https://www.washingtonpost.com/business/economy/trump-seeks-15-percent-corporate-tax-rate-even-if-it-swells-the-national-debt/2017/04/24/0c78a35c-2923-11e7-be51-b3fc6ff7faee_story.html?utm_term=.0b8930fc07d0
>President Trump is pursuing a drastic cut in the corporate tax rate, a move that is likely to grow the national debt and breach a long-held Republican goal of curbing federal borrowing.
>The president has instructed advisers to propose cutting the corporate tax rate from 35 percent to 15 percent, according to White House officials who said they were not authorized to speak publicly about the plan. The rate reduction — which independent budget experts say could cost the federal government $2.4 trillion over a decade — is larger than what House Republicans had proposed in their own plan.
>White House officials said the president would make the announcement Wednesday as part of a release of broad principles to overhaul the tax code — days before a 100-day deadline Trump had given himself for achieving most top campaign goals. They are also expected to discuss changes to the personal income tax, among other aspects of the tax code, said two White House officials.
>Trump has pledged that the tax cut in total would be the largest in U.S. history, and his advisers have said that the economic growth it stimulates would make up for any shortfall in revenue.
>“The tax plan will pay for itself with economic growth,” Treasury Secretary Steven Mnuchin said Monday.
>But any changes would have to be backed by Congress, and passing a sweeping tax cut plan that widens the deficit would be virtually impossible on Capitol Hill without bipartisan support, in the view of key players in both parties. Many Democrats have said they will not support such a plan, making Trump’s proposal a tough political sell from the start.
>Businesses are projected to pay $340 billion in corporate taxes in 2018, roughly 10 percent of all revenue collected by the government.
>>135004
Lmaooo
>>135004
>National debt has gone down by 100 billion since Trump has taken office
Nice shill thread
>>135009
Still Obama fiscal year.
>>135004
That's what happens when you cut revenue, duuh. Why do republicans always do this? It didn't work when Reagan tried it, it didn't work when Bush Sr. tried it, it did work when W. tried it. You would think they would have learned that it doesn't trickle down by now.
>>135013
Oh, I'm pretty sure they know.
The problem is, Republican voters in general, and Trumptards in particular, really drink the Kool-Aid.
They really buy into the sophistry.
>>135014
the problem is that your other option is a feminist hag who wants to replace you with millions of cheap laborers. Clinton literally sold out our middle class with NAFTA. both parties suck.
>>135024
I'd rather have that over more breaks for people who don't deserve it.
Also pretty sure HRC wasn't in control then
>>135024
>sold out our middle class with NAFTA
>implying the rust belt wouldn't be moving to Mexico if only a Republican had been POTUS in the 90's.
Treaties LOOK like a series of promises, but they're mostly just agreed upon perceptions of a preexisting political reality.
>>135024
>Clinton literally sold out our middle class
False. CEOS sold out our middle class to robots. Clinton had nothing to do with it.
>>135044
>CEOS sold out our middle class to robots
They had little choice (muh "free" market), but yeah, blue-collar America lost more jobs to robots than Mexicans.
The flip-side is the jobs currently moving to China and Mexico are the ones at most risk of being automated.
>>135013
They know it doesn't trickle down but they'll continue to pee on you and tell you it is.
>>135009
>What is FY2016
Nice retardation during full damage control
>>135013
>>135014
Of course they know it doesn't work. They also know it's part of the strategy that's helped them consolidate wealth up at the top and they're not wanting to let that go away. Same reason the healthcare debate keeps coming up even though they failed miserably at it just a couple months ago; it's a tax on those same people at the top who pull the republican strings.
>>135014
>Calls political opponents "Trumptards"
Thats how you know he's not worth talking to right off the bat folks
>>135165
Do you need a blanket? How about a good cry because you're acting like a little faggot right now.
Don't worry, it'll all trickle down.
>maga
>okay, let's raise taxes on the rich, and corporations to what they were in the 50's, and strengthen unions, and public investment
>no bad goy.
>>135170
Good going, now everyone knows your parents are divorced
>>135013
The only thing that flows up hill is money. Shit rolls down hill though...
>>135024
>Don't blame me, I voted for Kodos!
