Where are the Fiscal Conservatives? GOP Tax Bill Adds $1.7T to Debt

[OKTexas]

"The GOP’s tax bill would add $1.7 trillion to the national debt over the course of a decade, and increase the country’s debt-to-GDP ratio by 5.9 percentage points, according to the Congressional Budget Office."

GOP tax bill would add $1.7 trillion to debt: CBO

So where are those tea party conservatives that ran on a very strict ‘we will not add to the federal debt/deficit!’

Clearly, that policy does not apply to tax breaks for corporations and the already wealthy.

First static scoring is BS, you can't discount the growth this bill will cause. Second debt and deficit are two different animals. The deficit is calculated against the budget which only accounts for about 30% of federal spending. Off budget spending accounts for most of the debt.


.

Yeah, just keep denying Trump and GOP will add to the debt with their plan.

If the name "Obama" was in this picture, you'd be howling and grinding your teeth.

"If someone has a D after their name, they can never do anything right, but if they have an R after their name, they can never do wrong."

So you're saying that if the economy expands dramatically it won't increase revenues to the government?


.

"Expands dramatically".

So your hopes are resting on a pipe dream!

And STILL no criticism of increased debt by the GOP!

The last three quarters GDP were almost 50% higher than your dear leaders average. If they get an increase of another 30% to 4% growth that will put it at 100% of maobamas average. I'd call that dramatic and totally plausible, it could possibly be higher. If that were the case there would be no increase in the debt if spending stays at current levels.


.

 

[AntonToo]

So you're saying that if the economy expands dramatically it won't increase revenues to the government?


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When have tax cuts not added to the debt?

When Kennedy cut top marginal tax from 90% to 60% and maybe PART of Reagan's taxes as people spent less on accountants and lawyers and more on paying taxes, everything since then is bathed in red ink.

Yes JKF and Carter did some of the biggest tax cuts, but you will not see that in any far left chart!

Yes, please tell us how you agree with JFK and his 60% marginal tax rate

Obviously you are ok with it, because you never include it in any of your far left religious dogma rants!

What don't I include? Idiot, it WAS ME THAT POSTED ABOUT JFK's tax-cuts right here in this thread!

Dogma is when you believe that tax-cuts are ALWAYS a fix-all policy, rain or shine, in times of surplus or growing deficits as far as the eye can see.

Sanity is understanding that one tax rate is NOT like another tax rate and that tax-cutting from 90% IS NOT like tax-cutting from 39%. Sanity is understanding that when we blow a trillion dollars on elective wars in the midst of huge deficits we ought to PAY FOR IT, instead of passing yet another round of tax-cuts.

 

[Kosh]

When have tax cuts not added to the debt?

When Kennedy cut top marginal tax from 90% to 60% and maybe PART of Reagan's taxes as people spent less on accountants and lawyers and more on paying taxes, everything since then is bathed in red ink.

Yes JKF and Carter did some of the biggest tax cuts, but you will not see that in any far left chart!

Yes, please tell us how you agree with JFK and his 60% marginal tax rate

Obviously you are ok with it, because you never include it in any of your far left religious dogma rants!

What don't I include? Idiot, it WAS ME THAT POSTED ABOUT JFK's tax-cuts right here in this thread!

Dogma is when you believe that tax-cuts are ALWAYS a fix-all policy, rain or shine, in times of surplus or growing deficits as far as the eye can see.

Sanity is understanding that one tax rate is NOT like another tax rate and that tax-cutting from 90% IS NOT like tax-cutting from 39%.

Your lie of chart only included Bush, not JFK or Carters which were much larger than anything Bush did!

Obama signs bill to extend Bush-era tax cuts for two more years

Once again the far left is ok with tax cuts as long as a (D) does it!

 

[Brain357]

"The GOP’s tax bill would add $1.7 trillion to the national debt over the course of a decade, and increase the country’s debt-to-GDP ratio by 5.9 percentage points, according to the Congressional Budget Office."

GOP tax bill would add $1.7 trillion to debt: CBO

So where are those tea party conservatives that ran on a very strict ‘we will not add to the federal debt/deficit!’

Clearly, that policy does not apply to tax breaks for corporations and the already wealthy.

First static scoring is BS, you can't discount the growth this bill will cause. Second debt and deficit are two different animals. The deficit is calculated against the budget which only accounts for about 30% of federal spending. Off budget spending accounts for most of the debt.


