GOP tax bill on track to add more than $2.5 trillion to U.S. deficit

[airplanemechanic]

Walmart announced this morning that price increases due to the Tariffs will start impacting in the next thirty days.

Wal Mart has been jacking up prices since June of 2021. A giant Hershey candy bar which has been 2 dollars FOREVER including under Trump, went up to 3 dollars under Biden. That's a 50% increase. Ground meat that was. 2.99 a pound under Trump was 5 dollars a pound under Biden.

Milk was 2.50 under Trump, was over 4 dollars a gallon under Biden.

 

[airplanemechanic]

Proposed Republican tax plan would add $2.5Tr to $3.3Tr to the debt, based on $2.8Tr in tax cuts. Good job guys in reducing the deficit!

https://www.washingtonpost.com/business/2025/05/15/gop-tax-deficit-bill/

The Republican tax proposal emerging in the House of Representatives would add more than $2.5 trillion to the federal deficit over the next decade, according to nonpartisan estimates and budget experts.

That fiscal hit has triggered criticism from House conservatives, who have at times vowed to vote against legislation that adds to the national debt, which is already over $36 trillion. But House Speaker Mike Johnson (R-Louisiana) may have trouble reducing the bill’s price tag, as that would require either making fewer tax cuts or steeper spending cuts in ways unpalatable to his conference.

While the legislation is expected to change substantially before final passage, the House Ways and Means Committee’s draft plan calls for roughly $3.8 trillion in tax cuts over the next decade, according to the Joint Committee on Taxation, a nonpartisan congressional body. Other parts of the legislation would cut federal spending and bring in new revenue. Including those plans, the official cost of the bill is likely to amount to more than $2.5 trillion — and as much as $3.3 trillion, counting the interest owed on new debt, according to Marc Goldwein, senior vice president at the Committee for a Responsible Federal Budget, a Washington-based think tank.

Then you'd think you'd support DOGE cutting spending, yet you don't.

So with that, **** OFF.

 

[task0778]

GOP tax bill on track to add more than $2.5 trillion to U.S. deficit​

We ain't talking about new taxes. Everyone understands this is to extend the 2017 Trump tax cuts, right? Those tax cuts expire this year so unless they get extended, everybody's taxes will go up next year and thereafter. Does anyone want to step up and say there won't be a negative effect on our economy, both at an individual and national level if those tax cuts expire?

Trump wants those tax cuts extended and so does the GOP. And if that doesn't happen the blame for that should fall entirely on the democrats, and also the ensuing consequences. Which is not to say the GOP shouldn't negotiate a deal in good faith, they shouldn't expect to get everything they want.

 

[Zincwarrior]

Passed out of the House Committee last night

https://thehill.com/homenews/house/5306895-republicans-budget-committee-vote-trump-bill/

 

[Staidhup]

So now after 4 years of sugar coated programs expanding the deficit the Dimbo’s now talk about the deficit? How ironic can one be

 

[Blisterfinger]

There are plenty of other places to cut other than Medicaid. No citizen need lose their benefits. Thats nonsensical.

It is non-citizens who will lose benefits

 

[Mashmont]

Proposed Republican tax plan would add $2.5Tr to $3.3Tr to the debt, based on $2.8Tr in tax cuts. Good job guys in reducing the deficit!

https://www.washingtonpost.com/business/2025/05/15/gop-tax-deficit-bill/

The Republican tax proposal emerging in the House of Representatives would add more than $2.5 trillion to the federal deficit over the next decade, according to nonpartisan estimates and budget experts.

That fiscal hit has triggered criticism from House conservatives, who have at times vowed to vote against legislation that adds to the national debt, which is already over $36 trillion. But House Speaker Mike Johnson (R-Louisiana) may have trouble reducing the bill’s price tag, as that would require either making fewer tax cuts or steeper spending cuts in ways unpalatable to his conference.

While the legislation is expected to change substantially before final passage, the House Ways and Means Committee’s draft plan calls for roughly $3.8 trillion in tax cuts over the next decade, according to the Joint Committee on Taxation, a nonpartisan congressional body. Other parts of the legislation would cut federal spending and bring in new revenue. Including those plans, the official cost of the bill is likely to amount to more than $2.5 trillion — and as much as $3.3 trillion, counting the interest owed on new debt, according to Marc Goldwein, senior vice president at the Committee for a Responsible Federal Budget, a Washington-based think tank.

So you want Trump to cut even MORE government spending. Excellent. Welcome aboard!! It's always cool when leftwingers come around.

 

[HikerGuy83]

Proposed Republican tax plan would add $2.5Tr to $3.3Tr to the debt, based on $2.8Tr in tax cuts. Good job guys in reducing the deficit!

https://www.washingtonpost.com/business/2025/05/15/gop-tax-deficit-bill/

The Republican tax proposal emerging in the House of Representatives would add more than $2.5 trillion to the federal deficit over the next decade, according to nonpartisan estimates and budget experts.

That fiscal hit has triggered criticism from House conservatives, who have at times vowed to vote against legislation that adds to the national debt, which is already over $36 trillion. But House Speaker Mike Johnson (R-Louisiana) may have trouble reducing the bill’s price tag, as that would require either making fewer tax cuts or steeper spending cuts in ways unpalatable to his conference.

While the legislation is expected to change substantially before final passage, the House Ways and Means Committee’s draft plan calls for roughly $3.8 trillion in tax cuts over the next decade, according to the Joint Committee on Taxation, a nonpartisan congressional body. Other parts of the legislation would cut federal spending and bring in new revenue. Including those plans, the official cost of the bill is likely to amount to more than $2.5 trillion — and as much as $3.3 trillion, counting the interest owed on new debt, according to Marc Goldwein, senior vice president at the Committee for a Responsible Federal Budget, a Washington-based think tank.

these claims are always garbage as you have no way of measuring the impact of the tax cut on increased revenue.

Please stop with the idiocy.

 

[Admiral Rockwell Tory]

Oh. Another doom and gloom leftwing prediction like “inflation will skyrocket with the tariffs”. It has dropped. “Grocery prices will rise”. They’ ve dropped. “Trump will crash the stock market”. It’s up for the year.
Let me know when you guys are EVER right. OK?

You will be old and gray when Sink Worrier ever gets anything correct!