So Biden wants to raise taxes that Trump lowered... what can be the net effect???

[Dragonlady]

Tell you what! I know I have more balls than you because I document my comments! You make statements with NO proof!
I maybe a fuck up but at least I'm morally stronger than you, evidently more intelligent and definitely more HONEST because you never
make any comment with any substantiation! Which means are we to just take YOUR word? Who the hell are YOU FHONY FAWN?

You come here and LIE every single day about the economy and climate change, posting known Russian and Chinese propaganda, day after day, and then you try to claim the moral high ground because you link your lies to Questionable Sources and research funded by Big Oil????

You have NO morality, and NO honesty at all, Chicken Little. You're advocating against common sense solutions to real problems.

 

[Dagosa]

First of all you stupidly don’t define “taxes went up”! You mean more tax revenue came in? YES! As I’ve shown. Also you are like a little kid who thinks the minute someone says want an ice cream cone you and the kid don’t seem to comprehend the process of preparing a cone MUCH less a tax reduction effect doesn’t mean the day passed means immediately the effect occurs understand?

Where is your proof? Who the hell are you and what are your sources for your unproven comments?

First of all you stupidly don’t define “taxes went up”! You mean more tax revenue came in? YES! As I’ve shown. Also you are like a little kid who thinks the minute someone says want an ice cream cone you and the kid don’t seem to comprehend the process of preparing a cone MUCH less a tax reduction effect doesn’t mean the day passed means immediately the effect occurs understand?

Where is your proof? Who the hell are you and what are your sources for your unproven comments?

Dufus, THE CBO posted Trump hit a record high 3.2 trillion in deficit spending to close out his last year. Biden will close out this year at 1.4 trillion.

Dufus, You cut taxes on the rich, YOU increase deficits. dah.,

 

[healthmyths]

Dufus, THE CBO posted Trump hit a record high 3.2 trillion in deficit spending to close out his last year. Biden will close out this year at 1.4 trillion.

Dufus, You cut taxes on the rich, YOU increase deficits. dah.,

And who the hell are YOU? Oh yea I bet you still believe Trump said drink bleach right, even after I've provided the links that Biden said that here..FACTS things you seem to have no knowledge of how to provide!
Joe Biden said: "maybe if you drank bleach you may be okay!

No, Trump didn’t tell Americans infected with the coronavirus to drink bleach

Joe Biden criticized President Donald Trump’s handling of the coronavirus pandemic, saying during a speech on the econom

www.politifact.com

Under our central estimate, we found the Trump plan would cost nearly $5 trillion and increase the national debt to 125 percent of Gross Domestic Product (GDP) by 2030,
while the Biden plan would cost $5.6 trillion and increase debt to 127 percent of GDP by 2030.

The Cost of the Trump and Biden COVID Response Plans | Committee for a Responsible Federal Budget

The COVID pandemic has caused considerable economic damage and human suffering.

www.crfb.org

 

[struth]

Dufus, THE CBO posted Trump hit a record high 3.2 trillion in deficit spending to close out his last year. Biden will close out this year at 1.4 trillion.

Dufus, You cut taxes on the rich, YOU increase deficits. dah.,

Holly crap, 1.4 and he’s not even dealing with something like a global pandemic or a world war?

 

[Dagosa]

Holly crap, 1.4 and he’s not even dealing with something like a global pandemic or a world war?

Holy crap illiterate, Biden still dealt with a global pandemic after 2020 along with Trump’s recession. He passed infrastructure and recovery act and still reduced the deficit…..were you asleep ? Bubba

 

[struth]

Holy crap illiterate, Biden still dealt with a global pandemic after 2020 along with Trump’s recession. He passed infrastructure and recovery act and still reduced the deficit…..were you asleep ? Bubba

We are talking about today. We stopped spending on the pandemic.

And he still has a deficit of over a trillion…is that because of the infraucture act? And we still have bridges falling down?

