Buckle Up: What Trump Tariffs Mean For The U.S. Economy And Stock Market

[Blisterfinger]

That was a lot of words to say absolutely nothing relevant to the discussion.

But yet you have no answer to what I have said. My argument is superior to yours. Get used to it, when you support a dishonest person like Joe Biden your credibility hits about minus 10

 

[Slade3200]

The debt increased by 8.4 trillion including the money trump had to spend for covid. Get your facts straight dude. I'm glad that he spent the money that he did for covid. Biden not so much, then there was his fake inflation reduction Act. Biden was the most dishonest president we've ever had.
Biden almost 7 trillion dollars on crap for progressives definitely is more irresponsible than Trump and 5 trillion for covid.
Biden let China slide on the covid deal as well. How dishonest. Now Trump has a huge mess to clean up.

Reread what I posted. It breaks down covid spending from total spending for both presidents. I posted the facts and they were straight. Read them again and if you think anything is wrong then point to it specifically

 

[Slade3200]

No you haven't laid it out. I believe him when he said he was going to let the tax cuts expire and that would have hurt us all. You are the one who's cherry-picking, Plus you are apologizing for a liar

You’re believing part of his plan and ignoring the other part. I’m simply laying out the plan.

 

[Slade3200]

You haven't shown his plan. You're lying, just like him. Stop it, I can't let you ride under the guise of ignorance anymore. Let's see his plan now, on paper, spelled out.

Expire Trump tax cuts, raise corporate rates from 21-28% don’t raise taxes for people earning less than $400k. There it is

 

[Slade3200]

Show me his plan to preserve the TCJA standard deduction after the tax cuts expired.

Under the Tax Cuts and Jobs Act for the tax years beginning after December 31, 2017, and before January 1, 2026, the standard deduction was nearly doubled for all filing statuses. This led to fewer people itemizing deductions and instead opting for the standard deduction.
The TCJA significantly changed the standard deduction amounts for individuals and families. The standard deductions before the 2017 Tax Year were $6,350 for single filers, $9,350 for heads of household and $12,700 for those married filing jointly.

After the TCJA (2018-2025 tax years), these amounts jumped dramatically. The standard deductions for the 2023 tax year are $13,850 for those single or married filing separately, $27,700 for those married filing separately and surviving spouses and $20,800 for heads of household.

https://finance.yahoo.com/news/trump-era-tax-cuts-set-160750197.html

Here are the details and analysis of Biden’s plan….

Biden’s Budget Would Raise Taxes On High-Income Households, Cut Them For Many Others

The revenue provisions of President Biden’s fiscal year 2024 budget would lower after-tax incomes by an average of about $2,300 next year, according to a...

taxpolicycenter.org

 

[Toddsterpatriot]

Expire Trump tax cuts, raise corporate rates from 21-28% don’t raise taxes for people earning less than $400k. There it is

Exactly!
I was waiting for him to do that while the Dems held the House and Senate.

 

[Slade3200]

Exactly!
I was waiting for him to do that while the Dems held the House and Senate.

Trumps tax cuts didn’t expire during that time period

 

[JohnDB]

 

[Toddsterpatriot]

Trumps tax cuts didn’t expire during that time period

Biden couldn't pass a bill in 2021 to change the rates early?
Is that because he was senile?

 

[Blisterfinger]

Reread what I posted. It breaks down covid spending from total spending for both presidents. I posted the facts and they were straight. Read them again and if you think anything is wrong then point to it specifically

Pretty sure I just posted an accurate take on your nonsense. Not sure what your point was.

 

[Slade3200]

Biden couldn't pass a bill in 2021 to change the rates early?
Is that because he was senile?

That’s what Congress does. I think he was working on the chips act

 

[Slade3200]

Pretty sure I just posted an accurate take on your nonsense. Not sure what your point was.

No you didn’t. You acted like I didn’t account for covid spending when it was laid out in black and white. Here read it again. Point to anything you think is incorrect….

