Make no mistake, Republicans raised the debt ceiling. Biden and Schumer are refusing to raise the debt ceiling.

[Faun]

True he did, but we learned the lessons of taxes like that during the Clinton admin.

It was the law longer under Bush than it was under Clinton.

 

[Mac-7]

Bush signed that into law.

Right you are

Thanks for the correction

But the lesson learned is still the same

https://www.washingtonpost.com/archive/business/1993/07/16/how-to-sink-an-industry-and-not-soak-the-rich/08ea5310-4a4b-4674-ab88-fad8c42cf55b/

 

[hadit]

Or car leases?

The interest on a whole lot of things was deductible before Reagan, so if you want to bring back the high tax rates he lowered, be prepared to bring back the deductions he eliminated as well.

 

[Lesh]

The interest on a whole lot of things was deductible before Reagan, so if you want to bring back the high tax rates he lowered, be prepared to bring back the deductions he eliminated as well.

That would mean that Social Security would no longer be taxable… UI benefits too

 

[hadit]

That would mean that Social Security would no longer be taxable… UI benefits too

Yup. Reagan made some real trade-offs to lower those tax rates. Trade-offs that most tax increasers today don't remember.

 

[Lesh]

Yup. Reagan made some real trade-offs to lower those tax rates. Trade-offs that most tax increasers today don't remember.

Putting taxes on social security and unemployment is not lowering tax rates. It’s increasing taxes on the poor and middle class

 

[Nostra]

Putting taxes on social security and unemployment is not lowering tax rates. It’s increasing taxes on the poor and middle class

He didn't say it was. Everyone got lower tax rates.

 

[hadit]

Putting taxes on social security and unemployment is not lowering tax rates. It’s increasing taxes on the poor and middle class

You're conflating different things. In order to get those lower tax rates, deductions were eliminated and other taxes were increased. That just means that most of those screeching for the tax rates before Reagan would never be willing to make the trade-offs necessary to go back to them.

 

[dudmuck]

Republicans have done all that is needed to raise the debt ceiling and avoid defaulting in our debt and wrecking the economy.

Why are Schumer and Biden driving the country off a cliff?