Biden Set To Unveil More Than $2 Trillion In Tax Hikes In Budget

[Mac1958]

Credit default swaps definitely need more regulation. I find it astonishing there is no insurable interest requirement. That's just insane.

Zero. Blew my mind.

 

[pknopp]

How about we cut off any spending or money going outside of US borders that doesn't help US citizens.

We were told Korea was in the interest of the US. How did that turn out?

We were told that Vietnam was in the interest of the U.S. How did that turn out?

We were told Afghanistan was in the interest of the U.S. How did that turn out?

We were told that Iraq was in the interest of the U.S. How did that turn out?

We were told Syria was in the interest of the U.S. How did that turn out?

We were told Libya was in the interest of the U.S. How did that turn out?

We were told............................

 

[Billiejeens]

I'm so glad someone came along to prove my point.

Asshole always blame the poor while ignoring the $1.4 trillion in annual spending on tax expenditures.

Sing
Sing a song
Make it simple to last the whole thread long.

One note Johnny
AKA the fraud man

 

[Billiejeens]

Inflation Reduction Act.

Passed.

Historic.

All bills are misnamed.
This does nothing to reduce inflation.
Nothing.
It is simply the new green deal.

 

[Flash]

We don't need to be raising taxes.

We need to be lowering spending.

Liberals never seem to understand that simple concept.

 

[Billiejeens]

We were told Korea was in the interest of the US. How did that turn out?

We were told that Vietnam was in the interest of the U.S. How did that turn out?

We were told Afghanistan was in the interest of the U.S. How did that turn out?

We were told that Iraq was in the interest of the U.S. How did that turn out?

We were told Syria was in the interest of the U.S. How did that turn out?

We were told Libya was in the interest of the U.S. How did that turn out?

We were told............................

The MIC runs the country.
They want war.
They killed JFK and ran a coup on President Trump.

So.

 

[Flash]

Taxes need raised to address the debt

Bullshit!

Taxes will be raised and not one cent of it will be used to pay down debt. The money will be used for more worthless spending.

The answer is very simple but Liberals never seem to understand.

Stop spending so much goddamn money. Use exiting revenue to pay down debt.

You know, like what you have to do with your household budget.

 

[Harpy Eagle]

We don't need to be raising taxes.

We need to be lowering spending.

Liberals never seem to understand that simple concept.

Who is the last person you voted for that lowered spending?

 

[OldFlame]

We were told Korea was in the interest of the US. How did that turn out?

We were told that Vietnam was in the interest of the U.S. How did that turn out?

We were told Afghanistan was in the interest of the U.S. How did that turn out?

We were told that Iraq was in the interest of the U.S. How did that turn out?

We were told Syria was in the interest of the U.S. How did that turn out?

We were told Libya was in the interest of the U.S. How did that turn out?

We were told............................

I agree with all of them, sorry.

 

[pknopp]

Bullshit!

Taxes will be raised and not one cent of it will be used to pay down debt.

That does nothing to dispute what I said so.......................you just wanted to rant.

 

[Cellblock2429]

Biden set to unveil more than $2 trillion in tax hikes in budget

President Biden is set to formally propose an array of tax increases on wealthy individuals and corporations in a budget plan that he says will reduce the deficit by $2 trillion over the next decad…

thehill.com

President Biden is set to formally propose an array of tax increases on wealthy individuals and corporations in a budget plan that he says will reduce the deficit by $2 trillion over the next decade, setting up a battle royal with Republicans on Capitol Hill.

Biden told lawmakers during his State of the Union address last month that his budget will lower the deficit and extend the solvency of the Medicare Trust Fund “by making the wealthy and big corporations begin to pay their fair share.”


The White House on Tuesday unveiled a proposal to raise the Medicare surtax on earned and unearned income above $400,000 from 3.8 percent to 5 percent.

