Let’s Roll Back The Tax Cuts Instead

[skews13]

We pay our bills.”
Klobuchar said that the “main goal” is to ensure the United States does not default on its debts

The US national debt is a product of conservatives’ tax cuts and ill convinced wars.

So, Ms Klobucher what’s to negotiate?
A review of stock buy back transactions correlates well with GOP tax cuts, not with corporate business investments:

Charted: The Rise of Stock Buybacks Over 20 Years

Unlike the last two downturns, stock buybacks could hit a record $1.3T in 2022. We chart their growth over the last two decades.

advisor.visualcapitalist.com

If the goal is to pay our bills and reduce the deficit, reverse recent tax cuts. McCarthy’s proposal is to transfer the national debt to the poor and the nation’s wealth to the 1%.

U.S. House of Representatives Speaker Kevin McCarthy has floated a plan that would pair $4.5 trillion in spending cuts with a $1.5 trillion increase in the U.S. debt ceiling.

There is noting to negotiate, and President Biden is right to refuse to negotiate.

Daily Kos

Daily Kos is a progressive news site that fights for democracy by giving our audience information and resources to win elections and impact government. Our coverage is assiduously factual, ethical, and unapologetically liberal. We amplify what we think is important, with the proper context—not...

m.dailykos.com

The free stuff, and hand outs to the 1% and corporations is breaking us.

 

[Mikeoxenormous]

The US national debt is a product of conservatives’ tax cuts and ill convinced wars.
View attachment 778969

So, Ms Klobucher what’s to negotiate?
A review of stock buy back transactions correlates well with GOP tax cuts, not with corporate business investments:
View attachment 778975

Charted: The Rise of Stock Buybacks Over 20 Years

Unlike the last two downturns, stock buybacks could hit a record $1.3T in 2022. We chart their growth over the last two decades.

advisor.visualcapitalist.com

If the goal is to pay our bills and reduce the deficit, reverse recent tax cuts. McCarthy’s proposal is to transfer the national debt to the poor and the nation’s wealth to the 1%.



There is noting to negotiate, and President Biden is right to refuse to negotiate.

Daily Kos

Daily Kos is a progressive news site that fights for democracy by giving our audience information and resources to win elections and impact government. Our coverage is assiduously factual, ethical, and unapologetically liberal. We amplify what we think is important, with the proper context—not...

m.dailykos.com

The free stuff, and hand outs to the 1% and corporations is breaking us.

All you can do is whine that the rich arent paying enough? More money has been given to the poor than any other nation in the world, yet, the poor stay poor. Not because the rich dont share their wealth, but because of the laziness of the poor. I am sick of the poor, and to get them to stop being poor, stop paying them to stay home like you and bitch and moan how unfair life is.



The estimated aggregate cost of the War on Poverty is nearly $28 trillion, which is three and a half times higher than the $8 trillion total price tag of every major war since the American Revolution.

It’s Time to Admit the Feds Are Making Poverty Worse—Not Better​

www.independent.org/news/article.asp?id=11707

 

[johngaltshrugged]

We don't have an income problem, we have an overspending problem & higher taxes won't fix it because they always raise spending more than the increase in income.

We could start by cutting off Ukraine, so I'm all onboard with shutting the endless wars down right now.
Next, eliminate all unConstitutional agencies/programs & cut every remaining budget by 25%, including military.
The tit's dry for all the foreign aid & expecting us to be Team America World Police.

 

[Mikeoxenormous]

We don't have an income problem, we have an overspending problem & higher taxes won't fix it because they always raise spending more than the increase in income.

We could start by cutting off Ukraine, so I'm all onboard with shutting the endless wars down right now.
Next, eliminate all unConstitutional agencies/programs & cut every remaining budget by 25%, including military.
The tit's dry for all the foreign aid & expecting us to be Team America World Police.

View attachment 778986

And close the border. 2 million diseased illegals dont help the system, because Joe Biteme is giving them money to spend along with free Obammyphones. Just think more money being injected into the economy with nothing backing it, so inflation just keeps going up and up. And our food and energy supply gets used up faster.

 

[1srelluc]

The US national debt is a product of conservatives’ tax cuts and ill convinced wars.
View attachment 778969

So, Ms Klobucher what’s to negotiate?
A review of stock buy back transactions correlates well with GOP tax cuts, not with corporate business investments:
View attachment 778975

Charted: The Rise of Stock Buybacks Over 20 Years

Unlike the last two downturns, stock buybacks could hit a record $1.3T in 2022. We chart their growth over the last two decades.

advisor.visualcapitalist.com

If the goal is to pay our bills and reduce the deficit, reverse recent tax cuts. McCarthy’s proposal is to transfer the national debt to the poor and the nation’s wealth to the 1%.



There is noting to negotiate, and President Biden is right to refuse to negotiate.

Daily Kos

Daily Kos is a progressive news site that fights for democracy by giving our audience information and resources to win elections and impact government. Our coverage is assiduously factual, ethical, and unapologetically liberal. We amplify what we think is important, with the proper context—not...

m.dailykos.com

The free stuff, and hand outs to the 1% and corporations is breaking us.

No Mr. Redistribution man, I don't think we will be doing that.

 

[SaxonJackson]

The US national debt is a product of conservatives’ tax cuts and ill convinced wars.
View attachment 778969

So, Ms Klobucher what’s to negotiate?
A review of stock buy back transactions correlates well with GOP tax cuts, not with corporate business investments:
View attachment 778975

Charted: The Rise of Stock Buybacks Over 20 Years

Unlike the last two downturns, stock buybacks could hit a record $1.3T in 2022. We chart their growth over the last two decades.

advisor.visualcapitalist.com

If the goal is to pay our bills and reduce the deficit, reverse recent tax cuts. McCarthy’s proposal is to transfer the national debt to the poor and the nation’s wealth to the 1%.



There is noting to negotiate, and President Biden is right to refuse to negotiate.

Daily Kos

Daily Kos is a progressive news site that fights for democracy by giving our audience information and resources to win elections and impact government. Our coverage is assiduously factual, ethical, and unapologetically liberal. We amplify what we think is important, with the proper context—not...

m.dailykos.com

The free stuff, and hand outs to the 1% and corporations is breaking us.

Uhhhh ... when Biden prints then gives billions to everyone on earth except the American taxpayer ... two things happen:

1) Americans don't have any money to spend in the USA.
2) The value of the dollar drops significantly.

Biden has almost single-handedly destroyed the middle, working class in 2.5 short years (that seem long very long years).

 

[skews13]

No Mr. Redistribution man, I don't think we will be doing that.

Apparently math, charts, facts, and relevant information aren’t your strong points.

The redistribution already happened. Go get an adult, and get them to explain the graphs to you. Apparently even pictures isn’t enough for you.

The people that actually work for a living, and create anything of value want their money back.

 

[Toddsterpatriot]

The US national debt is a product of conservatives’ tax cuts and ill convinced wars.
View attachment 778969

So, Ms Klobucher what’s to negotiate?
A review of stock buy back transactions correlates well with GOP tax cuts, not with corporate business investments:
View attachment 778975

Charted: The Rise of Stock Buybacks Over 20 Years

Unlike the last two downturns, stock buybacks could hit a record $1.3T in 2022. We chart their growth over the last two decades.

advisor.visualcapitalist.com

If the goal is to pay our bills and reduce the deficit, reverse recent tax cuts. McCarthy’s proposal is to transfer the national debt to the poor and the nation’s wealth to the 1%.



There is noting to negotiate, and President Biden is right to refuse to negotiate.

Daily Kos

Daily Kos is a progressive news site that fights for democracy by giving our audience information and resources to win elections and impact government. Our coverage is assiduously factual, ethical, and unapologetically liberal. We amplify what we think is important, with the proper context—not...

m.dailykos.com

The free stuff, and hand outs to the 1% and corporations is breaking us.

The US national debt is a product of conservatives’ tax cuts and ill convinced wars.

We could try reducing wasteful liberal spending and staying out of wars.