President Trump approved $8.4 trillion of new ten-year borrowing during his full term in office, or $4.8 trillion excluding the CARES Act and other COVID relief.

President Biden, in his first three years and five months in office, approved $4.3 trillion of new ten-year borrowing, or $2.2 trillion excluding the American Rescue Plan.

President Trump approved $8.8 trillion of gross new borrowing and $443 billion of deficit reduction during his full presidential term.

President Biden has so far approved $6.2 trillion of gross new borrowing and $1.9 trillion of deficit reduction.

 

[Toddsterpatriot]

That’s what Congress does. I think he was working on the chips act

Biden couldn't ask Congress to do that in 2021 to stick it to big business while protecting households under $400K, because he was senile?

 

[Blisterfinger]

No you haven't laid out his plan. you posted something that he mumbled at his state of the union address which I chose not to believe . why should I believe anything that he says

Expire Trump tax cuts, raise corporate rates from 21-28% don’t raise taxes for people earning less than $400k. There it is

I don't want to see your interpretation of the policy, I want to see it in writing from the Biden Administration. I don't believe anything that Joe Biden says or mumbles whatever. How was Joe going to fix the double standard deduction? Was he going to keep it? When did he address that issue? I know he's going to let the tax cuts expire.

 

[Slade3200]

Biden couldn't ask Congress to do that in 2021 to stick it to big business while protecting households under $400K, because he was senile?

If that’s what you think then fine. I wasnt in the White House so I don’t know why he did or didn’t do things

 

[Toddsterpatriot]

No you didn’t. You acted like I didn’t account for covid spending when it was laid out in black and white. Here read it again. Point to anything you think is incorrect….

President Trump approved $8.4 trillion of new ten-year borrowing during his full term in office, or $4.8 trillion excluding the CARES Act and other COVID relief.

President Biden, in his first three years and five months in office, approved $4.3 trillion of new ten-year borrowing, or $2.2 trillion excluding the American Rescue Plan.

President Trump approved $8.8 trillion of gross new borrowing and $443 billion of deficit reduction during his full presidential term.

President Biden has so far approved $6.2 trillion of gross new borrowing and $1.9 trillion of deficit reduction.

President Biden, in his first three years and five months in office, approved $4.3 trillion of new ten-year borrowing, or $2.2 trillion excluding the American Rescue Plan.

10-year borrowing? Hilarious!
Biden had more than $8.5 trillion in new 4-year borrowing.
He had 4 years to undo Trump spending plans and tax cuts, so why isn't
all the borrowing during his term "Biden borrowing"?

 

[Toddsterpatriot]

If that’s what you think then fine. I wasnt in the White House so I don’t know why he did or didn’t do things

You sound like Harris talking about all the cool things she'll do if she gets into power.

 

[Slade3200]

No you haven't laid out his plan. you posted something that he mumbled at his state of the union address which I chose not to believe . why should I believe anything that he says

I don't want to see your interpretation of the policy, I want to see it in writing from the Biden Administration. I don't believe anything that Joe Biden says or mumbles whatever. How was Joe going to fix the double standard deduction? Was he going to keep it? When did he address that issue? I know he's going to let the tax cuts expire.

Here it is laid out

A First Look At The Revenue Provisions Of Biden’s 2024 Budget

A First Look At The Revenue Provisions Of Biden’s 2024 Budget President Biden’s 2024 budget would raise taxes by more than $4.5 trillion over the...

taxpolicycenter.org

 

[Slade3200]

You sound like Harris talking about all the cool things she'll do if she gets into power.

What cool thing am I talking about doing if I get into power?

 

[Slade3200]

President Biden, in his first three years and five months in office, approved $4.3 trillion of new ten-year borrowing, or $2.2 trillion excluding the American Rescue Plan.

10-year borrowing? Hilarious!
Biden had more than $8.5 trillion in new 4-year borrowing.
He had 4 years to undo Trump spending plans and tax cuts, so why isn't
all the borrowing during his term "Biden borrowing"?

The analysis is of what spending was planned and approved by each President and how their budget impacted the deficit