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

[leftwinger]

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

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DOGE: Department of Government Efficiency

DOGE: Department of Government Efficiency

doge.gov

Most debt since 09' not equally added. Deep state rang up $28T new debt in 16 years? Equal? Congress. Look at the last 4 years! Nothing is equal.

 

[kyzr]

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.

DUH, the CBO is the official number cruncher for budgets and projections.

https://edition.cnn.com/2025/05/28/politics/tax-bill-cbo-estimates-deficit-explained

How the government makes a $3.8 trillion educated guess​

 

[kyzr]

Most debt since 09' not equally added. Deep state rang up $28T new debt in 16 years? Equal? Congress. Look at the last 4 years! Nothing is equal.

Obama had the financial crisis to deal with, (see movie "Too Big to Fail), and Trump had the Covid shutdown to deal with.

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

...4 x $8T = $32T

 

[CrusaderFrank]

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

​

 

[CrusaderFrank]

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

Neither are the Republicans

A sinkhole should swallow all of DC except Massie, Paul, Johnson, MTG, Roy, Hawley, Macy and a small handful of others

 

[HikerGuy83]

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

​

9 Trillion ?

Who cares ?

Biden practically did that himself.