.

Yeah, just keep denying Trump and GOP will add to the debt with their plan.

If the name "Obama" was in this picture, you'd be howling and grinding your teeth.

"If someone has a D after their name, they can never do anything right, but if they have an R after their name, they can never do wrong."

So you're saying that if the economy expands dramatically it won't increase revenues to the government?


.

"Expands dramatically".

So your hopes are resting on a pipe dream!

And STILL no criticism of increased debt by the GOP!

The last three quarters GDP were almost 50% higher than your dear leaders average. If they get an increase of another 30% to 4% growth that will put it at 100% of maobamas average. I'd call that dramatic and totally plausible, it could possibly be higher. If that were the case there would be no increase in the debt if spending stays at current levels.


.

Yeah those bush cuts lead to such a strong economy

 

[OKTexas]

9

"The GOP’s tax bill would add $1.7 trillion to the national debt over the course of a decade, and increase the country’s debt-to-GDP ratio by 5.9 percentage points, according to the Congressional Budget Office."

GOP tax bill would add $1.7 trillion to debt: CBO

So where are those tea party conservatives that ran on a very strict ‘we will not add to the federal debt/deficit!’

Clearly, that policy does not apply to tax breaks for corporations and the already wealthy.

First static scoring is BS, you can't discount the growth this bill will cause. Second debt and deficit are two different animals. The deficit is calculated against the budget which only accounts for about 30% of federal spending. Off budget spending accounts for most of the debt.


.

Yeah, just keep denying Trump and GOP will add to the debt with their plan.

If the name "Obama" was in this picture, you'd be howling and grinding your teeth.

"If someone has a D after their name, they can never do anything right, but if they have an R after their name, they can never do wrong."

So you're saying that if the economy expands dramatically it won't increase revenues to the government?


.

Thank you. At least the blush is off the rose. However, NO legit economist contends the tax cut will produce revenues outweighing the debt increases. Even so, the debt might be acceptable if wages for worker rose appreciably. Btu again no economic argument supports that happening. And instead at least some middle income earners would actually see a tax hike when all .1% and 1% people would save hundreds of thousands, if not millions, per year.

There are no accurate legit economist, if you look at forecasts during the previous regime headlines always say economist surprised or economist stunned. My crystal ball is more accurate than most economist. The same can be said about the CBO.


.

 

[AntonToo]

When Kennedy cut top marginal tax from 90% to 60% and maybe PART of Reagan's taxes as people spent less on accountants and lawyers and more on paying taxes, everything since then is bathed in red ink.

Yes JKF and Carter did some of the biggest tax cuts, but you will not see that in any far left chart!

Yes, please tell us how you agree with JFK and his 60% marginal tax rate

Obviously you are ok with it, because you never include it in any of your far left religious dogma rants!

What don't I include? Idiot, it WAS ME THAT POSTED ABOUT JFK's tax-cuts right here in this thread!

Dogma is when you believe that tax-cuts are ALWAYS a fix-all policy, rain or shine, in times of surplus or growing deficits as far as the eye can see.

Sanity is understanding that one tax rate is NOT like another tax rate and that tax-cutting from 90% IS NOT like tax-cutting from 39%.

Your lie of chart only included Bush, not JFK or Carters which were much larger than anything Bush did!

Obama signs bill to extend Bush-era tax cuts for two more years

Once again the far left is ok with tax cuts as long as a (D) does it!

Quote me agreeing with extension of Bush's tax-cuts. You can't and you won't because all you are good for is bullshit you pull directly out of your ass. You will find me agreeing with him at least expiring marginal tax rate from 35 back to 39%. At least he did that and a very good argument can be made that any more than that would be a political disaster.

I also know that I never have, and never will, see you CREDIT Obama for extending tax-cutting policy YOU LOVE.

You are a two bit politico nutter with zero respect for consistency.

 

[OKTexas]

"The GOP’s tax bill would add $1.7 trillion to the national debt over the course of a decade, and increase the country’s debt-to-GDP ratio by 5.9 percentage points, according to the Congressional Budget Office."

GOP tax bill would add $1.7 trillion to debt: CBO

So where are those tea party conservatives that ran on a very strict ‘we will not add to the federal debt/deficit!’

Clearly, that policy does not apply to tax breaks for corporations and the already wealthy.