 

[Dagosa]

We are talking about today. We stopped spending on the pandemic.

And he still has a deficit of over a trillion…is that because of the infraucture act? And we still have bridges falling down?

Foolish, Trump was at 3 trillion in 2020. You know why it was so high? Bubba, the Fed was strapped for money with his tax cuts for millionaires. The tax cuts have been mitigated so foolish, regardless, the deficits drops. BIDEN DID NIOT DECREASE SPENDING, had covid to deal with and passed two major programs. And neither has any other president cut spending. Learn to add.

We’ve been doing this since Reagan. Huge tax cuts, recession, Dems come in and restore fiscal sanity.

 

[struth]

Foolish, Trump was at 3 trillion in 2020. You know why it was so high? Bubba, the Fed was strapped for money with his tax cuts for millionaires. The tax cuts have been mitigated so foolish, regardless, the deficits drops. BIDEN DID NIOT DECREASE SPENDING, had covid to deal with and passed two major programs. And neither has any other president cut spending. Learn to add.

We’ve been doing this since Reagan. Huge tax cuts, recession, Dems come in and restore fiscal sanity.

The Fed? Haha thanks for highlighting how clueless you are

 

[Dagosa]

The Fed? Haha thanks for highlighting how clueless you are

That’s it…you concede you’re slow.

 

[struth]

That’s it…you concede you’re slow.

I don’t speak idiot, that’s for sure

The facts are clear xiden has over a trillion dollar deficit and he’s not even dealing with a global pandemic, you claimed it was from his infrastructure bill, that has lead to bridges falling down, not border infrautture

And of course you think the fed gets strapped for case because you don’t know the difference between the fed and the US Tresuary

You are an idiot

 

[Dagosa]

I don’t speak idiot, that’s for sure

The facts are clear xiden has over a trillion dollar deficit and he’s not even dealing with a global pandemic, you claimed it was from his infrastructure bill, that has lead to bridges falling down, not border infrautture

And of course you think the fed gets strapped for case because you don’t know the difference between the fed and the US Tresuary

You are an idiot

You are naive. He dealt with a pandemic exacerbated by Trump. Geesus bozo. Trump handed him a pandemic and a recession…

 

[Stann]

Folks... I deal with the facts... Go through the following screen shot of a downloaded spreadsheet from the IRS at this site:

SOI Tax Stats - IRS Data Book | Internal Revenue Service

Look here for the IRS Data Book (Publication 55B), with links to prior IRS Data Books. The tables shown in these publications contain statistics for IRS collections and refunds, as well as number of returns. There's also information on examination activities, taxpayer assistance, chief counsel...

www.irs.gov

Trump gross Federal tax revenue from 2018-2021 was $14.6 Trillion versus Obama's $6.98 Trillion or nearly 109% increase over Obama's revenue from 2014-2017... and the reason is that ANY increases or decreases in federal revenue is FUTURE effect, i.e. Obama's budget and tax policies in 2016 would affect Trump's 2017 so any 2017 revenue is from Obama. So to would Trump's EFFECT be from 2018 (Trump's Tax policies) to 2021. AND remember look at the federal revenue for 2020... total shutdown of the economy!
So please tell me again how bad Trump was especially with the Tax Repatriation that brought $1 Trillion back that paid taxes on that $1 Trillion and then the offshore money went to work in stock buybacks, new facilities, new hires... everything that caused the tax revenue to increase 109% over Obama!
View attachment 684312

trump took advantage of the stable growing economy Obama left him ( Obama wasn't so lucky following Bush and the recession that he left him. ) and dangerously tweaked the economy while at the same time reducing the federal tax income which put US on dangerous ground. The repercussions are still being felt today but don't worry Biden is working hard once again correcting what a Republican president did.

