GOP Tax Cuts Could Add 9 Trillion to National Deficit over 10 years.

[odanny]

The GOP grift will be running the largest deficits as a percentage of GDP, in American history. We have the making of blowing up the dollar and destroying it as the worlds reserve currency.

Welcome to Venezuela.




Changes to tax policy are at the top of the agenda this year for the governing trifecta of Republicans, who control the House, Senate, and White House. At the end of the year, most of the individual income tax provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 are set to expire. Republican leaders are calling for a full extension of TCJA, but they are also considering a range of other tax cuts, including eliminating taxes on Social Security benefits and overtime pay, restoring the full SALT deduction, and more. All of those tax cuts would come with a big price tag, and if not offset with spending cuts or tax increases, the proposals would substantially increase federal deficits and debt.

The Full Array of Proposed Tax Cuts Could Increase Deficits by $9.1 Trillion​

The tax cuts proposed by President Trump and Republican leaders would reduce tax revenues by $7.8 trillion through the 2025–2034 budget period, according to the Tax Foundation. If not offset with spending cuts or tax increases, the tax cuts would increase deficits by $9.1 trillion over 10 years, including related interest costs. Fully extending the TCJA would cost approximately $5.0 trillion, while other elements of Trump’s tax agenda also have large price tags over ten years:

• Eliminating income taxes on Social Security benefits: $1.4 trillion;
• Restoring the full State and Local Taxes (SALT) deduction: $1.2 trillion; and
• Eliminating income taxes on overtime pay: $880 billion.

Full Array of Republican Tax Cuts Could Add $9 Trillion to the National Debt

Fully extending the TCJA would cost approximately $5.0 trillion, while other elements of the Republican tax agenda also have large price tags over ten years.

www.pgpf.org

​

 

[BrokeLoser]

The GOP grift will be running the largest deficits as a percentage of GDP, in American history. We have the making of blowing up the dollar and destroying it as the worlds reserve currency.

Welcome to Venezuela.




Changes to tax policy are at the top of the agenda this year for the governing trifecta of Republicans, who control the House, Senate, and White House. At the end of the year, most of the individual income tax provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 are set to expire. Republican leaders are calling for a full extension of TCJA, but they are also considering a range of other tax cuts, including eliminating taxes on Social Security benefits and overtime pay, restoring the full SALT deduction, and more. All of those tax cuts would come with a big price tag, and if not offset with spending cuts or tax increases, the proposals would substantially increase federal deficits and debt.

The Full Array of Proposed Tax Cuts Could Increase Deficits by $9.1 Trillion​

The tax cuts proposed by President Trump and Republican leaders would reduce tax revenues by $7.8 trillion through the 2025–2034 budget period, according to the Tax Foundation. If not offset with spending cuts or tax increases, the tax cuts would increase deficits by $9.1 trillion over 10 years, including related interest costs. Fully extending the TCJA would cost approximately $5.0 trillion, while other elements of Trump’s tax agenda also have large price tags over ten years:

• Eliminating income taxes on Social Security benefits: $1.4 trillion;
• Restoring the full State and Local Taxes (SALT) deduction: $1.2 trillion; and
• Eliminating income taxes on overtime pay: $880 billion.

Full Array of Republican Tax Cuts Could Add $9 Trillion to the National Debt

Fully extending the TCJA would cost approximately $5.0 trillion, while other elements of the Republican tax agenda also have large price tags over ten years.

www.pgpf.org

​

“Could”?
Here’s what actually happened under his last cut Lib.

Go Figure: Federal Revenues Hit All-Time Highs Under Trump Tax Cuts

Critics of the Trump tax cuts said they would blow a hole in the deficit. Yet individual income taxes climbed 6% in the just-ended fiscal 2018.

www.investors.com

 

[Votto]

The GOP grift will be running the largest deficits as a percentage of GDP, in American history. We have the making of blowing up the dollar and destroying it as the worlds reserve currency.

Welcome to Venezuela.




Changes to tax policy are at the top of the agenda this year for the governing trifecta of Republicans, who control the House, Senate, and White House. At the end of the year, most of the individual income tax provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 are set to expire. Republican leaders are calling for a full extension of TCJA, but they are also considering a range of other tax cuts, including eliminating taxes on Social Security benefits and overtime pay, restoring the full SALT deduction, and more. All of those tax cuts would come with a big price tag, and if not offset with spending cuts or tax increases, the proposals would substantially increase federal deficits and debt.