First static scoring is BS, you can't discount the growth this bill will cause. Second debt and deficit are two different animals. The deficit is calculated against the budget which only accounts for about 30% of federal spending. Off budget spending accounts for most of the debt.


.

Yeah, just keep denying Trump and GOP will add to the debt with their plan.

If the name "Obama" was in this picture, you'd be howling and grinding your teeth.

"If someone has a D after their name, they can never do anything right, but if they have an R after their name, they can never do wrong."

So you're saying that if the economy expands dramatically it won't increase revenues to the government?


.

When have tax cuts not added to the debt?

The Reagan tax cuts more than doubled revenue, the problem spending almost did the same.


.

 

[AntonToo]

"The GOP’s tax bill would add $1.7 trillion to the national debt over the course of a decade, and increase the country’s debt-to-GDP ratio by 5.9 percentage points, according to the Congressional Budget Office."

GOP tax bill would add $1.7 trillion to debt: CBO

So where are those tea party conservatives that ran on a very strict ‘we will not add to the federal debt/deficit!’

Clearly, that policy does not apply to tax breaks for corporations and the already wealthy.

First static scoring is BS, you can't discount the growth this bill will cause. Second debt and deficit are two different animals. The deficit is calculated against the budget which only accounts for about 30% of federal spending. Off budget spending accounts for most of the debt.


.

Yeah, just keep denying Trump and GOP will add to the debt with their plan.

If the name "Obama" was in this picture, you'd be howling and grinding your teeth.

"If someone has a D after their name, they can never do anything right, but if they have an R after their name, they can never do wrong."

So you're saying that if the economy expands dramatically it won't increase revenues to the government?


.

When have tax cuts not added to the debt?

The Reagan tax cuts more than doubled revenue, the problem spending almost did the same.
.

Come on buddy, if his tax-cuts "doubled revenue" why did he and hs successors chased it up with tax raises and not more tax-cuts?

Because they didn't is the simple answer. Debt EXPLODED under Reagan, yet conservatives still refer him as a model of economic genius. Which of course only makes sense if we think of the movement as a tax-cut cult.

 

[Brain357]

"The GOP’s tax bill would add $1.7 trillion to the national debt over the course of a decade, and increase the country’s debt-to-GDP ratio by 5.9 percentage points, according to the Congressional Budget Office."

GOP tax bill would add $1.7 trillion to debt: CBO

So where are those tea party conservatives that ran on a very strict ‘we will not add to the federal debt/deficit!’

Clearly, that policy does not apply to tax breaks for corporations and the already wealthy.

First static scoring is BS, you can't discount the growth this bill will cause. Second debt and deficit are two different animals. The deficit is calculated against the budget which only accounts for about 30% of federal spending. Off budget spending accounts for most of the debt.


.

Yeah, just keep denying Trump and GOP will add to the debt with their plan.

If the name "Obama" was in this picture, you'd be howling and grinding your teeth.

"If someone has a D after their name, they can never do anything right, but if they have an R after their name, they can never do wrong."

So you're saying that if the economy expands dramatically it won't increase revenues to the government?


.

When have tax cuts not added to the debt?

The Reagan tax cuts more than doubled revenue, the problem spending almost did the same.


.

And how do you know the spending didn't fund the revenue? Lots of defense spending means defense contractors pay more taxes.

 

[OKTexas]

No one has answered the question. Where are the fiscal conservatives who whined all these years about the debt?
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"They're dead Jim"

....but beyond the "debt accumulation be damned attitude" of the GOP HoR Congress Critters, the Republican pom-pom waivers should be looking at the details of what the HoR is proposing.

1. The Top Bracket is staying @ 39.6% EXCEPT the house bill includes a surcharge on incomes over $1 million, which effectively creates a new top bracket of 45.6% .. that's right GOP'ers are proposing to raise taxes on the "job creators"...

2. With the proposed elimination of SALT and Medical Deductions, taxes are going to increase for some in the middle as well... that's right the GOP'ers are proposing to raise taxes on the "middle"

3. Apparently the elimination of the O'Care Individual Mandate would raise revenues except the Republicrats are worried that would lose support in the Senate... that's right, all those "We're going to Repeal O'Care" promises from the GOP'ers.. just bullshit, they won't even repeal the Individual Mandate when it'll help them hit their own tax "reform" deficit target.

