Good frigging grief. But the best part is watching you deny that revenue cuts does not mean you would have to cut services. For a guy focused on spending, thats a hoot!
LOL. Passing tax cuts absolutely assures that the liquor store will be robbed!
No. Taking in less revenue than the following years budget calls for causes deficits. Republicans slash revenues and then outspend Dems. It’s total fiscal incompetence.
Bottom line is that rational people make decisions based on information. Anyone who voted for Trump was voting for more debt.
The tax cut is a permanent extention of one already in place. The salt tax exemption is a nod to blue state Republicans. New tax breaks are for tips and overtime and interest deduction on new American made vehicles. These new do not nearly account for the 2 trillion expected. The dirty secret is that if we allow the 2017 tax cuts expire tax revenue would go down along with the economy. A 1.5 increase in the GDP nor the 700 billion in tariff revenue isn't considered by CBO.
These people don’t seem to understand how the equation Debt = Expenses minus Revenue works. In this equation changes in either revenue or expenses have an equal impact on debt. It’s total math incompetence.
With additional cuts.
Of course they do. Not all of it, as the remainder is for out of control spending republicans love adding.
lol, no.
Tax rates need moved back to pre Reagan cuts on the top 10%. Military spending needs cut in half.
The actually result of tax cuts is they add to the federal revenue...the problem is both parties when flush with federal money tend to spend it.
Tax cuts do not add to revenue. It’s a mathematical impossibility to do so.
As has been demonstrated by decades of data. The "theory" was disproved, as was the vaunted Reagan "miracle" which was, in fact, a mirage, promulgated and promoted by economic charlatans. In short, a fraud. Reagan nearly collapsed the economy in the process. Trump is determined to finish that foolish destruction.
The reason it’s a dirty little secret is that it’s not true. Republican politicians will tell you it’s true, but it’s not. They will pass a tax cut then revenue will go up and they will say “look see it went up.” The truth is that unless we have a major recession revenue almost always goes up due to normal growth, inflation and population increases (due to immigration). Economists pick this apart and study after study show that tax reductions do not pay for themselves. Tax reductions decrease revenue tax increases increase it.
The CBO estimates any growth that would be expected. I don’t know where you got 1.5%.
Tariff revenue is not in the bill therefore it’s not estimated. No one has any idea whatsoever how much the tariff revenue will be. All we know is that it’s a new tax targeting the poor and middle classes.
Republicans will only cut from programs they don’t like. For example “defense” doesn’t get cut, it gets an extra $150 billion.
I believe Obama called that anemic growth the new normal.
And it was, until post pandemic when all the lent up demand kicked in.
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Ooookay? Not sure what this has to do with my point, but whatever.
No. Decreases in revenue must be compensated for by reductions in spending. If revenue decreases, but spending is not adjusted, the debt is caused by the failure to adjust spending, not the revenue reduction. Why? Because the debt hasn't happened until the money is spent.
Anyone can look at page 1 & 2. You were bothered that you were asked what services you wanted cut as a result of lower revenue.
There is no must involved. Republicans reduce revenue and actually increase spending on a regular basis.
Sorry but that makes no sense. You are twisting yourself into a pretzel trying to prove something no one will believe.
And this was the point I made, thats exactly what I said YOU said.
LOL....the lower tax rate caused the lower revenue to begin with, you leave that part out.