The Full Array of Proposed Tax Cuts Could Increase Deficits by $9.1 Trillion​

The tax cuts proposed by President Trump and Republican leaders would reduce tax revenues by $7.8 trillion through the 2025–2034 budget period, according to the Tax Foundation. If not offset with spending cuts or tax increases, the tax cuts would increase deficits by $9.1 trillion over 10 years, including related interest costs. Fully extending the TCJA would cost approximately $5.0 trillion, while other elements of Trump’s tax agenda also have large price tags over ten years:

• Eliminating income taxes on Social Security benefits: $1.4 trillion;
• Restoring the full State and Local Taxes (SALT) deduction: $1.2 trillion; and
• Eliminating income taxes on overtime pay: $880 billion.

Full Array of Republican Tax Cuts Could Add $9 Trillion to the National Debt

Fully extending the TCJA would cost approximately $5.0 trillion, while other elements of the Republican tax agenda also have large price tags over ten years.

www.pgpf.org

​

When has it ever not gone up exponentially?

That is like watching the sun rise every day expecting it to stop one day.

The federal government is a failed and dysfunctional institution.

 

[1srelluc]

Or....The growth it's expected to bring will offset and outpace it.....CNN left out that part.

Could and will are two different things.

Blah, more leftist dem fear mongering directed at the 27% of the dullards that continue to support them because they have no plan of their own.....Continued grifting from the US taxpayer was their only "plan".

 

[martybegan]

When has it ever not gone up exponentially?

That is like watching the sun rise every day expecting it to stop one day.

The federal government is a failed and dysfunctional institution.

Luckily some States and Cities are in far worse shape with unfunded pensions and already too high taxes that they will crap out first before the feds do. The key is people learning from it.

 

[Votto]

Luckily some States and Cities are in far worse shape with unfunded pensions and already too high taxes that they will crap out first before the feds do. The key is people learning from it.

The DNC is trying to collapse the system, so they can go to a digitized welfare system where people have to go to the government for whatever they want money for.

So, it not just about control of your medical welfare, it is control over everything in your life

What you will never hear is that government funded health care turns more people down for health care then the CEO Luigi assassinated. I bet not even that Left wing loon knows that, and if he heard it, would just say it is fake news.

 

[odanny]

The deficit, under Trump's "leadership", is set to board a SpaceX flight into regions never before explored.

 

[Meister]

The GOP grift will be running the largest deficits as a percentage of GDP, in American history. We have the making of blowing up the dollar and destroying it as the worlds reserve currency.

Welcome to Venezuela.




Changes to tax policy are at the top of the agenda this year for the governing trifecta of Republicans, who control the House, Senate, and White House. At the end of the year, most of the individual income tax provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 are set to expire. Republican leaders are calling for a full extension of TCJA, but they are also considering a range of other tax cuts, including eliminating taxes on Social Security benefits and overtime pay, restoring the full SALT deduction, and more. All of those tax cuts would come with a big price tag, and if not offset with spending cuts or tax increases, the proposals would substantially increase federal deficits and debt.

The Full Array of Proposed Tax Cuts Could Increase Deficits by $9.1 Trillion​

The tax cuts proposed by President Trump and Republican leaders would reduce tax revenues by $7.8 trillion through the 2025–2034 budget period, according to the Tax Foundation. If not offset with spending cuts or tax increases, the tax cuts would increase deficits by $9.1 trillion over 10 years, including related interest costs. Fully extending the TCJA would cost approximately $5.0 trillion, while other elements of Trump’s tax agenda also have large price tags over ten years:

• Eliminating income taxes on Social Security benefits: $1.4 trillion;
• Restoring the full State and Local Taxes (SALT) deduction: $1.2 trillion; and
• Eliminating income taxes on overtime pay: $880 billion.

Full Array of Republican Tax Cuts Could Add $9 Trillion to the National Debt

Fully extending the TCJA would cost approximately $5.0 trillion, while other elements of the Republican tax agenda also have large price tags over ten years.

www.pgpf.org

​

GOP Tax Cuts Could Add 9 Trillion to National Deficit over 10 years, And​

The Earth Could Be Destroyed By An Astroid.

