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That quote doesn't support your asinine claim in any way, dummy.Here is Deven Nunes, one of Trump's favorite butt boys, explaining that every credit, deduction, and exemption is paid for by raising tax rates on everyone:
No tax reform without border adjustment tax, Rep. Nunes says
"If people wanted to drop the corporate rate from 35 to say 33, 32, maybe 30, we could probably do it. But if you go back to several years that we looked at doing just that, the goal was to get to 25 percent, and by the time every lobbyist, every special interest group in town, representing every major corporation in this country, the tax rate was automatically all the way back above 30 by the time you put everybody's special loophole in."
Read that a hundred times if that is how much it takes for you to comprehend it.
Nunes sits on the House Ways and Means Committee. That's the committee responsible for taxation.
Nunes clearly states that every deduction, exemption, and credit is paid for by raising tax rates on everyone. That's why I call them government gifts, because they are. They are theft from someone else's pocket.
the fed has been injecting hundreds of billions a day for decades. It's why we're heading toward liquidity. look it up! why stay dumbed down?
Link?the fed has been injecting hundreds of billions a day for decades. It's why we're heading toward liquidity.
The Fed is injecting hundreds of billions into markets — and it's a practice that could become the new normal | Markets InsiderLink?the fed has been injecting hundreds of billions a day for decades. It's why we're heading toward liquidity.
.
Hundreds of billions a day!Link?the fed has been injecting hundreds of billions a day for decades. It's why we're heading toward liquidity.
.
Fed Will Inject $1 Trillion More Into the EconomyLink?the fed has been injecting hundreds of billions a day for decades. It's why we're heading toward liquidity.
.
You said "the fed has been injecting hundreds of billions a day for decades".The Fed is injecting hundreds of billions into markets — and it's a practice that could become the new normal | Markets InsiderLink?the fed has been injecting hundreds of billions a day for decades. It's why we're heading toward liquidity.
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$12 trillion of QE and the lowest rates in 5,000 years ... for this?Link?the fed has been injecting hundreds of billions a day for decades. It's why we're heading toward liquidity.
.
During the greatest economy ever?
The Fed Is Back to Its Old Tricks - Injecting Money into the SystemYou said "the fed has been injecting hundreds of billions a day for decades".The Fed is injecting hundreds of billions into markets — and it's a practice that could become the new normal | Markets InsiderLink?the fed has been injecting hundreds of billions a day for decades. It's why we're heading toward liquidity.
.
Link?
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You said "the fed has been injecting hundreds of billions a day for decades".The Fed is injecting hundreds of billions into markets — and it's a practice that could become the new normal | Markets InsiderLink?the fed has been injecting hundreds of billions a day for decades. It's why we're heading toward liquidity.
.
Link?
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Well, in Trump's case, he borrows a trillion dollars from places like China and Great Britain and Japan, as well as our own banking system and the American people.how does one spend deficits?The federal government collected record total tax revenues of $470,706,000,000 in October and November, the first two months of fiscal 2020, according to the Monthly Treasury Statement released today.
Corporation income taxes, Social Security payroll taxes, and customs duties were all up in the first two months of this fiscal year compared to last fiscal year, but estate and gift taxes and unemployment insurance taxes were down.
Feds Collect Record Taxes Through November; But Still Run $343.3 Billion Deficit With Second-Highest Spending in Nation's History
hmmm...
Let's see Trump reduced taxes BUT revenue goes up and unemployment taxes go down!
Wait a minute... that must mean....More people are working paying SS taxes and less people are unemployed meaning lower unemployment taxes....
SOMETHING is truly wrong here! Please correct me if I'm wrong!
