david stockman says trump tax plan dead

[dilbert firestorm]

http://www.cnbc.com/2017/04/29/david...elusional.html

I like stockman, he was Reagan economic guy. just wish he was part of trumps circle.

[gnadfly]

Stockman has been pulled out anytime the left has a point to make. Didn't he get fired because of he shot down most of everything, including "Reaganomics?"

There are two main issues:
1) Health Insurance cost need to go down.
2) Obama had 8 years of "free money" with little to show for it.

[Jackie S]

Originally Posted by gnadfly

Stockman has been pulled out anytime the left has a point to make. Didn't he get fired because of he shot down most of everything, including "Reaganomics?"

There are two main issues:
1) Health Insurance cost need to go down.
2) Obama had 8 years of "free money" with little to show for it.

David Stockman is entrenched in the past. He is on the same wave length as David Gergen and Karl Rove.

They don't get it.

[TheDaliLama]

That's a Laffer

[Yssup Rider]

Is Stockman a cocksucker?

How about a filthy pig?

Haven't heard those yet...

[TheDaliLama]

Originally Posted by Jackie S

David Stockman is entrenched in the past. He is on the same wave length as David Gergen and Karl Rove.

They don't get it.

I think Stockman is now a doomsday silver and gold seller.

[gnadfly]

Originally Posted by Yssup Rider

Is Stockman a cocksucker?

How about a filthy pig?

Haven't heard those yet...

You just said them by "playing that you didn't say them." Be sure you return WDF's tool kit.

[dilbert firestorm]

Originally Posted by gnadfly

You just said them by "playing that you didn't say them." Be sure you return WDF's tool kit.

don't know about that, looks like hes enjoying wdf's tool.

at least he stopped with the one liners.

[SpeedRacerXXX]

Whether you like Stockman or not, the tax plan is DOA. Although many blanks need to be filled in, there is no way the 4 bullets proposed by Trump will pass. Unless he wants to admit that he can't lower taxes and lower the national debt at the same.time.

Estimates are that the rich will make out like bandits and the middle class will slightly benefit from the new tax plan. Similar to the AHCA.

Do I like paying taxes? No. Do I feel over-taxed? No.

[WTF]

Originally Posted by gnadfly

Stockman has been pulled out anytime the left has a point to make. Didn't he get fired because of he shot down most of everything, including "Reaganomics?"

.

In addition, the small “income-tax cuts” that were given to the middle and lower income tax brackets were countered with new taxes that were directed at middle and low income individuals, as former House Speaker Jim Wright said:

Reagan's tax increases fell mainly on consumers, low- and middle-income people. Sales and excise levies. Reagan didn't call these taxes. They were, in his euphemistic lexicon, "user fees" and "revenue-enhancers."

The most important issue though is that even if you take the Reagan “Trickle-Down” policy at face value it’s still horribly flawed as a policy that will provide economic growth that benefits all Americans.
There is no realistic way for "Trickle-Down" economics to work to increase the income of the working classes of America. In fact I am certain that the developers of the theory of "Trickle-Down" economics were fully aware of this and that "Trickle-Down" has in fact worked as intended. This means that the intent behind implementing "Trickle-Down" was to benefit the wealthiest Americans at the expense of working class Americans. "Trickle-Down" hasn't failed, as many modern economists have suggested, it has succeeded in its goals, which is the increase of economic inequality and the shift of a greater portion of America's wealth into the hands of the wealthiest Americans.

http://www.rationalrevolution.net/war/trickle_down.htm