 

[struth]

You are naive. He dealt with a pandemic exacerbated by Trump. Geesus bozo. Trump handed him a pandemic and a recession…

Exacerbated by trump? Haha

Trump gave the nation vaccines in warp speed to deal with the new virus, xiden have the country record deaths and then surrendered saying there was no federal solution

But I don’t expect you to acknowledge those facts, you don’t even know the difference between the Fed and the US Tres

 

[Stann]

I don’t speak idiot, that’s for sure

The facts are clear xiden has over a trillion dollar deficit and he’s not even dealing with a global pandemic

It's funny you don't speak your native language. Plus most of Trump's 8 trillion dollar deficit spending occurred before the pandemic started. Biden is a frugal spender when it comes to public funds. trump wasn't.

 

[Faun]

And who the hell are YOU? Oh yea I bet you still believe Trump said drink bleach right, even after I've provided the links that Biden said that here..FACTS things you seem to have no knowledge of how to provide!
Joe Biden said: "maybe if you drank bleach you may be okay!

No, Trump didn’t tell Americans infected with the coronavirus to drink bleach

Joe Biden criticized President Donald Trump’s handling of the coronavirus pandemic, saying during a speech on the econom

www.politifact.com

Under our central estimate, we found the Trump plan would cost nearly $5 trillion and increase the national debt to 125 percent of Gross Domestic Product (GDP) by 2030,
while the Biden plan would cost $5.6 trillion and increase debt to 127 percent of GDP by 2030.

The Cost of the Trump and Biden COVID Response Plans | Committee for a Responsible Federal Budget

The COVID pandemic has caused considerable economic damage and human suffering.

www.crfb.org

Are you playing with numbers again?? You injure yourself everytime you do.

 

[struth]

It's funny you don't speak your native language. Plus most of Trump's 8 trillion dollar deficit spending occurred before the pandemic started. Biden is a frugal spender when it comes to public funds. trump wasn't.

Xiden on a record pace to out spend trump by the end of his term, and that’s without dealing with a global pandemic

Why do you lie?

 

[Stann]

Xiden on a record pace to out spend trump by the end of his term, and that’s without dealing with a global pandemic

Why do you lie?

No way , the republicans are keeping track of every dime he spends and Congress holds the purse strings. Too bad they didn't do that when trump almost doubled the national debt. When trump entered the White House the national debt was just under 20 trillion , when he left office it was $28 trillion. Biden is about to end his first term and it is approaching $34 trillion. Not much better but better than trump did and he had to clean up a lot of trump's messes.

 

[struth]

No way , the republicans are keeping track of every dime he spends and Congress holds the purse strings. Too bad they didn't do that when trump almost doubled the national debt

Yes way, the gop has only been in charge of one chamber for about a year, while they have certainly been able to help slow down the money train it won’t be enough to undo the reckless spending of the xiden admin

 

[healthmyths]

It does not explain why taxes went up every year even during Trump, yet we know why they fell in 2020.

First of all you stupidly don’t define “taxes went up”! You mean more tax revenue came in? YES! As I’ve shown. Also you are like a little kid who thinks the minute someone says want an ice cream cone you and the kid don’t seem to comprehend the process of preparing a cone MUCH less a tax reduction effect doesn’t mean the day passed means immediately the effect occurs understand?

trump took advantage of the stable growing economy Obama left him ( Obama wasn't so lucky following Bush and the recession that he left him. ) and dangerously tweaked the economy while at the same time reducing the federal tax income which put US on dangerous ground. The repercussions are still being felt today but don't worry Biden is working hard once again correcting what a Republican president did.

