Posted by Crazy Horse on December 21, 2017 at 07:56:32 from (75.159.240.214):
I know this is O/T but here goes, not like I'm breaking the law right? Reading a newspaper article up here (Canada) this AM about the tax cuts south of the border that were just approved. Some things about what I read leave me scratching my head.
So tax cuts totaling $1.5 trillion USD with corporate rates dropping from 35% to 21% (that must be a pretty generic statement for % drops). Smaller cuts for middle and low-income families. And supposedly leaving middle-class and working Americans behind. The term "middle" shows up in both sentences that I read. Sounds like the middle is benefiting and being left behind at the same time?
Here's my question ....... with all of these tax cuts, there is no mention of: 1) Cuts to public spending or service or 2) An increase in the public debt happening.
It would be nice if all of this could happen in a positive way at the same time but from what little knowledge I have of public finance, it doesn't seem possible does it?
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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