Who thinks Trump's Core Economic Policy will be more Massive Tax cus to the ultra wealthy??

[JimH52]

Why do only demofks get what they want?

trump, the Mafia Boss, could not believe that he was elected to a position where he was able to pad his, already illegally inflated, income. One of the first things he did was give himself a huge tax break. He bragged about it at his little whore house, mar a lago in Florida.

Report: Trump tells wealthy friends: "You all just got a lot richer"

According to CBS, after his tax plan passed on Friday, President Trump told wealthy friends dining at Mar-a-Lago: "You all just got a lot richer."

finance.yahoo.com

Of course, that blew the deficit up about 7 trillion. But his MAGA buddies in Congress were okay with that, including the fake name Mike Johnson.

 

[Cellblock2429]

trump, the Mafia Boss, could not believe that he was elected to a position where he was able to pad his, already illegally inflated, income. One of the first things he did was give himself a huge tax break. He bragged about it at his little whore house, mar a lago in Florida.

Report: Trump tells wealthy friends: "You all just got a lot richer"

According to CBS, after his tax plan passed on Friday, President Trump told wealthy friends dining at Mar-a-Lago: "You all just got a lot richer."

finance.yahoo.com

Of course, that blew the deficit up about 7 trillion. But his MAGA buddies in Congress were okay with that, including the fake name Mike Johnson.

/——-/ You are a blithering idiot with brain rot from TDS. None of that bilge you posted is true. Where’s your fake outrage over the Biden scandals?

 

[Clipper]

Trump left office worth less than he was worth when he entered the Oval Office. The Clintons, the Obama's and the Bidens will all leave office worth millions MORE than they were worth when they started their terms in office. Your narrative falls flat on it's face, Clipper! Trump didn't even take a salary.

If Trump was worth less when he left office it was his own doing. He was advised to divest himself from them while in office but he refused.

He's been running his business ventures into the ground since he took over from his Daddy who bailed his stupid ass out numerous times.

 

[Clipper]

/——-/ You are a blithering idiot with brain rot from TDS. None of that bilge you posted is true. Where’s your fake outrage over the Biden scandals?

I have an idea. If hacks like Johnson are so bent out of shape over the debt let them pull back the tax breaks that Trump & his lackeys in Congress gave to their billionaire buddies & corporate cronies back in 2017 that has cost the treasury trillions.

Try not to soil yourself over at that idea.

 

[jc456]

I have an idea. If hacks like Johnson are so bent out of shape over the debt let them pull back the tax breaks that Trump & his lackeys in Congress gave to their billionaire buddies & corporate cronies back in 2017 that has cost the treasury trillions.

Try not to soil yourself over at that idea.

Why didn’t demofks do that?

 

[Cellblock2429]

I have an idea. If hacks like Johnson are so bent out of shape over the debt let them pull back the tax breaks that Trump & his lackeys in Congress gave to their billionaire buddies & corporate cronies back in 2017 that has cost the treasury trillions.

Try not to soil yourself over at that idea.

/——/ More lies and distortions out of your pie hole. Overspending is the cause of the debt. No way the tax cuts generated $33 trillion in debt AND YOU DAMN WELL KNOW IT.

 

[jc456]

/——/ More lies and distortions out of your pie hole. Overspending is the cause of the debt. No way the tax cuts generated $33 trillion in debt AND YOU DAMN WELL KNOW IT.

He has no soul or morals everything is available for him

 

[JimH52]

From the link below:

Taken together, the Bush tax cuts, their bipartisan extensions, and the Trump tax cuts, have cost $10 trillion since their creation and are responsible for 57 percent of the increase in the debt ratio since then. They are responsible for more than 90 percent of the increase in the debt ratio if you exclude the one-time costs for responding to COVID-19 and the Great Recession. While these one-time costs increased the level of debt, they did nothing to affect the trajectory of the debt ratio. With or without them, the United States would currently have stable debt, albeit potentially at a higher level, despite rising spending.28 In other words, these legislative changes—the Bush and Trump tax cuts—are responsible for more than 90 percent of the change in the trajectory of the debt ratio to date (see Figure 3) and will grow to be responsible for more than 100 percent of the debt ratio increase in the future. They are thus entirely responsible for the fiscal gap—the magnitude of the reduction in the primary deficit needed to stabilize the debt ratio over the long run.29