Right now the GOP Congress critters are scrambling to find ways to raise additional revenue to hit the deficit target but apparently nobody over in "fiscal conservative, small government" land is looking for ways to solve the BIG fucking problem... SPENDING.

So the GOP "base" is getting a good fucking over by the unprincipled dickweeds they voted for, they're try to do all these things they told you they were against, with Republicans like these who needs Democrats?

"You been had, you been took, you been hoodwinked, bamboozled, led astray, run amok" -- Malcolm X

The majority of middle class won't be itemizing, so doing away with the SALT deductions won't matter to them, those deductions disproportionately advantage the wealthy.


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[AntonToo]

The last three quarters GDP were almost 50% higher than your dear leaders average.
.

Bald faced bullshit.

Let's play a game - SPOT THE TRUMP BOOM!

Do you see any of the supposed boom you say GDP numbers show? No you can't, the trend looks pretty unremarkable, so please stop spreading these falsehoods.

Trump's annualized GDP for 2017 is 2.6%, which is yet to even match Obama's best calendar year, never mind your ridiculous assertion that it was 50% higher.

 

[jillian]

"The GOP’s tax bill would add $1.7 trillion to the national debt over the course of a decade, and increase the country’s debt-to-GDP ratio by 5.9 percentage points, according to the Congressional Budget Office."

GOP tax bill would add $1.7 trillion to debt: CBO

So where are those tea party conservatives that ran on a very strict ‘we will not add to the federal debt/deficit!’

Clearly, that policy does not apply to tax breaks for corporations and the already wealthy.

the hacks are only fiscal conservatives when a democrat is in office.

 

[whitehall]

There is a big difference in adding 2T to the deficit when the economy is stagnant as it was during Obama and adding to the deficit during a booming economy which we have today. Give it chance lefties, it didn't bother y'all too much for the last decade.

 

[OKTexas]

First static scoring is BS, you can't discount the growth this bill will cause. Second debt and deficit are two different animals. The deficit is calculated against the budget which only accounts for about 30% of federal spending. Off budget spending accounts for most of the debt.


.

Yeah, just keep denying Trump and GOP will add to the debt with their plan.

If the name "Obama" was in this picture, you'd be howling and grinding your teeth.

"If someone has a D after their name, they can never do anything right, but if they have an R after their name, they can never do wrong."

So you're saying that if the economy expands dramatically it won't increase revenues to the government?


.

"Expands dramatically".

So your hopes are resting on a pipe dream!

And STILL no criticism of increased debt by the GOP!

The last three quarters GDP were almost 50% higher than your dear leaders average. If they get an increase of another 30% to 4% growth that will put it at 100% of maobamas average. I'd call that dramatic and totally plausible, it could possibly be higher. If that were the case there would be no increase in the debt if spending stays at current levels.


.

Yeah those bush cuts lead to such a strong economy

Deflecting already? The Bush economy did pretty well until the housing bubble burst and everyone knows who's fault that was.


.

 

[Brain357]

Yeah, just keep denying Trump and GOP will add to the debt with their plan.

If the name "Obama" was in this picture, you'd be howling and grinding your teeth.

"If someone has a D after their name, they can never do anything right, but if they have an R after their name, they can never do wrong."

So you're saying that if the economy expands dramatically it won't increase revenues to the government?


.

"Expands dramatically".

So your hopes are resting on a pipe dream!

And STILL no criticism of increased debt by the GOP!

The last three quarters GDP were almost 50% higher than your dear leaders average. If they get an increase of another 30% to 4% growth that will put it at 100% of maobamas average. I'd call that dramatic and totally plausible, it could possibly be higher. If that were the case there would be no increase in the debt if spending stays at current levels.


.

Yeah those bush cuts lead to such a strong economy

Deflecting already? The Bush economy did pretty well until the housing bubble burst and everyone knows who's fault that was.


.

I'm poInting out tax cuts do not guarantee any growth. The times there has been growth there was lots of spending.

 

[AntonToo]

The Bush economy did pretty well until the housing bubble burst and everyone knows who's fault that was.
.

...You are badly confused - it was doing well because economic bubbles have UPSIDES before the explosion of downsides begins.

 

[OKTexas]

First static scoring is BS, you can't discount the growth this bill will cause. Second debt and deficit are two different animals. The deficit is calculated against the budget which only accounts for about 30% of federal spending. Off budget spending accounts for most of the debt.


