Trump - if he wins, how much will he increase debt by and how big will the tax cut for the rich be?

[frigidweirdo]

United States Government Debt

Government Debt in the United States increased to 35951601 USD Million in October from 35464674 USD Million in September of 2024. This page provides - United States Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

National debt of the USA in Jan 2017 was $19.9 trillion
In Jan 2021 it was $27.8 trillion

From Jan 2018 the debt's trajectory increased over what it had been under Obama, and then with the coronavirus happening it increased even more.

Trump said he'd deal with it, he didn't even intend to do it before the coronavirus.

Then there were the tax cuts for the rich that was supposed to make everything amazing. But he's complaining about the economy in the nearly 4 years after he left the White House, saying it's not very good, which if true would be an assessment on Trump's policies.

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www.census.gov

Income inequality increased under Trump. It started going up from 2018 onward and didn't stop while Trump was president.

Why? Tax cuts for the rich, more than likely.

 

[DGS49]

The President has very little to do with the deficit. He cannot spend money on his own and he cannot raise or lower taxes. That's Congress. The President can encourage Congress to be rational, but he cannot force it. Our current Congress is totally out of control. No President could fix that on his own.

High School Civics, anyone?

 

[LibertyKid]

The President has very little to do with the deficit. He cannot spend money on his own and he cannot raise or lower taxes. That's Congress. The President can encourage Congress to be rational, but he cannot force it. Our current Congress is totally out of control. No President could fix that on his own.

High School Civics, anyone?

Yep and the OP is the perfect example if civil ignorance in America.

 

[frigidweirdo]

The President has very little to do with the deficit. He cannot spend money on his own and he cannot raise or lower taxes. That's Congress. The President can encourage Congress to be rational, but he cannot force it. Our current Congress is totally out of control. No President could fix that on his own.

High School Civics, anyone?

1) Trump claimed he'd solve all this
2) Trump still claims he'll solve all of this
3) Seems if something good happens under Trump it shows how great he is, but if something bad happens, it's not Trump.... isn't that convenient?

 

[1srelluc]

Glad to see at long last that the OP is seeing Trump as the winner.

BTW.....A POTUS does not have to sign a non-austerity spending Bill.

There are plenty of ways he can use the Bully Pulpit to tell Americans how Congress is working to fuck them over with waste and out and out grift.

 

[frigidweirdo]

Yep and the OP is the perfect example if civil ignorance in America.

Nope, not at all.

The ignorance comes from Trump.



Trump and Hillary debated how to lower debt. Trump didn't lower debt. He said he would. He made debt GO UP faster than it was before he was in the presidency.

Sure, Trump says essentially you say stuff in elections and then totally ignore it, like "lock her up" (which he claims never to have said, but which history has recorded him saying many times) for example.

"“Look, there’s a tradition in American politics that after you win an election, you sort of put things behind you,” he told reporters inside Trump Tower. “And if that’s the decision he reached, that’s perfectly consistent with sort of a historical pattern of things come up, you say a lot of things, even some bad things might happen, and then you can sort of put it behind you in order to unite the nation.”"

Trump says he’s not interested in pursuing case against Clinton

‘It’s just not something that I feel very strongly about,’ Trump told The New York Times.

www.politico.eu

Trump's tax cut was generally attributed to Trump

The 2017 Trump Tax Law Was Skewed to the Rich, Expensive, and Failed to Deliver on Its Promises | Center on Budget and Policy Priorities

Policymakers and the public should understand that the 2017 Trump tax law was skewed to the rich, was expensive and eroded the U.S. revenue base, and failed to deliver promised economic benefits. A 2025 course correction is needed.

www.cbpp.org

"A high-stakes tax policy debate will accelerate this year through 2025 over the pending expiration of the individual income and estate tax provisions of the 2017 Trump tax law."

Trump's tax cut was proposed by Trump, sent to the Republican Senate and Republican House and passed. Why? Because Trump wanted them to do it and it fit their interests. Can Trump avoid all blame when he proposed this?

NO

 

[toobfreak]

National debt of the USA in Jan 2017 was $19.9 trillion
In Jan 2021 it was $27.8 trillion

What you conveniently leave out is the fact that the debt increase was largely due to Obumma's two quantitative easings, to get over the financial crisis started by the SNL meltdown started in 2006 by the democrats (of which Obumma was a part of) giving free home loans to the poor they could not pay back, and Trump was left holding the bag when so many underfunded things had to be repaired.

Why? Tax cuts for the rich, more than likely.

You stupid dupe, all you ever do is whine that the rich don't pay taxes, that they need to pay their fair share, meanwhile, the top few percent wage earners already pay half of all taxes collected! And there are not that many people THAT rich.

Now you wildly zigzag into claiming now Trump is going to give them tax cuts (without giving them to the rest of us). If they don't pay taxes or their fair share (as the left perennially claim), then how much of a cut can you give them? Worse, are you really that GULLIBLE to think you can tax this small group enough to actually make a significant difference in the tax base of the USA which throws around billions of dollars (often given away as charity to other countries) like normal people throw around dollar bills?

