The DC swamp creatures say eat cake.
Gender studies in Pakistan is more important than our homeless shivering on the street.
He said he wants the checks to stay at $1,400 so he won't break a "promise."
apple.news
Republicans want to give nothing.
Only hundreds of billions of dollars that they don't have.
"Nothing".....roflmfao
How Much Trump's Tax Cuts Cost the Government
Tax cuts under the Trump Administration increased the deficit and debt
Trump administration, promised that it would add $1.8 trillion in new revenue. That would more than pay for the $1.5 trillion cost of the tax cuts themselves
This increase in the federal debt means that formerly budget-conscious federal Republicans have done an about-face on fiscal policy.
For example, In 2011, Republicans supported the Budget Control Act, which automatically cuts spending across the board between 2013 and 2021.9 These mandatory spending cuts were called
sequestration.
In 2013, Republicans threatened to not raise the
debt ceiling to force budget cuts.10 That would have forced the U.S. to
default on its debt. Fortunately, better-than-expected revenue meant the debt ceiling debate was postponed until the fall.11
In these instances, Congressional Republicans were focused on limiting debt and deficit growth at the expense of government functioning. However, with the TCJA, Republicans in the federal government passed a law that significantly increased both deficit spending and the federal debt.
Supporters of tax cuts believe in the theory of
supply-side economics. This theory states that freeing up businesses to grow more will drive economic growth. When the government cuts taxes or regulations, companies will hire more workers. The resultant job growth creates more demand which boosts the economy.
Supply-side is the opposite of
Keynesian theory. It says that consumer demand drives the economy. It supports more government spending on infrastructure, unemployment benefits, and education.
In general, tax cuts work when the economy is sluggish, businesses need money, and tax rates are high.
For example, the Treasury Department found that the
Bush tax cuts gave the economy a short-term boost. This was because the economy was in a recession.12 The tax cuts gave businesses extra capacity they could put to use immediately.
According to a 2017 survey, many large corporations said they didn’t need the money from the Trump administration's tax cuts. They were sitting on a record $2.3 trillion in cash reserves, double the level in 2001.
If the individual cuts are made permanent, the cost will rise to $2.3 trillion without having been successful at significantly boosting wages or increasing jobs.
So lets undo Trump's tax breaks so we can get this stimulus to people who really need it.
The Tax Cut and Jobs Act promised to add $1.8 trillion in revenue. Instead, it could add $2.3 trillion to the debt.
www.thebalance.com