Posts Tagged ‘tax cuts’

DEFEAT THE DEMOCRAT, PROGRESSIVE LEFT

NY City Tammany Hall leader “Boss” Tweed, 1860’s-70’s

Although I’m more conservative than liberal, I try to be even-handed in my writing.  However, the Left has become so radical, and even criminal at times, I think an article that is not even-handed is in order and appropriate. The following is a brief summary of what I believe has and is happening to adversely affect the Democrat Party:

1. President Biden used to be a moderate Democrat for most of his political career, but he has governed  as a far-left radical after becoming President of the United States.  His policies are difficult to understand and appear to all be geared to hurting Americans and the U.S.  Examples of this include his dismantling of the myriad of immigration and border policies that kept illegal immigration very low; putting America in huge debt by wasting trillions of dollars in allegedly helping Americans get over the pandemic; dividing America along racial lines by supporting and funding Critical Race Theory; weakening our military by not providing it without enough funds to keep up with inflation; by removing economic sanctions from our adversaries such as Iran, China, and Russia.

2. Mainstream Media has become so dishonest that absolutely nothing it says about former President Trump or President Biden can be believed.  It is also guilty of “bias by omission” since it reports next to nothing that makes former President Trump look good or President Biden look bad.

3. Democrat Party leaders refuse to debate issues but instead make “ad hominem” (personal) attacks against Republicans.  The reason for this is that their policies are absurd to the extent that they cannot be successfully defended from arguments against them.

4. Democrat policy positions on everything, from Immigration to Healthcare to Tax  Cuts, are disingenuous and are geared solely to further the Democrat Party at the expense of the American public.

5. Far-left Democrats should commend President Obama because he did their bidding by trying his very best to drastically weaken our military, economic system, and Healthcare in order to further his Socialist agenda and that of the Democrat Party (by having a large permanent poverty class dependent on the government for basic subsidence).  He (and President Biden) also allowed large numbers of illegal aliens into the U.S. since most will eventually vote Democrat, and Obama doubled the National debt (from $10 trillion to $20 trillion), coming close to bankrupting the country (and President Biden will finish the job).

6. The Democrat Party, Barack Obama, and Joe Biden destroyed healthcare insurance for millions of Americans; only those receiving free medical insurance did well under Obamacare.

7. The far-left shouts down conservative speakers on college campuses, as well as destroys property in its demonstrations, thus demonstrating it does not believe in the First Amendment to the U.S. Constitution on freedom of speech and also cannot debate anyone it disagrees with.

8.  Many Democrat leaders, such as Democrat Congresswoman, Maxine Waters, and House of Representatives  Democrat “Squad,” have advocated violence while the Main-Stream Media falsely accuse President Trump of instigating violence.

9. Many Republican leaders are timid and cannot competently argue conservative policy positions though those positions are usually far better than liberal positions.  Were it not for Fox News and other  cable TV stations, talk radio and President Trump, the Republican Party would be in terrible shape.  In other words, as ridiculous as most liberal positions are, the timidity of many Republican leaders really hurts the adoption of conservative policy positions.

10. I believe that the far-left wing of the Democrat Party is shaping and mentally preparing its followers to violently take over the Federal government.

If and when Democrat Party loyalists see what has happened to their Party and punish it by not supporting it until it changes, the Party should then clean itself up and consequently become more competitive and win many more elections.

GOP/TRUMP ECONOMIC PLAN: REDUCE TAX RATES TO INCREASE TAX REVENUE

How can President Trump and the Republican House and Senate pay for large tax cuts and a trillion dollars in infrastructure improvements that they are advocating and still eliminate Budget Deficits and eventually the National Debt?  Few politicians explain this so I thought that a U. of Penn Wharton graduate (me), who should know this, would explain it.  Many are concerned that the large proposed infrastructure spending and proposed tax cuts will force the U.S. further into debt.  If you simply look at the economy as static, this would be true.  However, the economy is dynamic, not static.  Therefore, when you change some things, like reducing corporate taxes from the current 35% to President Trump’s 20%, as well as reducing taxes on the working and the middle classes, this stimulates businesses in many ways, bringing back U.S. business and investment money to America and stimulating new businesses and the growth of existing businesses.  In addition, Trump will repeal the individual mandate contained in Obamacare, which is the penalty that Obamacare imposes on those who chose not to be covered under it, estimated at $358 billion. Finally, there is about $3 trillion in U.S. corporate funds residing in other countries, that with a one-time repatriation tax rate of 10%, will return to the United States and be invested here.

All of this resulting economic activity will result in a huge increase in the Gross Domestic Product (GDP), which is a measure of the size of the U.S. economy.  The taxes from this huge growth in economic activity, though the tax rates are reduced, will result in tax revenues being vastly increased.  President Ronald Reagan did this in the 80’s, as well as reduce regulations, and GDP consequently almost doubled in size within 10 years from the time that Reagan’s tax rate cuts went into effect (1983).  President Kennedy also did this in the 60’s.

GDP growth is extremely important because, with 4% annual GDP growth, the United States can afford to do what needs to be done without having annual budget deficits, that at the end of each fiscal year, are added to the total national debt.

If some form of the Trump/GOP tax cuts become law, the United States economy (as measured by Gross Domestic Product, GDP) will more than double in 10 years.

 

 

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