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Do you support cutting taxes, even if it increases the deficit?

Do you support cutting taxes, even if it increases the deficit and debt?

  • Yes. Short term loss, long term gains.

    Votes: 5 8.2%

  • Yes, but no tax cuts for the upper tax brackets.

    Votes: 5 8.2%

  • No. The national debt and deficit is too high for tax cuts.

    Votes: 18 29.5%

  • No. But if we were running a budget surplus, my answer would be yes.

    Votes: 2 3.3%

  • No. No. No. We need to INCREASE taxes. They are too low.

    Votes: 20 32.8%

  • No. No. No. Cut my taxes, but not if it increases the debt or deficit.

    Votes: 1 1.6%

  • Other - please explain

    Votes: 10 16.4%
  • Total voters
    61
Gimmesometruth said:
Yes, it does in this thread, the premise is low tax rate and holding other variables constant.
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Nowhere in the OP does it assume other things are held constant.

Gimmesometruth said:
No, the lower rates is essential to the OP, if you don't want to debate within the framework of the OP, then you can create your own thread with whatever fantasy country and budget process you like.
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If you think I'm off-topic, ****in' report me and let the mods handle it.

Gimmesometruth said:
Really? You are demanding it at the end of this post:
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No, that's not the same ask.

Gimmesometruth said:
You are again demanding that I show where you denied lower taxes causes lower revenue.
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That is what you claim I've said, so it's reasonable to assume you can provide receipts. But you can't
 
Stinger said:
You need to look again as to which thread we are in

Do you support cutting taxes, even if it increases the deficit?​

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Yes, I know what the thread is, but you seem to think it is anything other than what it is.
 
rahl said:
Nope. This is the snake oil righties try and sell, but we have over 4 decades of data showing this never happens.

Every single time since Reagan, when righties have cut taxes, we took in less revenue and the debt and deficit EXPLODED.
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Reagan Tax Cuts:

What we learned from Reagan’s tax cuts (Brookings)​

Q. Did the 1981 Reagan tax cut spur enough economic growth that it paid for itself?​

A. When Ronald Reagan arrived in Washington in 1981, circumstances were very different than they are today. Inflation was nearly 10 percent. The Federal Reserve had pushed interest rates into double digits. The federal debt was about half what it is today, measured as a share of the economy. The Reagan tax cut was huge. The top rate fell from 70 percent to 50 percent. The tax cut didn’t pay for itself. According to later Treasury estimates, it reduced federal revenues by about 9 percent in the first couple of years. In fact, most of the top Reagan administration officials didn’t think the tax cut would pay for itself. They were counting on spending cuts to avoid blowing up the deficit. But they never materialized.

Q. So the spending cuts never materialized, the deficit increased, and then what?​

A. As projections for the deficit worsened, it became clear that the 1981 tax cut was too big. So with Reagan’s signature, Congress undid a good chunk of the 1981 tax cut by raising taxes a lot in 1982, 1983, 1984 and 1987. George H.W. Bush signed another tax increase in 1990 and Bill Clinton did the same in 1993. One lesson from that history: When tax cuts are really too big to be sustainable, they’re often followed by tax increases.

Bush Tax Cuts:

The Legacy of the 2001 and 2003 “Bush” Tax Cuts (CBPP)​

How Did They Affect Economic Growth?

Policymakers enacted the 2001 and 2003 tax cuts with the promise that they would “pay for themselves” by delivering increased economic growth, which would generate higher tax revenues.[11] But even President Bush’s Treasury Department estimated that under the most optimistic scenario, the tax cuts would at best pay for less than 10 percent of their long-term cost with increased growth.[12]

Evidence suggests that the tax cuts — particularly those for high-income households — did not improve economic growth or pay for themselves, but instead ballooned deficits and debt and contributed to a rise in income inequality.[13]

In fact, the economic expansion that lasted from 2001 to 2007 was weaker than average. A review of economic evidence on the tax cuts by Brookings Institution economist William Gale and Dartmouth professor Andrew Samwick, former chief economist on George W. Bush’s Council of Economic Advisers, found that “a cursory look at growth between 2001 and 2007 (before the onset of the Great Recession) suggests that overall growth rate was … mediocre” and that “there is, in short, no first-order evidence in the aggregate data that these tax cuts generated growth.”[14]

Trump Tax Cut:
 
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Absentglare said:
Biden’s booming economy gave us a huge increase in federal tax revenue, which was flat under Trump.

Trump put us deep into debt with his tax cuts. And now his trade wars are making our debt more expensive.
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Nice bit of creative writing.
 
rahl said:
Nope. This is the snake oil righties try and sell, but we have over 4 decades of data showing this never happens.

