- Jul 22, 2019
- Reaction score
Biden is rolling back tax cuts that have been in place for four yearsIt is widely known and accepted that corporations recoup higher taxes via payroll deductions or higher prices. This is not a point that can be reasonably debated.
Do you realize that Biden's corporate tax proposal would put US corporations at a decided disadvantage when compared to other country's tax rates, including China's? What effect do you think that will have?
Correct, SS & Medicare are underfunded. Medicare goes bankrupt in 2024, and SS goes insolvent in 2033 (pays only 75% of promised benefits).Perhaps you aren't told about this in your universe, but both Social Security and Medicare are on shaky financial ground as currently constructed.
So you're saying you can slash taxes, control the debt, and not cut Medicare, Medicaid, Social Security, Welfare? Really?
Biden is rolling back tax cuts that have been in place for four years
They paid those rates before without a global crisis
If you go back to post #1 Mac1958 is not addressing the republican leadership since I doubt that they follow him closely on this forumI was speaking about elected Republicans.
It can be done on a head of a pin.
That's true. We've been wondering on this thread how much tech advances would allow for cuts in the military, so we need to look at that, at least. But entitlements represent a majority of our spending. So in a nutshell, we either cut entitlements, increase taxes, or find a happy medium therein.What do you propose be cut? Other than social programs, there is little room for spending cuts.
Before free trade embittered libs used to complain that the evil corporations mistreated workers because they were protected from foreign competitionWe protect "corporate interests". Corporations that are happy to leave American workers high and dry.
Where in Europe? The Army in Germany is already operating with practically a skeleton crew. They are supplement from stateside units now deploying to eastern Europe. My daughter's command returned earlier this year from Romania and Bulgaria.1. Europe to start. Maybe South Korea. Look at the rest on a case by case basis.
2. D.O.D. I forget why. Heard an argument made that the few things they can actually do, could be folded into other departments and money saved.
So in a nutshell, we either cut entitlements, increase taxes, or find a happy medium therein.
Calm down.There you go again with the increase taxes thing. What is it that you don't understand or accept about the idea of cutting taxes increases revenue in the long term. I guess facts be damned to you. Reagan and Kennedy both did it and revenues increased. The same would have been true for Trump if COVID had not thrown a monkey wrench in everything.