The Trump administration's $1.5 trillion tax cut package appeared to have no major impact on businesses' capital investment or hiring plans

[LogicIsForSquares]

Trickle down doesn't work in a global economy where you can sit your money in tax shelters? No way.

[calfoxwc]

the reality bites the dump op:

https://www.investors.com/politics/editorials/trump-tax-cuts-economy-deficits/

[LogicIsForSquares]

@calfoxwc said:

the reality bites the dump op:

https://www.investors.com/politics/editorials/trump-tax-cuts-economy-deficits/

I did like how the article addressed the spending. No matter how you figure it, we are well past time for some austerity to reign in spending.

[Westside Steve]

@logicisforsquares said:

I did like how the article addressed the spending. No matter how you figure it, we are well past time for some austerity to reign in spending.

Good luck.

WSS

[Canton Dawg]

@logicisforsquares said:

I did like how the article addressed the spending. No matter how you figure it, we are well past time for some austerity to reign in spending.

Nailed it, that applies to both sides of the aisle.

[LogicIsForSquares]

@westside-steve said:

Good luck.

WSS

Well aware. No politicians will push that position because they care more about career than actually leading.

[OldBrownsFan]

@logicisforsquares said:

Well aware. No politicians will push that position because they care more about career than actually leading.

Spot on, if politicians want to be elected/re-elected cutting spending is not going to make them popular. The "popular" ones will be the ones who will be for continuing to spend beyond our means and doling out the gravy train. It has been way too easy to create new spending with new government programs than it is to cut a program after it has been implemented. It is just the way our system is set up so there will likely be no real pursuit to get spending under control until it becomes a crisis which is where I think we are headed. 

[Westside Steve]

@logicisforsquares said:

Well aware. No politicians will push that position because they care more about career than actually leading.

Not only that but just about every high-ranking politician will still be raking in the fuck you money no matter how bad the economy gets. Trickle-down economy? Well shoveling money to deadbeats doesn't make things better either. But it does get votes.

WSS

[Clevfan4life]

blanket tax cuts are always a losing prop and Trump would know that if he was smarter. You don't hand out tax cuts just assuming that increases domestic investments. It doesn't. Logic was 100% right. You hand out tax cuts, and substantial ones...to companies that "PROVE" they're investing in god damn America and the fucking American people. Raise wages, get even more tax breaks. 

[DieHardBrownsFan]

[Clevfan4life]

It looks like an Audi hummmph signed that letter

[DieHardBrownsFan]