You are a complete jackass.

 

[Mac1958]

United States Government Debt

Government Debt in the United States increased to 35951601 USD Million in October from 35464674 USD Million in September of 2024. This page provides - United States Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

National debt of the USA in Jan 2017 was $19.9 trillion
In Jan 2021 it was $27.8 trillion

From Jan 2018 the debt's trajectory increased over what it had been under Obama, and then with the coronavirus happening it increased even more.

Trump said he'd deal with it, he didn't even intend to do it before the coronavirus.

Then there were the tax cuts for the rich that was supposed to make everything amazing. But he's complaining about the economy in the nearly 4 years after he left the White House, saying it's not very good, which if true would be an assessment on Trump's policies.

Loading…

www.census.gov

Income inequality increased under Trump. It started going up from 2018 onward and didn't stop while Trump was president.

Why? Tax cuts for the rich, more than likely.

He made Keynes turn over in his fucking grave the last time around, so I think we know what to expect.

 

[Darkwind]

1) Trump claimed he'd solve all this
2) Trump still claims he'll solve all of this
3) Seems if something good happens under Trump it shows how great he is, but if something bad happens, it's not Trump.... isn't that convenient?

Every politician claims they'll solve this.

Harris is currently making promises on economics she doesn't even understand.

Of the two, Trump has a better chance of solving the debt problem, but he'll be stupid and cut taxes instead of spending.

 

[Independent thinker]

United States Government Debt

Government Debt in the United States increased to 35951601 USD Million in October from 35464674 USD Million in September of 2024. This page provides - United States Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

National debt of the USA in Jan 2017 was $19.9 trillion
In Jan 2021 it was $27.8 trillion

From Jan 2018 the debt's trajectory increased over what it had been under Obama, and then with the coronavirus happening it increased even more.

Trump said he'd deal with it, he didn't even intend to do it before the coronavirus.

Then there were the tax cuts for the rich that was supposed to make everything amazing. But he's complaining about the economy in the nearly 4 years after he left the White House, saying it's not very good, which if true would be an assessment on Trump's policies.

Loading…

www.census.gov

Income inequality increased under Trump. It started going up from 2018 onward and didn't stop while Trump was president.

Why? Tax cuts for the rich, more than likely.

One of you loons just posted the other day that Trump's tax policies would make it so that 93% of Americans wouldn't be paying any federal taxes. This is an admission that tax cuts aren't just for the rich. You guys really need to get your stories straight. By the way, I don't remember hearing Trump ever say that he wanted to spend 50 trillion dollars fighting the weather.

 

[PeanutGallery]

If democrats are so against Trump's tax cuts "for the wealthy", then why didn't the democrats vote or bring a bill to vote on to rescind the Trump tax cuts when the democrats controlled the House, Senate, and the White House?

 

[frigidweirdo]

If democrats are so against Trump's tax cuts "for the wealthy", then why didn't the democrats vote or bring a bill to vote on to rescind the Trump tax cuts when the democrats controlled the House, Senate, and the White House?

I'm not going to defend the Democrats doing nothing about this. The two party system isn't great. However the Democrats will, I assume, not renew this bill, Trump probably will try to.

 

[BluesLegend]

Trump - if he wins, how much will he increase debt by and how big will the tax cut for the rich be?​

Wow how big will your Trump lies be? This is why dumb ass Democrats lose the debate, they can't resist telling big fat whopper lies, pathetic.

 

[John Edgar Slow Horses]

The Dems will have the House and just maybe the Senate, so there will be no increase until at least 2027, and I think Trump will do something removes him from office before 2027.

 

[PeanutGallery]

I'm not going to defend the Democrats doing nothing about this. The two party system isn't great. However the Democrats will, I assume, not renew this bill, Trump probably will try to.

What I'm saying is don't complain about something that was passed into law when you had the power and the ability to get rid of it. Then again, the tax cuts are said to favor the rich. How many poor members of Congress are there?

 

[frigidweirdo]

What I'm saying is don't complain about something that was passed into law when you had the power and the ability to get rid of it. Then again, the tax cuts are said to favor the rich. How many poor members of Congress are there?

And how many people funding the politicians are poor?
The problem here is that politicians will complain about things they had the ability to get rid of. Trump has done it numerous times, Obamacare being one of the biggest.

 

[22lcidw]

1) Trump claimed he'd solve all this
2) Trump still claims he'll solve all of this
3) Seems if something good happens under Trump it shows how great he is, but if something bad happens, it's not Trump.... isn't that convenient?

Joe said he was going to that. The unifier talk was important until his first day in office. It was Deplorables and Dregs nonstop. He had the answer for Covid. The first day it was going to be over. Utopia was coming. Progs know better. They told us. Their endless TV shills told us in any form of entertainment possible. Price product you purchased 4 years ago and today. And it is a huge increase. A real huge increase. Kamala ain't going to help that at all.