 

[Independent thinker]

The GOP grift will be running the largest deficits as a percentage of GDP, in American history. We have the making of blowing up the dollar and destroying it as the worlds reserve currency.

Welcome to Venezuela.




Changes to tax policy are at the top of the agenda this year for the governing trifecta of Republicans, who control the House, Senate, and White House. At the end of the year, most of the individual income tax provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 are set to expire. Republican leaders are calling for a full extension of TCJA, but they are also considering a range of other tax cuts, including eliminating taxes on Social Security benefits and overtime pay, restoring the full SALT deduction, and more. All of those tax cuts would come with a big price tag, and if not offset with spending cuts or tax increases, the proposals would substantially increase federal deficits and debt.

The Full Array of Proposed Tax Cuts Could Increase Deficits by $9.1 Trillion​

The tax cuts proposed by President Trump and Republican leaders would reduce tax revenues by $7.8 trillion through the 2025–2034 budget period, according to the Tax Foundation. If not offset with spending cuts or tax increases, the tax cuts would increase deficits by $9.1 trillion over 10 years, including related interest costs. Fully extending the TCJA would cost approximately $5.0 trillion, while other elements of Trump’s tax agenda also have large price tags over ten years:

• Eliminating income taxes on Social Security benefits: $1.4 trillion;
• Restoring the full State and Local Taxes (SALT) deduction: $1.2 trillion; and
• Eliminating income taxes on overtime pay: $880 billion.

Full Array of Republican Tax Cuts Could Add $9 Trillion to the National Debt

Fully extending the TCJA would cost approximately $5.0 trillion, while other elements of the Republican tax agenda also have large price tags over ten years.

www.pgpf.org

​

Could?

 

[BrokeLoser]

The deficit, under Trump's "leadership", is set to board a SpaceX flight into regions never before explored.

I thought you LOVE government spending? Only when it’s on Mexico’s people and purple hair degenerates?

 

[Mac1958]

The GOP grift will be running the largest deficits as a percentage of GDP, in American history. We have the making of blowing up the dollar and destroying it as the worlds reserve currency.

Welcome to Venezuela.

Well, it's not as if anyone actually believed the promises. Right?

They'll blame the Dems, somehow, anyway.

 

[Meister]

The GOP grift will be running the largest deficits as a percentage of GDP, in American history. We have the making of blowing up the dollar and destroying it as the worlds reserve currency.

Welcome to Venezuela.




Changes to tax policy are at the top of the agenda this year for the governing trifecta of Republicans, who control the House, Senate, and White House. At the end of the year, most of the individual income tax provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 are set to expire. Republican leaders are calling for a full extension of TCJA, but they are also considering a range of other tax cuts, including eliminating taxes on Social Security benefits and overtime pay, restoring the full SALT deduction, and more. All of those tax cuts would come with a big price tag, and if not offset with spending cuts or tax increases, the proposals would substantially increase federal deficits and debt.

The Full Array of Proposed Tax Cuts Could Increase Deficits by $9.1 Trillion​

The tax cuts proposed by President Trump and Republican leaders would reduce tax revenues by $7.8 trillion through the 2025–2034 budget period, according to the Tax Foundation. If not offset with spending cuts or tax increases, the tax cuts would increase deficits by $9.1 trillion over 10 years, including related interest costs. Fully extending the TCJA would cost approximately $5.0 trillion, while other elements of Trump’s tax agenda also have large price tags over ten years:

• Eliminating income taxes on Social Security benefits: $1.4 trillion;
• Restoring the full State and Local Taxes (SALT) deduction: $1.2 trillion; and
• Eliminating income taxes on overtime pay: $880 billion.

Full Array of Republican Tax Cuts Could Add $9 Trillion to the National Debt

Fully extending the TCJA would cost approximately $5.0 trillion, while other elements of the Republican tax agenda also have large price tags over ten years.

www.pgpf.org

​

More money in peoples pockets mean more spending and more revenue to the government
Lowering taxes has always created more revenue.
I would rather have the People spend their money, than the government spend the Peoples money.

Bottom line, less government spending. Win-Win

 

[sealybobo]

The GOP grift will be running the largest deficits as a percentage of GDP, in American history. We have the making of blowing up the dollar and destroying it as the worlds reserve currency.

Welcome to Venezuela.




