Corporate Tax Revenue Came In 31% Below Predictions, And It's Getting Worse

[Cellblock2429]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

You tRump-chumps laughed at me when I posted that corporate tax payments were down 50%.

Who's the "chump" now?

/—-/ We’re not laughing, we’re applauding the great news.

 

[OnePercenter]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

You tRump-chumps laughed at me when I posted that corporate tax payments were down 50%.

Who's the "chump" now?

/—-/ We’re not laughing, we’re applauding the great news.

The US is heading into a recession is "great news?"

 

[Oldstyle]

my attitude is towards the theft of my property by those that dont have a legal right to it,,,

theft is not charity,,,

It's not theft. Our culture has evolved to understand that anyone at anytime could face hardships and that it is better for society to assist during those periods of hardship. It's a social contract that is available to you and yours if the need arises.
You should be grateful that you don't need it rather than begrudging others for their struggles.

Interesting point of view. One wonders if it's a sign that a culture has "evolved" when people in that culture feel that they deserve a "living wage" without working! I would argue that is a sign that said culture has begun a death spiral.

It's certainly a sign that our economy is not working for the majority of Americans any longer. There wouldn't need to be any discussions of support if people earned a wage they could live and thrive on.

When you don't want to work but expect that society "owes" you a living wage...how is that in any way a reflection on how well the economy is working?

My question for you is a simple one. Why should anyone expect to "thrive" when they aren't willing to work?

It's not based on a willingness to work, liar.

You obviously haven't gotten the latest memos from your fellow progressives, Hutch! You guys are going hard left! Your newest additions to the Congress think that college should be free...healthcare should be free...and that everyone should get a "living wage" whether they work or not!

 

[Issa]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

GOOD NEWS,,,

anytime a person or company gets to keep more of their own money and the government gets less is a good thing,,

And trump still added trillions to the debt. Money he doesnt have.

Again, each President has added to the debt, in that respect Trump is no different than any other President. Suck it up you lost!

Well he had was handed a great economy and managed to be one of the worst if not the worst. But you know what is the most in all of this ? The orange liar promised he will cut or even wipe the deficit ...you got an excuse for this one as well ?

 

[Dale Smith]

For the love of all things holy, only da "gubermint" can spend our taxed fiat currency wisely......great stewards each and every one of them......said no one ever.

 

[Dale Smith]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

GOOD NEWS,,,

anytime a person or company gets to keep more of their own money and the government gets less is a good thing,,

And trump still added trillions to the debt. Money he doesnt have.

Again, each President has added to the debt, in that respect Trump is no different than any other President. Suck it up you lost!

Well he had was handed a great economy and managed to be one of the worst if not the worst. But you know what is the most in all of this ? The orange liar promised he will cut or even wipe the deficit ...you got an excuse for this one as well ?

Since every Federal Reserve Note is borrowed into existence, where does the "money" come from to pay the interest? Can you pull 11 marbles out of a bag that only contains ten to begin with? That is why we have inflation because this fiat currency as to expand exponentially in order to service the debt to a (snicker) "Central Bank" that extended credit from an empty vault/checkbook. It certainly explains why the debt of the entire world with a central bank (owned by the same oligarchs) totals over 260 TRILLION dollars. You have much to learn, my friend......

 

[Cellblock2429]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

You tRump-chumps laughed at me when I posted that corporate tax payments were down 50%.

Who's the "chump" now?

/—-/ We’re not laughing, we’re applauding the great news.

The US is heading into a recession is "great news?"

/——/ Here we go with the predictions of doom and gloom again. What proof do you have of a pending recession besides wishful thinking?

 

[Picaro]

He can avoid recession by getting rid of the 30 million or so criminal illegal aliens, all the chain migration from anchor babies, deporting traitor scum, and jacking up tariffs to cover the deficits caused by destruction of our tax base by Wall Street.

 

[Aldo Raine]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

/——-/ Well dang, that is great news. The lower corporate taxes, the more competitive they are in the world market, more sales, more revenue, more hiring, more capital equipment and lower consumer prices. Incredible.


Sent from my iPhone using USMessageBoard.com

Uhm, except revenue keeps falling. That is the point that is being made. It's ok we are here to help ewe for the rest of the week.

 

[Cellblock2429]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

GOOD NEWS,,,

anytime a person or company gets to keep more of their own money and the government gets less is a good thing,,

And trump still added trillions to the debt. Money he doesnt have.

