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Posted on 4/26/17 at 8:22 pm to a want
CBO, bought and paid for by the Demwit party.
Posted on 4/26/17 at 8:30 pm to a want
quote:
a want
Hack...down vote...exit thread.
Posted on 4/26/17 at 8:33 pm to a want
I don't give a crap if it adds to the deficit or not.
What adds to the deficit is the spending they refuse to address--massive welfare, perpetual war, interest on the debt they took on to bail out car makers and big banks, farm subsidies, crazy studies, UN and foreign bribes and on and on.
It's time they quit taking so much money from me and my company.
What adds to the deficit is the spending they refuse to address--massive welfare, perpetual war, interest on the debt they took on to bail out car makers and big banks, farm subsidies, crazy studies, UN and foreign bribes and on and on.
It's time they quit taking so much money from me and my company.
Posted on 4/26/17 at 8:35 pm to a want
quote:
Well....the point is: this is a guy who know what he's talking about and he calls it a fairy tale.
I understand the point but he is one guy. I have not read anything that describes the entire plan or what might actually get passed. It's all bullet points.
Posted on 4/26/17 at 8:36 pm to I B Freeman
quote:
It's time they quit taking so much money from me and my company.
You know.
I couldn't agree with this more.
Sadly I doubt that the actual tax cuts trickle down to my bracket. I don't make 7 figures.
Posted on 4/26/17 at 8:37 pm to a want
He's head of the American Action Forum... a liberal leftist group. Eff him.
Posted on 4/26/17 at 8:38 pm to bonhoeffer45
quote:
Just in general it is pretty well established that tax cuts do tend to drive growth, but not enough to offset huge cuts.
Not necessarily. See the quote in the OP about that general idea.
Posted on 4/26/17 at 8:39 pm to a want
Nobody cares what anyone associated with the CBO thinks. They're wrong more than right
Posted on 4/26/17 at 8:41 pm to Sentrius
quote:
Schumer and the gang are going to point to the CBO score of this plan, which is going to say it will grow the debt by trillions of dollars in the next 10 years – that you can guarantee. It won’t, at least probably not, because the CBO will score the plan based on a static accounting of the economy and the entire point of a big across-the-board tax cut like this is to grow the economy. This tax cut will spark economic activity, probably in a major way, but CBO’s budget scoring of it won’t account for that. And Trump will be accused of blowing a hole in the budget, and the Democrats will then make demands for tax increases elsewhere to fill the hole.
They are right. We need to cut entitlements to "pay" for these tax cuts.
Posted on 4/26/17 at 9:53 pm to a want
quote:
Do you actually think these proposed cuts would actually result in a net positive in terms of federal revenue?
It's been done before, numerous times. Tax cuts do not mean decreased revenue. People don't seem to understand that.
Posted on 4/26/17 at 10:08 pm to a want
quote:
Not necessarily. See the quote in the OP about that general idea.
Oh I know. It's not like it always does.
But it is a very large distance between producing some growth in GDP and producing enough growth to offset the drop in revenue. In fact there is no American historical data of that happening.
Posted on 4/26/17 at 10:09 pm to a want
I do
Posted on 4/26/17 at 10:20 pm to asurob1
Do you honestly think it takes a 7 figure income for you to get any benefits. From the one page bullet point plan out out today?
Posted on 4/26/17 at 10:25 pm to BBONDS25
Doubling the standard deduction will help lower middle class folks a lot
Posted on 4/26/17 at 11:12 pm to a want
quote:
Well....let's cut to the chase then.
Do you actually think these proposed cuts would actually result in a net positive in terms of federal revenue?
C'mon man.
They did with Reagan....next question
Oh...and fricking melt bitch
Posted on 4/26/17 at 11:19 pm to a want
quote:That's funny. Barrack Hussein Obama averaged roughly 1.1 trillion in new debt every year.
Also, Obamas deficits were lower than W's. FYI.
Almost double Dubya.
You have possibly the worst grasp of math of anyone I've encountered.
Posted on 4/27/17 at 1:54 am to a want
The CBO is a joke...
Posted on 4/27/17 at 3:45 am to ChopBlockOclock
quote:
I would have spent it or paid off debt which would increase my spending power which would lead me to eat out another night a week or buy more beer or play more golf or whatever but I would spend more. So would 95% of americans because thats our behavior. We have more cash, we buy more.
Marginal propensity to consume isn't 100% bro
Posted on 4/27/17 at 3:56 am to a want
quote:
Former CBO Director: Trump’s tax plan is built on a fairy tale by a want
quote:
You think I really give a frick about federal revenue?
So you don't care about the national debt or budget deficit?
See Trump's latest budget. He didn't cut spending. So that pretty much just leaves revenue.
This tax cut would cut the deficit. Why? Because of the growth. 3% growth vs 2% growth means big things for thgrowth economy and our debt long term. Think in terms of compound interest. Our debt to revenue ratio would go from %120 to about %50 over time.
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