$3.5T Not As Big As You Might Think

[Lesh]

Here's Why Democrats' $3.5 Trillion Legislation Isn't (Quite) As Big As It Sounds

It's a lot of money, but still less than the Great Society — and still not what they spend in Europe.

www.huffpost.com

In fact it includes Medicare and other items that save $1T.

Including savings on drug costs. Something long overdue

 

[pknopp]

Great, if it's not that big it shouldn't be hard to fully pay for.

 

[Auld Phart]

Is that so?


then you pay for it.

 

[ColonelAngus]

It actually costs $0.

Left wing math.

 

[Lesh]

Great, if it's not that big it shouldn't be hard to fully pay for.

Most if not all of it IS paid for by raising taxes on capital gains and higher income folks

 

[Crepitus]

Here's Why Democrats' $3.5 Trillion Legislation Isn't (Quite) As Big As It Sounds

It's a lot of money, but still less than the Great Society — and still not what they spend in Europe.

www.huffpost.com

In fact it includes Medicare and other items that save $1T.

Including savings on drug costs. Something long overdue

It's also spread over 10 years. Nobody's talking about plopping $3.5 trillion out on the table this weekend..

 

[Crepitus]

It actually costs $0.

Left wing math.

Pretty close.

 

[ColonelAngus]

Most if not all of it IS paid for by raising taxes on capital gain and higher income folks

Show the math or you won't get any credit.

 

[ColonelAngus]

 

[pknopp]

Most if not all of it IS paid for by raising taxes on capital gain and higher income folks

We will see,

 

[hadit]

Most if not all of it IS paid for by raising taxes on capital gain and higher income folks

Which NEVER result in as much new revenue as projected.

 

[hadit]

It's also spread over 10 years. Nobody's talking about plopping $3.5 trillion out on the table this weekend..

Heck, what's $350 Billion/year between friends?

 

[Smokin' OP]

So, Trump can pass a $2.3 trillion tax cut for the rich and republicans have no issue with that but Biden signing a bill for $1.2 trillion more for infrastructure and Americans and republicans blow a gasket.

 

[Lesh]

It's also spread over 10 years. Nobody's talking about plopping $3.5 trillion out on the table this weekend..

Exactly

$2.5T spread over 10 years is not nearly that scary.

Remember how "scary" the $1T ACA was supposed to be?

Turned out...not so much

 

[ColonelAngus]

So, Trump can pass a $2.3 trillion tax cut for the rich and republicans have no issue with that but Biden signing a bill for $1.2 trillion more for infrastructure and Americans and republicans blow a gasket.

Describe the cap on SALT deductions and the impact on the "RICH".

 

[Smokin' OP]

Which NEVER result in as much new revenue as projected.

Either do tax cuts, but republicans have been lying about 'Tax cuts pay for themselves' since Reagan first did it.

 

[Staidhup]

Paid for by raising taxes, really? Is that before or after the pork liability is shifted to the states? For Gods sake this is not a one and done infrastructure bill its major pork served on Dimbo wish List platter. Read the bill look who really ends up paying for this political payback bill.

 

[Lesh]

Paid for by raising taxes, really? Is that before or after the pork liability is shifted to the states? For Gods sake this is not a one and done infrastructure bill its major pork served on Dimbo wish List platter. Read the bill look who really ends up paying for this political payback bill.

Just makin shit up?

You didn't actually say anything in that rant.

 

[Likkmee]

Quick question.
If it's debt, where do we send the check when ready ?

 

[Care4all]

It actually costs $0.

Left wing math.

Actually, the claim isn't that it COSTs zero, the actual claim is that it simply adds zero, to the deficit/ national debt.