Team Trump eyes payroll tax cut to spur economy: report

[juleswin]

If that is always true, we can get rid of all taxes- cut them to zero- and the government will have tens of $trillions to spend on whatever they want to and still balance our budget. Cutting taxes leads to higher revenues, right?

They believe there is an equilibrium number where cuts turn into more revenue for the govt and none of them believers think that number is at 0% taxes. Stop strawmanning them.

[Swordsmyth]

If this was really true then democrats would have tried it. I can't imagine dems not wanting to get their hands on more tax payers money. People tend to confuse growing the general economy with growing govt coffers.

No, they are communists that don't care about increasing revenue or reducing the deficit, they only want to increase taxes and redistribution until all are equal in the dirt and totally dependent on government.

They want power not money.

[r3volution 3.0]

Yea but how are they going to do that? Dem house will never give Trump a payroll tax cut.

They'd have to get something huge to give that up.

Trump gets a tax cut (to buy votes), Dems get a welfare spending increase (to buy votes).

Throw in some increased military spending (to buy votes), and you've got a deal!

...That would be the norm.

[Swordsmyth]

White House Denies It Is Considering Payroll Tax Cut To Boost Economy

[CaptainAmerica]

would be nice to see a tax cut....I can spare every PENNY for rent.

[Occam's Banana]

More Zippy shenanigans: taking reasonably disputable claims, twisting them into something grotesquely absurd, and then pretending that the grotesquely absurd thing is what the other person actually said or meant ...

[...] Often times tax cuts can increase federal revenue [...]

[emphasis added by Zippyjuan - OB]

If that is always true, we can get rid of all taxes- cut them to zero- and the government will have tens of $trillions to spend on whatever they want to and still balance our budget. Cutting taxes leads to higher revenues, right?

As you know perfectly well, he said "often times" and did not even remotely suggest that "that is always true."

[eleganz]

Tax cuts and spending budgets are not like the other.

Only those with extreme political bias and agendas will try to convince you that they are relatable.


We begged for tax cuts for years since we began supporting RP and now that we got it, its horrific, only because orange man bad.

[juleswin]

Tax cuts and spending budgets are not like the other.

Only those with extreme political bias and agendas will try to convince you that they are relatable.


We begged for tax cuts for years since we began supporting RP and now that we got it, its horrific, only because orange man bad.

Ron Paul showing extreme political bias and agenda

[nikcers]

Ron Paul showing extreme political bias and agenda

That was during the last tax cut. The only thing tax cuts without spending cuts do is cause more people to keep more of their money. When you don't cut taxes and constantly increase spending some people keep more of their money and some people keep less of their money. Therefore tax cuts without spending cuts can increase economic growth but ultimately not cutting spending reduces the economic growth the tax cuts yield and causes delayed corrections that would occur wihout tax cuts because of the spending. That's why Rand Paul always supoorts tax cuts and worked with Trump to make sure more poeple got tax cuts than didn't so that they weren't picking winners in the market place and letting the market spend more of its money instead of giving it to the government to spend. I've seen the results of Trumps tax cuts on a lot of small businesses and it has been a boone to the small businesses. Not cutting taxes always gives big businesses an advantage because they have more ways of writing expenses off and lobbying for government money to offset the taxes they pay into the government.

[Brian4Liberty]

Cut payroll taxes? Good.

Another idea to go with it:
- 10% Federal headcount cut across the board.

[eleganz]

Ron Paul showing extreme political bias and agenda

No he is not showing political bias, he clearly is not as intellectually deficient as you are appearing to be.

He literally said he loves tax cuts as it was his opening line and he would gladly take the tax cut if a spending cut wasn't imminently in view.

They're not the same thing thats why they're separate votes.

I swear TDS is causing some major mental malfunctions around here. If Ron got a tax cut approved and couldn't get a spending cut approved, who here would be complaining? literally nobody.

[eleganz]

That was during the last tax cut. The only thing tax cuts without spending cuts do is cause more people to keep more of their money. When you don't cut taxes and constantly increase spending some people keep more of their money and some people keep less of their money. Therefore tax cuts without spending cuts can increase economic growth but ultimately not cutting spending reduces the economic growth the tax cuts yield and causes delayed corrections that would occur wihout tax cuts because of the spending. That's why Rand Paul always supoorts tax cuts and worked with Trump to make sure more poeple got tax cuts than didn't so that they weren't picking winners in the market place and letting the market spend more of its money instead of giving it to the government to spend. I've seen the results of Trumps tax cuts on a lot of small businesses and it has been a boone to the small businesses. Not cutting taxes always gives big businesses an advantage because they have more ways of writing expenses off and lobbying for government money to offset the taxes they pay into the government.

All great points, unfortunately not enough to penetrate the mental gymnastics of TDS patients.

[nikcers]

All great points, unfortunately not enough to penetrate the mental gymnastics of TDS patients.