Late last month, the president proposed a new tax on wealthy households that would require individuals and families worth more than $100 million to pay a 20 percent tax on income and the unrealized gains of liquid assets such as stocks.


Now that's just stupid, taxing the value of your stocks before you have sold them. There's no way anyone will go along with that. Maybe Biden put that in there as a bargaining chip to give away in exchange for something else.

"Reduce the deficit by $2 trillion over the next decade". So what's that? Reduce our current trillion and a half dollar deficits by $200 billion a year? Whoop-dee-do!


Republicans say Biden’s budget will be dead on arrival when the president formally sends it to Capitol Hill on Thursday.

Meanwhile, Republicans have offered no plan at all to reduce our debt they helped to build.

/---/ The wealthy will always be three steps of the idiots in Washington. They will move their money offshore once again.

 

[pknopp]

I agree with all of them, sorry.

How did they turn out? How did we benefit?

 

[OldFlame]

How did they turn out? How did we benefit?

I agree that they were all a waste of money, and we should have stayed out of it. We shouldn't be sending any money to Ukraine either, it's a huge money laundering scheme, they're all getting some of that money back into their own pockets.

 

[Flash]

That does nothing to dispute what I said so.......................you just wanted to rant.

You said we needed to raise taxes to pay off debt.

That is idiotic.

We need to reduce Federal spending and use existing revenue to pay off debt.

Like I said, common sense fiscal responsibility is difficult for you stupid Moon Bats to understand.

You are as ignorant in Economics as you are in History, Climate Science, Biology, Ethics and the Constitution.

 

[Care4all]

Ayup.

We need to eliminate tax expenditures. They add up to $1.4 trillion EVERY YEAR.

People whine about food stamps and welfare, yet completely ignore the $1.4 trillion of annual wealth redistribution UP the food chain.

Is eliminating tax expenditures eliminating tax write offs and essentially making our income tax a flat, progressive tax?

Seems like rates would go down with something like that or Rs and some D's would fight for that in congress? So an eye on that needs to be watched, rates being reduced could eliminate the debt/deficit benefit we hope for....

Obviously there would still be a standard deduction....but only that, right?

 

[pknopp]

You said we needed to raise taxes to pay off debt.

That is idiotic.

We need to reduce Federal spending and use existing revenue to pay off debt.

Like I said, common sense fiscal responsibility is difficult for you stupid Moon Bats to understand.

You are as ignorant in Economics as you are in History, Climate Science, Biology, Ethics and the Constitution.

No, we need to do BOTH. Why are you against paying for the things you "benefitted" from?

The people of Kentucky should be against paying higher taxes to pay for their new bridge? Really?

 

[Aldo Raine]

We don't need to be raising taxes.

We need to be lowering spending.

Liberals never seem to understand that simple concept.

We need both to be honest!

 

[Aldo Raine]

Is eliminating tax expenditures eliminating tax write offs and essentially making our income tax a flat, progressive tax?

Seems like rates would go down with something like that or Rs and some D's would fight for that in congress? So an eye on that needs to be watched, rates being reduced could eliminate the debt/deficit benefit we hope for....

Obviously there would still be a standard deduction....but only that, right?

I do not believe a standard deduction is in any kind of flat tax plan.

 

[LordBrownTrout]

Meh, no thanks. Make the govt do without.

 

[LordBrownTrout]

We were told Korea was in the interest of the US. How did that turn out?

We were told that Vietnam was in the interest of the U.S. How did that turn out?

We were told Afghanistan was in the interest of the U.S. How did that turn out?

We were told that Iraq was in the interest of the U.S. How did that turn out?

We were told Syria was in the interest of the U.S. How did that turn out?

We were told Libya was in the interest of the U.S. How did that turn out?

We were told............................

.................ukraine. Yeah, how's that turning out. 100 billion in with russia advancing. But we're winning hearts and stuff.

No thanks, I'll pass on having my taxes raised so our worthless govt can wage endless wars. NO THANKS.