Roy Moore
- Thread starter cernjSHU
- Start date
Funny thing is, it was the repudiation of Trump that led to Moore's primary victory.
Very true! I'm just glad that Ahole Bannon got a big L next to his name on this one. He can't walk off a short pier fast enough. I just wish he had some dirt on the Clintons then he'd be history - I kid... kind of...
It really will come down to how the economy is doing during the mid-terms...if the tax bill provides some short term lift and unemployment continues to decline, I don't see a major shift unless there is a wave of sexual harassment resignations.
I'm not complaining, but I am looking long term and I do not think this tax bill is good economic policy.
How do you know? This may provide more jobs especially to those at the bottom who are willing to work hard. If it doesn't then it will be changed.
It's worth a shot but I won't get anything from it- and in fact might lose a few bucks.
I'll rephrase - My opinion is that this is bad economic policy.
That is based on my study of economics, as well as empirical evidence that trickle down doesn't work.
Just because corporations pay less taxes doesn't mean they invest.
Corporations invest when there is a demand for investment. Cutting their tax bills does not create demand.
It's not "worth a shot" because you have to get this right. You can't cut corporate taxes and then look again next year and say, you were wrong and need to increase their taxes.
I don't think characterize the entirety of this bill as trickle down is not accurate.
There are a lot of moving parts to this. Repatriation of profits is one of them The degree to which that happens is anyone's guess, but economics tells us it will happen at some level.
I agree that lower taxes does not necessarily equate to more direct investment for every corporation. However, the money does not disappear. At a minimum, the money will be invested indirectly in other companies through the corps' treasury investments.
There are a lot of moving parts to this. Repatriation of profits is one of them The degree to which that happens is anyone's guess, but economics tells us it will happen at some level.
I agree that lower taxes does not necessarily equate to more direct investment for every corporation. However, the money does not disappear. At a minimum, the money will be invested indirectly in other companies through the corps' treasury investments.
Had breakfast with a Congressman today and his take was that they have the votes, but there's a few wild cards. Apparently, McCain is not doing well and there is concern he may not make it for the vote. Next up will be DACA (in the New Year) along with immigration reform...going to move away from using the "Wall" to Operational Control and Enhancements. (but, he said we can't control what Trump tweets....). With regards to the sexual harassment allegations, let's just say that of the characters that have been in the public (Conyers, Franks, Franken, Farrenhold)...they are all even worse than being portrayed in the press. Majority of Congressional Republicans are happy that Moore did not win. "He is a really bad guy"...was the quote. I left with the feeling that we shouldn't be too excited about Washington changing by themselves anytime soon and no prospects for a third party, but what he termed a "strong, independent realignment" is in the winds.