Changes to tax policy are at the top of the agenda this year for the governing trifecta of Republicans, who control the House, Senate, and White House. At the end of the year, most of the individual income tax provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 are set to expire. Republican leaders are calling for a full extension of TCJA, but they are also considering a range of other tax cuts, including eliminating taxes on Social Security benefits and overtime pay, restoring the full SALT deduction, and more. All of those tax cuts would come with a big price tag, and if not offset with spending cuts or tax increases, the proposals would substantially increase federal deficits and debt.

The Full Array of Proposed Tax Cuts Could Increase Deficits by $9.1 Trillion​

The tax cuts proposed by President Trump and Republican leaders would reduce tax revenues by $7.8 trillion through the 2025–2034 budget period, according to the Tax Foundation. If not offset with spending cuts or tax increases, the tax cuts would increase deficits by $9.1 trillion over 10 years, including related interest costs. Fully extending the TCJA would cost approximately $5.0 trillion, while other elements of Trump’s tax agenda also have large price tags over ten years:

• Eliminating income taxes on Social Security benefits: $1.4 trillion;
• Restoring the full State and Local Taxes (SALT) deduction: $1.2 trillion; and
• Eliminating income taxes on overtime pay: $880 billion.

Full Array of Republican Tax Cuts Could Add $9 Trillion to the National Debt

Fully extending the TCJA would cost approximately $5.0 trillion, while other elements of the Republican tax agenda also have large price tags over ten years.

www.pgpf.org

​

Of course it will. Trump's new $400 mill plane alone is going to cost us $1 billion to make it Air Force One. And in just about 3 years Trump takes it with him.

 

[martybegan]

The DNC is trying to collapse the system, so they can go to a digitized welfare system where people have to go to the government for whatever they want money for.

So, it not just about control of your medical welfare, it is control over everything in your life

What you will never hear is that government funded health care turns more people down for health care then the CEO Luigi assassinated. I bet not even that Left wing loon knows that, and if he heard it, would just say it is fake news.

that may be some of them, but others think you can go with Half Keysean economics in perpetuity.

They forget the deficit spending part is supposed to alternate with surplus budgets.

 

[odanny]

If not offset with spending cuts or tax increases, the tax cuts would increase deficits by $9.1 trillion over 10 years

 

[JWBooth]

GOP Tax Cuts Could Add 9 Trillion to National Deficit over 10 years.​

The GOP grift will be running the largest deficits as a percentage of GDP, in American history. We have the making of blowing up the dollar and destroying it as the worlds reserve currency.

Welcome to Venezuela.




Changes to tax policy are at the top of the agenda this year for the governing trifecta of Republicans, who control the House, Senate, and White House. At the end of the year, most of the individual income tax provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 are set to expire. Republican leaders are calling for a full extension of TCJA, but they are also considering a range of other tax cuts, including eliminating taxes on Social Security benefits and overtime pay, restoring the full SALT deduction, and more. All of those tax cuts would come with a big price tag, and if not offset with spending cuts or tax increases, the proposals would substantially increase federal deficits and debt.

The Full Array of Proposed Tax Cuts Could Increase Deficits by $9.1 Trillion​

The tax cuts proposed by President Trump and Republican leaders would reduce tax revenues by $7.8 trillion through the 2025–2034 budget period, according to the Tax Foundation. If not offset with spending cuts or tax increases, the tax cuts would increase deficits by $9.1 trillion over 10 years, including related interest costs. Fully extending the TCJA would cost approximately $5.0 trillion, while other elements of Trump’s tax agenda also have large price tags over ten years:

• Eliminating income taxes on Social Security benefits: $1.4 trillion;
• Restoring the full State and Local Taxes (SALT) deduction: $1.2 trillion; and
• Eliminating income taxes on overtime pay: $880 billion.

Full Array of Republican Tax Cuts Could Add $9 Trillion to the National Debt

Fully extending the TCJA would cost approximately $5.0 trillion, while other elements of the Republican tax agenda also have large price tags over ten years.

www.pgpf.org

​

I suppose it would be foolish to think that you’d propose or anccept across the board spending cuts to match the tax cuts.

 

[kyzr]

The GOP grift will be running the largest deficits as a percentage of GDP, in American history. We have the making of blowing up the dollar and destroying it as the worlds reserve currency. Welcome to Venezuela.

