$10 Trillion In Added Debt Shows Bush And Trump Tax Cuts Broke Our Modern Tax Structure

[Orangecat]

"It's lower revenue that's 100% responsible for the change in debt projections. If you take away nothing else, leave with this point."

Lower revenue doesn't cause debt, the refusal to spend within said revenue levels does.

 

[Orangecat]

WTF?
Trying to "straighten out" the retards slice?

Is your slice straight now?

 

[BluesLegend]

Lower revenue doesn't cause debt, the refusal to spend within said revenue levels does.

Breaking: This just in Democrats accepted all the tax cuts, cashed their refund checks, didn't complain.

 

[Smokin' OP]

A big fat lie. You people refuse to cut spending, then increased spending on top of that. Keeping more of MY money I earned isn't the problem. It's you mooching greedy deadbeat sponges. Get a job and pay your share you useless parasites.

Trump paid only $750 in taxes each in 2016, 2017​

WPTV
https://www.wptv.com › news › political › former-pre...
Dec 30, 2022 — The returns showed that Trump paid only $750 in taxes each in 2016 and 2017 while claiming a $5 million refund in 2020. While there may be ...

 

[BluesLegend]

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So many LIES where to begin...

 

[Nostra]

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Federal Deficit Grew to $2 Trillion in FY 2023

Outside of the pandemic years, this year’s federal deficit is the highest in U.S. history. While tax revenue has increased about 28 percent since the pre-pandemic year 2019, spending has increased about 46 percent. Annual deficits are headed towards $3 trillion over the next few years.

taxfoundation.org

 

[BluesLegend]

Trump paid only $750 in taxes each in 2016, 2017​

View attachment 846854
WPTV
https://www.wptv.com › news › political › former-pre...
Dec 30, 2022 — The returns showed that Trump paid only $750 in taxes each in 2016 and 2017 while claiming a $5 million refund in 2020. While there may be ...

Your lies are not unexpected.

 

[BluesLegend]

Federal Deficit Grew to $2 Trillion in FY 2023

Outside of the pandemic years, this year’s federal deficit is the highest in U.S. history. While tax revenue has increased about 28 percent since the pre-pandemic year 2019, spending has increased about 46 percent. Annual deficits are headed towards $3 trillion over the next few years.

taxfoundation.org

But Dems go right on LYING. Dems are absolute putrid filth.

 

[Smokin' OP]

Is your slice straight now?

No, it never has been.

 

[Nostra]

View attachment 846849

Quick fact-check proves your Dimtard meme is a lie.

Barry Hussein’s last budget was for FY 2017, with a deficit of $665 billion.

The last three Barry budgets had rising deficits, Simp.

 

[Woodznutz]

View attachment 846850

What year was this. Defense spending is usually less than 20 percent.

 

[Woodznutz]

The Fed budget contains lots of 'discretionary' spending, this is where the 'pork' comes from. Some of it could be used to reduce the debt.

 

[Smokin' OP]

Your lies are not unexpected.

So..............WHY did Trump refuse to release his financial statements?
Like every candidate did since Nixon was president?
Because, like Nixon, the orange grifter is a fraud.

From the archives: Richard Nixon's income tax bill ...​

USA Today
https://www.usatoday.com › politics › 2020/09/28 › ar...
Sep 28, 2020 — According to documents provided by government sources, the Nixons paid $792.81 in federal income tax in 1970, while receiving a $72,614.43 tax ...

 

[Mac-7]

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The fact is that presidents do not dictate spending

At the end of the say they sign the budget that congress passes or shut down the government

 

[JWBooth]

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Silly bastards think that they have the obligation to steal, at gunpoint, from productive people and the victims should be denied getting some of it back if they object.

 

[Smokin' OP]

Silly bastards think that they have the obligation to steal, at gunpoint, from productive people and the victims should be denied getting some of it back if they object.

Big Oil shareholders' profits soar as world melts​

New Internationalist
https://newint.org › features › 2023/08/22 › study-big...




Aug 22, 2023 — Study: Big Oil shareholders' profits soar as world melts · Shareholders in BP and Shell have earned a total of £131 billion in dividends and ...

WHEN will you deny them?

 

[whitehall]

Old Brandon insists on giving unregulated billions to a corrupt government and you blame Trump and Bush for the debit?

 

[JWBooth]

Big Oil shareholders' profits soar as world melts​

View attachment 846881
New Internationalist
https://newint.org › features › 2023/08/22 › study-big...




Aug 22, 2023 — Study: Big Oil shareholders' profits soar as world melts · Shareholders in BP and Shell have earned a total of £131 billion in dividends and ...

WHEN will you deny them?

relevance?

 

[OKTexas]

The U.S. Treasury Department on Friday released new figures related to the 2023 budget that showed a troubling drop in the nation's tax revenue compared to GDP—a measure which fell to 16.5% despite a growing economy—and an annual deficit increase that essentially doubled from the previous year.

After record U.S. government spending in 2020 and 2021" due to programs related to the economic fallout from the Covid-19 crisis, the Washington Post reports, "the deficit dropped from close to $3 trillion to close to $1 trillion in 2022. But rather than continue to fall to its pre-pandemic levels, the deficit unexpectedly jumped this year to roughly $2 trillion."

While much of the reporting on the Treasury figures painted a picture of various and overlapping dynamics to explain the surge in the deficit—including higher payments on debt due to interest rates, tax filing waivers related to extreme weather events, the impact of a student loan forgiveness program that was later rescinded, or a dip in capital gains receipts—progressive tax experts say none of those complexities should act to shield what's at the heart of a budget that brings in less than it spends: tax giveaways to the rich.

$10 trillion in added debt shows 'Bush and Trump tax cuts broke our modern tax structure'

The U.S. Treasury Department on Friday released new figures related to the 2023 budget that showed a troubling drop in the nation's tax revenue compared to GDP — a measure which fell to 16.5% despite a growing economy — and an annual deficit increase that essentially doubled from the previous...

www.rawstory.com

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WE DID THAT !!

So you're saying quid pro joe lied his ass off when he claimed to have cut the deficit in half, when in fact he doubled it. GOT IT!!!!

.

 

[Smokin' OP]

relevance?

WHY are teabaggers whining to corporations, about what THEY charge?