Trump’s tax plan would add 4 trillion to the national debt in 10 years

[kyzr]

That's odd. How could increased revenue of 24% contribute to deficits?

Can someone on the left explain this math?

Because the stupid ***** BORROWED $8T, duh.

The tax cuts raised revenue slightly, but raised BORROWING and the DEBT a lot.

So I agree that cutting taxes without cutting spending more is moronic.

 

[struth]

It’s not surprising that republicans were mostly silent on Biden’s contribution to the national debt. After all, Trump added 8 trillion to it in 4 years. No avoiding that fact in response huh? Now Trump’s tax plan for his embarrassing second term tells us he will add another 4 trillion. What kind of moron would actually think tax cuts would pay for themselves?

Now I suppose it will continue to be something that goes unsaid. After all,
It’s only bad when democrats add to the debt.

Trump’s Tax Plan Could Add to Debt Burden. Harris’ Plan Tracks Biden’s.

WASHINGTON — Former President Donald Trump keeps adding new tax cuts to his list of campaign promises, and their projected costs keep piling up. Independent analyses suggest Trump’s plans could add close to $4 trillion over the next decade to America’s already fast-growing national debt, even...

www.yahoo.com

“Could add?” Haha

Harris/xiden policies have made a record number of Americans worse off. If elected harris will continue the war on the working class

 

[1srelluc]

And it's the most unused feature on a dem phone.

 

[C_Clayton_Jones]

After all,
It’s only bad when democrats add to the debt.

Exactly – such is the blind partisan right.

And that Trump would add $4 trillion to the national debt is yet another of countless reasons why Trump is unfit to be president.

 

[SassyIrishLass]

Exactly – such is the blind partisan right.

And that Trump would add $4 trillion to the national debt is yet another of countless reasons why Trump is unfit to be president.

Since when has a democrat gave a damn about debt?

 

[wamose]

If Republicans could cut all the ridiculous Democrat spending, we could actually start reducing the deficit. Start by cutting the hundreds of billions Biden is currently spending on illegal aliens. MAGA

 

[Independent thinker]

It’s not surprising that republicans were mostly silent on Biden’s contribution to the national debt. After all, Trump added 8 trillion to it in 4 years. No avoiding that fact in response huh? Now Trump’s tax plan for his embarrassing second term tells us he will add another 4 trillion. What kind of moron would actually think tax cuts would pay for themselves?

Now I suppose it will continue to be something that goes unsaid. After all,
It’s only bad when democrats add to the debt.

Trump’s Tax Plan Could Add to Debt Burden. Harris’ Plan Tracks Biden’s.

WASHINGTON — Former President Donald Trump keeps adding new tax cuts to his list of campaign promises, and their projected costs keep piling up. Independent analyses suggest Trump’s plans could add close to $4 trillion over the next decade to America’s already fast-growing national debt, even...

www.yahoo.com

And Kamala Harris favors the Green New Deal, which would add 50 trillion dollars onto the national debt.

 

[Harpy Eagle]

Um, the Trump Tax cut was passed Dec 19th, 2017.

Treasury receipts soared 24% in the following three years during Trump's term. Source link

Clearly, the problem is spending.

The problem is spending.

The other problem is nobody with a chance to win will do anything but spend even more.

We as a country need to quit pretending we care about the debt and spending because we never vote like we care during an actual election.

 

[Harpy Eagle]

Since when has a democrat gave a damn about debt?

about the same time the Repubs did....

 

[HikerGuy83]

It’s not surprising that republicans were mostly silent on Biden’s contribution to the national debt. After all, Trump added 8 trillion to it in 4 years. No avoiding that fact in response huh? Now Trump’s tax plan for his embarrassing second term tells us he will add another 4 trillion. What kind of moron would actually think tax cuts would pay for themselves?

Now I suppose it will continue to be something that goes unsaid. After all,
It’s only bad when democrats add to the debt.

Trump’s Tax Plan Could Add to Debt Burden. Harris’ Plan Tracks Biden’s.

WASHINGTON — Former President Donald Trump keeps adding new tax cuts to his list of campaign promises, and their projected costs keep piling up. Independent analyses suggest Trump’s plans could add close to $4 trillion over the next decade to America’s already fast-growing national debt, even...

www.yahoo.com

Hey Billy000, you lying jackass.

Biden is already up 2 trillion in the first 3 quarters of 2024.

And Trump did NOT add 8 trillion to the debt. You moron.

 

[HikerGuy83]

Trump added to the Debt, but so does Biden, duh. Trump had the Covid shutdown to deal with, Biden doesn't.
So why is Biden's budget so large?????

Biden’s 2025 Budget is $7.30T with a $1.8T deficit______TOTAL BIDEN $6.9T
Biden’s 2024 Budget was $7.30T with a $2.0T deficit
Biden's 2023 Budget was $6.13T with a $1.7T deficit
Biden's 2022 Budget was $6.27T with a $1.4T deficit
Trump's 2021 Budget was $6.82T with a $2.8T deficit___ TOTAL TRUMP $7.6T (actual)
Trump's 2020 Budget was $6.55T with a $3.1T deficit
Trump's 2019 Budget was $4.40T with a $0.9T deficit
Trump's 2018 Budget was $4.10T with a $0.8T deficit

Biden owns 2021 Trumps t otal was 6.1 Trillion.