.

Yeah, just keep denying Trump and GOP will add to the debt with their plan.

If the name "Obama" was in this picture, you'd be howling and grinding your teeth.

"If someone has a D after their name, they can never do anything right, but if they have an R after their name, they can never do wrong."

So you're saying that if the economy expands dramatically it won't increase revenues to the government?


.

When have tax cuts not added to the debt?

The Reagan tax cuts more than doubled revenue, the problem spending almost did the same.
.

Come on buddy, if his tax-cuts "doubled revenue" why did he and hs successors chased it up with tax raises and not more tax-cuts?

Because they didn't is the simple answer. Debt EXPLODED under Reagan, yet conservatives still refer him as a model of economic genius. Which of course only makes sense if we think of the movement as a tax-cut cult.

Reagan let the commiecrats spend like drunk sailors as long as he got his military spending. Spending is the problem, not revenue.


.

 

[Richard-H]

"The GOP’s tax bill would add $1.7 trillion to the national debt over the course of a decade, and increase the country’s debt-to-GDP ratio by 5.9 percentage points, according to the Congressional Budget Office."

GOP tax bill would add $1.7 trillion to debt: CBO

So where are those tea party conservatives that ran on a very strict ‘we will not add to the federal debt/deficit!’

Clearly, that policy does not apply to tax breaks for corporations and the already wealthy.

I'm convinced that there is a certain sickness among Conservatives and especially Trump supporters.

They have no beliefs or principals...they just say anything that sounds good at the time.

It's all about seizing power, about domination. They have no other agenda, no beliefs other than forcing their will. The more absurd their will is the powerful they feel by forcing it.

We all remember the old game of "Say Uncle" when we were kids. Does it matter if someone says "uncle". Not in the slightest - it's all about forcing your will on someone else.

Check out Gaslighting - Wikipedia to view one of their techniques.

Another one is Chain of Command (Star Trek: The Next Generation) - Wikipedia

How many lights do you see?

 

[AntonToo]

Yeah, just keep denying Trump and GOP will add to the debt with their plan.

If the name "Obama" was in this picture, you'd be howling and grinding your teeth.

"If someone has a D after their name, they can never do anything right, but if they have an R after their name, they can never do wrong."

So you're saying that if the economy expands dramatically it won't increase revenues to the government?


.

When have tax cuts not added to the debt?

The Reagan tax cuts more than doubled revenue, the problem spending almost did the same.
.

Come on buddy, if his tax-cuts "doubled revenue" why did he and hs successors chased it up with tax raises and not more tax-cuts?

Because they didn't is the simple answer. Debt EXPLODED under Reagan, yet conservatives still refer him as a model of economic genius. Which of course only makes sense if we think of the movement as a tax-cut cult.

Reagan let the commiecrats spend like drunk sailors as long as he got his military spending. Spending is the problem, not revenue.
.

Spending causes deficits therefore tax-cuts cannot? How does that make any sense?

Revenues were down with respect to economy during Reagan years, even as economy posted solid growth.
Then we had tax raises by Reagan, Bush and Clinton and collected record revenues at the top of 90's boom,which helped bring budget as close to balanced as we had in a very long time.
That was followed by more tax cuts, DISASTROUS receipts and oceans of red ink.

History around current rates is not very complicated - when you tax-cut you increase deficits.

 

[OKTexas]

So you're saying that if the economy expands dramatically it won't increase revenues to the government?


.

"Expands dramatically".

So your hopes are resting on a pipe dream!

And STILL no criticism of increased debt by the GOP!

The last three quarters GDP were almost 50% higher than your dear leaders average. If they get an increase of another 30% to 4% growth that will put it at 100% of maobamas average. I'd call that dramatic and totally plausible, it could possibly be higher. If that were the case there would be no increase in the debt if spending stays at current levels.


.

Yeah those bush cuts lead to such a strong economy

Deflecting already? The Bush economy did pretty well until the housing bubble burst and everyone knows who's fault that was.


.

I'm poInting out tax cuts do not guarantee any growth. The times there has been growth there was lots of spending.

Reagan averaged 3.5% growth in GDP, what was your dear leaders 2%. Yep, spending is a stimulus for the short term, it usually lead to bubbles and recession in the long term, Reagan inherited a recession from Carter and Bush inherited one form wild willie.


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