What has happened to the Democrats in this country?

[Alpha One Seven]

They used to understand how taxes work.


A tax cut means higher family income and higher business profits and a balanced federal budget....As the national income grows, the federal government will ultimately end up with more revenues. Prosperity is the real way to balance our budget. By lowering tax rates, by increasing jobs and income, we can expand tax revenues and finally bring our budget into balance.

John F. Kennedy

 

[sandorski]

Cool story bro.

 

[dave_the_nerd]

https://www.npr.org/2013/11/12/244772593/jfks-lasting-economic-legacy-lower-tax-rates

That boom came after Kennedy got Congress to try to stimulate the economy by passing a "liberal" agenda that included:

• Increasing the minimum wage.
• Expanding unemployment benefits.
• Boosting Social Security benefits to encourage workers to retire earlier.
• Spending more for highway construction.

But Kennedy also did something that conservatives have been praising ever since: He pushed for much lower tax rates.

You can have lower taxes if you do the first four.

 

[BoomerD]

They're usually smart enough to post shit like this in P&N rather than OT...not always...but usually.

 

[Capt Caveman]

Smart enough to know to post in the right forum, moron.

 

[IronWing]

Russian troll gonna troll.

 

[HomerJS]

They used to understand how taxes work.


A tax cut means higher family income and higher business profits and a balanced federal budget....As the national income grows, the federal government will ultimately end up with more revenues. Prosperity is the real way to balance our budget. By lowering tax rates, by increasing jobs and income, we can expand tax revenues and finally bring our budget into balance.

John F. Kennedy

Cool story bro for when the top marginal rate was >90%

 

[Meghan54]

Cool story bro for when the top marginal rate was >90%

Even cooler when the bottom rate was decreased from 20% to 14%.

 

[Engineer]

Everyone knows that as tax rates approaches zero, revenue approaches infinity......signed, the "Laugher Curve".

This is the new GOP motto......

 

[Paratus]

Everyone knows that as tax rates approaches zero, revenue approaches infinity......signed, the "Laugher Curve".

This is the new GOP motto......

 

[brycejones]

They used to understand how taxes work.


A tax cut means higher family income and higher business profits and a balanced federal budget....As the national income grows, the federal government will ultimately end up with more revenues. Prosperity is the real way to balance our budget. By lowering tax rates, by increasing jobs and income, we can expand tax revenues and finally bring our budget into balance.

John F. Kennedy

There are Democrats in Russia? Who knew

 

[zinfamous]

Yep, that looks like a thread backfire.

 

[sdifox]

 

[repoman0]

Looks like another late night drunken shit post from one of our resident know nothings.

 

[MooseNSquirrel]

SnowTrumpians are the bestest!

 

[hal2kilo]

Lol. Really, if it was not photo shopped.

 

[IronWing]

Lol. Really, if it was not photo shopped.

Who would photoshop a 32AA? That's like stealing a Yugo.

 

[Jhhnn]

You rotten bastid. I love that in ways that I shouldn't. Had to bookmark it for future use.

 

[Fanatical Meat]

Clickitty click

 

[brycejones]

Who would photoshop a 32AA? That's like stealing a Yugo.

You owe me a keyboard

 

[Ken g6]

I agree that a tax cut can be good if "it means higher family income". A good tax cut would do this by either lowering lower and middle-class taxes or by incentivising businesses to hire middle-class workers and pay them good wages. This would lead to increased consumer spending and improve the overall economy.

A bad tax cut lets businesses and the rich keep more of their money to themselves. They are then likely to invest it in things such as rental properties and financial companies, which tend to drain money from the lower and middle classes. This leads to decreased consumer spending and worsens the overall economy.

The Trump tax cut is a bit of a mixed bag, but the good part is scheduled to disappear, and the bad part isn't.

This also ignores the national debt, which was decreasing as a percentage of GDP in the '60s, but is much higher and increasing now.

 

[sdifox]

Lol. Really, if it was not photo shopped.

Internet meme never lies

 

[nOOky]

I used to think I was a Democrat, and other times I thought I was a Republican. Now I'm a Centrist, because I realize that anyone too far to the left or right is simply batshit crazy

 

[jpeyton]

Ask West Virginia teachers (or the entire state of Kansas) how Republican tax cuts have worked in their states.

 

[Fanatical Meat]

Ask West Virginia teachers (or the entire state of Kansas) how Republican tax cuts have worked in their states.

They just needed to cut spending a little more then everything would have been great

So
Much
Winning
!!!