Trump Delivering: Us Gets A Tax Break & The Us Economy Is On The March

[youngmafbog]

"Trump secures major victory as Senate Republicans pass $1.5 trillion tax cut Bill"

What a pity we don't have someone in power who wants to put the UK first and make us great again. Read and weep Theresa the Appeaser and all those Remoaners (NOT remainers).

US economy:
http://www.dailymail.co.uk/news/article-5196791/Trumps-economy-march-writes-JUSTIN-WEBB.html
US tax break:
http://www.dailymail.co.uk/ushome/index.html

[emmie]

it would seem many like it, but not the Democrats..

[Hazi-Hammenuhoth]

Another promise kept.

[emmie]

so it is, but like all his promises not everyone likes them.

[albaqwerty]

the tax breaks for business are permament, the tax breaks for the 'little, ordinary worker' are not
(or so I heard on the news this morning.)

[anotheoldgit]

Well done that man, America first, pity our leaders don't follow his lead and put Britain first and take a chunk out of our overseas aid instead of giving the Councils permission to raise our Council Tax to pay for extra Policing and Security.

[emmie]

aog
true, that's the next hit we will get, extra on the
council tax.

[Khandro]

//the tax breaks for business are permament, the tax breaks for the 'little, ordinary worker' are not //

How does that work? surely the tax breaks are for everyone - isn't it obvious that the biggest earners will save a bigger sum than the lowest? but it isn't proportionately more.
The more money everyone has, the more they spend and the economy booms and the unemployed find work.
Trump knows this because he is a businessman and not a career politician, which is what we are stuck with (Nigel Farage excepted :0)

[ToraToraTora]

direct taxation the darling of the left, they cannot comprehend any other way.

[hereIam]

Good on Mr Trump ...

[Gromit]

All paid for by borrowed money.
The cost $1 trillion will be added to the deficit for future generations to pay back.
God Bless America!

[ichkeria]

Alba is correct.
Trump claims these tax cuts are not going to benefit him (cough splutter)

[Khandro]

Gromit//All paid for by borrowed money.//
Well, as a Labour supporter you should know all about that.
But you are wrong, and Trump is on the right path, the tax cuts will be paid for out of the growth in the economy which it will produce. Stand back and watch.

[Khandro]

spa//Magic Money Tree for the DUP #brexit//

That is nothing to do with me. Dislike of Labour doesn't make a Conservative.

[ichkeria]

‘Trickle down’ economics doesn’t work : it didn’t work in the US from 1980 to 92, when the deficit soared, poverty increased, and the middle was squeezed. There is no reason to suppose it is going to work now, especially with a charlatan like Trump at the helm. Much of the ‘bounce’ has happened in spite rather than because of anything he has done - and given that he hasn’t done an awful lot that is scarcely surprising.

[Gromit]

Tickle down economics has not only NEVER worked, there is good evidence that it is very dangerous.

// In 1926, Calvin Coolidge’s treasury secretary, Andrew Mellon, one of the world’s richest men, pushed through a massive tax cut that would substantially contribute to the causes of the Great Depression. Republican Sen. George Norris of Nebraska said that Mellon himself would reap from the tax bill “a larger personal reduction [in taxes] than the aggregate of practically all the taxpayers in the state of Nebraska.” //

[Khandro]

Different times, different circumstances.

[Gromit]

Khandro,

Is this more recent for you..

// President Reagan introduced the Tax Reform Act of 1986, which cut top rate tax from 70% to 28%. It didn’t long for the trickle down to not take effect. In October 1987, the worst stock market crash since the First Great Depression shook Wall Street. //

President Bush last pulled the same con in 2006, and the economy was so stimulated we had the great financial crash in 2007.