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

[Thinker101]

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

​

Sure, why not hear what could happen from the "experts", I'm sure they might be right one of these days.

 

[odanny]

Sure, why not hear what could happen from the "experts", I'm sure they might be right one of these days.

It's scary to realize that all three branches of government are controlled by Republicans, and that this majority of Congress members all stand bowed before one man, one man who has no idea what he is doing, and is being advised by people who barely know any more about their responsibility than he does.

Government by the least suitable or competent citizens of a state.

 

[kyzr]

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

It not the route, its the end result.

 

[Marener]

It not the route, its the end result.

But it is. Stability is a desirable trait for a reserve currency.

Trump is not stable.

 

[kyzr]

But it is. Stability is a desirable trait for a reserve currency.
Trump is not stable.

The objective is to renegotiate new trade deals that are more fair to the US.

You obviously don't understand what "negotiate" means. Thankfully we do.

You can type all the lies you want, you never prove anything.

Same with the new GOP budget, its a work-in-progress until its signed.

 

[Marener]

The objective is to renegotiate new trade deals that are more fair to the US.

You obviously don't understand what "negotiate" means. Thankfully we do.

You can type all the lies you want, you never prove anything.

Same with the new GOP budget, its a work-in-progress until its signed.

Changing tariff rates 50 times in a few months isn’t stable. That’s not a lie. That’s what he’s done.

You can try to talk about the “goal” all you want, it doesn’t change the fact that he is causing uncertainty and instability. Hell, he brags about being unpredictable.

 

[kyzr]

Changing tariff rates 50 times in a few months isn’t stable. That’s not a lie. That’s what he’s done.

So what? He can change rates 100x, or 200x. So what? What matters is the final agreement.

You can try to talk about the “goal” all you want, it doesn’t change the fact that he is causing uncertainty and instability. Hell, he brags about being unpredictable.

I can agree that there should have been a better tariff rollout than everyone at the same time. One country at a time would have had less chaos, but would have taken a lot longer longer. Trump probably wanted to start getting tariff revenue ASAP which is why we went thru that stock market mess.

Not the point of this thread, your tariff comment is "off-topic".

 

[Thinker101]

It's scary to realize that all three branches of government are controlled by Republicans, and that this majority of Congress members all stand bowed before one man, one man who has no idea what he is doing, and is being advised by people who barely know any more about their responsibility than he does.

Government by the least suitable or competent citizens of a state.

What's even scarier is you clowns lying for four damn years, and then continue to lie in an attempt to save your asses.

 

[Captain Caveman]

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

​

The Left are not willing the government to undertake spending cuts though. They're objecting at every turn.

 

[Nostra]

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

​

Explain how every major tax cut dating back to JFK resulted in higher revenues, Simp.

 

[odanny]

Explain how every major tax cut dating back to JFK resulted in higher revenues, Simp.

Shut up, stupid.

 

[Nostra]

Shut up, stupid.

So you can’t defend your loser, bullshit thread.
‘Got it.

 

[sartre play]

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.

Both party's stink.

 

[kyzr]

Explain how every major tax cut dating back to JFK resulted in higher revenues, Simp.

I know, I know, I know...

Because they borrow more and spend more to juice the economy, get more revenue, and claim its the tax cuts.

This time is different. The ratings agencies now know that the $37T debt will sink the dollar if not addressed. AA1 and falling...

 

[Crepitus]

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

​

Here is their attempt to pay for it:

A trillion dollars taken directly from the poorest to give to the richest.

 

[Foxfyre]

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

​

Since at least Reagan, GOP tax cuts have not cost the U.S. taxpayers a single dime as treasury revenues have significantly increased after all of them. Idiots and partisan opportunists cite only the presumed loss of revenue by fewer taxes collected if everything else stays the same.

But everything else doesn't stay the same. When the tax cuts encourage increased economic productivity, wages are higher, more people are able to get good paying jobs, and more taxes are paid as a result. And especially when that is coupled with more responsible spending, deficits come down.

The Democrats hate that because they want everybody to be dependent on them.

Honorable Americans however see that as a very good thing.

 

[my2¢]

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

For as often as that growth line is used, I'd think by now our streets would be paved with gold rather than the national debt raising higher and higher.

Decades ago I thought the answer to our debt problem was to cut off funds Washington didn't responsibly handle. Now I see Republicans and their tax cuts as enablers to free spenders, especially Democrats.

 

[odanny]

It only makes perfect sense that the worlds richest man has his fingerprints all over this.

I mean, seriously, if you handed this script to Hollywood they would hand it back to you and say "Sorry, too unrealistic, people won't believe it".

 

[Etymology gaslight]

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

​

Americans keep their paychecks, it's fantastic.

 

[Nostra]

Since at least Reagan, GOP tax cuts have not cost the U.S. taxpayers a single dime as treasury revenues have significantly increased after all of them. Idiots and partisan opportunists cite only the presumed loss of revenue by fewer taxes collected if everything else stays the same.

But everything else doesn't stay the same. When the tax cuts encourage increased economic productivity, wages are higher, more people are able to get good paying jobs, and more taxes are paid as a result. And especially when that is coupled with more responsible spending, deficits come down.

The Democrats hate that because they want everybody to be dependent on them.

Honorable Americans however see that as a very good thing.

JFK had major tax cuts that resulted in higher revenue too.
‘He would be a Republican today.