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

[odanny]

Where did ya go odanny ?

Shut up, stupid.

 

[blackhawk]

Amusing how people only care about the national debt and government spending when it’s not the party they support doing it. We are well past the point of no return on this personally I would have at least some respect for the politicians who just admitted this and stopped pretending they will or even can do anything about it.

 

[kyzr]

Amusing how people only care about the national debt and government spending when it’s not the party they support doing it. We are well past the point of no return on this personally I would have at least some respect for the politicians who just admitted this and stopped pretending they will or even can do anything about it.

1. BOTH parties added almost equally to the national debt.

1. What "point of no return"? Bridget Fonda's?

Point of No Return (1993) ⭐ 6.1 | Action, Crime, Drama

1h 49m | R

www.imdb.com

2. What politicians admitted what? That we have a $35T national debt? They all do.

3. Only Republicans are cutting spending, Joe Biden and the democrats only wanted to create $600b in slush funds.

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Administrator Zeldin Terminates Biden-Harris $20B 'Gold Bar' Grants | US EPA

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$42B Harris plan has connected zero homes to Internet | FreePressers

Is Kamala Harris using a modem from 1993 to attempt to deliver high speed Internet to millions of Americans in rural area...

freepressers.com

DOGE: Department of Government Efficiency

DOGE: Department of Government Efficiency

doge.gov

 

[imawhosure]

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

​

And if ODUMMY wouldn't have stopped to poop, he would have caught the rabbit too.

SHOULDA/WOULDA/COULDA is really big in the Leftist vocabulary. Projections is all you have. Not a one of you has enough brain power to light a candle, so listening to you is an exercise in downright stupidity!

 

[initforme]

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

Theres plenty of places to cut besides medicaid.

 

[BluesLegend]

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

Meh, we'll cut $10 trillion in Dem spending and profit $1 trillion

 

[BluesLegend]

The DNC is trying to collapse the system

...and CONFISCATE everyone's wealth to be redistributed by Democrats.

 

[kyzr]

Shut up, stupid.

Your OP is based on some "Tax Foundation?" projection. Never heard of them.

The "real" analysis comes from the CBO, who said the House budget has a $380b a year deficit, based on a 1.8% GDP growth or $3.8T added to the Debt in 10-years (NOT $9T).
Here are a few more "factoids" for you:
1. Trump's tariffs could generate $400b in new revenue
2. Trump wants the top tax rate raised to 40%, which would generate about $500b in new revenue
3. DOGE could find more than $180b in savings
4. The Fed will lower interest rates which will save on the $1b interest payments
5. The $14T, that is $TRILLION of new investments should get the GDP growing more than 1.8% a year, generating more revenue.

 

[Nostra]

Shut up, stupid.

Can’t find that $9 trillion deficit data?

 

[odanny]

Your OP is based on some "Tax Foundation?" projection. Never heard of them.

Well, that's your problem, maybe you should do some homework and find out who this non-partisan group is and what they do.

Here is a hint: They crunch numbers and report facts. You may not be familiar with this type of information.

 

[Nostra]

Well, that's your problem, maybe you should do some homework and find out who this non-partisan group is and what they do.

Here is a hint: They crunch numbers and report facts. You may not be familiar with this type of information.

You don’t even know the difference between debt and deficit, Simp.

 

[Thinker101]

Shut up, stupid.

Yep, when ya got nothing, go with an insult...you must be a fricken liberal.

 

[odanny]

Yep, when ya got nothing, go with an insult...you must be a fricken liberal.

Be quiet.

 

[Thinker101]

Be quiet.

Don't worry, not laughing with you, laughing at you.

 

[Tumblin Tumbleweed]

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.

Right. It was great how the orange bag O' shit negotiated the Ukraine/Russia truce to end the war.

The orange bag O' shit is killing it with his tariff negotiations with 'Chy-NA'. Their economy is totally in shambles, they pay all the tariffs and American manufacturing is king again. Inflation no longer exists in America.

That negotiation to make Canada the 51st state was pure brilliance, welcoming our neighbors to the north into the fold. It's so nice not needing a passport/Real ID to visit anymore.

His negotiations with Congress on his BBB are masterful.

 

[struth]

Right. It was great how the orange bag O' shit negotiated the Ukraine/Russia truce to end the war.

The orange bag O' shit is killing it with his tariff negotiations with 'Chy-NA'. Their economy is totally in shambles, they pay all the tariffs and American manufacturing is king again. Inflation no longer exists in America.

That negotiation to make Canada the 51st state was pure brilliance, welcoming our neighbors to the north into the fold. It's so nice not needing a passport/Real ID to visit anymore.

His negotiations with Congress on his BBB are masterful.

Right on!!

 

[Tumblin Tumbleweed]

Right on!!

Right on indeed. You would need to open your skull, scoop out half of that pesky brain matter, throw it in the garbage, close it back up and put on a red hat to believe the content in post #75.

Life on planet magaturd is bliss.

 

[struth]

Right on indeed. You would need to open your skull, scoop out half of that pesky brain matter, throw it in the garbage, close it back up and put on a red hat to believe the content in post #75.

Life on planet magaturd is bliss.

You are right life is blissful today

 

[Tumblin Tumbleweed]

You are right life is blissful today

Of course it is, pony boy, of course it is.

 

[struth]

Of course it is, pony boy, of course it is.

Pure bliss