Every single time since Reagan, when righties have cut taxes, we took in less revenue and the debt and deficit EXPLODED.
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Obviously you have fallen for the MSM lie that tax cuts are only for the rich. The top 1% federal tax rate increased from 22.2% to 26.3% . The top 50% of all federal tax payers paid 97.7% of all federal taxes while the bottom 50% paid 2.3%.

Summary of the Latest Federal Income Tax Data, 2025 Update

New IRS data shows the US federal income tax system continues to be progressive as high-income taxpayers pay the highest average income tax rates. Average tax rates for all income groups remain lower after the Tax Cuts and Jobs Act (TCJA).
taxfoundation.org
This the truth:

In Actual Dollars, Tax Cuts Boost Revenue Time After Time

From the Kennedy legislation in 1964 to the Trump package in 2017, the naysayers are proven wrong again and again
www.discoursemagazine.com
The reason you don't see a reduction in the deficit is because when congress (both parties) when they see extra money they spend it. But you been duped by your own party and the MSM big lie tax cuts are only for the wealthy.
 

This is NOT what your link says at all.

antiquity said:
This the truth:

Federal revenue didn’t fall after the big Trump administration tax cuts, much less by $2 trillion. Instead, total revenue rose.
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Trump tax cuts were for almost everyone, but skewed to the richer folks and especially those in Trump kinds of businesses like real estate. Not via tax rates but via special loop holes / deductions / etc.
 
Slavister said:
This is NOT what your link says at all.
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Like he read it...as if.
Slavister said:
Trump tax cuts were for almost everyone, but skewed to the richer folks and especially those in Trump kinds of businesses like real estate. Not via tax rates but via special loop holes / deductions / etc.
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The analysis is there.
 
Every single time taxes are cut, we take in less revenue. This is an objective mathematical fact. I’m sorry that you righties believe in magic and always fall for the “tax cuts pay for themselves” canard. But we have 4 decades of data showing all that happens when righties cut taxes is the deficit and debt EXPLODES.
 
Cut taxes for individuals making less than 100K and dual-earning married couples making less than 200K. Raise taxes on individuals making more than 200K and couples making more than 300K. Raise taxes even more for individuals making more than 500K and couples making more than a million. Raise the capital gains taxes gradually on cash-out gains of more than 200K. Tax realized real estate sales profits of more than 1 million heavily.

AND ..... Our government needs to spend our money ALOT more efficiently and less wastefully. There are way too many cut-outs in the budget for idiotic entitlements and monies going to other countries.
 
There should be no “capital gains” tax. ALL income, no matter where it’s derived, needs taxes the same. W2, 1099, interest, capital gains, interested, bonuses, tips etc.
 
rahl said:
There should be no “capital gains” tax. ALL income, no matter where it’s derived, needs taxes the same. W2, 1099, interest, capital gains, interested, bonuses, tips etc.
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Social Security?
 
rahl said:
There should be no “capital gains” tax. ALL income, no matter where it’s derived, needs taxes the same. W2, 1099, interest, capital gains, interested, bonuses, tips etc.
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I said cut (lower) taxes, not eliminate them for those not making above a certain threshold. Middle and lower-middle class is taxed too heavily compared to what shit costs nowadays.
 

Do you support cutting taxes, even if it increases the deficit? ​


Sure.
 
Reduce spending, cut down the bloated and overreaching federal government, and then adjust taxes accordingly.

It's insane for people to beg to have their taxes increased. Do people really think that they get their money's worth on whatever return they get from the total taxes they pay every year?
 

It's okay to tax rich people, and tax them a lot, to pay for government services middle class and poor people get.

It's insane for people to beg to give tax cuts to the rich. Do you really think they can't be taxed more?
 
W_Heisenberg said:
It's okay to tax rich people, and tax them a lot, to pay for government services middle class and poor people get.
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A. What do you define as "rich people?"
B. What specific programs that the federal government provides to middle class and poor people are you referencing?

W_Heisenberg said:
It's insane for people to beg to give tax cuts to the rich. Do you really think they can't be taxed more?
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I didn't say anything about taxing rich people. You did.

What I said was that it's insane for people to insist that THEIR taxes be increased.
 
W_Heisenberg said:
Okay Speaker Johnson
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Why shouldn't the government budget be run like a household budget? Same principle. You have x amount of $$ coming in a month, so you can only spend so much. You can put some things on credit, but not too much, and that needs to be paid off before it gets out of hand. Alot of it needs to be spent on your kids, and maybe you have to help your disabled brother out who can't work or support himself. No spending that is frivolous. How in the hell did our country get this friggin broke?????
 
W_Heisenberg said:
government services middle class and poor people get.
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What kind of government services are middle-class people getting, besides basic infastructure that our taxes pay for? I'd like to know what I'm missing out on.
 
Maidenrules29 said:
What kind of government services are middle-class people getting, besides basic infastructure that our taxes pay for? I'd like to know what I'm missing out on.
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I asked too…still no answer.
 
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