Biden is promising us that he’ll treat the HUMANS in the nation better than he treats the obscenely rich and the faceless corporations. Seems like a fine idea to me. During the US’s “golden age” that the Regressives seem to yearn for, the top tax rate was 91%. What is it now? Go ahead. Explain how that rate is better for the normal people, I’m waiting.
oh, the horror! Biden will take us back to the dark days of 2013-2015, when the economy was growing faster than it grew under Trump and the deficit was (gasp!) declining. That socialist fiend!
Why must Lisa lie so much? If it were even remotely true, the Eisenhower administration would have had an absolute disaster with their 90% tax rate on the highest brackets. The opposite was true. Businesses were busy putting their profits back into their businesses instead of their back pockets.
Hey Lisa – reality check for you. In the very interesting country of Sweden where I live we are able to combine Democratic Socialism with a market economy and have successful global companies – heard of Volvo, IKEA, Ericsson, Skype, Spotify among many? And I do I have to remind you, an American citizen that your constitution starts “We the people” not “Me myself and I”?
Large businesses will now pay there fair share of taxes. DJT will now pay his fair share of taxes. Billionaires will now pay their fair share of taxes. SMALL businesses will NOT see an increase in taxes. So Lisa, go hoist your anchor and go somewhere closer to the harbor of Truth.
Speaking of sinking to the bottom . . . don’t forget to tune into the last Presidential Debate tonight and watch Trump do his impression of the Captain on the Titanic.
Any analysis of any ‘business’ plan assumes, and looks for, its costs – the cost/benefit considerations. Lisa – dear – what have been the costs to America and Americans of deregulation alone?
Lisa, Have you ever actually held a real job? The only people to really notice a large tax increase will be the 1% and large corporations. It’s about time, isn’t it?
Companies have had record profits for years. Wages for the hourly workers have been stagnant for years. All they care about is the share holders and big wigs. I call it egonomics. Stroking the ego’s of the ones that already have theirs.
A wishy crafted tax code taxes those the most who do not contribute to the functioning of the American economy and/or society. That is why when the corporate tax rate was very high, much lower percentages were paid and America prospered.
When Kennedy lowered the tax rate and the revenue increase, it was because some tax deductions were also modified or eliminated.
When Reagan lowered the tax rate, that is all they did and revenue dropped. To try to recover that money, the taxes were raised 11 times, on the middle and lower class tax payers.
The reason the economy was struggling when Reagan took office is the economy was still adjusting from the Vietnam war economy to a peaceful economy. Republicans took us back to a War economy with their military buildup which has not resulted in a stable economy.
Tax rates have no effect if ‘legal’ loopholes allow all income to be non-taxable.
.
Back when American corporations actually paid income taxes, American businesses boomed. Trump Disciples like Lisa have NO explanation for that, now or ever.
And currently, if income taxes on profits are threatened to increase only slightly, patriotic multinational corporations will be forced, forced I tell you, to raise prices and lower wages.
Because if some business were to make less income than the previous quarter, they would immediately go out of business.
She does not know how anchors work either. The bar that she shows is about 2/3ds shorter than it should be and should be perpendicular to the blades. As drawn, the anchor would only drag across the ocean bottom.
The Trump / Repub tax cuts of 2017 mainly benefited large corporations and the wealthy. The former’s CEOs stated they were going to use that to buy back stock BEFORE the bill passed and that is mainly what they did. Then Trump insisted the interest rate be kept artificially low, so these companies borrowed more money and bought back more stock which heated up the stock market, but did nothing for the REAL economy or their employees. When Covid hit, they all screamed that they needed money because they had no reserves. Rubio and other Repubs agreed to define businesses with 500 or fewer employees PER LOCATION as small businesses so many of them got the Covid loans when they shouldn’t have. For the most part, these companies didn’t worry about retaining employees after Covid hit while many small businesses tried to support their employees and many folded because they couldn’t get the loans the “good bank customers” (AKA big businesses) already had snapped up.
When top tax rates were higher, the middle class grew. Companies invested in their actual company with an eye on long-term health. They invested in their employees by paying them decent wages and providing training. These actions brought down their taxable income while benefiting the company, the employees AND the economy.
