Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

Quote: Bush's homeownership plan was to help with DOWNPAYMENTS. Residential housing is only 3% - 4% GDP

Residential housing is only 3% - 4% GDP????????

......and that's the sector that took us down!

Next time think before you jump off your rocking chair.

 

And yet they do. Income, capital gains, and corporate income tax rate cuts result in more tax revenue than would be predicted by static scoring. The converse is also true - increasing rates result in less revenue than would be predicted by static scoring. In some cases tax rate cuts have resulted in greater revenue.

The above is basic economics.

Spending is politics. Democrats will not reduce spending. True fiscally conservative Republicans will.

Finally there is no way to reduce the national debt without robust growth and reform of entitlements.

 

It was Clinton’s plan which Bush slightly augmented.

Financial regulations acting together in a catastrophic way is what caused the financial crisis. The housing bubble was just that. Bubbles have popped many times. The economic pain is usually short lived. Financial regulations resulted in MBS’s being held as the major part of financial reserves which along with the bone headed decision to let Lehman go bankrupt froze the financial markets.

What do you have against rocking chairs ??

 

I responded to each of your four points. I would appreciate your responding back instead of snarky responses.

 

Nope. It’s why it’s never happened at any point when it’s been tried. All it does is EXPLODE the deficit and debt.

 

I’m not sure why your putting old news in quotations when it is demonstrably in fact old news lol

Republicans got conned yet democrats are the ones creating new threads on recycled “new” stories.......

 

I have no interest in going for your insult baiting so can it. Again try responding to what I actually post.

President Bush Signs American Dream Downpayment Act of 2003
https://georgewbush-whitehouse.archives.gov/news/releases/2003/12/20031216-9.html

• Residential investment (averaging roughly 3-5% of GDP), which includes construction of new single-family and multifamily structures, residential remodeling, production of manufactured homes, and brokers’ fees.

https://www.nahb.org/en/research/ho...ntribution-to-gross-domestic-product-gdp.aspx

 

How do you know?

 

You’re the ones who defended Trump from hiding his tax returns. You’re the ones who ignored fake Trump Steaks, and fake Trump University, and fake veterans fundraisers.

That’s all old news too. And you cheered FOR it, and voted for it.

You got conned. And you’re still defending the con man,

 

Now your conflating separate issues

 

If Trump is a terrible businessman then why is he thousands of times richer than you?

 

It is strange when Trumpsters try and separate the fact that their fuhrer is a pathological liar, and try to pretend that each lie is a “separate issue”

The clown lies right in your face, and you try and dance past it.

 

Well, when Donald Trump told us he was going to run his Presidency the way he runs his business, for once, he was telling the truth,

 

That’s funny.

 

He wrote a book about it.

 

No, it’s fiscal incompetence and why republicans should be barred from holding public office.

 

That’s more funny.

 

Quote: I'm trying to explain to you why tax cuts do not increase revenues

Tax cuts do generate economic growth, thus, the question is; How much extra revenues Trump's growth agenda has generated?

Well, let's compare;

a. Obama's last 12 months revenue per employee, (Jan 2006 - Dec 2006)

b. Trump's last 12 months revenue per employee (May 2008 - April 2019)


Obama

Jan 2006 - Dec 2006 Revenues; $3.246 trillion
Treasury Monthly Statement
Number of Employed, Dec 31st, 2006; 152,111,000
BLS Employment Situation

Average revenue per employee; $21,340

-----------------

Trump

May 2008 - April 2019 Revenues; $3.364 trillion
Number of Employed, April 30th, 2019; 156,645,000

Average revenue per employee; $21,476

------------------

$21,476 - 21,340 = $136

THAT'S IT!

That is it.

 

No, it’s just sad

 

So what ??

 

That's even more funny.

 

Bush FY2007 average revenue per employee
Sep 2007 revenues; $2.567 trillion
Number of employees Sep 2007; 146,247,000
Average revenue per employee; $17,557
Inflation calculator; $21,638

 

Inflation adjusted; Obama's average revenue per employee Jan 2016 - Dec 2016 ($21,340) = $22,247

Trump's last 12 months average revenue per employee = $21,476

Q; Do tax cuts pay for themselves?

A; Not yet

 

So what ??? Who said they paid for themselves ???

 

Trump's last 12 months average revenue per employee = $21,476

Jan 2017 - Dec 2017 average revenue per employee = 21,709 adjusted to inflation; $22,092

Revenues; $3.344 trillion/154,021,000 employed (Dec 2007)

Thus, prior to the tax cuts; $22,092

$22,092 - $21,476 = $616

156,645,000 currently employed X $616 = MINUS $96.5 billion

psst; Apparently, we have record revenues......prior to the tax cuts, or after?

Conclusion; Revenues are down despite the fact more people are employed, and after the full implementation of Bush tax cuts, revenue increased instantly to double digits.

After the full implementation of Trump's tax cuts, revenue growth rate; Less than 2%......What's going on?