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Started By
Message
re: The GOP wants to add $3T to the debt
Posted on 2/13/25 at 11:39 am to Zach
Posted on 2/13/25 at 11:39 am to Zach
quote:
It happened with Reagan, too. When he cut taxes the tax revenues went up
But it didn't. Please show me the data where government revenue increased because of the Regan and Trump tax cuts. It simply isn't true. I'm all for paying less in taxes, but it has to come with a massive, massive reduction in spending.
3
Posted on 2/13/25 at 11:39 am to Midget Death Squad
quote:
You balance a budget by spending less
Yes, AND by growing the economy, which increases revenue.
Why is this so hard to understand?
Posted on 2/13/25 at 11:41 am to LSUFanHouston
Are you a retard?
Seriously.
Seriously.
Posted on 2/13/25 at 11:41 am to LSUFanHouston
Okay. As long as they cut taxes on my social security.
Posted on 2/13/25 at 11:43 am to OysterPoBoy
quote:
OysterPoBoy
Pretty sure the tax cuts are over 10 years while the spending cuts are per year. If add 4.5T over 10 years (.45 T per year) while cutting 1.5T per year, you are actually Cutting spending by 1.05T per year.
Posted on 2/13/25 at 11:45 am to LSUFanHouston
Cry more. Your tears are delicious.
Posted on 2/13/25 at 11:47 am to Tmcgin
quote:
This board is preoccupied with the conman's misdirection
The debt is shifting to a new swamp
Elon will make out like a bandit
But he's sucked billions from us for over a decade
It's Trump derangement to think otherwise
Ahh the old false equivalency argument..but this time even more bullshite because its not even comaparing something that has happened with something else that happened that is not equal to it..it is something else that is "oh trust me guys, our swamp is just a drop in the bucket, but this guy exposing our fricking fleecing of you ..well HE IS THE REAL VILLAIAN and he is going to do something way way worse and man you guys will look like fools. BWAHAHAH YOU GUYS ARE DUMB" comparison.
Get the frick out of here man. Here let me post it for you
Posted on 2/13/25 at 11:50 am to The_Duke
quote:
A little breaking news here—-
A balanced budget really doesn’t matter.
It’s all imaginary.
Fairy dust.
We are paying interest on $37T of debt.
We paid more in interest charges than we did on defense.
Whoever cut a check for 30% of our 2024 tax revenue to go to cover that debt didnt think it was imaginary fairy dust.
Posted on 2/13/25 at 11:51 am to LSUFanHouston
DOGE should make this easy.
Posted on 2/13/25 at 11:54 am to Tmcgin
quote:
Tmcgin
To put things in perspective. Musk is currently worth 406 Billion. Assuming an average 5% return on investment and he lives 40 more years to 93, Musk would have to spend 63 Million dollars a day (23 Billion dollars a year), every day for the next 40 years to run out of money. He's not in this for the money.
Posted on 2/13/25 at 11:54 am to RollTide4547
quote:
Pretty sure the tax cuts are over 10 years while the spending cuts are per year. If add 4.5T over 10 years (.45 T per year) while cutting 1.5T per year, you are actually Cutting spending by 1.05T per year.
No point in trying to explain numbers to people. Politicians, pundits and other partisans throw out a financial number and everyone immediately accepts or rejects it based on some pre-conceived belief. Practically nobody ever cares enough to attempt to verify numbers/statistics or even understand what they mean. Otherwise, it would have been immediately obvious to everyone in the thread that $4.5 trillion in annual tax cuts would essentially eliminate all federal revenue.
This post was edited on 2/13/25 at 12:00 pm
Posted on 2/13/25 at 11:55 am to LSUFanHouston
He wants to cut 4.5 trillion in taxes per year?? frick yea
Posted on 2/13/25 at 11:56 am to The_Duke
quote:
A little breaking news here—- A balanced budget really doesn’t matter.
A little reality here. Inflation is fricking me, it’s fricking you too. One of us is too stupid to understand it, and why we have it
Posted on 2/13/25 at 11:56 am to Boss
quote:
Please show me the data where government revenue increased because of the Regan and Trump tax cuts.
LINK
The gov has constantly taken in more money, It has in some years gone down some. "because of the tax cuts" who knows, but it shows that you can have tax cuts and bring in more money too.
This post was edited on 2/13/25 at 11:59 am
Posted on 2/13/25 at 11:58 am to TigerSprings
Tax cuts increase revenues . It is always a spending problem.
Posted on 2/13/25 at 11:59 am to Auburn1968
quote:
The last Trump tax cut took money out of the unproductive government's hands and put it into the people's hands and the productive economy. The result was a net rise in tax revenue. Funny how that works.
Paying off 38 trillion in debt isn’t unproductive. And it’s a valid use of that money, as much as I’d like to continue to benefit from that tax cut, we need to handle this.
If we do not get real f*cking serious about it we are cooked
Posted on 2/13/25 at 11:59 am to The_Duke
quote:
A balanced budget really doesn’t matter.
Are you saying this 36t of debt hasnt caused inflation?
Posted on 2/13/25 at 12:00 pm to TigerSprings
You do realize that the information you posted doesn’t support your argument. It shows decreased tax revenue due to tax cuts and points that out in the article.
Posted on 2/13/25 at 12:01 pm to LSUFanHouston
It is proven that tax cuts increase revenues.
It's not a zero sum game.
You also ignore tax receipts from tarriffs.
It's not a zero sum game.
You also ignore tax receipts from tarriffs.
Posted on 2/13/25 at 12:01 pm to LSUFanHouston
TCJA raised more revenue than was projected under prior law, doubled the standard deduction, doubled the child tax credit, capped SALT, and made the income tax more progessive as the share of income tax burden paid by the top 5, 1, and .1% all increased, while every group below saw their share decrease.
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