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OFFICIAL Donald Trump Inauguration Game Day Thread
Comments
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Yeah, but still. Reduce federal spending and cede power to the individual states.Southerndawg said:
True, except reducing tax rates generally increases tax revenues. Even Obama understood this. His rationale for raising taxes was based on SJW equity bullshit.PurpleJ said:Reducing government revenues is a great way to encourage reduction of government expenses.
"GIBSON: All right. You have, however, said you would favor an increase in the capital gains tax. As a matter of fact, you said on CNBC, and I quote, “I certainly would not go above what existed under Bill Clinton,” which was 28 percent. It’s now 15 percent. That’s almost a doubling, if you went to 28 percent.
But actually, Bill Clinton, in 1997, signed legislation that dropped the capital gains tax to 20 percent.
OBAMA: Right.
GIBSON: And George Bush has taken it down to 15 percent.
OBAMA: Right.
GIBSON: And in each instance, when the rate dropped, revenues from the tax increased; the government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down.
So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?
OBAMA: Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness. "
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Totally agree.PurpleJ said:
Yeah, but still. Reduce federal spending and cede power to the individual states.Southerndawg said:
True, except reducing tax rates generally increases tax revenues. Even Obama understood this. His rationale for raising taxes was based on SJW equity bullshit.PurpleJ said:Reducing government revenues is a great way to encourage reduction of government expenses.
"GIBSON: All right. You have, however, said you would favor an increase in the capital gains tax. As a matter of fact, you said on CNBC, and I quote, “I certainly would not go above what existed under Bill Clinton,” which was 28 percent. It’s now 15 percent. That’s almost a doubling, if you went to 28 percent.
But actually, Bill Clinton, in 1997, signed legislation that dropped the capital gains tax to 20 percent.
OBAMA: Right.
GIBSON: And George Bush has taken it down to 15 percent.
OBAMA: Right.
GIBSON: And in each instance, when the rate dropped, revenues from the tax increased; the government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down.
So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?
OBAMA: Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness. " -
Of course, then you get the inverse at the state and local levels. Taxes in Seattle and King County are getting ridiculous, especially thanks to low interest rates and cheap borrowing that inflates the cost of housing.Southerndawg said:
Totally agree.PurpleJ said:
Yeah, but still. Reduce federal spending and cede power to the individual states.Southerndawg said:
True, except reducing tax rates generally increases tax revenues. Even Obama understood this. His rationale for raising taxes was based on SJW equity bullshit.PurpleJ said:Reducing government revenues is a great way to encourage reduction of government expenses.
"GIBSON: All right. You have, however, said you would favor an increase in the capital gains tax. As a matter of fact, you said on CNBC, and I quote, “I certainly would not go above what existed under Bill Clinton,” which was 28 percent. It’s now 15 percent. That’s almost a doubling, if you went to 28 percent.
But actually, Bill Clinton, in 1997, signed legislation that dropped the capital gains tax to 20 percent.
OBAMA: Right.
GIBSON: And George Bush has taken it down to 15 percent.
OBAMA: Right.
GIBSON: And in each instance, when the rate dropped, revenues from the tax increased; the government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down.
So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?
OBAMA: Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness. " -
Well, linking two unrelated problems with unrelated causes is considerably dumb. I'll give you that.2001400ex said:
I guess I'm the stupid one who believes when you cut taxes it reduces government revenues and pollution is harmful to the environmentSoutherndawg said:
Ironic2001400ex said:
You are so far out there, no one here gets pissed at what you post. We just shake our head in awe of the stupidity.Sledog said:
Yeah and I do it to piss snowflakes off.BennyBeaver said:
I don't want to see your shit memes. I'm just looking out for the mouthbreathers around here that might want to see them.Sledog said:
Flagged because you can't manage a left mouse click.BennyBeaver said:
Do you know you are the only poster on HH that can't figure out how to post an image that people can see?
Special, you are.
HTH -
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People voting that way at the local level get the government they want and deserve without damaging the more rational among us who choose not to live there.TurdBuffer said:
Of course, then you get the inverse at the state and local levels. Taxes in Seattle and King County are getting ridiculous, especially thanks to low interest rates and cheap borrowing that inflates the cost of housing.Southerndawg said:
Totally agree.PurpleJ said:
Yeah, but still. Reduce federal spending and cede power to the individual states.Southerndawg said:
True, except reducing tax rates generally increases tax revenues. Even Obama understood this. His rationale for raising taxes was based on SJW equity bullshit.PurpleJ said:Reducing government revenues is a great way to encourage reduction of government expenses.
"GIBSON: All right. You have, however, said you would favor an increase in the capital gains tax. As a matter of fact, you said on CNBC, and I quote, “I certainly would not go above what existed under Bill Clinton,” which was 28 percent. It’s now 15 percent. That’s almost a doubling, if you went to 28 percent.
But actually, Bill Clinton, in 1997, signed legislation that dropped the capital gains tax to 20 percent.
OBAMA: Right.
GIBSON: And George Bush has taken it down to 15 percent.
OBAMA: Right.
GIBSON: And in each instance, when the rate dropped, revenues from the tax increased; the government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down.
So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?
OBAMA: Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness. " -
Yeah like building a wall along the Mexican border.PurpleJ said:Reducing government revenues is a great way to encourage reduction of government expenses.
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We don't have to build a wall.UWhuskytskeet said:
Yeah like building a wall along the Mexican border.PurpleJ said:Reducing government revenues is a great way to encourage reduction of government expenses.
Drones with machine guns and missiles would work just fine. -
Too much logic, too cost effective, plus it takes advantage of current technology. Dumb, Dumb, Dumb.Sledog said:
We don't have to build a wall.UWhuskytskeet said:
Yeah like building a wall along the Mexican border.PurpleJ said:Reducing government revenues is a great way to encourage reduction of government expenses.
Drones with machine guns and missiles would work just fine.
China built a wall 5,000 years ago. Better idea. Like trump said, no Mexicans in China.
Though, building a wall could create jobs but who wants jobs from the public sector? Fuck that! You know it would take 10 years to build with 5 guys standing around watching another guy dig dirt.
OR get a 3-d printer to build the wall. If you really really want a wall.
