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Will the new tax plan reduce the deficit?
Posted on 11/2/17 at 4:10 pm
Posted on 11/2/17 at 4:10 pm
That is an important topic for Republicans, right?
23
Posted on 11/2/17 at 4:12 pm to weagle99
Who cares, the whole deficit is bullshite anyway.
Posted on 11/2/17 at 4:12 pm to weagle99
nope
Posted on 11/2/17 at 4:13 pm to FinebaumsHair
This board and others care every 4 years during a Democrat Presidency.
‘Fiscally responsible Conservatives’
‘Fiscally responsible Conservatives’
Posted on 11/2/17 at 4:14 pm to weagle99
Less government spending could lower it.
Posted on 11/2/17 at 4:14 pm to weagle99
The dont give a single frick about the defecit now that they have the reigns.
So sad
So sad
Posted on 11/2/17 at 4:15 pm to weagle99
The goal is to help most americans, not a few massive wealthy people.
Posted on 11/2/17 at 4:15 pm to weagle99
We've been told for 8 years it doesn't matter, why do you care now? Simply, identity politics is the answer. Just look at the libs trying to pawn off Obamacare to Trump after years of them touting it was the best thing ever.
Posted on 11/2/17 at 4:16 pm to weagle99
This plan is a recipe for massive increases in the deficit and TOTAL debt. It is utterly irresponsible. It is a $2 trillion boom to major corporations and their stockholders many of whom are foreign investors.
Posted on 11/2/17 at 4:17 pm to weagle99
Yes it will reduce my credit card deficit, imagine that, my own money paying for my own deficit
Posted on 11/2/17 at 4:20 pm to weagle99
I'm more interested in the new spending plan reducing the deficit.
Posted on 11/2/17 at 4:26 pm to weagle99
quote:Here ya go, via Trump's alma mater Wharton:
Will the new tax plan reduce the deficit?
quote:
The study, which relies on the Penn Wharton Budget Model (PWBM), found that the deficit would increase by $1 trillion to $3.5 trillion over the course of the first decade, based on differing estimates of how the final plan will look. By 2040, the plans would cost between $2 trillion and $10.6 trillion.
Posted on 11/2/17 at 4:29 pm to weagle99
quote:
Will the new tax plan reduce the deficit?
That is an important topic for Republicans, right?
Reducing the deficit through taxation is the wrong approach and misidentifies the problem.
Posted on 11/2/17 at 4:29 pm to weagle99
quote:
Will the new tax plan reduce the deficit?
Not a single person who spent the last 8 years screaming about the deficit gives two shits if this has any impact on it.
Posted on 11/2/17 at 4:29 pm to weagle99
If the tax plan reduces taxes for middle class workers, those people would now have more disposable income leading to consumers spending more money with American businesses, which creates a broader tax base through job creation and wage increases, which leads to fewer people relying on welfare programs. Plus new jobs (new income to be taxed) from companies moving operations back into the US and hiring here instead of overseas.
Posted on 11/2/17 at 4:31 pm to Tiger Prawn
quote:
which leads to fewer people relying on welfare programs.
I have been repeatedly assured by this board, that the majority of folks on welfare could find a job, they just choose not to.
Posted on 11/2/17 at 4:33 pm to weagle99
quote:
That is an important topic for Republicans, right?
can reduce deficit by revenue alone. have to cut spending
if we raised taxed today to match spending, we would have to raise taxes again next year because spending is growing faster then GDP.....
This post was edited on 11/2/17 at 4:34 pm
Posted on 11/2/17 at 4:34 pm to Green Chili Tiger
quote:
I have been repeatedly assured by this board, that the majority of folks on welfare could find a job, they just choose not to.
Well, look how many of them have returned to work since Trump was elected...
Posted on 11/2/17 at 4:36 pm to weagle99
Jug Ears doubled the national debt in 8 years.
Added 10 trillion to it, and what do we have to show for it today?
dims don't care about the national debt.
Added 10 trillion to it, and what do we have to show for it today?
dims don't care about the national debt.
Posted on 11/2/17 at 4:39 pm to austintigerdad
quote:
quote:
The study, which relies on the Penn Wharton Budget Model (PWBM), found that the deficit would increase by $1 trillion to $3.5 trillion over the course of the first decade, based on differing estimates of how the final plan will look. By 2040, the plans would cost between $2 trillion and $10.6 trillion.
Again why does it matter now? I know because it's not your guy.
On January 20, 2009, when Obama was sworn in, the debt was $10.626 trillion. On January 20, 2017, it was $19.947 trillion.
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