Now I understand why Trump wanted it. GOP got completely outplayed again. Not increasing the debt ceiling means that Trump cannot enact his tax cuts.

[Nostra]

Yes, you are lying.

More lies.

 

[Nostra]

How do you feel after you learned the truth about Biden's debt? Sleepy?

Dimwingers routinely ignore facts.

 

[lafayette]

The deficit from covid is not structural deficit. Biden's structural deficits are higher than Trump's.

Obama is the one that institutionalized the trillion dollar deficit.

Trump's tax cuts benefited the lower and middle classes the most when it is looked as the portion of income that the gov't takes away.

The SALT cap hit the highest earners, who lost on average $11,000 of SALT deduction.

The QBI was a godsend to small business owners making under $100K- it made 20% of their business earnings tax free. They could use that money to make investments in their business, and they did.

Letting the waitress keep all of her tips tax free isn't a tax cut for the rich. Allowing the retired person, who depends on his SS and a maybe a modest IRA to have his social security non-taxable is not a tax break for the rich.

The economy will be healthier with a lower tax burden, and that translates to faster growth and ultimately more tax revenues.

Prove it. You can't.

 

[boevans]

Nostra believes yesterday's votes in the House and Senate were massive mandate granting actions?

 

[Mac-7]

I have to admit, it's so easy to appear to be a great tactician when you have a willing partner on the other side, which the Dems always have.

Apparently Trump cannot decrease taxes without the increase to the debt ceiling. This means even when GOP have total control, they will have to bend to the Dems to increase the debt ceiling for Trump to be able to cut taxes because from the sources I heard from your Congressional Budget Office will rule that he cannot cut taxes because they don't have the money, the balance sheet doesn't add up.

This also goes for the mass deportation efforts which costs money.

After some research it is clear that once Trump takes office he is going to have to lay the hammer down and not agree to sign ANYTHING unless he is able to cut costs so that he can afford his other campaign promises. He has zero wiggle room. He is going to have to demand that his reps find "pay-fors" so that he can make it work.

Inflation is going to continue to increase. I don't even see many big differences between the first Bill and the final Bill, it's why the Dems voted for it unanonymously. IF Trump can cut massive fat, he might be able to decrease inflation. He's going to have to look at the Argentina model.

If I am Trump, I execute multiple E.Os on day one and then I meet with Musk, Vivek and Rand Paul and dissect what needs to happen to cut costs, get pay-fors so that Trump can operate to enact his campaign promises.

Trumps second term is going to be inconsequential if he doesn't get spending under control. You are going to have two years of some blind dancing by Fox News, but citizens will not experience savings in their lives, Dems will take back the House in two years and all the while they will be in defacto control anyways as they are going to be needed in order to increase your debt ceiling.

Maybe Trumps nominees can make a difference and/or DOGE can find massive savings that will be enacted, but his hands are going to be tied. The shutdown would have been the better outcome for the GOP IMO. How much of the money they just signed is going to be quietly shifted over to big law firms who will fight Trump at every turn?

The Dems outplayed the GOP which shouldn't surprise anyone. It isn't always known immediately, but after I do some research, it always becomes clear and it's the same outcome, the Dems outplay GOP once again. The loser is the American consumer and the possibility of avoiding U.S solvency.

Tax cuts are doable by decreasing spending