Again, each President has added to the debt, in that respect Trump is no different than any other President. Suck it up you lost!

Well he had was handed a great economy and managed to be one of the worst if not the worst. But you know what is the most in all of this ? The orange liar promised he will cut or even wipe the deficit ...you got an excuse for this one as well ?

/----/ 1. Trump was handed an anemic economy. Obozo even admitted the jobs weren't coming back and libs chimed in it's the new norm.
2.) You're seriously suggesting we're now in the worst economy ever?
3.) The overall US trade deficit fell 2.1 percent in April to $50.8 billion, seasonally adjusted — largely in line with analysts’ expectations. Trump never said it would happen overnight.

 

[Cellblock2429]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

/——-/ Well dang, that is great news. The lower corporate taxes, the more competitive they are in the world market, more sales, more revenue, more hiring, more capital equipment and lower consumer prices. Incredible.


Sent from my iPhone using USMessageBoard.com

Uhm, except revenue keeps falling. That is the point that is being made. It's ok we are here to help ewe for the rest of the week.

/----/ Uhm NO. Wrong again as usual. Don't you ever get tired of being wrong?
U.S. Tax Revenue by Year
Here's a record of income for each fiscal year.

• FY 2020 - $3.64 trillion, budgeted.
• FY 2019 - $3.44 trillion, estimated.
• FY 2018 - $3.33 trillion.
• FY 2017 - $3.32 trillion.

Who Really Pays Uncle Sam's Bills?

 

[Claudette]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

GOOD NEWS,,,

anytime a person or company gets to keep more of their own money and the government gets less is a good thing,,

Yup. To bad idiots like the Op don't see it that way. Apparently they like their money going to Government.

You can't cure stupid.

 

[Toddsterpatriot]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

GOOD NEWS,,,

anytime a person or company gets to keep more of their own money and the government gets less is a good thing,,

And trump still added trillions to the debt. Money he doesnt have.

Again, each President has added to the debt, in that respect Trump is no different than any other President. Suck it up you lost!

Well he had was handed a great economy and managed to be one of the worst if not the worst. But you know what is the most in all of this ? The orange liar promised he will cut or even wipe the deficit ...you got an excuse for this one as well ?

Since every Federal Reserve Note is borrowed into existence, where does the "money" come from to pay the interest? Can you pull 11 marbles out of a bag that only contains ten to begin with? That is why we have inflation because this fiat currency as to expand exponentially in order to service the debt to a (snicker) "Central Bank" that extended credit from an empty vault/checkbook. It certainly explains why the debt of the entire world with a central bank (owned by the same oligarchs) totals over 260 TRILLION dollars. You have much to learn, my friend......

Since every Federal Reserve Note is borrowed into existence, where does the "money" come from to pay the interest?

The Fed doesn't loan out FRNs.

Can you pull 11 marbles out of a bag that only contains ten to begin with?

No, but I can pay my mortgage every month out of my paycheck.

That is why we have inflation because this fiat currency as to expand exponentially in order to service the debt

LOL!

Can you pull 11 gold coins out of a bag that only contains ten to begin with?​

How did people ever borrow money under the gold standard?​

 

[Harpy Eagle]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

GOOD NEWS,,,

anytime a person or company gets to keep more of their own money and the government gets less is a good thing,,

Yup. To bad idiots like the Op don't see it that way. Apparently they like their money going to Government.

You can't cure stupid.

It would be a good thing if our government were not spending us in to oblivion.

People who support deficit spending are nothing but freeloaders screwing over the next generations.


Sent from my iPhone using USMessageBoard.com

 

[Hutch Starskey]

It's not theft. Our culture has evolved to understand that anyone at anytime could face hardships and that it is better for society to assist during those periods of hardship. It's a social contract that is available to you and yours if the need arises.
You should be grateful that you don't need it rather than begrudging others for their struggles.

Interesting point of view. One wonders if it's a sign that a culture has "evolved" when people in that culture feel that they deserve a "living wage" without working! I would argue that is a sign that said culture has begun a death spiral.

It's certainly a sign that our economy is not working for the majority of Americans any longer. There wouldn't need to be any discussions of support if people earned a wage they could live and thrive on.

When you don't want to work but expect that society "owes" you a living wage...how is that in any way a reflection on how well the economy is working?

