Wednesday, April 26, 2017

Trump Says New Tax Plan Will Make Up For Revenue Loss By Juicing Economy. History Says No

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How the tax cut "game" always plays out.

1910 Income Tax Promised To Never Shift Burden From Richest 1 - 4%

U Mass Professor Emeritus Richard Wolff Provides Out-Of-The-Box Views

Alan: Like Trump, presidents Ronald Reagan and George W. Bush promised that diminished government revenues resulting from their tax cuts would be compensated by the "steroidal" effect of those cuts on the nation's economy. 

In neither case did the economy grow enough to overcome diminished revenues. 

Similarly, Bush's epochal tax cuts did not create jobs as promised. 

And even Canada's recent experiment with tax reduction to boost employment did not create jobs as hoped.

Addendum: If the United States continues to spend more on "defense" than the next 7 countries combined (including China) America's tax bill will necessarily be bloated.


White House Unveils Dramatic Plan To Overhaul Tax Code In Major Test For Trump

What Would Reagan Really Do?

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Did Reagan Really Do That ?!?

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