re: The GOP wants to add $3T to the debt

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It depends how they are counted. The tax cuts will add that over 10 years.

Elon wants to cut over 1 trillion a year. That is over 10 trillion over 10 years.

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This. OP is legitimately stupid if he doesn't understand the time frame.

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The deficit increasing since those tax cuts proves you wrong though.

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Isn’t the number being thrown around a projection over 10 years starting in 2026 based on 2017 tax cuts with a sun set date not being renewed (along with zero other changes to tax rates or huge surprises in increased spending over same timeframe)?

Semantics of saying if current tax rates are renewed they are going to be tax cuts again is political gamesmanship. Renewing them keeps rates the same as the year (s) before sun set date and not renewing them increases tax rates over those same prior year (s).

It also doesn’t account for the 2017 bill’s increased revenue by broadening tax base and other changes. The actual projected net tax cut from 2017 tax bill was $1.5 trillion over 10 years, but I am guessing either much of the broadening of the tax base and other revenue increases didn’t have a sun set date which is backwards or is just completely cut out from Dem talking points their lemmings have been instructed to spread. Tax cuts should never require renewal, but tax increases shouldn’t always require renewals. Congress has to stop being chicken shits and vote to increase taxes when they want them instead of sunset laws ending tax cuts.

Budget projections are usually inaccurate about the amount of $ raising taxes will increase revenue by over 10 years just like they are in accurate about the $ tax cuts will decrease revenue by over 10 years.

I also would think 10 year projections soon after 2017 tax cuts didn’t account for the inflation “reduction” act starting to hand out a ton of tax credits for green initiatives over 10 years, the billions and billions of money sent to the Ukraine, the large Covid and shutdown bills with increased spending and tax credits, and so on. 10 year deficit projections are a joke after 2 to maybe 3 years.

I think the 2017 tax cuts should be made permanent and not just renewed for a set time frame.

Then besides DOGE and other cuts they need to look into some ideas broached by CATO including:

Repealing the fraudulently named Inflation “Reduction” Act and ending its and other green energy tax credits/subsidies will save around $1 trillion over 10 years according to CATO.

CATO also has said that repealing the low income housing credit will save $150 billion over 10 years.

Stopping the tax free status on municipal bond interest earned by lenders plus reforming what is considered a tax exempt organization to stop some very business like organizations from abusing their granted tax exempt status could raise over $600 to $700 billion over 10 years.

They will cut 3T$, and you will not like it.....too bad.

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Please learn about the Laffer Curve.

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This is the most important thing to consider. Most morons have no idea what this is.

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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.

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What’s funny is that literally doesn’t actually work, it’s just the same make believe bs they use to sell idiots the concept of trickle down economics.

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RelicBatches86

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we get it dude...you would much rather have congress members getting the money in the form of kickbacks, fraud activity. You would rather them get our hard earned money, not the people actually doing the work....as long as you can hate on Trump and support the dems, right?

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prep for increased local/state taxes for utilities, roads, ect ect

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Which brings up the point of the whole dog and pony show being incredibly stupid.

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That's adding literally nothing to the debt.

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Spending $3T more than you take in adds… wait for it… $3T to the debt.

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Idiot

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We found it (DOGE), why cant we keep it?

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Assuming DOGE-adjacent policies ever end up cutting spending, it will be a one time thing (and won't be big enough to do much).