Poll: Economists Unanimous That Debt Would Balloon Under GOP Tax Plan - Polidicks

[quote] Republicans have been selling their tax overhaul plan as a major booster for the U.S. economy. In fact, they have argued that it would grow the economy so much that cuts would largely pay for themselves. But on both counts, top economists are doubtful. In [URL="http://www.igmchicago.org/surveys/tax-reform-2"]a new poll[/URL] from the University of Chicago's Booth School of Business, 38 economists from schools including Yale, MIT and the University of California-Berkeley weighed in on contentious points about the GOP tax plans.[/quote] [URL]https://www.npr.org/2017/11/23/566034204/poll-economists-unanimous-that-debt-would-balloon-under-gop-tax-plan[/URL] edit: [url]http://www.igmchicago.org/surveys/tax-reform-2[/url] - here's the original poll, if you want to skip straight to it. some of the economists opted to fill in comments. ready to feel the ＦＩＳＣＡＬ　ＣＯＮＳＥＲＶＡＴＩＳＭ　ＭＹ　ＤＵＤＥＳ？

hopefully their healthcare plan will allow a better insurance plan spending opportunities so that at birth people can pay off a new and well thought out 2000% interest birth-debt over their lifetime

implying U.S economists are non partisan and already don’t lean a certain way

[QUOTE=Trebgarta;52922890]Is there anything good nowadays in America with the Conservative label on it? I suppose the [B]gun rights[/B] and [B]corporate tax reductions.[/B][/QUOTE] Eh. Their screeching prevents reasonable talk of reducing gun violence from happening. And we do need tax revenue, it's just that corporate tax isn't a very efficient/good way to tax the wealthy. [QUOTE=TimTimTommy;52922908]implying U.S economists are non partisan and already don’t lean a certain way[/QUOTE] They're largely agreeing with what the congressional budget put out, and their purpose is to explicitly be non-partisan. You know, congress proposes something, CBO estimates results. Most economists I've seen hate the republican and democratic parties quite a bit.

Why not post the best response in the poll [img]https://i.imgur.com/wmLggEL.png[/img] What a god

[QUOTE=TimTimTommy;52922908]implying U.S economists are non partisan and already don’t lean a certain way[/QUOTE] Yeah I always forget that all economists are working for the litard cuck shadow master globalists. :alien:

[QUOTE=ForgottenKane;52922915]Why not post the best response in the poll [img]https://i.imgur.com/wmLggEL.png[/img] What a god[/QUOTE] [thumb]https://i.imgur.com/OqdpCoA.png[/thumb] being a tenured economist entitles you to shitposting. Truly, the most free individuals of our society.

[QUOTE=ForgottenKane;52922915]Why not post the best response in the poll [img]https://i.imgur.com/wmLggEL.png[/img] What a god[/QUOTE] weird the guy who served on Obama’s cabinet is against a conservative tax plan

[QUOTE=Trebgarta;52922938]Well, it was a stretch. A lot of gun law proposals are inane (while most conservatives are screeching as you mention) and some reduction in corporate tax might have some benefits, as the country's current rate is among highest in the world (while conservatives might be after it for the wrong reasons, in the wrong ways). It is hard to come up with something, isn't it?[/QUOTE] Tho, the effective rate is pretty complicated, and while it's still very high amongst the OECD, it's not as bad as 35%. Because politicians have, over time, jammed a fuckton of deductions and whatnot in to ease the burden. When really you should just set a good rate in the first place rather than making achieving lower-rates complicated and requiring companies to hire large teams to figure it out. [QUOTE=TimTimTommy;52922936]weird the guy who served on Obama’s cabinet is against a conservative tax plan[/QUOTE] Are you saying Obama shouldn't have extended the bush tax cuts during a recession and very anemic recovery? Obama also lost control of congress very early, so he kind of had to work with the republicans, even when times became better. The economy is strong right now, taxes should go up. Or, at the very least, Republicans should put their money where their mouth is and slash spending too so that the next guy isn't left with even more massive debt and little maneuvering room when it comes to discretionary fiscal policy.

