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!Cutting taxes does not increase the debt.
LOL. Passing tax cuts absolutely assures that the liquor store will be robbed!The debt doesn't happen until you actually spend more than you take in. I can plan to knock over a liquor store all day long, but I haven't robbed the liquor store until I've robbed the liquor store.
The premise of the question is wrong. Spending causes deficits.According to the polls, 60% of Americans support cutting taxes, even if it means higher deficit. 74% of Republicans support this. 55% of Democrats oppose cutting taxes, even if it means higher deficit. Back in 1996, only 23% of Americans supported lowering taxes, if it means higher debt.
You can watch Harry Enten's analysis below:
How about you? Do you support deficit inducing tax cuts?
Same old drivel about waste, fraud and abuse without ever showing any significant examples.Hasn't DOGE show EVERY AMERICANS that we don't have a Taxing Problem, but CRIMINALS are pissing away our Tax $'s and getting the greedy poor majorities to vote to financially oppress hard working Americans so the CRIMINALS stealing our money can get more money ????......
The gaslighted people on the left need to END the DNC and start over ! Until that happens the DNC will keep screwing you over and continue to destroy America !
Just like they DID NOT LET DEM voters pick Sanders (See why Diddie Wasserman Schultz quit)!
Just like they did not let DEM voters Pick bidens replacement!
Just like they are trying to get DOGE to stop uncovering all their Fraud , waste and crimes!
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.The premise of the question is wrong. Spending causes deficits.
Bottom line is that rational people make decisions based on information. Anyone who voted for Trump was voting for more debt.The debt doesn't happen until you actually spend more than you take in. I can plan to knock over a liquor store all day long, but I haven't robbed the liquor store until I've robbed the liquor store.
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.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.
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.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.
With additional cuts.The tax cut is a permanent extention of one already in place.
Of course they do. Not all of it, as the remainder is for out of control spending republicans love adding.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.
lol, no.The dirty secret is that if we allow the 2017 tax cuts expire tax revenue would go down along with the economy.
Tax rates need moved back to pre Reagan cuts on the top 10%. Military spending needs cut in half.A 1.5 increase in the GDP nor the 700 billion in tariff revenue isn't considered by CBO.
Still a lot of fat that should be cut.
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.Nope directly addressing the post to which I responded and the actual results of when the Reps cut tax rates. Care to respond?
Cutting taxes does not increase the debt. Spending beyond revenues is what increases the debt, in all cases.
Tax cuts do not add to revenue. It’s a mathematical impossibility to do so.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.
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.Tax cuts do not add to revenue. It’s a mathematical impossibility to do so.
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 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.
The CBO estimates any growth that would be expected. I don’t know where you got 1.5%.A 1.5 increase in the GDP
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.nor the 700 billion in tariff revenue isn't considered by CBO.
Republicans will only cut from programs they don’t like. For example “defense” doesn’t get cut, it gets an extra $150 billion.Still a lot of fat that should be cut.
I believe Obama called that anemic growth the new normal.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.
And it was, until post pandemic when all the lent up demand kicked in.I believe Obama called that anemic growth the new normal.
?I believe Obama called that anemic growth the new normal.
Please, cite it.the best part is watching you deny that revenue cuts does not mean you would have to cut services.
Ooookay? Not sure what this has to do with my point, but whatever.Bottom line is that rational people make decisions based on information. Anyone who voted for Trump was voting for more debt.
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.If you decrease revenue without compensating the loss of income elsewhere, than the cutting the taxes is the single sole reason why the debt went up.
Cutting taxes does not increase the debt.
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!
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.Please, cite it.
Or admit you're lying.
There is no must involved. Republicans reduce revenue and actually increase spending on a regular basis.No. Decreases in revenue must be compensated for by reductions in spending.
Sorry but that makes no sense. You are twisting yourself into a pretzel trying to prove something no one will believe.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.
And this was the point I made, thats exactly what I said YOU said.No. Decreases in revenue must be compensated for by reductions in spending.
LOL....the lower tax rate caused the lower revenue to begin with, you leave that part out.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.
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