Updated 1442 GMT April 15, 2019Monday is the first Tax Day under the new rules of the Tax Cuts and Jobs Act, but Americans have been adapting to the law since it passed in late 2017.
Some of its effects are already visible, and some of them will take months, or even years, to understand. After all, economists are still publishing studies about the effect of the last comprehensive tax overhaul back in 1986, signed by Ronald Reagan.Here's what we can — and can't — say about how President Donald Trump's tax cuts have impacted the economy so far. 1.
The same is true of the capped state and local tax deduction, which disproportionately hurt states with high tax burdens like New Jersey and California. So far, according to a report by Moody's Investor Service, there hasn't been any noticeable uptick in migration out of those states; many people move from one high-tax state to another. "Job opportunities and demographic trends influence migration more than tax rates," the report said.
He's a shill for the wealthy and a YUUUGE liar.
Must put Trump on mt Rushmore
Says the Basement Dweller
it's 'laffable' that Laffer says 'no inflation'! I see it EVERYWHERE! just one example: Kleenex, was 200 sheets, then 184, 160, NOW 144--and HIGHER PRICE!!! STEALTH INFLATION!! he's a LIAR as well!!!!!!
Massachusetts mid to lower getting hit all over on tax assessments . Glad rich trump amazon etc pay zero. Life is so fair making america great again.
On Smerconish when asked about the nat'l debt he said 'personal debt' averaging everyone's pers debt includes the ultra wealthy & never address nat'l debt. Trickle Down has been a proven failure and is nothing more than a Transfer Of Wealth From Average People To The Filthy Rich
Bull!
The anti-American left will always bad mouth tax cuts
For the 1% of the economy? What an appropriate name for a clown.
Man Fake news is getting apoplectic about Trump success for America! They really want America to fail so they will have more victim viewers, appears it has been dropping precipitously lately!!
From a corporate perspective.
That econ202 there when time 'our' people declares year4321 followthebouncingball PureMichigan QuickenLoans lithub detailED i,,sold i,,own i,,bought i,,possess chronicle civilrights confidence connections registry delusional theory practically office Intel markets
Ummm
Here’s the problem with tax cuts to the rich or trickledown economic theories: With the Rich & Corporations paying less taxes (Amazon), there is less money trickling down to the bottom feeders (the MC & poor).
What a JOKE!!
This fool is Lafferble. He can take his curve and shove it.
Stephen is full of shit and talks non sense . The deficit number speaks for itself.., if this deficit continues to go up at the current speed, no one will eventually have any social benefits.. dummy Stephen.. America will have to borrow money from Overseas.
Gaslighting... Again.
This tax bill has been good for the wealthy. As always the middle class got screwed. Why is this medal being passed out to trump supporters? This used to be an honor, not anymore.
And yet Trump haters will keep ignoring the actual numbers so they can keep believing he is destroying the economy... Here come the ya buts!
Is this the Laffer from the hilarious Reaganomics 'Laffer Curve' Nuts. My dear American friends you are completely nuts.
I wouldn’t even blow my nose into Arther Laffer’s famous napkin, but then again it’s already full of shit. It is an absolute disgrace that in 3 short years, Trump has rendered our nation’s highest civilian honor completely worthless through his selections.
Send me that book to start a bonfire!
It absolutely is good for the economy. Just won the stand off with Mexico which will further spur the economy and cut illegal immigration significantly if Mexico holds up to their end. He's doing a great job.
Who’s next? A presidential medal of freedom for Cory Lewandowski? How about Duterte?
How does penning a book praising a sitting president qualify for The Presidential Medal of Freedom? Maybe I'll write one (satire of course, but Trump wont figure that out)
The Laffer Curve was a big revolution in Economics that is rarely taught in college. Art Laffer deserves recognition.
Everything he says is probably true for “certain” economies.
Arthur Laffer is a discredited joke.
We are a country of idiots led by fools. We deserve our fate.
Then why has the DJIA become an absolute rollercoaster and unemployment decline continued at the same rate it did before Trump was elected...just a little slower.
There is that lady that saved a 1.50 a week on her check. So I guess you can count that as a win for the middle class.
“Congressional Research Service” means it’s politically-based.
fck off vlad you are an actor not a journalist replace jeff zucker with an American who is NOT compromised by global organized crime country over cnn ratings
Wasn’t good for me...I had to pay out 4,000 in taxes to pay for the 1% tax breaks.
Arthur Laffer should be on the gibbet with Trump, along with Grover Norquist. Literally nothing either of them has ever said has been true. Between them, they are the two most responsible parties for the US national debt.
Yeah whatever. My paycheck did not increase and my tax refund went down
lydiadepillis ,realDonaldTrump I have to tell you my brother that is a Democrat had dinner with me last night and said that he has to admit that President Trump's tax cut really helped him! I told him, President Trump is for the people! He says I'm beginning to see that! ☺
lydiadepillis So... in other words. Wages have increased and we should be upset because... checks notes... investment has increased even more? Lower level incomes have increased but we should be upset because... checks notes... higher incomes increased by even more?
lydiadepillis Interesting that historically wages mimicked business investment swings yet currently we are seeing a divergence of the two.
lydiadepillis
lydiadepillis Lowest unemployment rate in history. You can eat that.
lydiadepillis People are working. Make sure you report that.
lydiadepillis
lydiadepillis We noticed CNN, we just didn’t think $1.5 trillion was worth a year of a Costco membership🤨
lydiadepillis sad...take from the middle and give to the rich and corporations!
lydiadepillis Cut him off
lydiadepillis Cool...now show the deficit chart
lydiadepillis Give POTUS no new coverage
lydiadepillis The Trump economy is so weak that: ❎78% of Americans live paycheck to paycheck ❎29% have $1000 in the bank ❎The median family: $12k in savings ❎42% are one emergency away from being homeless When Trump brags about the economy, the average working family flips him The Bird
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: politico - 🏆 381. / 59 Read more »
Source: washingtonpost - 🏆 95. / 72 Read more »