[QUOTE=thelurker1234;52922946]Tho, the effective rate is pretty complicated, and while it's still very high amongst the OECD, it's not as bad as 35%. Because politicians have, over time, jammed a fuckton of deductions and whatnot in to ease the burden. When really you should just set a good rate in the first place rather than making achieving lower-rates complicated and requiring companies to hire large teams to figure it out. Are you saying Obama shouldn't have extended the bush tax cuts during a recession and very anemic recovery? Obama also lost control of congress very early, so he kind of had to work with the republicans, even when times became better. The economy is strong right now, taxes should go up. Or, at the very least, Republicans should put their money where their mouth is and slash spending too so that the next guy isn't left with even more massive debt and little maneuvering room when it comes to discretionary fiscal policy.[/QUOTE] im talking about economist partisan bias not the tax plans under obama??? the dude served on the Obama cabinet after the recession and he’s a registered Democrat and is the economy really super strong at less than 3% GDP growth

[QUOTE=TimTimTommy;52922976]im talking about economist partisan bias not the tax plans under obama??? the dude served on the Obama cabinet after the recession and he’s a registered Democrat and is the economy really super strong at less than 3% GDP growth[/QUOTE] 3% would be a miracle for the US. When we compare to like-to-like, aka, US to other OECD countries, especially with what forecasts say we're going to have, the US is doing pretty good. And I mean what bias that's relevant here? These are mostly positivist descriptions, based on evidence and calculations. Saying it's going to grow the debt a lot is subject to bias if they're fudging numbers, which it's unlikely for the CBO to be doing.

[QUOTE=TimTimTommy;52922976]im talking about economist partisan bias not the tax plans under obama??? the dude served on the Obama cabinet after the recession and he’s a registered Democrat and is the economy really super strong at less than 3% GDP growth[/QUOTE] iirc 2% growth is considered as strong. [editline]26th November 2017[/editline] But then again, that's on average. It tends to fluctuate +-1% to +-2% around 2%.

[video]https://youtu.be/c-7KoKOUENs[/video]

[QUOTE=Trebgarta;52922890]Is there anything good nowadays in America with the Conservative label on it? I suppose the gun rights and corporate tax reductions.[/QUOTE] How are either of those things good?

[QUOTE=thelurker1234;52922918] being a tenured economist entitles you to shitposting. Truly, the most free individuals of our society.[/QUOTE] this pic makes me want to become an economist.

This party has become fucking pathetic. The only things I looked forward to in this administration were diffusing tensions with Russia, pulling out of the middle east, health care reform and tax/spending cuts. So far: Tensions with Russia are higher than ever, the US is still making a mess out of the middle east, the ACA repeal proposals only managed to repeal the good parts of the act, my taxes are going up under the "tax cut", and now we'll be in more debt. Somehow, with a republican majority in [i]everything[/i], they still can't enact a proper republican agenda. Who the fuck votes for these people?

[QUOTE=halofreak472;52923553]This party has become fucking pathetic. The only things I looked forward to in this administration were diffusing tensions with Russia, pulling out of the middle east, health care reform and tax/spending cuts. So far: Tensions with Russia are higher than ever, the US is still making a mess out of the middle east, the ACA repeal proposals only managed to repeal the good parts of the act, my taxes are going up under the "tax cut", and now we'll be in more debt.[/QUOTE] Russia: It's almost like the powers at be in Russia have no interest in being friendly with America and that the failure of Obama's Russian Reset wasn't unilateral. Taxes: For real. The list of positive things under Trump for me included, on a very small list, paying less taxes. Turns out I will owe a whole $60 less :goodjob: [QUOTE=halofreak472;52923553]Somehow, with a republican majority in [I]everything[/I], they still can't enact a proper republican agenda. Who the fuck votes for these people?[/QUOTE] The Republican agenda for 8 years was to obstruct. Their entire establishment strategy was based on vilifying the Democratic president in charge. This is how they gained influence at the state level and raised money. They, like most Americans, thought Clinton would win the election and they could just go back to business as usual. Instead their guy won but they can't do anything with it because they don't have a unified vision across either house of congress or the White House.