Well, could be that the corporations will get their taxes back at annual filing, after all corporations are rich people too. Some of the tariff money is being used to subsidize farmers and the and in larger part, huge agricultural corporations suffering decline in sales due to trade war tariffs. The rest of the subsidies are just further deficit spending, as deficits continue to rise. Think of it as wealth transfer up to the top. The large Agra-corporations are not actually hurting, by the trade policy. Much of their contractual costs are scalable to their projected annual needs on an on-going basis. It is not as if they actually lived on the land and struggle to keep it. Welcome to the supply side corporate economy.
And then our kids and grandkids will have to pay all that money back.
Cool, huh? He's hoaxing the rubes, at the expense of our descendants.
All caught up now?
I guess you never heard of QE1,QE2, & QE3 done under Obama from 2008 to 2014 that tried to keep the economy going?
Was Quantitative Easing a Waste of $3.6 Trillion?
Was Quantitative Easing a Waste of $3.6 Trillion? | The Motley Fool
Okay, wow. I guess that wasn't a typo.You said "the fed has been injecting hundreds of billions a day for decades".The Fed is injecting hundreds of billions into markets — and it's a practice that could become the new normal | Markets InsiderLink?the fed has been injecting hundreds of billions a day for decades. It's why we're heading toward liquidity.
.
Link?
.
I was pulling reports.
The Fed Is Back to Its Old Tricks - Injecting Money into the System
The federal government collected record total tax revenues of $470,706,000,000 in October and November, the first two months of fiscal 2020, according to the Monthly Treasury Statement released today.
Corporation income taxes, Social Security payroll taxes, and customs duties were all up in the first two months of this fiscal year compared to last fiscal year, but estate and gift taxes and unemployment insurance taxes were down.
Feds Collect Record Taxes Through November; But Still Run $343.3 Billion Deficit With Second-Highest Spending in Nation's History
hmmm...
Let's see Trump reduced taxes BUT revenue goes up and unemployment taxes go down!
Wait a minute... that must mean....More people are working paying SS taxes and less people are unemployed meaning lower unemployment taxes....
SOMETHING is truly wrong here! Please correct me if I'm wrong!
Well, could be that the corporations will get their taxes back at annual filing, after all corporations are rich people too. Some of the tariff money is being used to subsidize farmers and the and in larger part, huge agricultural corporations suffering decline in sales due to trade war tariffs. The rest of the subsidies are just further deficit spending, as deficits continue to rise. Think of it as wealth transfer up to the top. The large Agra-corporations are not actually hurting, by the trade policy. Much of their contractual costs are scalable to their projected annual needs on an on-going basis. It is not as if they actually lived on the land and struggle to keep it. Welcome to the supply side corporate economy.
Corporations don't get taxes back. Do you really think they are THAT stupid to let the government have their money? You really have no comprehension!
Farmers subsidies have been around since the 1930s. So what?
Finally you truly are ignorant as to how businesses work. Are you aware that the SS/Medicare withholding paid equally by the employee and employer are considered
tax revenue? First of all I bet you are one of the ignorant millions that don't know YOUR employer matches your SS/Medicare withholding.
And it is the pure fact there are MORE people now earning a paycheck that means more payroll tax revenue rolling in! I'm 100% confident you don't know any of the
above.
or deficitsHere is Deven Nunes, one of Trump's favorite butt boys, explaining that every credit, deduction, and exemption is paid for by raising tax rates on everyone:
No tax reform without border adjustment tax, Rep. Nunes says
"If people wanted to drop the corporate rate from 35 to say 33, 32, maybe 30, we could probably do it. But if you go back to several years that we looked at doing just that, the goal was to get to 25 percent, and by the time every lobbyist, every special interest group in town, representing every major corporation in this country, the tax rate was automatically all the way back above 30 by the time you put everybody's special loophole in."
Read that a hundred times if that is how much it takes for you to comprehend it.
Nunes sits on the House Ways and Means Committee. That's the committee responsible for taxation.
Nunes clearly states that every deduction, exemption, and credit is paid for by raising tax rates on everyone. That's why I call them government gifts, because they are. They are theft from someone else's pocket.