the "fiscally responsible party" is wanting to slash taxes and drive up deficits in the middle of an economic expansion. What could possibly go wrong if a recession hits?
Maybe if Democrats stopped sucking W's cockle-doodle-doo they would start making the comparisons of Trump to Bush
These cuts are absolutely reprehensible. I appreciate Bush coming forward and speaking out against Trump; then again, I always liked him as a person even though I absolutely hate what his policies did to the economy. Because, yes, this tax cut bill is basically all of what threw us into recession dialed up even more.
same , but I also feel this Tax Cut will really help the economy.
I'm serious here: Can you please explain why you think this cut will help the economy?
We're currently already at some of the lowest unemployment numbers we've seen in ages. Even the U5 (includes discouraged workers/marginally attached workers) and the U6 (includes part-time folks) numbers are a lot lower than they've been in a long time, too. We're about on part with early 2007, and just a tiny bit worse than 2000.
Here's a good chart with the relevant information.
So taking that into account, the economy can't really grow much more. Business, especially part-time places, are getting desperate. Unless we bring in more workers (which would require expanding immigration laws, not tightening them), there's not much more room for the economy to grow.
I just... I don't understand how this tax cut is supposed to help the economy grow when it's already doing extremely well. And that's while giving trickle-down economics the benefit of the doubt.
My biggest frustration with this whole bill is that we simply can't afford tax cuts, and the American people want to keep the benefits they have, on the whole. So this is just going to grow the deficit without any real plan on how to deal with it. I may be fairly liberal, but I've always been frustrated by the deficit (let's blame my College Republican days), and if there was one thing I agreed with the Republicans on, it was trying to get spending in order. But they've completely thrown off the disguise of being in favor of a more balanced budget and come out as supporting the ultra-rich with this plan. It's just absolutely disgusting.
