Democrats Give Trillions of Our Money Away, but Question Giving a Token Back to American Taxpayers

[Daryl Hunt]

The DC swamp creatures say eat cake.
Gender studies in Pakistan is more important than our homeless shivering on the street.

Biden tells Democrats he's willing to target COVID relief checks, but not shrink them — ABC News

He said he wants the checks to stay at $1,400 so he won't break a "promise."

apple.news

Looking at my Federal Taxes,I see the relief funds as a loan. It's not a gift. It all gets paid back in less than 2 years for most of us. Nothing is free.

But college’s will be free!

College is free throughout MOST of the rest of the world. Ever wonder why we are down the list of education in the United States compared to the rest of the Western Nations?

 

[Weatherman2020]

The DC swamp creatures say eat cake.
Gender studies in Pakistan is more important than our homeless shivering on the street.

Biden tells Democrats he's willing to target COVID relief checks, but not shrink them — ABC News

He said he wants the checks to stay at $1,400 so he won't break a "promise."

apple.news

Looking at my Federal Taxes,I see the relief funds as a loan. It's not a gift. It all gets paid back in less than 2 years for most of us. Nothing is free.

But college’s will be free!

College is free throughout MOST of the rest of the world. Ever wonder why we are down the list of education in the United States compared to the rest of the Western Nations?

Ah yes. Money grows on trees.
Except when the trees want to get a measly few hundred dollars back.

 

[jbrownson0831]

The DC swamp creatures say eat cake.
Gender studies in Pakistan is more important than our homeless shivering on the street.

Biden tells Democrats he's willing to target COVID relief checks, but not shrink them — ABC News

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.

Not overseas wacko

 

[Fort Fun Indiana]

The DC swamp creatures say eat cake.
Gender studies in Pakistan is more important than our homeless shivering on the street.

Biden tells Democrats he's willing to target COVID relief checks, but not shrink them — ABC News

He said he wants the checks to stay at $1,400 so he won't break a "promise."

apple.news

So you are in favor of providing them shelter? Food and healthcare, too?

Those are yes/no questions.

 

[DBA]

The DC swamp creatures say eat cake.
Gender studies in Pakistan is more important than our homeless shivering on the street.

Biden tells Democrats he's willing to target COVID relief checks, but not shrink them — ABC News

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.

What Are the Costs of the Trump Tax Cuts to You?

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

Well said but the trump supporters do not understand, nor do they want to understand.

The economically blind leading the blind....roflmfao

Got news for you. Reagan/Bush/Trump's trickle down is not working. Well, it's working for the rich. They've never been richer. And you like the way things are? Weird.

America had the best economy in the world under Trump.
God Bless trickle down.

BTW - JFK specifically cut taxes for trickle down economics.

That he did. Raegan and Trump did the same. Cutting taxes puts more money into the economy and the Fed coffers than raising them ever did.

The dumbass Dems will never learn that. All they want to do is raise taxes. Imbeciles.

Democrats believe that increasing federal tax revenue by raising taxes is better in the long run for the economy than lowering taxes and increasing federal tax revenue by raising income and profit. It is foolish to choose a fabricated approach over an organic approach when it comes to creating a stable and robust economy.

 

[Weatherman2020]

The DC swamp creatures say eat cake.
Gender studies in Pakistan is more important than our homeless shivering on the street.

Biden tells Democrats he's willing to target COVID relief checks, but not shrink them — ABC News

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.

What Are the Costs of the Trump Tax Cuts to You?

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

Well said but the trump supporters do not understand, nor do they want to understand.

The economically blind leading the blind....roflmfao

Got news for you. Reagan/Bush/Trump's trickle down is not working. Well, it's working for the rich. They've never been richer. And you like the way things are? Weird.

America had the best economy in the world under Trump.
God Bless trickle down.

BTW - JFK specifically cut taxes for trickle down economics.

That he did. Raegan and Trump did the same. Cutting taxes puts more money into the economy and the Fed coffers than raising them ever did.

The dumbass Dems will never learn that. All they want to do is raise taxes. Imbeciles.

Democrats believe that increasing federal tax revenue by raising taxes is better in the long run for the economy than lowering taxes and increasing federal tax revenue by raising income and profit. It is foolish to choose a fabricated approach over an organic approach when it comes to creating a stable and robust economy.

Actually Democrats think killing jobs and raising taxes while increasing spending is sound economic principles.

