>
https://www.thebalance.com/national-debt-under-obama-3306293
>
>I thought you wanted to have.
>Rational discussion. Besides, Who said
>I agree with any of
>it? I could point out
>where you're wrong but I
>have work to do.
Very interested in a rational discussion. I appreciate your link. I just gave you two reasons I dont trust the opinion of the person that wrote it. I do partially agree with you about Trump...here ya go:
a. agreed that he overpromised on debt repayment
b. agreed that he should have done something about the absurd huge budget he approved
c. agreed that he will add debt.
dont agree:
1. The article says tax reduction has not helped. I disagree. The tax rate for most Americans wont help till April...and the effects of that...adding more meat to their pockets...will take a year or so to take effect.
2. with the amazing deregulation happening on the federal level....i have posted about this earlier...reducing regulations to 1965 levels....it will take years...maybe decades for oil and gas or manufacturing to build factories..drill for oil...etc...the effect of deregulation will take time to impact the economy.
3. Tax rates cant have immediate effect unless you just issue checks like Bush did....and that was not logical. So, we need to wait and see.
4. The article claims 90% tax rates would help solve many issues. Really? What is the effect
Here are some thoughts on the tax rate and the reason the article you linked to is worse than socialism....litterally.....see Venezuela tax rate below and see that 90% is worse...:
23.03% is the worldwide corporate tax rate
21% is the US tax rate....good...we are lower than other counties which stimulates business to come here!
35 to 387% is where the US was
18% is the average rate in Europe....still lower than the US!
""In 1980, corporate tax rates around the world averaged 46.63 percent and 38.84 percent when weighted by GDP. Since then countries have recognized the impact that corporate taxes have on business investment decisions so that in 2018, the average is now 23.03 percent and 26.47 when weighted by GDP for 208 separate tax jurisdictions.[1]""
34% Venezuela
anyway....go on and read the article. I agree with the fact that the national debt is a problem.
However
1. your democrat president WAS THE WORST IN HISTORY AT SOLVING THE DEBT!!!! HE SPENT AS MUCH AS GEORGE WASHINGTON TO GEORGE BUSH!! THAT IS INSANE...took the debt from about 10T to about 20T in JUST 8 YEARS!
2. Trump is the best bet! Hillary wasnt going to do it...if she would have promised ONLY THAT...to pay down the debt....I ...YES ME....I WOULD HAVE VOTED FOR HER! Litterally no one else is offering to pay down the debt!
3. Would you complain about him anyway...even if he did make progress on the debt? Likely huh?
https://taxfoundation.org/corporate-tax-rates-around-world-2018/