LOL So you want to tax welfare recipients? That will really bring down our deficits. Getting blood out of stones is not the way to a balanced budget. You have to tax the people with the cash to spare.How is the government funded? Why aren't those on government assistance programs routinely becoming widely successful in life?
Do conservatives think massive debt created by upper class tax cuts is okay?
Republicans are the ones complaining about the debt when in opposition, why can't they reduce it when in power?
Republicans want other people to adhere to a fiscal conservative economic policy that they themselves do not believe in.
decades of historical data isn't partisan. Republicans OUTSPEND democrats, increase the deficit and debt more so than democrats, and ONLY bitch about spending when they are not in power.No point in continuing this. Youre stuck on your partisan obsession.
That increase in the standard deduction eliminated the exemption that senior citizens got which for me and my spouse, increased our taxable income. No tax cut for us or others like us. Plus, high medical costs, etc. can add up to more than the new standard deduction.Below is the percentage point decline for each bracket. Also note that $5,650 increase in the standard deduction.
Distributional Analysis of the Conference Agreement for the Tax Cuts and Jobs Act | Full Report | Tax Policy Center
Calling this a 'tax cut for the wealthy' simply doesn't describe the above realities.
yes it went up....average of 6% per year during his admin.......but it was an average of 10% per year in the previous adminNo, revenue also went up under Regan. It almost doubled. Taxes have nothing to do with anything. No matter what tax rates are, the govt gets about the same amount of taxes. This all started with Truman in 1945 with the expansion of govt into Healthcare, which now accounts for the ENTIRE deficit.
yes it went up....average of 6% per year during his admin.......but it was an average of 10% per year in the previous admin
exactly.....so the conclusion imo is taxes must be increased.. if we as a nation are serious about the national debt.....both sides have failed the test .......Right, so tax cuts had no real effect on the deficit. Both before and after, tax revenue averaged about the same percentage of GDP.
exactly.....so the conclusion imo is taxes must be increased.. if we as a nation are serious about the national debt.....both sides have failed the test .......
which of course will not happen.......and thus my final opinion.......the national debt does not mean crap......it is merely a point of argument between the dems and repubs......if we cancelled the debt tomorrow the world would keep right on goingThats one possible conclusion. The other is that spending must be decreased.
which of course will not happen.......and thus my final opinion.......the national debt does not mean crap......it is merely a point of argument between the dems and repubs......if we cancelled the debt tomorrow the world would keep right on going
- Debt. By the end of 2021, federal debt held by the public is projected to equal 102 percent of GDP. Debt would reach 107 percent of GDP (surpassing its historical high) in 2031 and would almost double to 202 percent of GDP by 2051. Debt that is high and rising as a percentage of GDP boosts federal and private borrowing costs, slows the growth of economic output, and increases interest payments abroad. A growing debt burden could increase the risk of a fiscal crisis and higher inflation as well as undermine confidence in the U.S. dollar, making it more costly to finance public and private activity in international markets.
yet you probably vote republican who have a much worse record of increasing the debt than democrats. You are probably like most hypocritical conservatives, the deficit only matters when a dem is in power. When billionaires and millionaires get handouts and tax breaks, and we are murdering brown people across the world, no problem with deficit spending
They don't actually care about debt/deficit or fiscal responsibility.
At least the Democrats make an attempt to finance their spending increases.
When the GOP is in charge, the policies are cut taxes, and spend anyway. And usually increasing spending on super dumb shit.
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