Tuesday, April 25, 2017

Trump relies on magic wand of growth to pay for tax cut

Image result for trump and his growth to pay for tax cut
100 days in the office and no success on the Obamacare repeal that he promised, Trump seems eager to turn hes attention to Tax Cuts. On twitter this weekend, he has posted,"Big TAX REFORM AND TAX REDUCTION will be announced next Wednesday." with that being said big tax cuts can create a shortage unless measures are taken to counterbalance the revenue loss. Treasury Secretary Steven Mnuchin said,"The tax plan will pay for itself with economic growth," therefor Trumps administration will disagree about how much growth will result and how much of the plan's revenue will be offset. 

 Will his magic wand succeed ?

 What if his growth to pay tax cut fails ?
Who do you think will benefit from tax report ?
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16 comments:

  1. AnonymousApril 25, 2017 at 11:44 AM

    I think that this plan could prompt economic growth but it still has a chance to not work

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  2. AnonymousApril 25, 2017 at 3:58 PM

    It can go either way. If it goes wrong though, I'm sure he'll lose a lot of support.

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  3. AnonymousApril 25, 2017 at 8:37 PM

    There is always a slim chance that it could or could not work but only time and news will tell. If his growth to pay tax cut fails then we will have even more serious problem on our hands.

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  4. AnonymousApril 26, 2017 at 8:17 AM

    I don't think that economic growth is a direct fix for tax cuts, there needs to be some sort of lowering in government spending as well I feel.

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  5. AnonymousApril 26, 2017 at 9:49 AM

    I do not believe that the government will be able to even pass this bill and may unable to actually help the people.

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  6. AnonymousApril 26, 2017 at 9:50 AM

    I think it could go either way. No matter what happens, there will be people who hate what he does.

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  7. AnonymousApril 26, 2017 at 5:44 PM

    I believe with Trump, so far, he's made things seem very possible. With that, I do believe he will be very likely for his magic wand to work.

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  8. AnonymousApril 26, 2017 at 7:30 PM

    I think that people are already losing faith in Trump if not already. He has failed to follow through with most of his promises such as the building of the wall and the reform of Obamacare. This is his final straw and if he can't follow through on it then he's lost the support of the people.

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  9. AnonymousApril 28, 2017 at 8:31 AM

    It could go either way, but it would be bad for Trump if it did not succeed.

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  10. AnonymousApril 28, 2017 at 10:24 AM

    It can go both ways but if Trump fails, things will go against him.

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  11. AnonymousApril 29, 2017 at 10:49 AM

    I think it is possible that it will go through due to the Majority of congress are republicans and that they would want to support their party president.

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  12. AnonymousApril 30, 2017 at 1:18 PM

    It is unsure if his magic wand will succeed. If his growth to pay tax cuts fails, things do not look good for the future for Trump or others.

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  13. AnonymousMay 1, 2017 at 8:31 PM

    Tax cuts will most likely benefit the rich more and hurt the lower class because the government will have less money to help the lower class relieve economically.

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  14. AnonymousMay 1, 2017 at 9:03 PM

    I think that his magic wand will not succeed with the loss of revenue that the nation will attain for through some other means that will probably put us further into debt.

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  15. AnonymousMay 1, 2017 at 9:26 PM

    I agree with Victor that his tax plan plays more in favor to the rich and top 1% of people than it does to the middle and lower class who need the help more than the rich do.

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  16. AnonymousMay 10, 2017 at 11:01 AM

    Mateo has a good point. Money not gonna show up outta no where. Thus is gonna end in a bad results.

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