tag:blogger.com,1999:blog-7734614252588310073.post6921729022331696636..comments2024-03-18T00:16:57.430-07:00Comments on One Headline A Day: Will The Tax Plan Generate Economic Growth?Mike McGowanhttp://www.blogger.com/profile/13012206246274246639noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7734614252588310073.post-50764136348712592582017-12-31T12:01:12.407-08:002017-12-31T12:01:12.407-08:00Yes, Mike count me among those that are in the &qu...Yes, Mike count me among those that are in the "this does not add up" camp.Mike McGowanhttps://www.blogger.com/profile/13012206246274246639noreply@blogger.comtag:blogger.com,1999:blog-7734614252588310073.post-2745608407171450902017-12-30T07:04:12.637-08:002017-12-30T07:04:12.637-08:00Given that most projections expect the tax bill to...Given that most projections expect the tax bill to add $1.4 to $1.6 trillion to the deficit, doesn't the statement in the article "Conservative Economists Say Corporate Tax Cuts Will Boost Economic Growth" that "Those projections assume that tax code changes don’t add to the deficit..." cast serious doubt on their own projections of 0.1 to 0.4% per year boost to GDP?Anonymoushttps://www.blogger.com/profile/00821168500092615310noreply@blogger.comtag:blogger.com,1999:blog-7734614252588310073.post-88222304705740921542017-12-21T17:03:14.270-08:002017-12-21T17:03:14.270-08:00==>little discussed is the estimate this plan c...==>little discussed is the estimate this plan could actually spur _foreign_, rather than domestic investment by US companies.<br /><br />Interesting note applemcg. I had not heard this before. I will need to research this further. As a PSA, here is a place one could start -- http://www.washingtonexaminer.com/foreign-investors-would-win-a-70-billion-tax-cut-with-republican-plan-report-finds/article/2638336Mike McGowanhttps://www.blogger.com/profile/13012206246274246639noreply@blogger.comtag:blogger.com,1999:blog-7734614252588310073.post-20856415020432061332017-12-20T14:21:42.754-08:002017-12-20T14:21:42.754-08:00Douglas Holtz-Eakin is a house flac. Always will...Douglas Holtz-Eakin is a house flac. Always willing to praise any tax cuts. Is not George P Shultz a former member of Bush I? pre-Volker rule days of the wild west economics.<br /><br />But, ignore my name-calling. Let's treat the tax cut like an investment, a hedge, a bet. And ask anyone willing to sign on for "it will pay for itself" to make a fiduciary pledge to that effect. Because, in effect, such persons _are_ selling you something, but it ain't "the full faith and credit of the US government". What they're selling you is a blank check, made out to them and their friends, which you, your children and theirs get to fill in.<br /><br />You can easily see thru any such promise in that it has no commitment whatsoever. <br /><br />If the the three theological virtues, usually listed in faith, hope, and charity order, the tax plan is only long on HOPE, that's about it. On FAITH, it's asking for your faith in a group of financial insiders who've bought and paid for the current Republican leadership and a president who is filling, rather then drain the swap. On CHARITY, not something one usually expects from the government, it is exactly the opposite, full of nothing but the opposite -- MALICE -- towards most American.<br /><br />in a p.s. sort-of-way, my omission of any facts in this rebuttal are a model of the tax-plan proponents failing to address any of the serious challenges from the opponents. For example, little discussed is the estimate this plan could actually spur _foreign_, rather than domestic investment by US companies.applemcghttps://www.blogger.com/profile/08938924828547801044noreply@blogger.com