Tax Cuts Are Primarily Responsible for the Increasing Debt Ratio

Without the Bush and Trump tax cuts, debt as a percentage of the economy would be declining permanently.

www.americanprogress.org

 

[jc456]

The Bush and Trump tax cuts are the main reason for our out of control deficits as independent, non-partisan groups have estimated that they have added at least $10T to the deficit.

Republicans have the nerve to complain about deficits and even shut down the government, but their tax cuts and big spending bills are the reason the deficit is so large.
In 1993 Bill Clinton passed the deficit reduction act that raised taxes on the wealthy, cut military and other spending, and gave us the Bill Clinton balanced Budget.
GW Bush and Trump did the complete opposite of Bill Clinton and handed out trillions in tax cuts to the ultra wealthy and jacked up military and other spending massively. Bush and the GOP destroyed the balanced budget, ruined it with their policy, then Trump turned it into a $3T/yr deficit. In 2000 to start the Bush presidency we had a balanced budget, at the end of the failed Trump presidency we had $3T/yr deficits. Bush and Trump bankrupted America and their massive tax cuts to the ultra wealthy were the main reason why.

I bet Trump is going to have the same economic policy of more massive tax cuts that blow up the deficit even more. Then the republicans are going to try and blame the democrats for all the debt that the republicans create.

Tax Cuts Are Primarily Responsible for the Increasing Debt Ratio

Without the Bush and Trump tax cuts, debt as a percentage of the economy would be declining permanently.

www.americanprogress.org

can you prove that there's less money received in tax dollars?

 

[Oldestyle]

If Trump was worth less when he left office it was his own doing. He was advised to divest himself from them while in office but he refused.

He's been running his business ventures into the ground since he took over from his Daddy who bailed his stupid ass out numerous times.

Donald Trump became a billionaire, Clipper. Fred Trump was never in the same stratosphere as his son.

 

[Toddsterpatriot]

From the link below:

Taken together, the Bush tax cuts, their bipartisan extensions, and the Trump tax cuts, have cost $10 trillion since their creation and are responsible for 57 percent of the increase in the debt ratio since then. They are responsible for more than 90 percent of the increase in the debt ratio if you exclude the one-time costs for responding to COVID-19 and the Great Recession. While these one-time costs increased the level of debt, they did nothing to affect the trajectory of the debt ratio. With or without them, the United States would currently have stable debt, albeit potentially at a higher level, despite rising spending.28 In other words, these legislative changes—the Bush and Trump tax cuts—are responsible for more than 90 percent of the change in the trajectory of the debt ratio to date (see Figure 3) and will grow to be responsible for more than 100 percent of the debt ratio increase in the future. They are thus entirely responsible for the fiscal gap—the magnitude of the reduction in the primary deficit needed to stabilize the debt ratio over the long run.29

Tax Cuts Are Primarily Responsible for the Increasing Debt Ratio

Without the Bush and Trump tax cuts, debt as a percentage of the economy would be declining permanently.

www.americanprogress.org

Leftist bad math is funny.

 

[JimH52]

can you prove that there's less money received in tax dollars?

READ THE ARTICLE! EDUCATE YOURSELF. Oh, and cut FOX news off for a few minutes.

 

[JimH52]

can you prove that there's less money received in tax dollars?

Because the costs of the Bush tax cuts, their extensions, and the Trump tax cuts—on average, roughly 3.8 percent of GDP over the period30—exceeds the fiscal gap, without them, all else being equal, debt as a percentage of the economy would decline indefinitely.31

From the earlier link. Without the, corporate give away, Bush and trump tax cuts, the deficit would be falling.

