Post Reply Trump's and Bernie's tax plans
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Posted 10/27/17 , edited 10/27/17
Comparing Trump's and Bernie's tax plans.. a fair non bios look at both plans.

https://www.youtube.com/watch?v=VV3GvsYpdBE


from what you see from both plans what looks like the best plan and why? (explain.)
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Posted 10/27/17 , edited 10/28/17
Wow, an old Youtube video by someone with 300 subscribers talking about an outdated version of Trump's plan and comparing to a plan for a candidate that didn't even make it out of the primaries.

This is so worth my time!
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Posted 10/27/17 , edited 10/28/17

sundin13 wrote:

Wow, an old Youtube video by someone with 300 subscribers talking about an outdated version of Trump's plan and comparing to a plan for a candidate that didn't even make it out of the primaries.

This is so worth my time!


'So subscriber count means that they are more reliable? In that case how many subscribers do you have on youtube being that's how you judge things.

and they are being compared because most of the young liberals support Bernie's plan. even if they don't know what it is most of the time.



https://www.youtube.com/watch?v=Ctz_dHfYfb8
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Posted 10/27/17 , edited 10/27/17

Darkphoenix3450 wrote:

'So subscriber count means that they are more reliable? In that case troll how many subscribers do you have on youtube being that's how you judge things.

and they are being compared because most of the young liberals support Bernie's plan. even if they don't know what it is most of the time.



No, generally I'd stay the fuck away from a Youtube channel when it comes to gat damn Tax analysis. Why you turned to some guy whose qualifications include: "Is presumably a human" and "Has strong opinions about male fashion" (https://www.youtube.com/watch?v=PB6ltI6_Vqk) is beyond me.

Maybe try the Tax Policy Center or the CBO?

Here is something that was just released today from the Tax Policy Center:

"A new Tax Policy Center “dynamic analysis” of the Big Six’s “Unified Framework” tax plan finds it would fail to achieve President Trump’s promise of a significant, permanent boost in economic growth. As a result, the outline would reduce federal tax revenue by roughly $2.4 trillion over the next decade"

"Like the recent tax proposals before it, including Donald Trump’s various campaign plans and the House GOP’s 2016 tax blueprint, the September Framework would do little or nothing to boost the economy over the medium or long-term. Thus, it would reduce federal revenues by trillions of dollars. In each case, the benefits of ambitious tax rate cuts are reversed by their sponsor’s unwillingness to pay for their largess. "

http://www.taxpolicycenter.org/taxvox/big-six-tax-outline-would-lose-24-trillion-over-10-years-according-tpcs-new-dynamic-score
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Posted 10/27/17 , edited 10/28/17

sundin13 wrote:


Darkphoenix3450 wrote:

'So subscriber count means that they are more reliable? In that case troll how many subscribers do you have on youtube being that's how you judge things.

and they are being compared because most of the young liberals support Bernie's plan. even if they don't know what it is most of the time.



No, generally I'd stay the fuck away from a Youtube channel when it comes to gat damn Tax analysis. Why you turned to some guy whose qualifications include: "Is presumably a human" and "Has strong opinions about male fashion" (https://www.youtube.com/watch?v=PB6ltI6_Vqk) is beyond me.

Maybe try the Tax Policy Center or the CBO?

Here is something that was just released today from the Tax Policy Center:

"A new Tax Policy Center “dynamic analysis” of the Big Six’s “Unified Framework” tax plan finds it would fail to achieve President Trump’s promise of a significant, permanent boost in economic growth. As a result, the outline would reduce federal tax revenue by roughly $2.4 trillion over the next decade"

"Like the recent tax proposals before it, including Donald Trump’s various campaign plans and the House GOP’s 2016 tax blueprint, the September Framework would do little or nothing to boost the economy over the medium or long-term. Thus, it would reduce federal revenues by trillions of dollars. In each case, the benefits of ambitious tax rate cuts are reversed by their sponsor’s unwillingness to pay for their largess. "

http://www.taxpolicycenter.org/taxvox/big-six-tax-outline-would-lose-24-trillion-over-10-years-according-tpcs-new-dynamic-score


