Right -- by ignoring every organization, every constituent that cares about their communities. You won't even promote what this bill really does: facilitates additional wealth enhancement for Trust Fund citizens (not farmers) and resotre the AMT Loophole for greedy taxpayers.
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Despite huge tax cuts almost annually during the George W. Bush administration that cost the Treasury trillions in revenue, according to the Congressional Budget Office, growth collapsed in the first decade of the 2000s.
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Textbook tax theory says that lowering marginal tax rates while holding revenue constant raises growth. Cumulative revenue loss from the 1981 tax cut was $264 billion and tax increases brought about half of that back. Think about this- GOP tax reform shows a huge loss of revenue
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At some point GOP will have to face facts- 1986 tax reform- there is no evidence showing a boost in growth from the 1986 act. The economy remained on the same track, with huge stock market crashes 87’s “Black Monday, 89’s Fri the 13th mini-crash and a recession Real wages fell
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It won’t create more jobs nor increase wages. This is BS. The large corps that will benefit from this tax cuts have record profits in the last 30 years and all they did was buy back dividends and pay top executives more. This is was done before by Reagan and failed.
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Also, small businesses which are top employers btw, won’t benefit from the GOP tax bill. The top 1% wealthiest will receive tax cut they don’t need and poor and middle class will pay more. Those are facts. Some will see tax increase now and the rest by 2027.
End of conversation
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Davidson is rated as low in effectiveness. He has no credibility.
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HOW ABOUT YOU ALL JUST PROVIDE THE BOTTOM LINE DETAILS ON A WEB SITE WE CAN ACCESS ?????
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