Results 1 to 9 of 9

Thread: Trump Hypes Tax Cuts - Don't Get Too Excited

  1. #1

    Default Trump Hypes Tax Cuts - Don't Get Too Excited

    Trump Hypes Tax Cuts - Don't Get Too Excited



    The income tax should be 0%, just as it was for the first 137 years of American history. So tax cuts across the board are always a welcome development. However, tax cuts are just part of the big picture. What we need is a total cut in government's size and scope. Unfortunately, President Trump is not going in that direction. Ron Paul discusses on today's Liberty Report!
    Twitter: B4Liberty@USAB4L
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.



  2. Remove this section of ads by registering.
  3. #2

    Default

    Quote Originally Posted by Brian4Liberty View Post
    Trump Hypes Tax Cuts - Don't Get Too Excited

    I'm a long way away from being excited. merely curious at this point.

  4. #3

    Default

    I'm curious if Trump's tax cuts will be huuuuuuge or just merely huuuge
    It's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
    - Kim Kardashian

    Donald Trump / Rand Paul (Vice Pres) 2016!!!!

  5. #4

    Default

    Ron Paul says because of some rule all tax cuts have to be "revenue neutral" which basically means if one set of people get tax cuts, another set of people will get tax increases so that the government continues to collect the same amount of revenue. He discussed this here.

    Then there's discussion about a total tax cut of $150 billion per year. So I'm confused: is congress talking of an overall $150 billion cut in tax revenue and, if so, wouldn't that mean that the "revenue neutral" rule they are supposed to follow is basically being ignored?

  6. #5

    Default

    Quote Originally Posted by charrob View Post
    Ron Paul says because of some rule all tax cuts have to be "revenue neutral" which basically means if one set of people get tax cuts, another set of people will get tax increases so that the government continues to collect the same amount of revenue. He discussed this here.

    Then there's discussion about a total tax cut of $150 billion per year. So I'm confused: is congress talking of an overall $150 billion cut in tax revenue and, if so, wouldn't that mean that the "revenue neutral" rule they are supposed to follow is basically being ignored?
    It's double think the establishment favorite tool. All tax reform has to be revenue neutral in that if they collected x before they have to still collect x. That doesn't mean they can't lower tax rates but stay revenue neutral by getting rid of deductions or something. That's why Rand Paul is kind of tongue and cheek when he says he would support revenue reducing tax cuts that he would even argue for spending cuts to offset the lower revenue

  7. #6

    Default

    Quote Originally Posted by nikcers View Post
    It's double think the establishment favorite tool. All tax reform has to be revenue neutral in that if they collected x before they have to still collect x. That doesn't mean they can't lower tax rates but stay revenue neutral by getting rid of deductions or something. That's why Rand Paul is kind of tongue and cheek when he says he would support revenue reducing tax cuts that he would even argue for spending cuts to offset the lower revenue
    Thanks. So what you are saying is that the 1.5 trillion over 10 years (and 150 billion per year) "tax cut" is actually not an overall tax cut... that the government will increase taxes for others in some way so that there is no loss of revenue to the government? (And of course cutting spending is not in the cards to enable the revenue neutrality.)?

  8. #7

    Default

    Quote Originally Posted by charrob View Post
    Thanks. So what you are saying is that the 1.5 trillion over 10 years (and 150 billion per year) "tax cut" is actually not an overall tax cut... that the government will increase taxes for others in some way so that there is no loss of revenue to the government? (And of course cutting spending is not in the cards to enable the revenue neutrality.)?
    Basically there are not a lot of conservative libertarians in Washington, you have a lot of moderates which are the opposite of libertarian. You have a lot of lawyers in congress in the house or the senate who think that words don't matter, that the ends justify the means, and the people that pay them to do their job aren't the tax payers but the tax receivers. When they campaign on tax cuts without spending cuts they are really just campaigning on tax cuts for the people who are on the winning end of this interventionist economy that picks the winners and losers.

    They laugh and say they are going to do tax cuts, but really they haven't even released the plan but the rules of the senate basically state that they can't without someone losing their government handouts. They have been playing this shell game for so long that they no longer bat an eye when people ask for tax cuts, they already know what it really means is they are going to do more government intervention shell games because tax cuts without spending cuts are against the rules.

    So its the same tired joke you get with every act of government, they say they are repealing or cutting while sticking the same $#@! in another bill or taking the money from someone else and try to pass it off as something new. Sometimes they will even stick words that are antithetical to the actual content on the bill to the name like Liberty or Patriot.

  9. #8

    Default

    Trump could abolish all federal taxes in their entirely and it would not reduce the burden of the state on society by $.01

    The burden is spending.

    Every cent spent is extracted from society in some fashion, whether through the bond market, by the printing press, or by overt taxation.

  10. #9

    Default

    Quote Originally Posted by nikcers View Post
    Basically there are not a lot of conservative libertarians in Washington, you have a lot of moderates which are the opposite of libertarian. You have a lot of lawyers in congress in the house or the senate who think that words don't matter, that the ends justify the means, and the people that pay them to do their job aren't the tax payers but the tax receivers. When they campaign on tax cuts without spending cuts they are really just campaigning on tax cuts for the people who are on the winning end of this interventionist economy that picks the winners and losers.

    They laugh and say they are going to do tax cuts, but really they haven't even released the plan but the rules of the senate basically state that they can't without someone losing their government handouts. They have been playing this shell game for so long that they no longer bat an eye when people ask for tax cuts, they already know what it really means is they are going to do more government intervention shell games because tax cuts without spending cuts are against the rules.

    So its the same tired joke you get with every act of government, they say they are repealing or cutting while sticking the same $#@! in another bill or taking the money from someone else and try to pass it off as something new. Sometimes they will even stick words that are antithetical to the actual content on the bill to the name like Liberty or Patriot.
    Thanks for explaining. This then is truly 'double think', as you originally said. War is Peace, Freedom is Slavery, Ignorance is Strength, and a Tax Cut is a Tax Increase somewhere else.






Similar Threads

  1. Rand All In for Trump's Tax Cuts
    By EBounding in forum Rand Paul Forum
    Replies: 6
    Last Post: 10-21-2017, 07:22 AM
  2. Today in Trump: Tax Cuts and NAFTA
    By libertyLOL in forum U.S. Political News
    Replies: 0
    Last Post: 04-27-2017, 04:36 PM
  3. Record Numbers Line Up for Flu Shots as Media Hypes the Flu ‘Epidemic’
    By donnay in forum Personal Health & Well-Being
    Replies: 4
    Last Post: 01-15-2014, 11:49 AM
  4. Government Hypes Airport Hoax After TSA Liquid Testing Video Goes Viral
    By John F Kennedy III in forum U.S. Political News
    Replies: 0
    Last Post: 09-06-2012, 01:27 PM
  5. Replies: 0
    Last Post: 12-01-2010, 02:59 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •