Has the former GOP's concern for deficits completely evaporated?

[berg80]

Trump tax plans could exempt 93 million Americans from income taxes​

Former President Donald Trump’s tax reform ideas could offer total or partial income tax exemptions to roughly 93.2 million Americans, a meaningful chunk of the U.S. electorate, according to CNBC’s analysis of several estimates.

As part of his economic pitch to voters, Trump has floated a sweeping tax overhaul, including a slate of income tax breaks.

So far, the Republican presidential nominee has officially proposed eliminating income tax on tips and Social Security benefits, along with overtime pay. And last week, in an interview on the sports media site OutKick, Trump said he would consider tax exemptions for firefighters, police officers, military personnel and veterans.

Trump has said he would replace the lost tax revenue with revenue from tariffs, but tax experts say tariffs would not offset the tax losses.

https://www.cnbc.com/2024/10/21/trump-income-tax-plans-exempt-93-million-americans-harris-election.html

Meanwhile.........

Trump plan would make Social Security insolvent in just 6 years, budget group says​

Former President Donald Trump’s campaign plans would significantly accelerate the already-fast-approaching date when Social Security is projected to run out of money, a nonpartisan budget group said Monday.

Trump’s agenda would make the popular government program, relied upon by millions of American seniors, insolvent in six years — shrinking the current timeline by a third, the group found.

The Republican nominee’s proposals would also expand Social Security’s cash shortfall by trillions of dollars and lead to even steeper benefit cuts in the coming years, said US Budget Watch 2024, a project of the Committee for a Responsible Federal Budget.

https://www.cnbc.com/2024/10/21/trump-social-security-plan-insolvency-faster-study.html

Massive deficits and SS insolvency. Sounds awesome. Start stockpiling beef jerky, water, and gold.

 

[ThunderKiss1965]

Trump tax plans could exempt 93 million Americans from income taxes​

Former President Donald Trump’s tax reform ideas could offer total or partial income tax exemptions to roughly 93.2 million Americans, a meaningful chunk of the U.S. electorate, according to CNBC’s analysis of several estimates.

As part of his economic pitch to voters, Trump has floated a sweeping tax overhaul, including a slate of income tax breaks.

So far, the Republican presidential nominee has officially proposed eliminating income tax on tips and Social Security benefits, along with overtime pay. And last week, in an interview on the sports media site OutKick, Trump said he would consider tax exemptions for firefighters, police officers, military personnel and veterans.

Trump has said he would replace the lost tax revenue with revenue from tariffs, but tax experts say tariffs would not offset the tax losses.

https://www.cnbc.com/2024/10/21/trump-income-tax-plans-exempt-93-million-americans-harris-election.html

Meanwhile.........

Trump plan would make Social Security insolvent in just 6 years, budget group says​

Former President Donald Trump’s campaign plans would significantly accelerate the already-fast-approaching date when Social Security is projected to run out of money, a nonpartisan budget group said Monday.

Trump’s agenda would make the popular government program, relied upon by millions of American seniors, insolvent in six years — shrinking the current timeline by a third, the group found.

The Republican nominee’s proposals would also expand Social Security’s cash shortfall by trillions of dollars and lead to even steeper benefit cuts in the coming years, said US Budget Watch 2024, a project of the Committee for a Responsible Federal Budget.

https://www.cnbc.com/2024/10/21/trump-social-security-plan-insolvency-faster-study.html

Massive deficits and SS insolvency. Sounds awesome. Start stockpiling beef jerky, water, and gold.

Cut spending problem solved. Why do you loons hate to see hard working people keep more of the money they earned ? Why do you loons never complain about the 44% who pay no income taxes ?

 

[Toddsterpatriot]

Trump tax plans could exempt 93 million Americans from income taxes​

Former President Donald Trump’s tax reform ideas could offer total or partial income tax exemptions to roughly 93.2 million Americans, a meaningful chunk of the U.S. electorate, according to CNBC’s analysis of several estimates.

As part of his economic pitch to voters, Trump has floated a sweeping tax overhaul, including a slate of income tax breaks.

So far, the Republican presidential nominee has officially proposed eliminating income tax on tips and Social Security benefits, along with overtime pay. And last week, in an interview on the sports media site OutKick, Trump said he would consider tax exemptions for firefighters, police officers, military personnel and veterans.

Trump has said he would replace the lost tax revenue with revenue from tariffs, but tax experts say tariffs would not offset the tax losses.

https://www.cnbc.com/2024/10/21/trump-income-tax-plans-exempt-93-million-americans-harris-election.html

Meanwhile.........

Trump plan would make Social Security insolvent in just 6 years, budget group says​

Former President Donald Trump’s campaign plans would significantly accelerate the already-fast-approaching date when Social Security is projected to run out of money, a nonpartisan budget group said Monday.

Trump’s agenda would make the popular government program, relied upon by millions of American seniors, insolvent in six years — shrinking the current timeline by a third, the group found.

The Republican nominee’s proposals would also expand Social Security’s cash shortfall by trillions of dollars and lead to even steeper benefit cuts in the coming years, said US Budget Watch 2024, a project of the Committee for a Responsible Federal Budget.

https://www.cnbc.com/2024/10/21/trump-social-security-plan-insolvency-faster-study.html

Massive deficits and SS insolvency. Sounds awesome. Start stockpiling beef jerky, water, and gold.

Trump tax plans could exempt 93 million Americans from income taxes​

What's the current number?

 

[BluesLegend]

Cut spending problem solved. Why do you loons hate to see hard working people keep more of the money they earned ? Why do you loons never complain about the 44% who pay no income taxes ?

Democrats have convinced themselves that people's money they earn is really governments money. That government spending somehow ENTITLES them to everyone's money.

 

[Oddball]

93 million exempt from the odious communistic income tax is a good start.

When can the rest of the nation be liberated from it as well?

 

[Lesh]

Cut spending problem solved. Why do you loons hate to see hard working people keep more of the money they earned ? Why do you loons never complain about the 44% who pay no income taxes ?

What are you gonna cut.

The military?

Social security?

Medicare?

 

[Oddball]

Cut spending problem solved. Why do you loons hate to see hard working people keep more of the money they earned ? Why do you loons never complain about the 44% who pay no income taxes ?

And they never complain about "price gouging" or "greed" when over half of someone's income is stolen by the bureaucrats.

 

[BluesLegend]

And they never complain about "price gouging" or "greed" when over half of someone's income is stolen by the bureaucrats.

That doesn't even factor in the MF'ers DEATH taxes which is outright theft of money that taxes were already paid on. Government MF'ers are double dipping on taxes all over the place, local, state and federal.

 

[ThunderKiss1965]

What are you gonna cut.

The military?

Social security?

Medicare?

The military is in the Constitution. You will not find entitlement programs mentioned anywhere in the document.The state you live in can decide to tax you to death to provide all that other shit.

 

[yidnar]

Trump tax plans could exempt 93 million Americans from income taxes​

Former President Donald Trump’s tax reform ideas could offer total or partial income tax exemptions to roughly 93.2 million Americans, a meaningful chunk of the U.S. electorate, according to CNBC’s analysis of several estimates.

As part of his economic pitch to voters, Trump has floated a sweeping tax overhaul, including a slate of income tax breaks.

So far, the Republican presidential nominee has officially proposed eliminating income tax on tips and Social Security benefits, along with overtime pay. And last week, in an interview on the sports media site OutKick, Trump said he would consider tax exemptions for firefighters, police officers, military personnel and veterans.

Trump has said he would replace the lost tax revenue with revenue from tariffs, but tax experts say tariffs would not offset the tax losses.

https://www.cnbc.com/2024/10/21/trump-income-tax-plans-exempt-93-million-americans-harris-election.html

Meanwhile.........

Trump plan would make Social Security insolvent in just 6 years, budget group says​

Former President Donald Trump’s campaign plans would significantly accelerate the already-fast-approaching date when Social Security is projected to run out of money, a nonpartisan budget group said Monday.

Trump’s agenda would make the popular government program, relied upon by millions of American seniors, insolvent in six years — shrinking the current timeline by a third, the group found.

The Republican nominee’s proposals would also expand Social Security’s cash shortfall by trillions of dollars and lead to even steeper benefit cuts in the coming years, said US Budget Watch 2024, a project of the Committee for a Responsible Federal Budget.

https://www.cnbc.com/2024/10/21/trump-social-security-plan-insolvency-faster-study.html

Massive deficits and SS insolvency. Sounds awesome. Start stockpiling beef jerky, water, and gold.

Americans not being taxed enough is not the reason for the deficit ..

 

[DGS49]

What are you gonna cut.

The military?

Social security?

Medicare?

JESUS CHRIST! What the hell were you doing during high school Civics class?

The "military" is specifically set forth in the Constitution as within Congress' power to fund. Compare with "education," housing, healthcare, SNAP, and NPR, none of which is included among Congress' powers.

SS and Medicare are funded by PAYROLL TAXES, and are not part of the Federal Budget! Congress can "cut" SS benefits but no congress-person would ever vote for such a thing. It would be political suicide.

For the record, if the Ss "Trust Fund" is depleted, SS would go on a pay-as-you-go basis and benefits would be cut by about 20%. But that will never happen.

 

[climate chang]

JESUS CHRIST! What the hell were you doing during high school Civics class?

Lesh was in Q boy studies class.

 

[Lesh]

JESUS CHRIST! What the hell were you doing during high school Civics class?

The "military" is specifically set forth in the Constitution as within Congress' power to fund. Compare with "education," housing, healthcare, SNAP, and NPR, none of which is included among Congress' powers.

SS and Medicare are funded by PAYROLL TAXES, and are not part of the Federal Budget! Congress can "cut" SS benefits but no congress-person would ever vote for such a thing. It would be political suicide.

For the record, if the Ss "Trust Fund" is depleted, SS would go on a pay-as-you-go basis and benefits would be cut by about 20%. But that will never happen.

So if you’re not going to cut the military or social security or Medicare or Medicaid

What are you going to cut that will add up to anything?

It always comes down to this and there just isn’t a lot of places to cut that will add up to much and won’t fuck things up like crazy

 

[Rawley]

Trump tax plans could exempt 93 million Americans from income taxes​

What's the current number?

The top 50% pay 97% of income taxes

Summary of the Latest Federal Income Tax Data, 2024 Update

The Tax Cuts and Jobs Act (TCJA) made many significant, but temporary, changes to the individual income tax code to lower tax rates, widen brackets, increase the standard deduction and child tax credit, and more.

taxfoundation.org

 

[lantern2814]

Cut spending problem solved. Why do you loons hate to see hard working people keep more of the money they earned ? Why do you loons never complain about the 44% who pay no income taxes ?

How much money do those 44% also get back during tax season? They don't pay in, yet a lot of them get back thousands. If you don't pay in, you shouldn't get anything back either.

 

[Lesh]

Do the Rich Pay Their Fair Share? - Federal Budget in Pictures

In 2012, the top 10% of income earners earned 45% of all income and paid 70% of all federal income taxes.

www.federalbudgetinpictures.com

Yes the top one per cent as a group pay the largest amount of tax.

Two things

That’s not spread evenly. Some pay little or nothing depending on how they structure their finances

They receive and enormous amount of earned income and own an enormous amount of the wealth

 

[eagle7-31]

Trump tax plans could exempt 93 million Americans from income taxes​

Former President Donald Trump’s tax reform ideas could offer total or partial income tax exemptions to roughly 93.2 million Americans, a meaningful chunk of the U.S. electorate, according to CNBC’s analysis of several estimates.

As part of his economic pitch to voters, Trump has floated a sweeping tax overhaul, including a slate of income tax breaks.

So far, the Republican presidential nominee has officially proposed eliminating income tax on tips and Social Security benefits, along with overtime pay. And last week, in an interview on the sports media site OutKick, Trump said he would consider tax exemptions for firefighters, police officers, military personnel and veterans.

Trump has said he would replace the lost tax revenue with revenue from tariffs, but tax experts say tariffs would not offset the tax losses.

https://www.cnbc.com/2024/10/21/trump-income-tax-plans-exempt-93-million-americans-harris-election.html

Meanwhile.........

Trump plan would make Social Security insolvent in just 6 years, budget group says​

Former President Donald Trump’s campaign plans would significantly accelerate the already-fast-approaching date when Social Security is projected to run out of money, a nonpartisan budget group said Monday.

Trump’s agenda would make the popular government program, relied upon by millions of American seniors, insolvent in six years — shrinking the current timeline by a third, the group found.

The Republican nominee’s proposals would also expand Social Security’s cash shortfall by trillions of dollars and lead to even steeper benefit cuts in the coming years, said US Budget Watch 2024, a project of the Committee for a Responsible Federal Budget.

https://www.cnbc.com/2024/10/21/trump-social-security-plan-insolvency-faster-study.html

Massive deficits and SS insolvency. Sounds awesome. Start stockpiling beef jerky, water, and gold.

Neither party in Congress really cares much, They have not for years, Just an FYI.

 

[whitehall]

We are in a freaking deficit but we get nothing for it except inflation. Why is the deficit a concern only in republican administrations?

 

[my2¢]

The top 50% pay 97% of income taxes

Isn't that 50% based on taxable income? If so, then it becomes a matter of how "taxable income" is defined. I have notion that any working stuff who is part of the 50% takes a screwing from both sides.

 

[berg80]

Cut spending problem solved. Why do you loons hate to see hard working people keep more of the money they earned ? Why do you loons never complain about the 44% who pay no income taxes ?

It is both disappointing and disturbing that you folks can not address the topics presented to you. Deflection has become an irreplaceable crutch for trumples.