A review of stock buy back transactions correlates well with GOP tax cuts, not with corporate business investments:

That's awful! Investors never take that corporate cash and do anything useful with it. LOL!

If the goal is to pay our bills and reduce the deficit, reverse recent tax cuts.

Why?
Raising tax rates just slows the economy, it doesn't increase tax receipts over a max of 20% of GDP

The free stuff, and hand outs to the 1% and corporations is breaking us.

The free stuff, and handouts to everyone is breaking us.
Cut spending to 2019 levels and we'd have a budget surplus.

 

[C_Clayton_Jones]

McCarthy’s proposal is to transfer the national debt to the poor and the nation’s wealth to the 1%.

Republicans want to balance the budget on the backs of working Americans, the elderly, and the poor – as usual.

 

[1srelluc]

Apparently math, charts, facts, and relevant information aren’t your strong points.

The redistribution already happened. Go get an adult, and get them to explain the graphs to you. Apparently even pictures isn’t enough for you.

The people that actually work for a living, and create anything of value want their money back.

Meh, I got mine.....I guess living well is the best revenge when dealing with your ilk.

 

[leftwinger]

Poppycock. You'll double the tax rate on middle class. 2% on upper bracket won't do squat. The top just shifts methods.

Business from 21% back to 28% just kills Trumps roaring job market after getting out of obidens' 2015- 2016 flat stagnation.


You need real reform to find $6-$7 Trillion.

 

[leftwinger]

$10K SALT CAP & $24K std deduction was sheer genius in 2017. Finally coastal elite had to pay up. STD deduction simplified things for 100 million filers. Saving man hous Nationwide.

 

[Mexicano]

The US national debt is a product of conservatives’ tax cuts and ill convinced wars.
View attachment 778969

So, Ms Klobucher what’s to negotiate?
A review of stock buy back transactions correlates well with GOP tax cuts, not with corporate business investments:
View attachment 778975

Charted: The Rise of Stock Buybacks Over 20 Years

Unlike the last two downturns, stock buybacks could hit a record $1.3T in 2022. We chart their growth over the last two decades.

advisor.visualcapitalist.com

If the goal is to pay our bills and reduce the deficit, reverse recent tax cuts. McCarthy’s proposal is to transfer the national debt to the poor and the nation’s wealth to the 1%.



There is noting to negotiate, and President Biden is right to refuse to negotiate.

Daily Kos

Daily Kos is a progressive news site that fights for democracy by giving our audience information and resources to win elections and impact government. Our coverage is assiduously factual, ethical, and unapologetically liberal. We amplify what we think is important, with the proper context—not...

m.dailykos.com

The free stuff, and hand outs to the 1% and corporations is breaking us.

Government debt is not an issue really as long as it doesn't grow exponentially. The government sector is the only sector that can be in negative equity permanently.
The problem is that tax cuts are only being used to fuel financial speculation and produce little or no growth.
Many firms are not using it to increase output but to speculate with land and financial instruments.

Reversing the tax cuts is fine, as long as the government spending is not reduced, cutting government spending is a recipe for recession.

 

[Mexicano]

All you can do is whine that the rich arent paying enough? More money has been given to the poor than any other nation in the world, yet, the poor stay poor. Not because the rich dont share their wealth, but because of the laziness of the poor. I am sick of the poor, and to get them to stop being poor, stop paying them to stay home like you and bitch and moan how unfair life is.



The estimated aggregate cost of the War on Poverty is nearly $28 trillion, which is three and a half times higher than the $8 trillion total price tag of every major war since the American Revolution.

It’s Time to Admit the Feds Are Making Poverty Worse—Not Better​

www.independent.org/news/article.asp?id=11707

View attachment 778978

At an individual level it sounds "nice" to "keep the money you have earned" ( and use it however you like).
On the aggregate level there are lots of problems with this way of thinking:
- money gets invested into assets ( land, housing, buildings) and financial instruments ( stocks, derivatives ,crypto).
These investments contribute a 0% to growth ( unless you are buying IPO from a startup ).
Asset speculation causes an increase in the price of land housing and stocks to soar.
The consequence is that housing becomes unaffordable and the economy stagnates.
On the other hand fiat currency needs a source of demand in order to be valueable. Taxes are the ultimate source of demand of a currency ( the other being demand from foreign countries, either because they have to pay debts in dollars or need to purchase goods and services produced in the US).
Taxation is needed in order to sustain the value of a currency: you need it to pay taxes.

