will tax bill cause recession

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  • chico2663
    BARRELED IN @ SBR!
    • 09-02-10
    • 36993

    #1
    will tax bill cause recession
    Why are we borrowing 2.3 trillion dollars from china to give companies a tax break?
    since companies have record profits than why aren't they investing in new employees. We are going to get a sugar high but in 2020 we are so screwed.
  • VeggieDog
    SBR Hall of Famer
    • 02-21-09
    • 7206

    #2
    Originally posted by chico2663
    Why are we borrowing 2.3 trillion dollars from china to give companies a tax break?
    since companies have record profits than why aren't they investing in new employees. We are going to get a sugar high but in 2020 we are so screwed.
    So who is the sucker - us or them?
    Comment
    • guitarjosh
      SBR Hall of Famer
      • 12-25-07
      • 5460

      #3
      Corporations were more profitable back in 2014/2015. What will cause the recession is the Fed hiking rates. The yield curve is already flattening, inflation is still low, they don't need to hike. If you're worried about the deficit and debt there is plenty of places to cut spending.
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      • chico2663
        BARRELED IN @ SBR!
        • 09-02-10
        • 36993

        #4
        Originally posted by VeggieDog
        So who is the sucker - us or them?
        I would have to say us.
        Comment
        • ericc
          SBR Hall of Famer
          • 08-05-08
          • 8330

          #5
          Originally posted by chico2663
          I would have to say us.
          I would have to agree with you because the U. S. has often been a patsy to authoritarian governments like China and remember we are all in this together so now we know where the issues will be in 2018 and 2020 and beyond.
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          • d2bets
            BARRELED IN @ SBR!
            • 08-10-05
            • 39847

            #6
            Originally posted by guitarjosh
            Corporations were more profitable back in 2014/2015. What will cause the recession is the Fed hiking rates. The yield curve is already flattening, inflation is still low, they don't need to hike. If you're worried about the deficit and debt there is plenty of places to cut spending.
            Yes, but all the new stimulus will cause inflation to smolder by 2019-2020. Plenty of places to cut spending? Not with Trump in the White House. Any spending review that doesn't slash defense/military and social security is pointless.
            Comment
            • brooks85
              SBR Aristocracy
              • 01-05-09
              • 44644

              #7
              Originally posted by chico2663
              I would have to say us.
              and that is why you're an habitual loser
              Comment
              • chico2663
                BARRELED IN @ SBR!
                • 09-02-10
                • 36993

                #8
                Originally posted by d2bets
                Yes, but all the new stimulus will cause inflation to smolder by 2019-2020. Plenty of places to cut spending? Not with Trump in the White House. Any spending review that doesn't slash defense/military and social security is pointless.
                They need to put back the 2.7 trillion that has been stolen from social security back in before we talk about it.
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                • chico2663
                  BARRELED IN @ SBR!
                  • 09-02-10
                  • 36993

                  #9
                  Only in the usa can you work your ass off like a 1 legged man in an ass kicking contest your whole life. When you get old they want to just see you crawl under a rock and die. They say people used s.s. as a retirement account. I beg to disagree; these corps did when they started getting rid of pensions
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                  • rkelly110
                    BARRELED IN @ SBR!
                    • 10-05-09
                    • 39410

                    #10
                    Will tax bill cause a recession? Not right away. Throw in another war which we are working on, you bet.

                    That 1.5T over ten years is far fetched. I read somewhere we are already almost one Trillion now.

                    The Repubs think they are pulling one over on us calling that bill a jobs act. Should be called sucking the corporate and
                    rich dick act. Then the next bill will be called fukking the poor people act, then fuk the birther act, then fuk the retired
                    act. After that they will have distribution centers where you can get your monthly voucher for a supply of free vaseline.
                    Comment
                    • rkelly110
                      BARRELED IN @ SBR!
                      • 10-05-09
                      • 39410

                      #11
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                      • d2bets
                        BARRELED IN @ SBR!
                        • 08-10-05
                        • 39847

                        #12
                        The tax bill is a deficit disaster, doesn't help the people that need it most and will cause a recession within a few years, but I must admit that the Senate bill would save me personally quite a lot of taxes. I'll donate some and save the rest for retirement.
                        Comment
                        • dlowilly
                          SBR Posting Legend
                          • 11-09-16
                          • 13870

                          #13
                          It will most definitely cause a recession in libtard mental stability. Since they are already in a mental recession being a libtard it would be more like a double dip great depression of mental stability. The first when Trump won, and then the tax bill
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