 

[DBA]

The DC swamp creatures say eat cake.
Gender studies in Pakistan is more important than our homeless shivering on the street.

Biden tells Democrats he's willing to target COVID relief checks, but not shrink them — ABC News

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.

What Are the Costs of the Trump Tax Cuts to You?

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

Well said but the trump supporters do not understand, nor do they want to understand.

The economically blind leading the blind....roflmfao

Got news for you. Reagan/Bush/Trump's trickle down is not working. Well, it's working for the rich. They've never been richer. And you like the way things are? Weird.

America had the best economy in the world under Trump.
God Bless trickle down.

BTW - JFK specifically cut taxes for trickle down economics.

That he did. Raegan and Trump did the same. Cutting taxes puts more money into the economy and the Fed coffers than raising them ever did.

The dumbass Dems will never learn that. All they want to do is raise taxes. Imbeciles.

Democrats believe that increasing federal tax revenue by raising taxes is better in the long run for the economy than lowering taxes and increasing federal tax revenue by raising income and profit. It is foolish to choose a fabricated approach over an organic approach when it comes to creating a stable and robust economy.

Actually Democrats think killing jobs and raising taxes while increasing spending is sound economic principles.

The funny thing is that it isn't that most of them are that stupid, they are simply unable to apply any reason to anything that doesn't fit neatly into the confines of their indoctrination. Public education has done a true injustice on the last 2 generations in particular.

 

[sealybobo]

The DC swamp creatures say eat cake.
Gender studies in Pakistan is more important than our homeless shivering on the street.

Biden tells Democrats he's willing to target COVID relief checks, but not shrink them — ABC News

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

Wait. We had the money in 2016 for Trump to give rich people the biggest tax break in US history but we don't have the money now to give away? Flip flop much?

People keeping what's theirs to begin with isn't "giving away" anything...It's their money not the gubmint's, you economic ignoramus.

Then give us our 1 trillion dollars back in the form of a one time stimulus check stupid.

How about you go back to work and quit your sniveling, moocher?

I am working right now. Corona had one good thing. It got me to be able to work from home.

 

[sealybobo]

The DC swamp creatures say eat cake.
Gender studies in Pakistan is more important than our homeless shivering on the street.

Biden tells Democrats he's willing to target COVID relief checks, but not shrink them — ABC News

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.

What Are the Costs of the Trump Tax Cuts to You?

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

Well said but the trump supporters do not understand, nor do they want to understand.

The economically blind leading the blind....roflmfao

Got news for you. Reagan/Bush/Trump's trickle down is not working. Well, it's working for the rich. They've never been richer. And you like the way things are? Weird.

America had the best economy in the world under Trump.
God Bless trickle down.

BTW - JFK specifically cut taxes for trickle down economics.

That he did. Raegan and Trump did the same. Cutting taxes puts more money into the economy and the Fed coffers than raising them ever did.

The dumbass Dems will never learn that. All they want to do is raise taxes. Imbeciles.

Democrats believe that increasing federal tax revenue by raising taxes is better in the long run for the economy than lowering taxes and increasing federal tax revenue by raising income and profit. It is foolish to choose a fabricated approach over an organic approach when it comes to creating a stable and robust economy.

Actually Democrats think killing jobs and raising taxes while increasing spending is sound economic principles.

The funny thing is that it isn't that most of them are that stupid, they are simply unable to apply any reason to anything that doesn't fit neatly into the confines of their indoctrination. Public education has done a true injustice on the last 2 generations in particular.

Did you go to private school?

 

[sealybobo]

The DC swamp creatures say eat cake.
Gender studies in Pakistan is more important than our homeless shivering on the street.

Biden tells Democrats he's willing to target COVID relief checks, but not shrink them — ABC News

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.

What Are the Costs of the Trump Tax Cuts to You?

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

Well said but the trump supporters do not understand, nor do they want to understand.

The economically blind leading the blind....roflmfao

Got news for you. Reagan/Bush/Trump's trickle down is not working. Well, it's working for the rich. They've never been richer. And you like the way things are? Weird.

America had the best economy in the world under Trump.
God Bless trickle down.

BTW - JFK specifically cut taxes for trickle down economics.

That he did. Raegan and Trump did the same. Cutting taxes puts more money into the economy and the Fed coffers than raising them ever did.

The dumbass Dems will never learn that. All they want to do is raise taxes. Imbeciles.