 

[Toddsterpatriot]

Government debt is not an issue really as long as it doesn't grow exponentially. The government sector is the only sector that can be in negative equity permanently.
The problem is that tax cuts are only being used to fuel financial speculation and produce little or no growth.
Many firms are not using it to increase output but to speculate with land and financial instruments.

Reversing the tax cuts is fine, as long as the government spending is not reduced, cutting government spending is a recipe for recession.

cutting government spending is a recipe for recession.

So is raising taxes.

 

[Mexicano]

cutting government spending is a recipe for recession.

So is raising taxes.

Well, not necessarily, you can increase the personal income marginal tax rate without causing a hiccup in the economy. At one point in time (1944 to 1963) it was above 90%.

 

[leftwinger]

Well, not necessarily, you can increase the personal income marginal tax rate without causing a hiccup in the economy. At one point in time (1944 to 1963) it was above 90%.

They have never been able to "COLLECT" more than 20% * GDP no matter where that rate is that you mention. 100 yr chart shows that fact. Money moves, GDP drops? whatever.

 

[Captain Caveman]

The US national debt is a product of conservatives’ tax cuts and ill convinced wars.
View attachment 778969

So, Ms Klobucher what’s to negotiate?
A review of stock buy back transactions correlates well with GOP tax cuts, not with corporate business investments:
View attachment 778975

Charted: The Rise of Stock Buybacks Over 20 Years

Unlike the last two downturns, stock buybacks could hit a record $1.3T in 2022. We chart their growth over the last two decades.

advisor.visualcapitalist.com

If the goal is to pay our bills and reduce the deficit, reverse recent tax cuts. McCarthy’s proposal is to transfer the national debt to the poor and the nation’s wealth to the 1%.



There is noting to negotiate, and President Biden is right to refuse to negotiate.

Daily Kos

Daily Kos is a progressive news site that fights for democracy by giving our audience information and resources to win elections and impact government. Our coverage is assiduously factual, ethical, and unapologetically liberal. We amplify what we think is important, with the proper context—not...

m.dailykos.com

The free stuff, and hand outs to the 1% and corporations is breaking us.

You could role back the tax cuts but you could stall the economy and make things worse. If you think, "Just up taxes to clear the debt", economics is not your forte.

 

[Mikeoxenormous]

Apparently math, charts, facts, and relevant information aren’t your strong points.

The redistribution already happened. Go get an adult, and get them to explain the graphs to you. Apparently even pictures isn’t enough for you.

The people that actually work for a living, and create anything of value want their money back.

How is it that when money is spent willingly for products or services, that you consider that redistribution of wealth? That is called stupidity of the Jones's, because if one guy has something, then everyone must have it. On Black Friday, many uneducated and poor people go into Walmart and buy up the 75 inch television, while two years ago they had a 55 inch and it is still working fine.

There is an old saying "Rich people, dont get rich by spending their money needlessly". The Marxists/Democrats who steal other peoples money by taxation spend it as fast as it comes in. This makes them very dangerous.

 

[Mikeoxenormous]

Government debt is not an issue really as long as it doesn't grow exponentially. The government sector is the only sector that can be in negative equity permanently.
The problem is that tax cuts are only being used to fuel financial speculation and produce little or no growth.
Many firms are not using it to increase output but to speculate with land and financial instruments.

Reversing the tax cuts is fine, as long as the government spending is not reduced, cutting government spending is a recipe for recession.

Cutting government spending is the way to get out of a recession. Especially when you could cut 50% of the workforce(those are non essential anyway) this year, and cut another 50% next year, and you would be having surplus of taxes.....