The CONGRESSIONAL BUDGET OFFICE says Biden's BBB bill will add $3 trillion to the DEBT

[Nostra]

I suggest you consult the Laffer curve. It shows that there is a optimum tax rate that maximizes income. Being ABOVE AND BELOW that point means less revenue.

You can "suggest" all you want.

You have no data.

 

[ColonelAngus]

And, would in a heartbeat. We aren't nor is Manchin stupid.
Your point is the game your party is playing

We all know what happens to TEMPORARY Bills.

Like the Patriot Act.

Dems DESTROYED Bush over it...THEN KEPT IT WHEN OBAMA TOOK OFFICE.

 

[g5000]

Have a 3 year old show you how hyperlinks work.
“The Congressional Budget Office and the staff of the Joint Committee on Taxation project that a version of the bill modified as you have specified would increase the deficit by $3.0 trillion over the 2022–2031 period (see Table 2).”

Have a 3 year old show you how to read an entire link and not just the first paragraph. You tards never read anything longer than a tweet.

Now, who is the "you" in the "as you have specified"?

Answer: It's REPUBLICAN Lindsay Graham and REPUBLICAN Jason Smith.

And what does the CBO say IN THE SAME LETTER is the ACTUAL cost of the bill that has been passed in the House?

In comparison, including the same three components, the version of H.R. 5376 that was passed by the House of Representatives would increase the deficit by $0.2 trillion over the 2022–2031 period, CBO projects.

You tards have been played.

 

[Nostra]

I just did you moron.

No, you didn't. You are a liar.

 

[g5000]

Dems said the bill is free.

The CBO said it will add $3 trillion to the debt.

Who do you believe?

The CBO said it will add $0.2 trillion to the debt. Read your own link!

 

[Nostra]

The CBO report was requested by Republicans dummy.

Yeah, so? The Republicans didn't score it, the CBO did, Stupid.

 

[Nostra]

It will add $3 trillion only if the REPUBLICAN changes are implemented.

Show me a list of govt handout programs that have gone away.

GO!

 

[g5000]

Speaker was a Democrat

It's funny how you tards had no problem blaming Obama alone for the debt which accumulated on his watch even though he had a GOP Congress.

How DO you stand the stench of your own hypocrisy?

 

[Nostra]

Most of the Biden bill expires. It is not permanent so the CBO score is bogus.

This is one of the "gimmicks" Manchin spoke about.....THESE WILL ALL JUST GO AWAY IN THREE YEARS.

Never happens.

 

[Nostra]

It's funny how you tards had no problem blaming Obama alone for the debt which accumulated on his watch even though he had a GOP Congress.

How DO you stand the stench of your own hypocrisy?

Reagan never had a GOP Congress, and yet you clowns blame him for every penny of debt.

 

[pknopp]

Spending bills should pay for themselves. Tax cuts are not spending bills.

So it's OK to go further into debt as long as it's just a tax cut?

 

[Nostra]

So it's OK to go further into debt as long as it's just a tax cut?

Revenues went up after Trump's tax cuts for the working folks.

 

[pknopp]

Revenues went up after Trump's tax cuts for the working folks.

The Act is based on tax reform advocated by congressional Republicans and the Trump administration.[7] The nonpartisan Congressional Budget Office (CBO) reported that under the Act individuals and pass-through entities like partnerships and S corporations would receive about $1.125 trillion in net benefits (i.e. net tax cuts offset by reduced healthcare subsidies) over 10 years, while corporations would receive around $320 billion in benefits. The CBO estimated that implementing the Act would add an estimated $2.289 trillion to the national debt over ten years,[8] or about $1.891 trillion after taking into account macroeconomic feedback effects, in addition to the $9.8 trillion increase forecast under the current policy baseline and existing $20 trillion national debt.[9]

Tax Cuts and Jobs Act of 2017 - Wikipedia

 

[bendog]

Have a 3 year old show you how to read an entire link and not just the first paragraph. You tards never read anything longer than a tweet.

Now, who is the "you" in the "as you have specified"?

Answer: It's REPUBLICAN Lindsay Graham and REPUBLICAN Jason Smith.

And what does the CBO say IN THE SAME LETTER is the ACTUAL cost of the bill that has been passed in the House?
In comparison, including the same three components, the version of H.R. 5376 that was passed by the House of Representatives would increase the deficit by $0.2 trillion over the 2022–2031 period, CBO projects.

You tards have been played.

Yeah if they were honest, or bothered with facts, they'd point out that the danger to deficits is if the tax credits are reauthorized.

imo the bill is not good policy with the tax credits. But apparently Machin agreed, and then backed out. He should not do that. He has nothing more than his word in dealing with others.

And from the dems point of view he really has stabbed them in the back. They predicated their bill on making the gop vote against the tax credits again next year BEFORE the election. He's got less cred now than Red Bernie and the prog squad

 

[Nostra]

The Act is based on tax reform advocated by congressional Republicans and the Trump administration.[7] The nonpartisan Congressional Budget Office (CBO) reported that under the Act individuals and pass-through entities like partnerships and S corporations would receive about $1.125 trillion in net benefits (i.e. net tax cuts offset by reduced healthcare subsidies) over 10 years, while corporations would receive around $320 billion in benefits. The CBO estimated that implementing the Act would add an estimated $2.289 trillion to the national debt over ten years,[8] or about $1.891 trillion after taking into account macroeconomic feedback effects, in addition to the $9.8 trillion increase forecast under the current policy baseline and existing $20 trillion national debt.[9]

Tax Cuts and Jobs Act of 2017 - Wikipedia

Wiki?

Ok.

Doesn't change the fact revenues went up after the Trump tax cuts for working folks. Any increase in the debt was due to spending.

 

[pknopp]

Wiki?

Ok.

Doesn't change the fact revenues went up after the Trump tax cuts for working folks. Any increase in the debt was due to spending.

We've covered this. The debt went up just like the CBO said it would.

 

[Meister]

It's funny how you tards had no problem blaming Obama alone for the debt which accumulated on his watch even though he had a GOP Congress.

How DO you stand the stench of your own hypocrisy?

Damn your funny and willfully ignorant if you think the sunset components will actually go
away in three years. The dems are counting on people like you to fall for the gimmicks to go
along with this smoke and mirror trick. Now, by all means come back and retort this post by
deflecting to Truuuuump.
People just aren't as stupid as what you and YOUR ilk think

 

[Lesh]

"The Congressional Budget Office and the staff of the Joint Committee on
Taxation project that a version of the bill modified as you have specified
would increase the deficit by $3.0 trillion over the 2022–2031 period (see
Table 2)."

AS YOU SPECIFIED. Not the actual Bill

I seem to recall the Dems claiming the bill is FREE.

What happened to that?

It was never "free". It was "paid for"...until Republicans and conservatives fucked with it

 

[Nostra]

We've covered this. The debt went up just like the CBO said it would.

It did? Is it 2027 already? It was ten year guess.

Also, they did not include the Covid stimulus freebies, so I would say THAT is where additional debt came from.

 

[Nostra]

Damn your funny and willfully ignorant if you think the sunset components will actually go
away in three years. The dems are counting on people like you to fall for the gimmicks to go
along with this smoke and mirror trick. Now, by all means come back and retort this post by
deflecting to Truuuuump.
People just aren't as stupid as what you and YOUR ilk think

That was the main gimmick Manchin said caused his no vote.