The constant bleating that companies will just raise prices if they have to pay more in taxes is a fallacy. The market will only bear so much in price hikes, and the higher profits would mean they’d pay more in taxes. And I sure as heck didn’t see massive price cuts when the companies got their windfall after 2017.
RAGs over 3 years ago
Ms. Benson must be very wealthy if she would be affected by a plan to make those earning over $400,000 a year pay their fair share.
Daeder over 3 years ago
Lisa would hate it so much if people who made $400k and up were forced to pay their fair share in taxes!
Down with equality! Up with oligarchy! Down with a well educated, healthy electorate! Up with morons!
Derp!
Concretionist over 3 years ago
Biden is promising us that he’ll treat the HUMANS in the nation better than he treats the obscenely rich and the faceless corporations. Seems like a fine idea to me. During the US’s “golden age” that the Regressives seem to yearn for, the top tax rate was 91%. What is it now? Go ahead. Explain how that rate is better for the normal people, I’m waiting.
Judge Magney over 3 years ago
oh, the horror! Biden will take us back to the dark days of 2013-2015, when the economy was growing faster than it grew under Trump and the deficit was (gasp!) declining. That socialist fiend!
Say What Now‽ Premium Member over 3 years ago
Lisa and her fellow conservative cartoonists are happy to vote a child abuser for another four years.
Patjade over 3 years ago
Why must Lisa lie so much? If it were even remotely true, the Eisenhower administration would have had an absolute disaster with their 90% tax rate on the highest brackets. The opposite was true. Businesses were busy putting their profits back into their businesses instead of their back pockets.
https://www.zocalopublicsquare.org/2017/12/19/eisenhowers-tax-policies-invested-future-not/ideas/essay/
https://www.politifact.com/factchecks/2015/nov/15/bernie-sanders/income-tax-rates-were-90-percent-under-eisenhower-/
shakeswilly over 3 years ago
Nice cartoon, just labeled wrong. The anchor is reality and the. boat is the Trump campaign.
FrankErnesto over 3 years ago
It’s about time, too. An anchor on the top 5% might help, also.
Zev over 3 years ago
Yeah, like the current fiscal situation we have now makes for a healthy economy.
brianmulrine over 3 years ago
Well done! A cartoonist so poorly aware of reality I can laugh at them father than with them…
Mats Dahlgren Premium Member over 3 years ago
Hey Lisa – reality check for you. In the very interesting country of Sweden where I live we are able to combine Democratic Socialism with a market economy and have successful global companies – heard of Volvo, IKEA, Ericsson, Skype, Spotify among many? And I do I have to remind you, an American citizen that your constitution starts “We the people” not “Me myself and I”?
walfishj over 3 years ago
Large businesses will now pay there fair share of taxes. DJT will now pay his fair share of taxes. Billionaires will now pay their fair share of taxes. SMALL businesses will NOT see an increase in taxes. So Lisa, go hoist your anchor and go somewhere closer to the harbor of Truth.
The Love of Money is . . . over 3 years ago
Speaking of sinking to the bottom . . . don’t forget to tune into the last Presidential Debate tonight and watch Trump do his impression of the Captain on the Titanic.
rmfrye Premium Member over 3 years ago
Retake Econ 101, then talk to me about tax plans.
docrucker Premium Member over 3 years ago
https://www.fool.com/the-ascent/personal-finance/articles/goldman-sachs-thinks-economy-will-recover-faster-biden-office/
Alberta Oil Premium Member over 3 years ago
And trump’s tax plan has done.. what? (besides paying off his 1% buddies.. and himself.. of course)
jhayesd31 over 3 years ago
We borrowed 6 Trillion Dollars BEFORE COVID
So Yes When we spend borrowed money we do very well until the Bill comes due.
We are STILL paying the Bill from Ronald Reagan but we have been borrowing money to pay the interest on that too for 30 years.
pc368dude over 3 years ago
Any analysis of any ‘business’ plan assumes, and looks for, its costs – the cost/benefit considerations. Lisa – dear – what have been the costs to America and Americans of deregulation alone?
kentmarx36 over 3 years ago
Lisa, Have you ever actually held a real job? The only people to really notice a large tax increase will be the 1% and large corporations. It’s about time, isn’t it?
elvisgirl3 over 3 years ago
Looks like the commenters here need to take the 50 Cent course in economics.
