Comments by "whyamimrpink78" (@whyamimrpink78) on "Trump Aims To Cut Taxes For Giant Mulitnational Corporations" video.

  1. Under Reagan our economy boomed.
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  2. Ndea Monk, in a growing economy you have periods of recessions. How we recover from those recessions is key. Despite how bad Bush was we had recessions under him with quick recovery. We just saw one at the end of his term and Obama and the democrats hindered recovery with Keynesian economics. But as a whole we were booming from Reagan than through Bush than through Clinton and than through Bush again. Obama hindered recovery. And to show that recessions are not bad, Ethiopia has seen only 2 recessions since 1998. The US has faced 6. Is Ethiopia the economic model you want to follow?
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  3. Ndea Monk, we had an economic boom for over 20 years from Reagan on. Why do you blame him? We have are on our 5th president since him.
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  4. What this is doing is lowering the tax rate and removing loopholes, so those that do pay a low rate will pay a little more while smaller corporations pay less. Trump said in his campaign that the tax code favors the rich thanks to politicians like Clinton. People criticized Trump for using loopholes when all he did was use the law as written. You can't blame him for that as that is what his investors want. Now he is lowering the tax rate and reducing the loopholes which will mean more investment and more revenue as a whole. The tax rate is only one piece of the puzzle.
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  5. u hatemyzen, prior to 1913 the only federal tax used to be a tax on the states. Prior to FDR teh federal government had very limited power. How about you go back to those times as opposed to Reagan.
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  6. Jrsydvl2003, Obama wanted to raise taxes though. He wanted to end the loopholes but raise taxes. This is simplifying the tax code and reducing taxes which will mean some companies will end up paying when they are not paying now. As of now the tax code does favor the rich and Trump said that in his campaign. He wants to stop that.
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  7. A couple things 1. you have state corporate taxes. 2. Many on the left complain about corporations paying zero, but this will get them to pay some as loopholes are removed. You lower the tax rate, simplify the code removing loopholes and there you go
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  8. 1. I know the vary by states. But you have to include them. 2. Loopholes exist because we have the highest corporate tax rate in the world. Loopholes favor the rich or the intelligent when it comes to taxes. I know many college students who do not know they can write off textbooks. We need to simplify the tax code. Also, you can't criticize Trump for using loopholes as that is how businesses should work. If he did not use them he could get sued by investors. In reality those on the right want simplified taxes and lowered taxes. Close the loopholes will do that. It is the democrats that create the loopholes.
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  9. "Trickle down economics" is not an actual economic term you economic illiterates.
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  10. We have a spending problem.
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