How come that didn’t happen in 2019? Companies were already sitting on trillions so the tax break didn’t do shit but make them richer and widen the gap between rich and you

 

[Thinker101]

The DC swamp creatures say eat cake.
Gender studies in Pakistan is more important than our homeless shivering on the street.

Biden tells Democrats he's willing to target COVID relief checks, but not shrink them — ABC News

He said he wants the checks to stay at $1,400 so he won't break a "promise."

apple.news

In 2009 you guys started saying that Obama's recovery wasn't good enough. Was too slow. Meanwhile, you didn't give him the money he needed. This time, Biden is going to give us the money we need to get through this pandemic. And of course you Republicans will want to give us less than he wants to give us. Well, consider this a tax break for middle class and poor Americans. You don't object to tax breaks do you?

Since then, a consensus has emerged among economists that President Barack Obama’s 2009 stimulus package, which ended up costing roughly $840 billion, greatly benefited the economy but should have gone much further. It essentially was big enough to anger Republicans but not big enough to fully get the job done for the economy.

Tax break, you poor ignorant person. Wait till you get the tax bill for that "tax break".

 

[Lysistrata]

The DC swamp creatures say eat cake.
Gender studies in Pakistan is more important than our homeless shivering on the street.

Biden tells Democrats he's willing to target COVID relief checks, but not shrink them — ABC News

He said he wants the checks to stay at $1,400 so he won't break a "promise."

apple.news

The DC swamp creatures say eat cake.
Gender studies in Pakistan is more important than our homeless shivering on the street.

Biden tells Democrats he's willing to target COVID relief checks, but not shrink them — ABC News

He said he wants the checks to stay at $1,400 so he won't break a "promise."

apple.news

Let's see a detailed list of expenditures for Americans and persons abroad. Let's see evidence of who has done what for "our homeless shivering on the street."

 

[Weatherman2020]

The DC swamp creatures say eat cake.
Gender studies in Pakistan is more important than our homeless shivering on the street.

Biden tells Democrats he's willing to target COVID relief checks, but not shrink them — ABC News

He said he wants the checks to stay at $1,400 so he won't break a "promise."

apple.news

The DC swamp creatures say eat cake.
Gender studies in Pakistan is more important than our homeless shivering on the street.

Biden tells Democrats he's willing to target COVID relief checks, but not shrink them — ABC News

He said he wants the checks to stay at $1,400 so he won't break a "promise."

apple.news

Let's see a detailed list of expenditures for Americans and persons abroad. Let's see evidence of who has done what for "our homeless shivering on the street."

Where’s my $1,400?

 

[sealybobo]

The DC swamp creatures say eat cake.
Gender studies in Pakistan is more important than our homeless shivering on the street.

Biden tells Democrats he's willing to target COVID relief checks, but not shrink them — ABC News

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

Wait. We had the money in 2016 for Trump to give rich people the biggest tax break in US history but we don't have the money now to give away? Flip flop much?

People keeping what's theirs to begin with isn't "giving away" anything...It's their money not the gubmint's, you economic ignoramus.

The government needed that money. You have to pay your taxes. And if we have a debt, maybe your taxes need to go up. Yea yea, cut more spending. We've heard that before. What spending would you like to cut?

Irrelevant to the point....The money belongs to the people who earned it.....Claiming that tax cuts "cost the gumbmint money" presumes that it's not your money in the first place.

And if the gubmint is so strapped, they should cut ther spoending and shutter some bureaucracies, like people in businesses have to do when their balance sheets are off.

We could start shutting off a lot of money by getting rid of high salaries for congress. High retirement for government. And high priced medical insurance, let them have the same as everyone else. Add term limits. Just to name a few cost saving measures.

Michigan republicans thought about it and decided no.

 

[Indeependent]

The DC swamp creatures say eat cake.
Gender studies in Pakistan is more important than our homeless shivering on the street.

Biden tells Democrats he's willing to target COVID relief checks, but not shrink them — ABC News

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.

What Are the Costs of the Trump Tax Cuts to You?

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

Well said but the trump supporters do not understand, nor do they want to understand.

The economically blind leading the blind....roflmfao

Got news for you. Reagan/Bush/Trump's trickle down is not working. Well, it's working for the rich. They've never been richer. And you like the way things are? Weird.

America had the best economy in the world under Trump.
God Bless trickle down.

BTW - JFK specifically cut taxes for trickle down economics.

