them. You only need to change the drive-train; not the transmission or anything else. This does not include the cost of batteries and installation.Paragraph 1 of 2. To end crime, inflation, homelessness, and cause the cost of
gasolinedeatholine to drop to $0.29 cents per liter; is very simple. Repeal then convert Massacre Mitch McConnell's $2 trillion theft to corporations and billionaires that did NOT create any jobs; to HOUSE the climate-refugees and economic-refugees that failed Republican polices are creating. Provide 79 million Americans making less than $15 an hour with a $900 a month minimum income and legalize all recreational drugs.Paragraph 2 of 2. The $2 trillion tax break to corporations is taken from Massacre Mitch McConnell repealed then converted to house teachers who cannot afford their rent in; Homeless Shelter Villages [HSV] using Pallet Shelter's existing components. Then made within the HSV factories where the residents work; are inexpensive electric-car-conversion-kits. Which will only cost $4,600 to buy after the Defense Production Act is invoked to produce them. This does not include the cost of batteries and installation. The very best solution is to vote only for Democrats.
The economy imploded after the theft of $2 trillion by Satan-worshiping, AOC removed the word abortion from the KKKible, runaway-AGW-denying
Republican'sRepubliKKKlan's gift to billionaires and corporations that did not need it and which did not create any jobs.Do you speak english? I'm listening to YouTube I know no other language but English but I am getting more Hispanic ads and channels? Why?
"Capitalism cannot reform itself it is doomed for self destruction."
–W.E.B. Du Bois
The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the
Of course there will be blame. All we can say is look at florida. A mini USA. Florid is growing.
If conservatives are being silenced, why don’t they ever shutthefuckup?
Do you know why people have Social Security?
Because they worked for it.
do you know how stupid you have to be to think the government not practicing a high enough level of theft is the reason for a bad economy… and inflation… gfys no one is that stupid.
It's a myth that the GOP is better for the economy than the Democrats. Clinton had a balanced budget and W ruined all that with the debt crisis and recession. Obama pulled the country out of that and then the idiot Trump ruined the economy due to his mishandling of the pandemic and as well the imbalance of trade in Nov 2020 was at a ten year high despite his stupid tariffs (which he falsely claimed that China pays). The referenced tax cut mainly helped the very rich and added to the national debt, taking out funds needed for infrastructure, etc. But the GOP doesn't care about that because they are not really interested in actually governing or making life better for the majority of citizens.
This guy Bono spent millions of dollars trying to fight poverty to only to get into conclusion: Don’t give them fish, teach them how to catch it! 😂
Weird how fox news is not reporting on Pelosi alleged assault. It's like Murdock is the epstien media. Where's the story utube?
And repealing all of obamanations policies
Wow that’s like a double wammie
I'm a retired IRS agent. I think it's very telling that CEO's, CPAs and the IRS were all in agreement about the need to cut corporate tax rates to a rate near the international average in order to prevent the steady loss of U.S. businesses to more tax friendly countries. It's rare that the IRS and industry agree on tax policy. When this is the case, as it was, you know that the viewpoint is correct.
Yes, stop Mercantile Capitalism and Cronie Capitalism; Classical Capitalism or Free-market Capitalism is the way to go.
The Federal Reserve needs to be abolished.
Well, when Democrats tax the hell out of you, then cause inflation to collect twice the sales tax and suck twice the money from citizens bank accounts, there isn't much left in citizens pockets to fuel an economy
biden abolíshed the dollar dems r taking your càsh to give u tokens
I'm very glad that the Left are not going to get back in the Whitehouse and it's been a long week for the American Way and it's people who are Christian and see what happens next week or two. Please understand that we should be able to get together and pray prayers for this one News message from Mr. Ludlow.
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Just Find Out What Pelosi Stock investment and follow his lead with his Inside Trade Deals.