 

[Toddsterpatriot]

Because the costs of the Bush tax cuts, their extensions, and the Trump tax cuts—on average, roughly 3.8 percent of GDP over the period30—exceeds the fiscal gap, without them, all else being equal, debt as a percentage of the economy would decline indefinitely.31

From the earlier link. Without the, corporate give away, Bush and trump tax cuts, the deficit would be falling.

Obama and Biden were free to raise rates back to Clinton levels. Or even Carter levels.

Why haven't they?

 

[Oldestyle]

Because the costs of the Bush tax cuts, their extensions, and the Trump tax cuts—on average, roughly 3.8 percent of GDP over the period30—exceeds the fiscal gap, without them, all else being equal, debt as a percentage of the economy would decline indefinitely.31

From the earlier link. Without the, corporate give away, Bush and trump tax cuts, the deficit would be falling.

So tax revenues fell following tax cuts? Is that what you're claiming, Jim?

 

[Oldestyle]

Because the costs of the Bush tax cuts, their extensions, and the Trump tax cuts—on average, roughly 3.8 percent of GDP over the period30—exceeds the fiscal gap, without them, all else being equal, debt as a percentage of the economy would decline indefinitely.31

From the earlier link. Without the, corporate give away, Bush and trump tax cuts, the deficit would be falling.

Would you like to explain why tax revenues went down when New Jersey put in place a "Millionaire's Tax", Jim?

 

[Cellblock2429]

From the link below:

Taken together, the Bush tax cuts, their bipartisan extensions, and the Trump tax cuts, have cost $10 trillion since their creation and are responsible for 57 percent of the increase in the debt ratio since then. They are responsible for more than 90 percent of the increase in the debt ratio if you exclude the one-time costs for responding to COVID-19 and the Great Recession. While these one-time costs increased the level of debt, they did nothing to affect the trajectory of the debt ratio. With or without them, the United States would currently have stable debt, albeit potentially at a higher level, despite rising spending.28 In other words, these legislative changes—the Bush and Trump tax cuts—are responsible for more than 90 percent of the change in the trajectory of the debt ratio to date (see Figure 3) and will grow to be responsible for more than 100 percent of the debt ratio increase in the future. They are thus entirely responsible for the fiscal gap—the magnitude of the reduction in the primary deficit needed to stabilize the debt ratio over the long run.29

Tax Cuts Are Primarily Responsible for the Increasing Debt Ratio

Without the Bush and Trump tax cuts, debt as a percentage of the economy would be declining permanently.

www.americanprogress.org

/——/ That is mathematically impossible. 70 trillion divided by 100 million tax payers = $700,000 per person. That’s assuming no taxes were collected in 25 years. Try again moron.

 

[The Banker]

Obama and Biden were free to raise rates back to Clinton levels. Or even Carter levels.

Why haven't they?

hey retard the FED changes rates not the president you dumb fuck

Obama inherited the bush crash, when Bush and the republicans destroyed the economy after 7 years of their failed policy.
Everytime a republican is president they crash the economy, 11 of the last 12 recession all under the republicans. Every single republican has had a recession for like the past 100 years.

If you vote for a republican you are voting for guaranteed recession, deficit increases, debt increases, failure, and of course the excuses.

 

[Toddsterpatriot]

hey retard the FED changes rates not the president you dumb fuck

Obama inherited the bush crash, when Bush and the republicans destroyed the economy after 7 years of their failed policy.
Everytime a republican is president they crash the economy, 11 of the last 12 recession all under the republicans. Every single republican has had a recession for like the past 100 years.

If you vote for a republican you are voting for guaranteed recession, deficit increases, debt increases, failure, and of course the excuses.

Tax rates you stupid twat.

 

[The Banker]

Tax rates you stupid twat.

oh so its Biden's fault he doesn't reverse the bankrupting Bush tax cuts, not Trump's fault for passing them.

That's some real Trumpian logic right there. Republicans will continue to be a total failure because they know they can fail and crash the economy and explode deficits to $3T/yr and you dumb fucks don't even care and won't stop your diehard devotion to the party.

The more the fail and fuck up, the more you love them.