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(indepdenent) Congressional Research Service confirms that GOP tax scam bill hasn't delivered any of the promised economic benefits

Posted by: professor zovek (a.k.a mickpix) on May 28, 17:48

https://thehill.com/policy/finance/445830-tax-law-had-small-effect-on-economy-wages-study

The report said the tax law's effects on the economy were smaller than those predicted by a slew of forecasters and added that the economy's growth was not consistent "with the direction and size of the supply-side incentive effects one would expect from the tax changes."

The CRS, which functions as a think tank of sorts for Congress, also found wages were not growing as quickly as the economy writ large.

Adjusted for inflation, wages grew 2 percent in 2018, less than the 2.9 percent gross domestic product growth rate. For workers in production and nonsupervisory roles, wages grew only 1.2 percent.

(indepdenent) Congressional Research Service confirms that GOP tax scam bill hasn't delivered any of the promised economic benefits professor zovek May 28, 17:48

"Instead, companies used large portions of the tax cut to buy back stocks" {nm} professor zovek May 28, 17:49

The economy is booming! The unemployment rate is lowest in 49 years. The economy is so heated up, the Fed is trying to control the growth. {nm} PhoneHome May 29, 07:39

You can say the sky isn't blue all you want, but anybody can step outside and see (without a research lab telling them that it's yellow). PhoneHome May 29, 07:44

"the tax cuts cost more than they benefitted" ha ha ha, tax cuts don't "cost" anything. Its MY money, allowing me to keep some forlorne May 29, 12:06

start by not giving $107 million/year to the obviously useless Congressional research service {nm} forlorne May 29, 12:08

A pittance amount compared to the Estimated U.S. military spending $989 billion. {nm} Antibody May 29, 13:26

Agree that should be cut also, but there is no "pittance" when you are coercively confiscating my family's money forlorne May 29, 14:20

the Sixteenth Amendment to the Constitution lawfully imposes a federal income tax. nothing is being coercively confiscated from anyone {nm} professor zovek May 29, 15:31

it is being LAWFULLY confiscated by coercive means i.e. the threat of fines & jail. Confiscate: take or seize (someone's property) with auth forlorne May 30, 09:11

no, that's just a law. you can choose to obey laws or not, that's on you. and in fact the takings clause of the Fifth Amendment requires professor zovek May 30, 10:39

So I really have a choice whether to pay my taxes? If I don't, any assets I have will be confiscated And/or I will be jailed. Its a simple forlorne May 30, 12:32

you have a choice whether to obey the law or not, just like everyone else who doesn't evade taxes through loopholes and shelters for the 1% {nm} professor zovek May 30, 13:37