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You need a tax cut to pay for the tax cut.

By HEYYOU following x   2018 Sep 13, 8:10pm 302 views   7 comments   watch   sfw   quote     share    


"The Joint Committee on Taxation, Congress’s tax scorekeeper, has estimated that making the individual tax changes permanent will lower federal revenue by about $631 billion from 2019 to 2028. Outside groups say that the price tag will be even greater in subsequent years, with the Urban-Brookings Tax Policy Center estimating that the bill will cost more than $3 trillion from 2029 to 2028."

Stupid Republicans! How many can't pay-off their personal debt?
That hit close to home!


http://thehill.com/policy/finance/406570-house-panel-advances-second-round-of-gop-tax-cuts
1   Strategist   ignore (3)   2018 Sep 13, 8:41pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

HEYYOU says

Stupid Republicans! How many can't pay-off their personal debt?
That hit close to home!


I thought a tax cut would make it easier to pay off your personal debt, because you have more money. I guess not.
2   Strategist   ignore (3)   2018 Sep 13, 8:45pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

HEYYOU says
bill will cost more than $3 trillion from 2029 to 2028."


more than $3 trillion from 2029 to 2028. I didn't even know time went backwards.
3   ForcedTQ   ignore (0)   2018 Sep 13, 10:04pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

HEYYOU says
"The Joint Committee on Taxation, Congress’s tax scorekeeper, has estimated that making the individual tax changes permanent will lower federal revenue by about $631 billion from 2019 to 2028. Outside groups say that the price tag will be even greater in subsequent years, with the Urban-Brookings Tax Policy Center estimating that the bill will cost more than $3 trillion from 2029 to 2028."

Stupid Republicans! How many can't pay-off their personal debt?
That hit close to home!


http://thehill.com/policy/finance/406570-house-panel-advances-second-round-of-gop-tax-cuts


And by "cost more than $3 trillion" you simply mean that amount of revenue won't come in from those sources which would have been otherwise taxed that amount. Not taxing someone is NOT a "cost" to the government. The Congress, OUR Congress needs to say FUCK YOU to all of the expenses they have allowed for SO FUCKING LONG. They need to do their MOTHER FUCKING JOB and stop spending beyond what the taxpayers can be reasonably have stolen from them each year.

It is not the Executive branch nor the Judicial branch who have the power to create and enact a budget, for a DAMN GOOD reason. The people need to regain control of their congress ANIMALS. No more than 30,000 residents per representative, any more than that and they simply WILL NOT do the will of the people.
4   FortWayne   ignore (2)   2018 Sep 13, 10:08pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

they could just spend less...
5   MegaForce   ignore (0)   2018 Sep 14, 10:29am   ↑ like (1)   ↓ dislike (0)   quote   flag        

HEYYOU says
"The Joint Committee on Taxation, Congress’s tax scorekeeper, has estimated that making the individual tax changes permanent will lower federal revenue by about $631 billion from 2019 to 2028.


Sure they do. That is what happens when one uses static scoring instead of dynamic.

But even so, it can be easily solved: Cut the GROWTH of spending. You don't even need to cut spending below previous levels. Just cut the growth of it.

This is how Congress and Clinton 'balanced' the federal budget in the late 90s.
6   dr6B   ignore (1)   2018 Sep 14, 10:32am   ↑ like (0)   ↓ dislike (0)   quote   flag        

FortWayne says
they could just spend less...

What do you think is the chance of that happening?
7   Strategist   ignore (3)   2018 Sep 14, 10:37am   ↑ like (0)   ↓ dislike (0)   quote   flag        

AntiOcasioCortez says
Sure they do. That is what happens when one uses static scoring instead of dynamic.

But even so, it can be easily solved: Cut the GROWTH of spending. You don't even need to cut spending below previous levels. Just cut the growth of it.

This is how Congress and Clinton 'balanced' the federal budget in the late 90s.


This is a good time to cut spending. Government spending has a major impact on unemployment, but with unemployment so low, there won't be much of a negative impact. This is the time to save money, and to use those savings for the next recession, which will surely come sooner or later.




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