I agree with the Tax analyst on the fact this would reduce the money the government gets. But I don't see how that is a bad thing? By cutting programs that do not aid America, and shrink the overall government power over the country was one of trumps promises and just happen his tax wile aiding the poor also does just that shrinks the government a win win. 2 birds one stone.. if you looked deeper into the programs Trump is looking to do small businesses also get a large tax brake. ALso if you looked up his tax plans he also targeted the rich removing the loopholes that allowed them to escape paying their share. (and you know he knows all about those loopholes.)
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Posted 10/27/17 , edited 10/28/17

Darkphoenix3450 wrote:


sundin13 wrote:

Wow, an old Youtube video by someone with 300 subscribers talking about an outdated version of Trump's plan and comparing to a plan for a candidate that didn't even make it out of the primaries.

This is so worth my time!


'So subscriber count means that they are more reliable? In that case how many subscribers do you have on youtube being that's how you judge things.

and they are being compared because most of the young liberals support Bernie's plan. even if they don't know what it is most of the time.



https://www.youtube.com/watch?v=Ctz_dHfYfb8


The problem with theses videos is they intentionally cherry pick certain things from both tax plans in order to make liberals,and conservatives look dumb.
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Posted 10/27/17 , edited 10/28/17

Darkphoenix3450 wrote:


sundin13 wrote:
No, generally I'd stay the fuck away from a Youtube channel when it comes to gat damn Tax analysis. Why you turned to some guy whose qualifications include: "Is presumably a human" and "Has strong opinions about male fashion" (https://www.youtube.com/watch?v=PB6ltI6_Vqk) is beyond me.

Maybe try the Tax Policy Center or the CBO?

Here is something that was just released today from the Tax Policy Center:

"A new Tax Policy Center “dynamic analysis” of the Big Six’s “Unified Framework” tax plan finds it would fail to achieve President Trump’s promise of a significant, permanent boost in economic growth. As a result, the outline would reduce federal tax revenue by roughly $2.4 trillion over the next decade"

"Like the recent tax proposals before it, including Donald Trump’s various campaign plans and the House GOP’s 2016 tax blueprint, the September Framework would do little or nothing to boost the economy over the medium or long-term. Thus, it would reduce federal revenues by trillions of dollars. In each case, the benefits of ambitious tax rate cuts are reversed by their sponsor’s unwillingness to pay for their largess. "

http://www.taxpolicycenter.org/taxvox/big-six-tax-outline-would-lose-24-trillion-over-10-years-according-tpcs-new-dynamic-score


I agree with the Tax analyst on the fact this would reduce the money the government gets. But I don't see how that is a bad thing? By cutting programs that do not aid America, and shrink the overall government power over the country was one of trumps promises and just happen his tax wile aiding the poor also does just that shrinks the government a win win. 2 birds one stone.. if you looked deeper into the programs Trump is looking to do small businesses also get a large tax brake. ALso if you looked up his tax plans he also targeted the rich removing the loopholes that allowed them to escape paying their share. (and you know he knows all about those loopholes.)


Well you see, if revenue goes down and outlays go up or stay the same, debt goes up (at an even faster rate than before).

You say, "Well, they will shrink government to pay for it". Well, no. The new Trump approved budget is actually going to increase outlays, not decrease them.

Also, let me address a few things point by point:
-By cutting programs that do not aid America: Such as Medicare and Food stamps? I think a lot of people would disagree that those don't help.
-Aiding the poor: Not sure where this idea comes from. Again, I think a lot of people would disagree that significantly decreasing funding to welfare programs and giving the poor a dollar or two in tax cuts is "helping".
-Small businesses also get a large tax break: Not really. While Trump's policy brags about lowering the maximum tax rate for small businesses, almost 90% of small businesses already pay under that limit, so while he talks a big game, very few will actually see benefit from this.
-He's targeting the rich by removing loopholes: If you get rid of loopholes but decrease their taxes enough that they are paying less than before, can you really call that 'targeting the rich'? Overall, the top one percent gets almost a 10% increase in after tax income while the lower classes get closer to a 0.2% increase. The rich are not going to be hurting. If you think that the rich aren't paying their fair share now, you are going to hate Trump's tax plan.
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