Changes to tax policy are at the top of the agenda this year for the governing trifecta of Republicans, who control the House, Senate, and White House. At the end of the year, most of the individual income tax provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 are set to expire. Republican leaders are calling for a full extension of TCJA, but they are also considering a range of other tax cuts, including eliminating taxes on Social Security benefits and overtime pay, restoring the full SALT deduction, and more. All of those tax cuts would come with a big price tag, and if not offset with spending cuts or tax increases, the proposals would substantially increase federal deficits and debt.

The Full Array of Proposed Tax Cuts Could Increase Deficits by $9.1 Trillion​

The tax cuts proposed by President Trump and Republican leaders would reduce tax revenues by $7.8 trillion through the 2025–2034 budget period, according to the Tax Foundation. If not offset with spending cuts or tax increases, the tax cuts would increase deficits by $9.1 trillion over 10 years, including related interest costs. Fully extending the TCJA would cost approximately $5.0 trillion, while other elements of Trump’s tax agenda also have large price tags over ten years:

• Eliminating income taxes on Social Security benefits: $1.4 trillion;
• Restoring the full State and Local Taxes (SALT) deduction: $1.2 trillion; and
• Eliminating income taxes on overtime pay: $880 billion.

1. While I generally agree with the blame the OP is placing on House Republicans for a bloated Budget with a $900b deficit. The OP needs to also blame Biden and the democrats for an even bigger deficit as a percentage of GDP.
Biden's 2024 Budget had a $2T deficit, which is bigger than the proposed $900b House Budget deficit. (Covid was 2020/2021). So whining about the GOP deficit of $900b after Biden's non-covid add of $2T is partisan bullshit.
Biden’s 2025 Budget was $7.30T with a $1.8T deficit______TOTAL BIDEN $8.3T
Biden’s 2024 Budget was $7.30T with a $2.0T deficit
Biden's 2023 Budget was $6.13T with a $1.7T deficit
Biden's 2022 Budget was $6.27T with a $1.4T deficit
Trump's 2021 Budget was $6.82T with a $2.8T deficit___ TOTAL TRUMP $7.6T
Trump's 2020 Budget was $6.55T with a $3.1T deficit
Trump's 2019 Budget was $4.40T with a $0.9T deficit
Trump's 2018 Budget was $4.10T with a $0.8T deficit

2. I agree that we need to keep the US dollar as the world's reserve currency, at all costs, which literally means cutting spending, and not just relying on Budget "gimmicks" like having the spending cuts start in 4-years.

3. Trump needs to add a few new taxes to make the Budget and tax cuts for workers balance. As he said, a "Millionaire's Tax" bracket of 40% is not a big deal. I also like deleting the Capital Gains tax break, and add a new Transaction Tax on all financial transactions (mostly hitting "computer" and "day" traders).

4. Our only hope now is for the Senate to step up and save the day, and balance the Budget. Fat chance of that happening. Another straw to grasp are Congress' "Rescission Bills" of the Biden spending spree, like Green and DEI programs.(Podesta's $375b, Stacy Abram's $2b, $42b for zero internet connections, $20b Zeldin's EPA, and DOGE's $160b totals ~$600b)

 

[Marener]

I agree that we need to keep the US dollar as the world's reserve currency, at all costs, which literally means cutting spending, and not just relying on Budget "gimmicks" like having the spending cuts start in 4-years.

It means electing leadership that doesn't change tariffs 50 times in 2 months.

 

[AveMarica]

Of course it will. Trump's new $400 mill plane alone is going to cost us $1 billion to make it Air Force One. And in just about 3 years Trump takes it with him.

Even worse, it will take two years to get the plane qualified to be Air Force One. So Trump would continue to fly in the planes he has for most of his term, then we get to spend even more taxpayer money to remove all that equipment from the plane at the end of his term, then Trump as a civilian ends up with a free plane that costs the taxpayers over a billion for him to use for one year despite USA having those planes and being in the process of making new ones.

The grift on this is amazing, nothing like a man of the people draining the swamp!

 

[AveMarica]

It means electing leadership that doesn't change tariffs 50 times in 2 months.

Yeah man that is how you get corporations to invest billions and years to build new factories in USA, by yanking the rug in and out from under their feat a dozen times in the first three months.