Biden is already at 2.1 trillion in 2024 (you know....with that booming economy). He'll likely hit close to 3.0 by the end of the year. Biden does not get 2025. It may be their budgets, but the president coming in has plenty of time to correct that.

Biden's total will hit 8.0 Trillion.

 

[HikerGuy83]

lol what? Shouldn’t you be happy?

lol what? Shouldn’t you be happy?

The debt touched 33.17 trillion at the end of 2023.

It is now (even before Q3 closes out) at 35.35.

You do he math. 2.1 Trillion in 9 months. That is 2.8 trillion annualized.

Fiscal Data Explains the National Debt

Check out @FiscalService Fiscal Data’s new national debt page! #NationalDebt

fiscaldata.treasury.gov

 

[HikerGuy83]

That's odd.

How could increased revenue of 24% contribute to deficits?

Can someone on the left explain this math?

You'll need to pull up your numbers, but Trump ran sub trillion dollar deficits 2017-2019. In 2020, he was forced into a bigger spend and then he added to it.

 

[HikerGuy83]

Democrats don't give a shit about "the deficit" or "national debt," especially when they propose programs like paying off student debt, reparations, universal basic income, equitable outcomes and other socialistic ideals.

The one thing I have been very critical of Trump about is the same thing. His deficits were growing.

That doesn't work.

Either you get more revenue

Or you stop spending.

The whole....we'll make it up in revenue thing does not work.

Congress has no restraint.

 

[HikerGuy83]

leftists can never admit the fact that revenues increase when taxes are cut. It blows their entire brainwashed narrative out of the water.

Unfortunately, the time has come to accept that our deficits are rising yearly.

Trumps were better than Bidens.

But, Obama's were shrinking (down to 1/2 trillion) and they started to grow under Trump.

Something isn't working.

If Harris gets in......it's all over.

 

[ice man]

It’s not surprising that republicans were mostly silent on Biden’s contribution to the national debt. After all, Trump added 8 trillion to it in 4 years. No avoiding that fact in response huh? Now Trump’s tax plan for his embarrassing second term tells us he will add another 4 trillion. What kind of moron would actually think tax cuts would pay for themselves?

Now I suppose it will continue to be something that goes unsaid. After all,
It’s only bad when democrats add to the debt.

Trump’s Tax Plan Could Add to Debt Burden. Harris’ Plan Tracks Biden’s.

WASHINGTON — Former President Donald Trump keeps adding new tax cuts to his list of campaign promises, and their projected costs keep piling up. Independent analyses suggest Trump’s plans could add close to $4 trillion over the next decade to America’s already fast-growing national debt, even...

www.yahoo.com

The article reads "could" and you changed it to "would." lmao

 

[Rogue AI]

That's odd.

How could increased revenue of 24% contribute to deficits?

Can someone on the left explain this math?

No need, math is racist!

 

[Captain Caveman]

It’s not surprising that republicans were mostly silent on Biden’s contribution to the national debt. After all, Trump added 8 trillion to it in 4 years. No avoiding that fact in response huh? Now Trump’s tax plan for his embarrassing second term tells us he will add another 4 trillion. What kind of moron would actually think tax cuts would pay for themselves?

Now I suppose it will continue to be something that goes unsaid. After all,
It’s only bad when democrats add to the debt.

Trump’s Tax Plan Could Add to Debt Burden. Harris’ Plan Tracks Biden’s.

WASHINGTON — Former President Donald Trump keeps adding new tax cuts to his list of campaign promises, and their projected costs keep piling up. Independent analyses suggest Trump’s plans could add close to $4 trillion over the next decade to America’s already fast-growing national debt, even...

www.yahoo.com

Cutting taxation is one method to stimulate the economy by allowing more disposable income to increase demand and spending. You have to keep an eye on inflation too. When a government does this, they're looking for the uptick in the economy to create a larger tax precept than what was given away in the tax cut.

So to answer your question, "What kind of moron would actually think tax cuts would pay for themselves?", the answer is governments, economists, and the educated peasants in society.

But one thing is given, America is gonna go bust one day.

 

[kyzr]

Cutting taxation is one method to stimulate the economy by allowing more disposable income to increase demand and spending. You have to keep an eye on inflation too. When a government does this, they're looking for the uptick in the economy to create a larger tax precept than what was given away in the tax cut.
So to answer your question, "What kind of moron would actually think tax cuts would pay for themselves?", the answer is governments, economists, and the educated peasants in society. But one thing is given, America is gonna go bust one day.

Tax cuts do NOT pay for themselves, that is why increased borrowing ALWAYS exceeds the slight increase in revenue due to tax cuts.

But you are correct saying that the US dollar is being downgraded, and will collapse unless spending is cut drastically.

 

[Harpy Eagle]

Treasury receipts soared 24% in the following three years during Trump's term. Source link

Maybe it is just me, but this really does not look like "soaring"