For the author; which analysts comprise ‘many analysts’ who doubt the tax reform package will pass? I doubt there are many in the Continental US.
I assume the analysts she speaks of are analysts who have vested interests in firms that will be adversely impacted by the capital re-direction that will occur as a result of the taxation change on reinsurance cash flows into Bermudan cos. invested in Bermudan funds.
Re: Jaret Seiburg’s comments… there will be revenue offsets, and thus, smaller deficits, if any, from the tax code change bill, as well as from accelerated GDP growth from about 3% now to about 4% by late 2018. To deny this is,… well,… living in denial. Loopholes are reduced to create revenue to offset the tax cuts to the MIDDLE CLASS.
I’m pleased that the analysts quoted in this article did not claim there are “tax cuts for the rich” in the bill, like the liberal politicians and news media lemmings who count on uninformed voters for their votes, and viewers for their ad revenue to keep them in business, respectively.
Polar, we would already be at 4% growth had we not had several hurricanes that impacted business. Tax cuts and repatriation of offshore money (3-4Trillion) at last estimate will be used to grow our economy. Add that to the 20% Tax rate of corporations and this economy will really take off and create millions of jobs. Bad news for liberals who want to tax us to death. Too bad, so sad.
I will be the first to admit that I am wrong, since it would amount to huge, unprecedented growth in the country. But there is a reason that every objective organization is calling for huge deficit increases if this bill passes.
Unemployment is already at levels not seen for almost 2 decades (thanks, Obama). Giving businesses more money won’t allow them to hire more people, since there aren’t that many people out there looking. And studies have shown, when those at the top get to keep more of their money, they don’t automatically think, “Hmm, maybe I should give more of this money to my employees,” they just further invest it or keep it out of the economy, where it does nothing for anyone except for that one person and perhaps their families.
But, once again, I would be happy to be wrong about this.
Well, you are wrong and you are citing Chucky Shmucky’s and Nancy Pelosi Galore’s talking points. By the way, if the American economy is unleashed like this tax plan calls for, we will be hitting 4-5% GDP in a few short years. A little better than the 1.5% to 2% we had for 8 years, don’t you agree?
Psst; many technically trained people are currently underemployed and can easily transfer to a higher level position as soon as the tax cuts are implemented.
GDP growth levels are being underestimated by ‘EVERY OBJECTIVE ORGANIZATION’ in the ‘deficit’ projection talk because this tax plan is only ONE step to be taken. They CANNOT include the latter phases of the economic plan. Their analyses stop at step one, not the full plan. Do you even know what the next few steps are going to be? Neither does ‘EVERY OBJECTIVE ORGANIZATION’. Hint: see regulatory rollbacks and related EOs to stimulate GDP growth.
Also; capital repatriation (returning) to the US will be used to step up GDP growth. ‘EVERY OBJECTIVE ORGANIZATION’ is analyzing the tax proposal as a stand alone action. Sad.
The U3 number excludes those who gave up looking for work, but who are willing to return to the workforce after Trump creates high wage, skilled labor jobs through EOs and Congressional legislation. In other words, Trump will MAGA by creating jobs and lowering the U6 number to record low levels.
MU6LTEB = Make U6 Lower Than Ever Before!
Some say that employers are having trouble filling their positions. Think the 95 million drawing their benefits should start looking for work again instead of sitting on their couch watching their flat screens.
For the author; which analysts comprise ‘many analysts’ who doubt the tax reform package will pass? I doubt there are many in the Continental US.
I assume the analysts she speaks of are analysts who have vested interests in firms that will be adversely impacted by the capital re-direction that will occur as a result of the taxation change on reinsurance cash flows into Bermudan cos. invested in Bermudan funds.
Re: Jaret Seiburg’s comments… there will be revenue offsets, and thus, smaller deficits, if any, from the tax code change bill, as well as from accelerated GDP growth from about 3% now to about 4% by late 2018. To deny this is,… well,… living in denial. Loopholes are reduced to create revenue to offset the tax cuts to the MIDDLE CLASS.
I’m pleased that the analysts quoted in this article did not claim there are “tax cuts for the rich” in the bill, like the liberal politicians and news media lemmings who count on uninformed voters for their votes, and viewers for their ad revenue to keep them in business, respectively.
Polar, we would already be at 4% growth had we not had several hurricanes that impacted business. Tax cuts and repatriation of offshore money (3-4Trillion) at last estimate will be used to grow our economy. Add that to the 20% Tax rate of corporations and this economy will really take off and create millions of jobs. Bad news for liberals who want to tax us to death. Too bad, so sad.
I will be the first to admit that I am wrong, since it would amount to huge, unprecedented growth in the country. But there is a reason that every objective organization is calling for huge deficit increases if this bill passes.
Unemployment is already at levels not seen for almost 2 decades (thanks, Obama). Giving businesses more money won’t allow them to hire more people, since there aren’t that many people out there looking. And studies have shown, when those at the top get to keep more of their money, they don’t automatically think, “Hmm, maybe I should give more of this money to my employees,” they just further invest it or keep it out of the economy, where it does nothing for anyone except for that one person and perhaps their families.
But, once again, I would be happy to be wrong about this.
Well, you are wrong and you are citing Chucky Shmucky’s and Nancy Pelosi Galore’s talking points. By the way, if the American economy is unleashed like this tax plan calls for, we will be hitting 4-5% GDP in a few short years. A little better than the 1.5% to 2% we had for 8 years, don’t you agree?
NAME ‘every objective organization’. Ready, steady, … GO!
Psst; many technically trained people are currently underemployed and can easily transfer to a higher level position as soon as the tax cuts are implemented.
GDP growth levels are being underestimated by ‘EVERY OBJECTIVE ORGANIZATION’ in the ‘deficit’ projection talk because this tax plan is only ONE step to be taken. They CANNOT include the latter phases of the economic plan. Their analyses stop at step one, not the full plan. Do you even know what the next few steps are going to be? Neither does ‘EVERY OBJECTIVE ORGANIZATION’. Hint: see regulatory rollbacks and related EOs to stimulate GDP growth.
Also; capital repatriation (returning) to the US will be used to step up GDP growth. ‘EVERY OBJECTIVE ORGANIZATION’ is analyzing the tax proposal as a stand alone action. Sad.
Addendum to ‘full employment’ claim above.
The U3 number excludes those who gave up looking for work, but who are willing to return to the workforce after Trump creates high wage, skilled labor jobs through EOs and Congressional legislation. In other words, Trump will MAGA by creating jobs and lowering the U6 number to record low levels.
MU6LTEB = Make U6 Lower Than Ever Before!
Some say that employers are having trouble filling their positions. Think the 95 million drawing their benefits should start looking for work again instead of sitting on their couch watching their flat screens.