Both parties are in the pockets of Wall Street you clown, the whole problem is that the establishment Democrats are center-right and the Republicans are far right. People love to claim stupid shit about "horseshoe theory" and how the Democrats are "leftists" because they push stupid identity politics nonsense but that has nothing to do with the "left" and "right" in political terms- it literally came from the French Revolution where the revolutionaries who wanted to give control of the country to the working class would sit on the left side of the room when they negotiated with the monarchists who sat on the right and wanted to keep control in the hands of a small ruling class.
Bernie was the only legit left-wing candidate in decades and he got shat on by the media constantly, because the establishment of both parties wants to keep you people squabbling over petty bullshit while they line their pockets and privatize fucking everything.
You say that Clinton and Trump were the only options but that's a false dichotomy- you shouldn't have supported either of them because they're both shit.
>>135004
>independent budget experts say could cost the federal government $2.4 trillion over a decade
Or, ya know, cut spending or something. Crazy, right?
>>135069
Both parties are designed to consolidate wealth at the top. The Republican tax cuts for the rich and the Democrat increase in welfare dependency are two arms of the same beast. Both parties take favors from the elite and no matter who is in power the rich win. The only way to change things is to completely up heave the status quo and stop falling for subversion in the form of social issues. Until the majority of the population can stop bickering about dumbass shit like what bathroom a confused child should use we will never progress as a society.
Businessman is still a business man
what is important is Money
Good luck, fucking Americans, we will now see your country dies
>>135247
>cut spending
Tell it to Trump's plans for a $50billion increase in defense spending.
>>135268
>cutting taxes on the rich while also increasing spending
>expecting this to revitalize the economy
I hate this country.
>>135260
No my friend, it'll be rediscoverd! In a grand New country ran by power and fearful might!
>>135270
Lol then leave mate
>>135165
>killery
>shillery
hypocrit
If only corporations paid zero taxes and there were no government regulations, the wealth would finally trickle down!
>>135260
Fuck you, America got through Nixon, wait four years then we'll see who's laughing
>>135013
Go look up some facts instead of regurgitating msm. The debt went down and Reagan almost doubled federal revenue by the time he left office.
>>135300
>nixon
>bad policy and leadership wise
lmao minus watergate, his administration was pretty fucking solid
>>135291
Never said either. You're slipping.
>>135301
I lived through it, kid, you aren't fooling anyone.
He doubled the GDP but tripled the debt and ruined the savings and loan industry, to say nothing of how his Fannie Mae and Freddie Mac privatization reforms in 1981 planted the seeds of the housing crisis of the last decade.
http://zfacts.com/wp-content/uploads/US-national-debt-GDP-graph.png
>In 1945, corporations paid 50% of federal taxes; now they pay about 15%.
>It's called consolidation; strengthen governments and corporations, weaken individuals. With taxes, this can be done imperceptibly over time.
Why the fuck do videogames get all the clairvoyants?
>>135359
Because said clairvoyants would rather live a comfortable life than do anything meaningful, therefore, wasting their gifts.
This is also the fault of the world's education systems indoctrinating children. American government, in America, is to blame as well by basically making it illegal to not have your child in indoctrination school.
While studies may show a simple observation of time at one point, life can show you that there are poor and uneducated people that are more honest and rule following than most "successful" people. The problem is, the world is lead by sharks, and like sharks they act. Seeking war instead of peace, seeking division instead of unity, or simply presenting a one-sided deal as the answer to the current problem, and of course it will be one sided, they ARE sharks.
But no one sees this as a problem because through basically every outlet we have, we glorify being the shark AND saving the day, thus painting a "good" portrait of a shark, but sharks spare no meals.
Children are disobedient to parents because the education system, either passively or threateningly, does what they should have been doing the whole time. Therefore, without both parties realizing it, the father and mother of the child becomes school subconsciously.
Children will fight against their own parents about some trivial piece of information without respecting the fact they were there before them and lived through what ever they're arguing about, but the unfortunate thing is that the parents of the child went through the same thing their child is going through. Yea, the information is relatively the same, except for "updates", etc., and yet both parties will argue over these little details as if they were there because they heard it from their father or mother. You know, school.
Don't get me wrong there is some good in the schools, but we need to separate the poison that is mixed in with the cure.
>>135248
Copied. Using this later.
>>135246
The country is so corrupt that if no one voted, one of them would have been president because of the way voting works. Remember, the people in office will "represent" you.
Rome 2.0