WINNING!! Third Quarter GDP at 3.5% – President Trump Continues to Reduce US Debt to GDP –

That is the Republican plan. To cut spending by cutting Social Security, Medicare, and Medicaid while raising the military budget.

 

I hope you don't ever hold your breath waiting for either party to use the surplus to pay down the debt. I don't see that happening.

 

If I borrowed $1T and manufactured products that I sold for $500B then the GDP would also rise. Now do the analysis

 

Yes within the 18 months I said.

 

So you missed Trumps budget conference this week.

 

And as his policies have been enacted and are producing results what are those numbers?

 

Who asked you to do that?

 

In one year that would be a fantastic return on investment. Over the next ten just imagine!

 

I did not say one year. The $500B is total sales. I need to borrow another $1T next year

 

Fantastic news! Folks need to remember where we were at 8 years ago with a dem control congress, that had been in place for 4 years and a dem president finishing his second year...double digit unemployment, massive deficits...if you want to lose your job and raise your taxes vote Dem. if you want to be successful and better off vote GOP

 

Return on investment as of now is in one year. The initial rate of return will be followed by many years of growth from this one investment.

 

So , according to the trumpettes , all we are supposed to pay attention to is a GDP increase ?

Ignore everything else ?

 

Have you not seen that to continue I will need to borrow another $1T? When did the Rep party become a borrow and spend party? The reality will hit hard in December

 

Tax cuts are the issue here and they will bring increased corporate profits for years to come that will result in increased tax revenues that will bring down the defecit. Of course that last part depends on on congress not spending it on other things but that's another issue.

 

Glad to see you finally figured out that one issue is linked to the other.

 

Government spending and investment added 0.56 percentage points to growth, slightly higher than 0.43 percentage points in Q2. It increased 3.3 percent, above 2.5 percent in Q2.
https://tradingeconomics.com/united-states/gdp-growth

 

Not sure how my saying "that's another issue" links them but in your mind it seems to.

 

Based on past performance I am not gullable enough to believe anything he says. He has made claims to provide great health insurance to every American which was a lie. He has said he will protect preexisting condition insurance which is a lie.

So far all he has actually done is repeal parts of Obamacare and tried to repeal all of Obamacare without ever actually introducing legislation for a replacement.

 

In year one I make $100,000 profit
Tax at 30% means $30,000 tax
Tax at 15% means $15,0000 tax

In year 2, I again make $100,000 profit but going to take off last year tax and calculate tax paid on that.
Tax at 30% on $70,000 means $21,000 tax
Tax at 15% on $85,000 means $12,750 tax

Hence tax revenue over 2 years when taxed at 30% is $51,0000 and when taxed at 15% is $27,750. Hence loss of tax revenue is $23250. Hence deficit is increased

 

Oh, so these two issues are unrelated ?

Please explain.

 

Nice fairy tale but irrelevant to reality

 

One issue is tax revenue increase brought about by lowering taxes which let's companies grow and prosper.

Second issue is what does government do with the increased tax revenue? Do they spend it or apply it to lowering the defecit.

Ones a resource enhancement issue while the others a resource allocation issue.

See the difference now? Glad to help and you are welcome.

 

Ok, try and explain your statement

"Tax cuts are the issue here and they will bring increased corporate profits for years to come that will result in increased tax revenues that will bring down the defecit." using actual figures.

Do you know how percentages work? Why not reduce tax to 10% since your obscure belief is that the deficit should reduce even further

 

Thank you for showing that the issues are linked. One is useless without the other.
Furthermore, lowering taxes does not increase tax revenue, so your premise is false.

 

I would have zero tax on corporations. In the end it's consumers who pay those taxes that are added on to the goods or services a corporation produces. Also in the end as a corporation grows and profits in the world market it hires American workers that pay more taxes as their income goes up which increases tax revenue. It worked for JFK and Reagan and it's working now. Tax revenues are already going up since the tax cut.