Kurtass Premium Member over 3 years ago
Companies have had record profits for years. Wages for the hourly workers have been stagnant for years. All they care about is the share holders and big wigs. I call it egonomics. Stroking the ego’s of the ones that already have theirs.
DrDon1 over 3 years ago
Is there ANY national issue that L. Benson can intelligently comment on?
[ A prime example of Dunning-Kruger effect! ]
"I can't take it anymore"" Premium Member over 3 years ago
The Trump tax plan still has my business CLOSED
Frankfreak over 3 years ago
A wishy crafted tax code taxes those the most who do not contribute to the functioning of the American economy and/or society. That is why when the corporate tax rate was very high, much lower percentages were paid and America prospered.
When Kennedy lowered the tax rate and the revenue increase, it was because some tax deductions were also modified or eliminated.
When Reagan lowered the tax rate, that is all they did and revenue dropped. To try to recover that money, the taxes were raised 11 times, on the middle and lower class tax payers.
The reason the economy was struggling when Reagan took office is the economy was still adjusting from the Vietnam war economy to a peaceful economy. Republicans took us back to a War economy with their military buildup which has not resulted in a stable economy.
ferddo over 3 years ago
Biden was part of the solution for the previous Republican president’s economy fumble… looks like he’ll have to do it again.
casonia2 over 3 years ago
Yeah, right, Lisa. I guess you still think you got a tax cut from Trump, too.
braindead Premium Member over 3 years ago
Tax rates have no effect if ‘legal’ loopholes allow all income to be non-taxable.
.
Back when American corporations actually paid income taxes, American businesses boomed. Trump Disciples like Lisa have NO explanation for that, now or ever.
And currently, if income taxes on profits are threatened to increase only slightly, patriotic multinational corporations will be forced, forced I tell you, to raise prices and lower wages.
Because if some business were to make less income than the previous quarter, they would immediately go out of business.
.
Trump Disciple analysis skills.
lobo1939 over 3 years ago
She does not know how anchors work either. The bar that she shows is about 2/3ds shorter than it should be and should be perpendicular to the blades. As drawn, the anchor would only drag across the ocean bottom.
Durak Premium Member over 3 years ago
I’d much rather see a Congressional Tax plan than either a Biden plan or a Trump plan.
T Smith over 3 years ago
Don’t worry Lisa, your Lord and Savior Covid-Donnie is hiding his on-the-lam money in China.
DeepState over 3 years ago
So sad, everyone will have to pay the share… Money over people, it’s the republican way.
maskwbi over 3 years ago
Perfect!
FrankErnesto over 3 years ago
No, no if you raise taxes they will have to move to China, where people like Trump have to actually pay taxes. OMG.
Nantucket Premium Member over 3 years ago
The Trump / Repub tax cuts of 2017 mainly benefited large corporations and the wealthy. The former’s CEOs stated they were going to use that to buy back stock BEFORE the bill passed and that is mainly what they did. Then Trump insisted the interest rate be kept artificially low, so these companies borrowed more money and bought back more stock which heated up the stock market, but did nothing for the REAL economy or their employees. When Covid hit, they all screamed that they needed money because they had no reserves. Rubio and other Repubs agreed to define businesses with 500 or fewer employees PER LOCATION as small businesses so many of them got the Covid loans when they shouldn’t have. For the most part, these companies didn’t worry about retaining employees after Covid hit while many small businesses tried to support their employees and many folded because they couldn’t get the loans the “good bank customers” (AKA big businesses) already had snapped up.
When top tax rates were higher, the middle class grew. Companies invested in their actual company with an eye on long-term health. They invested in their employees by paying them decent wages and providing training. These actions brought down their taxable income while benefiting the company, the employees AND the economy.
The constant bleating that companies will just raise prices if they have to pay more in taxes is a fallacy. The market will only bear so much in price hikes, and the higher profits would mean they’d pay more in taxes. And I sure as heck didn’t see massive price cuts when the companies got their windfall after 2017.
Radish the wordsmith over 3 years ago
Republicans stole all the PPP money and left small business stranded.
tims145 over 3 years ago
Pretty much a standard election where the GOP leaves the incoming Democratic president with a gigantic national debt.