That he did. Raegan and Trump did the same. Cutting taxes puts more money into the economy and the Fed coffers than raising them ever did.

The dumbass Dems will never learn that. All they want to do is raise taxes. Imbeciles.

Democrats believe that increasing federal tax revenue by raising taxes is better in the long run for the economy than lowering taxes and increasing federal tax revenue by raising income and profit. It is foolish to choose a fabricated approach over an organic approach when it comes to creating a stable and robust economy.

Actually Democrats think killing jobs and raising taxes while increasing spending is sound economic principles.

The funny thing is that it isn't that most of them are that stupid, they are simply unable to apply any reason to anything that doesn't fit neatly into the confines of their indoctrination. Public education has done a true injustice on the last 2 generations in particular.

BINGO!

 

[sealybobo]

Nothing Democrats do is good for Americans. They aim to bankrupt and subjugate the American people for their Chinese masters.

What has Biden done so far that benefits Americans?

He has been in office for 2 weeks. One good thing that he is doing is to eliminate Trump's fuck-ups so that he can move forward.

Like what?

I knew you were going to come back with that. Tell ya what. Lookup Google for that info, because if you have been paying attention, you would know what Biden has done during the last 3 weeks, yes?

I do know what he has done and none of it has been good for Americans. China is proud.

Oh the China joe mantra. Piss off comrad.

 

[sealybobo]

The DC swamp creatures say eat cake.
Gender studies in Pakistan is more important than our homeless shivering on the street.

Biden tells Democrats he's willing to target COVID relief checks, but not shrink them — ABC News

He said he wants the checks to stay at $1,400 so he won't break a "promise."

apple.news

In 2009 you guys started saying that Obama's recovery wasn't good enough. Was too slow. Meanwhile, you didn't give him the money he needed. This time, Biden is going to give us the money we need to get through this pandemic. And of course you Republicans will want to give us less than he wants to give us. Well, consider this a tax break for middle class and poor Americans. You don't object to tax breaks do you?

Since then, a consensus has emerged among economists that President Barack Obama’s 2009 stimulus package, which ended up costing roughly $840 billion, greatly benefited the economy but should have gone much further. It essentially was big enough to anger Republicans but not big enough to fully get the job done for the economy.

Tax break, you poor ignorant person. Wait till you get the tax bill for that "tax break".

Wel wait till your taxes go up to make u for all the threads trump gave to corporations and rich people. How’s it any different?

Now you’re worrying about the debt again? Typical douchebaggery

 

[Fort Fun Indiana]

believe that increasing federal tax revenue by raising taxes is better in the long run for the economy than lowering taxes and increasing federal tax revenue by raising income and profit

As does anyone else who has watched 40 years of trickle down economics fail spectacularly. Any informed person who says otherwise is lying.

 

[Indeependent]

believe that increasing federal tax revenue by raising taxes is better in the long run for the economy than lowering taxes and increasing federal tax revenue by raising income and profit

As does anyone else who has watched 40 years of trickle down economics fail spectacularly. Any informed person who says otherwise is lying.

Trickle Down without Trespassers, Off-Shoring and Business Visas would work.

 

[Thinker101]

The DC swamp creatures say eat cake.
Gender studies in Pakistan is more important than our homeless shivering on the street.

Biden tells Democrats he's willing to target COVID relief checks, but not shrink them — ABC News

He said he wants the checks to stay at $1,400 so he won't break a "promise."

apple.news

In 2009 you guys started saying that Obama's recovery wasn't good enough. Was too slow. Meanwhile, you didn't give him the money he needed. This time, Biden is going to give us the money we need to get through this pandemic. And of course you Republicans will want to give us less than he wants to give us. Well, consider this a tax break for middle class and poor Americans. You don't object to tax breaks do you?

Since then, a consensus has emerged among economists that President Barack Obama’s 2009 stimulus package, which ended up costing roughly $840 billion, greatly benefited the economy but should have gone much further. It essentially was big enough to anger Republicans but not big enough to fully get the job done for the economy.

Tax break, you poor ignorant person. Wait till you get the tax bill for that "tax break".

Wel wait till your taxes go up to make u for all the threads trump gave to corporations and rich people. How’s it any different?

Now you’re worrying about the debt again? Typical douchebaggery

Wow, where the hell did I say anything about the debt. All that "free" money you receive from the government is taxable you stupid POS.