Whatever replaces fossil fuel will create jobs, and fossil fuel will be in full flight until that happens.Our country is already bankrupt. Hopefully, the infrastructure repairs will create many jobs and put cash into the economy. Right now Biden has no choice but to deal with the coronavirus, and that is expensive.Trump gave the super-wealthy a huge tax reduction which they invested in the stock market did and nothing to reduce the national debt that Trump said would happen. Actually, it dramatically increased the national debt.America had the best economy in the world under Trump.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.The economically blind leading the blind....roflmfaoWell said but the trump supporters do not understand, nor do they want to understand.Only hundreds of billions of dollars that they don't have.Republicans want to give nothing.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
"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
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.
Just wait till Biden gets done. He will quadruple the debt. He's well on the way now. Once he gets his green shit in gear he will bankrupt the country.
Enjoy.
Biden is dealing with the same shit Trump dealt with. If the infrastructure repairs get done they will provide jobs. Only time will tell as I've been hearing infrastructure since Bush.
Meanwhile on day one Biden kicked every tax payer in this country in the teeth. He's put people out of work and many more will be out of work before he's done with his crusade to get rid of fossil fuel. His green shit will bankrupt the country.
I have no doubt he will add to the debt big time. Every POTUS does.