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

[BasicHumanUnit]

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

Show of hands....if the OP is really concerned will he voluntarily send more of his income to cover the loss?

Hmmm...not a single hand was raised?

 

[BasicHumanUnit]

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

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

Wait, if he accepted reasonable spending cuts to government spending, he be broke, homeless and starving.

 

[Billiejeens]

“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

That's what always happens.

 

[Foxfyre]

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

For sure these days he would be a Republican. In his time he was an old guard honorable Democrat that pretty much don't exist any more.

I need to add to my intellectual dishonesty thread all the tremendous effort the dishonest Democrats are making to make it appear like Trump is economically incompetent or irresponsible even as they try pretend Biden was not.

 

[JWBooth]

There is nothing "beautiful" about a "big" spending bill that funds far left initiatives like the Green New Scam for decades and adds $20 TRILLION to our national debt. Can we finally admit but for very few people, the GOP is controlled uniparty opposition. We don't have opposing ideologies in DC.

 

[JWBooth]

 

[kyzr]

That's what always happens.

Bullshit.
Increased Revenue only happens because Trump borrowed $8T and spent like a drunk sailor, not because of tax cuts.
If he didn't borrow any money and cut taxes and cut spending tax revenue would decrease, duh.

 

[Billiejeens]

Bullshit.
Increased Revenue only happens because Trump borrowed $8T and spent like a drunk sailor, not because of tax cuts.
If he didn't borrow any money and cut taxes and cut spending tax revenue would decrease, duh.

Fuck off

 

[Billiejeens]

There is nothing "beautiful" about a "big" spending bill that funds far left initiatives like the Green New Scam for decades and adds $20 TRILLION to our national debt. Can we finally admit but for very few people, the GOP is controlled uniparty opposition. We don't have opposing ideologies in DC.

The voters put them in office
The country is not as far right as we want it to be.

 

[Rawley]

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.

It could be $400 Billion.

 

[Orangecat]

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

Incorrect. Tax cuts do not add anything to the deficit or debt. Only borrowing money to cover overspending does.

 

[berg80]

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

​

Buy gold, short the TLT. There's a shit storm coming.

 

[Orangecat]

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

Do you think Trump and the USD are one and the same?

 

[kyzr]

Fuck off

LOL. Your lies are too obvious. Fiscal sanity is too serious to keep drinking the DC KoolAde.