You just got to consider spending a tax. If you give people more money to spend in the private sector the private sector invests the money better than government does. Plus the spending tax if its monetized by debt the correction is delayed so the money that gets invested in the private sector has time to create more wealth before the correction happens so it can mitigate the money that is wasted in government spending and some of the correction. It can be a bad thing if there is a lot of mal investment, but the private sector is always more efficient and can create more wealth with that money than the public sector with that money

[Swordsmyth]

President Trump on Tuesday confirmed the White House is discussing a temporary payroll tax cut as a strategy to boost the economy, even as he maintains the country's economic outlook remains strong.
"Payroll tax is something that we think about, and a lot of people would like to see that,” Trump said Tuesday during an exchange with reporters at the White House.
“We’re looking at various tax reductions. But I’m looking at that all the time anyway,” he added.

he president said that the administration is also looking at doing something on the capital gains tax, but cautioned that nothing has been decided. He suggested that he could index the capital gains to inflation unilaterally, though such a move would likely face challenges from Democrats in Congress.

More at: https://thehill.com/homenews/adminis...ayroll-tax-cut

[Zippyjuan]

"The economy is great! Best ever! But let's do as much stimulus as we can just in case!" (needing stimulus usually means your economy sucks)

[nikcers]

"The economy is great! Best ever! But let's do as much stimulus as we can just in case!" (needing stimulus usually means your economy sucks)

fake quote. Tax cuts aren't even a stimulas they let people keep more of their money.

[Zippyjuan]

fake quote. Tax cuts aren't even a stimulas they let people keep more of their money.

Exactly. Giving people more money to spend and stimulate the economy. That is a form of stimulus. Trump is also calling for major reductions in interest rates and quantitative easing by the Fed. He wants all the stimulus he can get.

[Swordsmyth]

"The economy is great! Best ever! But let's do as much stimulus as we can just in case!" (needing stimulus usually means your economy sucks)

Tax cuts are just good policy.
Trump has been promising more of them all along.

[Swordsmyth]

Exactly. Giving people more money to spend and stimulate the economy.

Or just on principle.

[nikcers]

Exactly. Giving people more money to spend and stimulate the economy. That is a form of stimulus. Trump is also calling for major reductions in interest rates and quantitative easing by the Fed. He wants all the stimulus he can get.

Tax cuts are the opposite of giving people money, its taking less money away from them.

[Zippyjuan]

Tax cuts are the opposite of giving people money, its taking less money away from them.

Wouldn't the opposite of giving people money be taking money away? Call it what you want, but the goal is for them to have more money to spend and stimulate the economy.

[Swordsmyth]

Wouldn't the opposite of giving people money be taking money away? Call it what you want, but the goal is for them to have more money to spend and stimulate the economy.

Or just to not rob them so much.

[oyarde]

I support ending all payroll taxing .

[nikcers]

Wouldn't the opposite of giving people money be taking money away? Call it what you want, but the goal is for them to have more money to spend and stimulate the economy.

The opposite of giving is taking. So the opposite of giving someone money is taking money away from someone. Not taking something away from someone is not giving someone something. Lets say you have a dog, I take it away. Is not taking your dog giving you a dog?

[nikcers]

Exactly. Giving people more money to spend and stimulate the economy. That is a form of stimulus. Trump is also calling for major reductions in interest rates and quantitative easing by the Fed. He wants all the stimulus he can get.

Thats the whole damn problem with socialism.The government doesn't have anything to give away. in order for government to give someone something they have to take it from someone else. When they take it from someone else there is waste and fraud involved and they take a cut. Socialism is death by a thousand cuts.

[Origanalist]

No he is not showing political bias, he clearly is not as intellectually deficient as you are appearing to be.

He literally said he loves tax cuts as it was his opening line and he would gladly take the tax cut if a spending cut wasn't imminently in view.

They're not the same thing thats why they're separate votes.

I swear TDS is causing some major mental malfunctions around here. If Ron got a tax cut approved and couldn't get a spending cut approved, who here would be complaining? literally nobody.

Bull$#@!, I would be complaining about the spending regardless.

[Origanalist]

All great points, unfortunately not enough to penetrate the mental gymnastics of TDS patients.

Lol, there is some $#@!ing irony.

[Origanalist]

White House Denies It Is Considering Payroll Tax Cut To Boost Economy

President Trump on Tuesday confirmed the White House is discussing a temporary payroll tax cut as a strategy to boost the economy, even as he maintains the country's economic outlook remains strong.
"Payroll tax is something that we think about, and a lot of people would like to see that,” Trump said Tuesday during an exchange with reporters at the White House.
“We’re looking at various tax reductions. But I’m looking at that all the time anyway,” he added.

he president said that the administration is also looking at doing something on the capital gains tax, but cautioned that nothing has been decided. He suggested that he could index the capital gains to inflation unilaterally, though such a move would likely face challenges from Democrats in Congress.

More at: https://thehill.com/homenews/adminis...ayroll-tax-cut

So, which is it?

[Swordsmyth]

So, which is it?

Trump is the one who knows what he is talking about.

The first link was only White House staff.

[Origanalist]

Trump is the one who knows what he is talking about.

The first link was only White House staff.

So his staff is clueless? That has to suck.