My question for you is a simple one. Why should anyone expect to "thrive" when they aren't willing to work?

It's not based on a willingness to work, liar.

You obviously haven't gotten the latest memos from your fellow progressives, Hutch! You guys are going hard left! Your newest additions to the Congress think that college should be free...healthcare should be free...and that everyone should get a "living wage" whether they work or not!

Which then means it's not based on a willingness to work, dope.

 

[Papageorgio]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

GOOD NEWS,,,

anytime a person or company gets to keep more of their own money and the government gets less is a good thing,,

And trump still added trillions to the debt. Money he doesnt have.

Again, each President has added to the debt, in that respect Trump is no different than any other President. Suck it up you lost!

Well he had was handed a great economy and managed to be one of the worst if not the worst. But you know what is the most in all of this ? The orange liar promised he will cut or even wipe the deficit ...you got an excuse for this one as well ?

I’m not making any excuses, every Presidential candidate talks about cutting the debt and none have. All promise they will, none have.

Again in this regard Trump is no different than any other President. Obama failed, Bush, failed, Clinton failed, Bush failed, Reagan failed, Carter failed, Ford failed, Nixon failed Johnson failed, Kennedy failed, Eisenhower failed, Truman failed, see a pattern?

If all promised to cut the debt and all have failed, Trump is no better or worse than all the others.

Pretty easy to see unless you are just a hater, which seems to be your pattern.

 

[BluesLegend]

Time to slash spending.

The OP's head just exploded. lol

Too bad for you Trump's annual spending has been the biggest in human history. lol

And now the dumbass has exacerbated the problem by lowering revenues for the first time since the Great Recession. In a supposedly booming economy.

It's takes a special kind of retard to achieve that.

Go ahead run on raising taxes so I can laugh in your face.

 

[caddo kid]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

GOOD NEWS,,,

anytime a person or company gets to keep more of their own money and the government gets less is a good thing,,

And trump still added trillions to the debt. Money he doesnt have.

Again, each President has added to the debt, in that respect Trump is no different than any other President. Suck it up you lost!

Well he had was handed a great economy and managed to be one of the worst if not the worst. But you know what is the most in all of this ? The orange liar promised he will cut or even wipe the deficit ...you got an excuse for this one as well ?

I’m not making any excuses, every Presidential candidate talks about cutting the debt and none have. All promise they will, none have.

Again in this regard Trump is no different than any other President. Obama failed, Bush, failed, Clinton failed, Bush failed, Reagan failed, Carter failed, Ford failed, Nixon failed Johnson failed, Kennedy failed, Eisenhower failed, Truman failed, see a pattern?

If all promised to cut the debt and all have failed, Trump is no better or worse than all the others.

Pretty easy to see unless you are just a hater, which seems to be your pattern.

So, you are only making excuses for Trump's lies during the campaign; that is obvious.

 

[Harpy Eagle]

Time to slash spending.

The OP's head just exploded. lol

Too bad for you Trump's annual spending has been the biggest in human history. lol

And now the dumbass has exacerbated the problem by lowering revenues for the first time since the Great Recession. In a supposedly booming economy.

It's takes a special kind of retard to achieve that.

Go ahead run on raising taxes so I can laugh in your face.

Why are you such a free loader?


Sent from my iPhone using USMessageBoard.com

 

[Cellblock2429]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

GOOD NEWS,,,

anytime a person or company gets to keep more of their own money and the government gets less is a good thing,,

And trump still added trillions to the debt. Money he doesnt have.

Again, each President has added to the debt, in that respect Trump is no different than any other President. Suck it up you lost!

Well he had was handed a great economy and managed to be one of the worst if not the worst. But you know what is the most in all of this ? The orange liar promised he will cut or even wipe the deficit ...you got an excuse for this one as well ?

I’m not making any excuses, every Presidential candidate talks about cutting the debt and none have. All promise they will, none have.

Again in this regard Trump is no different than any other President. Obama failed, Bush, failed, Clinton failed, Bush failed, Reagan failed, Carter failed, Ford failed, Nixon failed Johnson failed, Kennedy failed, Eisenhower failed, Truman failed, see a pattern?

If all promised to cut the debt and all have failed, Trump is no better or worse than all the others.

Pretty easy to see unless you are just a hater, which seems to be your pattern.

/---/ That's odd - since the power to cut or increase the debt lies solely with the Congress. All the president can do is make recommendations.