up your game man…I don’t mind the banter but you’re already following me around like a loser. Take notes from the other posters. I didn’t watch the free channels growing up btw, I don’t know price is what is but sounds lame!
You sound almost as unhinged as tinman and post nonsense on a constant basis. No one is following your dumbass around, it's just annoying to navigate through it. I should take notes from them and put you on ignore.
With rising interest rates and our massive debt... we aren't too terribly far away from interest on the debt exceeding annual revenues... just fyi for anyone who cares.
undoing Trump's tax cut for the 1% earners would MORE THAN OFFSET that increase in finance cost recall that Trump's tax cut, https://www.brookings.edu/articles/did-the-2017-tax-cut-the-tax-cuts-and-jobs-act-pay-for-itself/, reduced the top corporate tax rate from 35% to 21%. almost a 40% reduction, eliminated the alternative minimum tax
Gonna have to cut plenty of things, sooner or later. The reckoning will arrive. You're not going to tax your way out of this problem. 33 trillion in debt with a 2 trillion dollar deficit for 2023. Not sustainable.
what part of this you don't understand ? to end Trump's tax cut catering to the top 1% btw, insofar as economic growth, the two most successful POTUS post-WW2 have been Reagan and Clinton. Reagan started his tenure w a tax cut; when it became clear that it was not work as thought, to undo the effect of the tax cut, he raised tax. Clinton, at the start of his tenure, raised taxes on the other end of the spectrum, the most unsucessful have been Bush Sr, W and Trump. the common thread that binds them together is that they all passed tax cuts.
from the Cato Institute, The 1990 Bush “Tax Increase” Reduced Taxes, by phasing‐out deductions and personal exemptions as income on a joint return climbed above $150,000 (the phase‐outs were called the PEP and Pease provisions). these "phased outs" of exemptions more than offset the effect of "raising the top tax rate from 28% to 31%"
The part where repealing the Trump administration tax cuts is going to fix our 33 trillion dollar debt and 2 trillion dollar deficit.
Fix? Let's not be ignorant here and have actual, realistic expectations. Why shouldn't tax increases be on the table?
It was just a decade ago we were seriously discussing removing the penny from physical circulation. Its probably time we throw the nickel and dime in too. If you pay cash, you round down to the nearest quarter.
Who says Tax increases are off the table? I’m pushing back again the notion repealing the Trump tax cuts is, by itself, a solution. As @adoo said: "undoing Trump's tax cut for the 1% earners would MORE THAN OFFSET that increase in finance cost" ^ That cannot be correct. Also, I'm interested to hear what taxes were going to get that significantly increase revenue while also not harming the poor. People usually float a "VAT" tax but 1. We already pay sales tax (state taxes) and 2. the VAT is regressive and will hurt the poor. The idea were just going to be able to target the super rich and get significant new tax revenue out of them seems far fetched. Maybe some but idk if it will be anything on the scale of tackling a 2 trillion dollar deficit and a 33 trillion dollar debt.
