Liberal weenies know how to do one thing well – spend someone else’s money. They don’t know how to make money and, as they see it, they don’t need to. When liberal weenies need money, they simply take it, taxing Mom and Pop America and American businesses. That’s how simple their plan is and that is why the US economy was on its knees before Donald Trump was elected President of the United States.
Now that the economy is a roaring bonfire, President Trump and the Republican Congress are seeing to accomplishing President Trump’s promises of tax cuts, both personal and business.
The haze you see today over LA today isn’t smog from automobiles, but rather from smoking liberal weenie brains, trying desperately to grasp the concept of President Trump’s tax reform plan. Liberals are taking to the microphone and keyboard to slam President Trump’s plan of cutting taxes drastically to further invigorate an already skyrocketing economy. They simply cannot wrap their heads around the concept of “addition by subtraction” that is the heart of the Trump plan, which promises (and which the Treasury Department has now confirmed) that cutting taxes by $1.5 trillion will actually create $1.8 trillion in new tax revenue, leaving a $300 billion net gain.
As bad as liberal weenies suck at economics, they are even more clueless when it comes to history. President Trump didn’t simply pull his tax plan from a hat. He sees the big picture, and he knows history. His tax reform plan has been tried twice before, by JFK and Reagan, and both times it led to tremendous economic growth and more tax revenue as a result, and it will do the same again!
Fun fact: If JFK were alive today, he would be a Republican. The Democrat Party of the early 60s was far more conservative than the joke of a socialist, big government party that is today’s Democrat Party. Also, JFK was a true activist in the civil rights movement, a Republican initiative which was fought tooth and claw by the Democrat Party, the party of the KKK and Jim Crow. It wasn’t for no reason that Martin Luther King was a Republican.
From The Washington Times
The Treasury Department said Monday that the Senate-approved tax reform plan would pay for itself and more, actually boosting revenue by $300 billion over 10 years.
The one-page analysis by Treasury counters a congressional forecast that the tax cuts would add about $1 trillion in deficits over the next decade.
Treasury said the legislation, which cuts corporate and individual taxes, would result in $1.8 trillion in additional tax revenue over a decade by spurring stronger economic growth. Subtracting tax cuts of $1.5 trillion from the measure under current law, the administration said, adds up to a gain.
“The administration has been focused on tax reform and broader economic policies to stimulate growth, which will generate significant long-term revenue for the government,” said Treasury Secretary Steven T. Mnuchin.
Treasury’s analysis forecasts annual economic growth of at least 2.9 percent, higher than the 2.2 percent estimates used by the congressional Joint Committee on Taxation.
“Treasury expects approximately half of this 0.7 percent increase in growth to come from changes to corporate taxation,” the report said. “We expect the other half to come from changes to pass-through taxation and individual tax reform, as well as from a combination of regulatory reform, infrastructure development, and welfare reform as proposed in the administration’s fiscal year 2018 budget.”
Before the Senate narrowly approved the tax-cut plan a week ago, Republican leaders criticized the JCT analysis for underestimating growth. Gross domestic product has topped 3 percent in each of the past two quarters.
House and Senate negotiators are working to complete the package within the next two weeks.
The liberal Super PAC American Bridge called Treasury’s analysis “a joke.”
“ I t’s like saying, ‘I could fly if I could grow wings, ’ ” said American Bridge Vice President Shripal Shah. “The fact that the Trump administration had to doctor a study with fake calculations about major plans that don’t even exist yet is a glaring admission of guilt.”