Is This The Right Time For a Big Tax Cut?

[Dulcinea]

Republicans say the tax-cutting overhaul being debated in Congress will jump-start the U.S. economy, leading to a lot more investment and hiring by companies.

But some economists say the tax plans — which would sharply cut corporate and business taxes and eliminate numerous deductions for individuals — come at precisely the wrong time. Lower taxes could also be undercut by Federal Reserve policymakers, who are gradually raising interest rates, they say.

Tax cuts can be a good way to stimulate the economy when growth is slowing down, by encouraging businesses and people to keep spending when their finances are growing tighter.

But the economy is in the midst of its longest postwar recovery on record, with an annual growth rate of 3.3 percent last quarter. The unemployment rate is down to 4.1 percent.

Economists often argue that during periods of growth like this, governments should be paring down debt, giving them more fiscal breathing room during the next recession.

https://www.npr.org/2017/12/04/568392909/is-this-the-right-time-for-a-big-tax-cut

[BigmanPigman]

1. It is a Tax Scam and that is why WE MUST ACT NOW!

There is still time! But WE all must do it and get our family, friends, pets, whoever to act and act ASAP!
I was part of the Not One Penny nationwide phone call today and you are doing what Ben said we all need to do. The bill is not a win, it is a disaster and we can stop it. There are still a few weeks left and the three things we must do...
1. Attend protests, town halls, etc and make sure the media is there, no matter how big or small it is. The media has been absent due to the non stop distractions. There are many important issues but this is our BIGGEST PRIORITY for the next few weeks.
2. Keep up the CALLS. They started late but eventually their staffers were busy ...call, tell your family and friends in other states to call too. [phone]
https://www.trumptaxscam.org/
3. Social media is crucial. Retweet and share whatever you can. Send it to the media. Events, town halls, protests are occurring and over 100 are planned for this week alone. Bernie, Cory Booker, Indivisible, MoveOn have been going to Kentucky, Ohio and PA all weekend.

New info is already coming out. One new fact since the Fri vote is that there will be 1/2 trillion more dollars added to the deficit. 28% of Americans approve of the Tax Scam. This week Ryan will appoint Repub to his closed door "conference committee" and then we can target those reps. The house and senate have to "negotiate a compromise". What they voted on is different in each chamber. For now we know of 28 Rep congressmen who voted against one of the two bills/plans. We need to flip 23 of them. The Senate will need to be PRESSURED NON STOP...this means calling the 9 senators that were wavering. If we get Alabama we only need two more senators with Corker. This would be great. Also there is the threat of a govt shutdown by Fri., Dec. 8th.
We have been the catalysts of the grass roots efforts for a year and have stopped major legislation. We have a few more weeks until the holidays. After that we have to spread the word about what the GOP has done to the stability and future of our country with this tax cut for the rich and they are taking money from the sick and poor which will bankrupt millions and take over 13 million off of health care. Meanwhile tax cuts for multi million dollar corporations will not be trickling down at all and never will. The bill ensures that the country will be taxed more over the next 10 year (but not the corporations...you and me are paying).
Call [phone]

We must HAMMER them on this bill. Put the pressure on these greedy, cruel bastards and DO NOT STOP!

[doc03]

2. Technically we are at full employment. If the tax cut stimulates the economy

who is going to fill the jobs? Can't have any immigrants! So the companies will eliminate workers through automation or
export the jobs to another country.

[unblock]

3. it's always the right time to loot the treasury!

the only time republicans care about economic theory is when it justifies looting the treasury.

any theory that conflicts with looting the treasury is simply ignored.