Obama CAUSED the "great recession" and I experienced and lived through IT!!!
FACT:
The root cause was excessive mortgage lending to borrowers who normally would not qualify for a home loan,

2008 Recession: What it Was and What Caused It

The Great Recession was a sharp decline in economic activity from 2007-2009 and was the largest economic downturn since the Great Depression.

www.investopedia.com

The cause of the great recession...
1) Obama as a lawyer filed the "redlining" lawsuit in 1995 against Citibank.
FACT: Obama leverage the 1995 lawsuit against Citibank in Chicago that caused the housing collapse!"
That settlement was only the tip of the iceberg. When Citibank, in April 1998, sought federal approval for a merger with Travelers Group, it only got OK from the Clinton administration progressives after it promised
in May to provide $115 billion for anti-redlining loans. Subprime Bubble: Obama 'Vampire Socialism' Built It

Subprime Bubble: Obama 'Vampire Socialism' Built It

Housing Crisis: Previously unpublished court documents reveal that as a young lawyer from Chicago, President Obama's lawsuit against big banks started inflating the housing bubble that created the mess he... Read More

www.investors.com

Barney Frank and his boyfriend's role... and Fannie/Freddie!
2) Barney Frank Used Influence with Fannie Mae, the Failed Mortgage Giant Bailed Out by Taxpayers"
Former House Banking Committee Chairman Barney Frank (D-Mass.) tenaciously opposed efforts to reform Fannie Mae and Freddie Mac, the government-sponsored mortgage giants that were bailed out at a cost to taxpayers of between $148 billion and $363 billion.
Now it turns out that he got his boyfriend a “handsomely rewarded gig at Fannie Mae” while Frank “was helping to inflate the housing bubble” by pushing affordable housing mandates and policies that encouraged Fannie Mae to buy up risky mortgages.

Fannie Mae and Freddie Mac engaged in massive accounting fraud and other abuses.
But Fannie Mae’s collapse was not entirely due to bad policies of its own making.
Pressure from liberal lawmakers like Barney Frank to buy up risky mortgages was also a factor in triggering the mortgage crisis, judging from a story in the New York Times.
For example, “a high-ranking Democrat telephoned executives and screamed at them to purchase more loans from low-income borrowers, according to a Congressional source.” The executives of government-backed mortgage giants Fannie Mae and Freddie Mac “eventually yielded to those pressures, effectively wagering that if things got too bad, the government would bail them out.”
As the New York Times noted, That law, the Dodd-Frank Act, harms the economy, and violates both the Constitution’s separation of powers, and private property and equal-protection rights.

Barney Frank Used Influence with Fannie Mae, the Failed Mortgage Giant Bailed Out by Taxpayers - Competitive Enterprise Institute

Former House Banking Committee Chairman Barney Frank (D-Mass.) tenaciously opposed efforts to reform Fannie Mae and Freddie Mac, the government-sponsored mortgage giants that were bailed out at a cost to taxpayers of between $148 billion and $363 billion. Now it turns out that he got his...

cei.org

BUT NOTE Barney Frank in 2021 he re-canted his support for Fannie and Freddie MAE!!
This is what Frank said in 2021.... after he and his boyfriend profited !
...in a recent CNBC interview, Frank told me that he was ready to say goodbye to Fannie and Freddie.
"I hope by next year we'll have abolished Fannie and Freddie," he said. Remarkable. And he went on to say that "it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it."
He then added, "I had been too sanguine about Fannie and Freddie."

Barney Frank Comes Home to the Facts | RealClearPolitics

Can you teach an old dog new tricks? In politics, the answer is usually no. Most elected officials cling to their ideological biases, despite the real-world facts that disprove their theories time...

www.realclearpolitics.com

So please read the links!
READ the facts.
The whole "Great Recession" that you uninformedly say (Obama wasn't so lucky following Bush and the recession that he left him. ) was caused by Obama's 1995 Citibank lawsuit that gave poor credit holders funding for "Flipping", i.e.a real estate investment strategy where an investor purchases a property with the intention of selling it for a profit rather than using it.
FACT: The housing sector led not only the financial crisis, but also the downturn in broader economic activity. Residential investment peaked in 2006, as did employment in residential construction.

The Great Recession and Its Aftermath

Explore the Federal Reserve's history

www.federalreservehistory.org

 

[Stann]

Xiden on a record pace to out spend trump by the end of his term, and that’s without dealing with a global pandemic

Why do you lie?

Why do you keep lying .