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Tax cuts
5 days ago  ::  Dec 06, 2018 - 7:29AM #1
newinn
Posts: 31,526
How are those tax cuts for the workers at GM working out?
5 days ago  ::  Dec 06, 2018 - 9:05AM #2
louisiana_lightning
Posts: 13,107

This didn't happen in a vacuum and wasn't a result of the tax cuts.  I suppose you are suggesting that they owe it to us after the windfall.  Many factors have played a role including the corruption of UAW Vice President Joe Ashton who relinquished his seat on the board of directors at GM after the indictment in 2017.  The UAW left that seat vacant then relinquished it all together by selling off more than 50% of the company shares the Obama administration gave them in the bailout in 2009.  The main culprit here is the Trump tariffs which make it untenable to produce items utilizing steel while competing on a global market.  If he doesn't tweak or fix this he will kill the steel industry and manufacturers the way tariffs and corn subsidies have our sugar industry.

5 days ago  ::  Dec 06, 2018 - 9:31AM #3
newinn
Posts: 31,526

Accordig to our President, HIS tax cuts were going to grow our way out of the defecit. The tax cut was a disaster, the tarriffs are a disaster and the idea that they were done to help the middle class is a joke

5 days ago  ::  Dec 06, 2018 - 9:45AM #4
louisiana_lightning
Posts: 13,107

Dec 6, 2018 -- 9:31AM, newinn wrote:


Accordig to our President, HIS tax cuts were going to grow our way out of the defecit. The tax cut was a disaster, the tarriffs are a disaster and the idea that they were done to help the middle class is a joke




They helped the middle class, gross receipts increased, and they would have been far more effective if it wasn't for the tariffs.  Granted the tariffs may be temporary pain as bargaining leverage but I am not so sure.

5 days ago  ::  Dec 06, 2018 - 11:36AM #5
yankoldfan
Posts: 5,124

Dec 6, 2018 -- 9:45AM, louisiana_lightning wrote:


Dec 6, 2018 -- 9:31AM, newinn wrote:


Accordig to our President, HIS tax cuts were going to grow our way out of the defecit. The tax cut was a disaster, the tarriffs are a disaster and the idea that they were done to help the middle class is a joke




They helped the middle class, gross receipts increased, and they would have been far more effective if it wasn't for the tariffs.  Granted the tariffs may be temporary pain as bargaining leverage but I am not so sure.




Wrong on both counts, tax cuts didn't help the middle class and neither has the tariffs... Obama baled out GM and don't forget they paid us back, but the tax cuts were supposed to trickle down, well how'd that work out... The same way the tariffs are working out, China has us over a barrel and the trade deals we had with China were better than any we'll ever get with donald leading this country... It's time for the cons to see through this man...

5 days ago  ::  Dec 06, 2018 - 11:47AM #6
louisiana_lightning
Posts: 13,107

Dec 6, 2018 -- 11:36AM, yankoldfan wrote:


Dec 6, 2018 -- 9:45AM, louisiana_lightning wrote:


Dec 6, 2018 -- 9:31AM, newinn wrote:


Accordig to our President, HIS tax cuts were going to grow our way out of the defecit. The tax cut was a disaster, the tarriffs are a disaster and the idea that they were done to help the middle class is a joke




They helped the middle class, gross receipts increased, and they would have been far more effective if it wasn't for the tariffs.  Granted the tariffs may be temporary pain as bargaining leverage but I am not so sure.




Wrong on both counts, tax cuts didn't help the middle class and neither has the tariffs... Obama baled out GM and don't forget they paid us back, but the tax cuts were supposed to trickle down, well how'd that work out... The same way the tariffs are working out, China has us over a barrel and the trade deals we had with China were better than any we'll ever get with donald leading this country... It's time for the cons to see through this man...




Provide me the quote where a pro-monetarist economist ever said “trickle down.”

5 days ago  ::  Dec 06, 2018 - 12:39PM #7
GottaGoToMo
Posts: 74,105

Dec 6, 2018 -- 9:31AM, newinn wrote:


Accordig to our President, HIS tax cuts were going to grow our way out of the defecit. The tax cut was a disaster, the tarriffs are a disaster and the idea that they were done to help the middle class is a joke




Ditto

4 days ago  ::  Dec 06, 2018 - 2:37PM #8
Max
Posts: 40,827

Dec 6, 2018 -- 7:29AM, newinn wrote:

How are those tax cuts for the workers at GM working out?






Those tax cuts are working out like this.....................




These companies claimed the GOP tax bill would 'boost jobs.' Now they're laying off employees.




thinkprogress.org/since-pushing-corporat... via @thinkprogress

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4 days ago  ::  Dec 06, 2018 - 2:41PM #9
Max
Posts: 40,827

Further proof that the Cons couldn't care less about the poor and middle class. But they love the 1%. 




Michigan GOP cuts paid sick leave, repeals minimum wage increase in lame-duck session




thinkprogress.org/michigan-gop-paid-sick... via @thinkprogress

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4 days ago  ::  Dec 06, 2018 - 4:45PM #10
yankoldfan
Posts: 5,124

Dec 6, 2018 -- 11:47AM, louisiana_lightning wrote:


Dec 6, 2018 -- 11:36AM, yankoldfan wrote:


Dec 6, 2018 -- 9:45AM, louisiana_lightning wrote:


Dec 6, 2018 -- 9:31AM, newinn wrote:


Accordig to our President, HIS tax cuts were going to grow our way out of the defecit. The tax cut was a disaster, the tarriffs are a disaster and the idea that they were done to help the middle class is a joke




They helped the middle class, gross receipts increased, and they would have been far more effective if it wasn't for the tariffs.  Granted the tariffs may be temporary pain as bargaining leverage but I am not so sure.




Wrong on both counts, tax cuts didn't help the middle class and neither has the tariffs... Obama baled out GM and don't forget they paid us back, but the tax cuts were supposed to trickle down, well how'd that work out... The same way the tariffs are working out, China has us over a barrel and the trade deals we had with China were better than any we'll ever get with donald leading this country... It's time for the cons to see through this man...




Provide me the quote where a pro-monetarist economist ever said “trickle down.”




You call it what you want, I call it trickle down, the tax break to the big corp. was to trickle down and create more jobs, just exactly the opposite has happened... maybe create more jobs in other countries, but GM is already laying off thousands of jobs, moving their factories to other countries.. It's time you stop believing donald, he can't tell the truth no matter what he says...

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