Trump raised money, Senile Biden wasted it

[berryberry]

Thanks to the Trump tax code, we’re now collecting more tax revenue than what our ENTIRE federal spending was in FY2019 ($4.45T). In other words, we would have had a balanced budget by now…if not for Senile Biden‘s wasteful far left multi trillion spending programs.



It is remarkable how many leftists actually are so misinformed and poorly educated to believe Trump's tax cuts were just a tax cut for the rich.

[bambino]

But Joey Bribes wants to raise taxes!!!!!!

[eyecu2]

I would not take the word of David Asman. He's a fox shill and if they aren't selling books or sleeping pills, or fruit n veggy pills, or pillows, they are simply full of crap. I would suggest that tax cuts for the wealthy isn't where this country needs to invest. An overall increase in usable funds won't help a lot either right now- as more money in the hands of purchasers, will simply drive up inflation. Today the cure of spending isn't to add more spending- but to slow it down a little bit, but not to start a recession.

If you think more money needs to be in the economy right now- tell us what that would improve? I'd say there needs to be some earned income tax credits for those who make less than 60-70k as a family to afford food and housing. You're not going out to blow that on a car if you are just making ends meet currently.

https://www.cbpp.org/research/federa...led-to-deliver

Top priorities for extending and expanding tax provisions in 2025 should be the Child Tax Credit, the Earned Income Tax Credit (EITC) for adults not raising children, and the enhanced premium tax credits for Affordable Care Act (ACA) marketplace coverage. These credits have a long history of success — in stark contrast to the record of failure of the corporate tax rate cut and other regressive tax cuts. This includes a marked drop in the child poverty rate in 2021 under the American Rescue Plan’s expansion of the Child Tax Credit — a policy that should be made permanent in 2025.

I am not suggesting that every tax incentive created by Trump was bad, but things like putting tariffs on imports and then giving subsidies to farmers was just stupid. A zero sum net gain, and it also created a negative imput to the values of those same farms who were recieving them.

Isn't the open markets approach to economics as touted by ppl like Kudlow and others how the conservatives want the economy to follow? Take natural gas for example- the thing Trumpians are so eager to crow about!

Imagine what will happen when a natural gas hungry world, see's availability and steady outflow from the USA? Imagine when you and I watch our natural gas prices shoot through the roof when those exporting gas can sell it at 2 or 10 times the amount they sell it for now? Imagine how you watch a home heating bill go from 100-500 dollars a month.

It's going to happen - and not in the distant future. As soon as all these "beautiful pipelines" are completed- you're gonna see a radical change in pricing and costs for the avg homeowner.

Tax cuts won't help correct any of that.

[rmg_35]

More false propaganda feom the radical far-right wing extremists. The insurrectionist treasonist traitor and sexual abuser tRump's tax cut benefits the super rich and adds to the national debt every year. It is in no way paying for itself.

[berryberry]

Originally Posted by eyecu2

I would not take the word of David Asman.

The numbers are straight from the Congressional Budget Office. Do you dispute what the Congressional Budget Office has published? If so, please provide facts explaining why the numbers are wrong

[rmg_35]

Originally Posted by berryberry

The numbers are straight from the Congressional Budget Office. Do you dispute what the Congressional Budget Office has published? If so, please provide facts explaining why the numbers are wrong

https://www.budget.senate.gov/chairm...through%202033.

https://www.americanprogress.org/art...ng-debt-ratio/

https://www.cbpp.org/research/federa...led-to-deliver

The insurrectionist treasonist traitor and sexual abuser tRump's tax cut was just another bullshit money grab for the greedy rich and corporations. If continued, it will raise trillions of dollars to the deficit.

[chizzy]

Originally Posted by rmg_35

https://www.budget.senate.gov/chairm...through%202033.

https://www.americanprogress.org/art...ng-debt-ratio/

https://www.cbpp.org/research/federa...led-to-deliver

The insurrectionist treasonist traitor and sexual abuser tRump's tax cut was just another bullshit money grab for the greedy rich and corporations. If continued, it will raise trillions of dollars to the deficit.

so lets see.... the cbo in your opinion is biased but the 3 you listed arent? give me a fucking break

the senate is run by the left, so that throws the first one down the toilet

the second one is run by a former biden member, so another liberal run crapper

and the third was founded by a carter man and a clinton man

you are truely a brainwashed liberal theres no hope for you


the cbo is completely unbiased and i dont think any of your liberal posters who have knowledge would agrue that point

carry on..............

[rmg_35]

Originally Posted by chizzy

so lets see.... the cbo in your opinion is biased but the 3 you listed arent? give me a fucking break

the senate is run by the left, so that throws the first one down the toilet

the second one is run by a former biden member, so another liberal run crapper

and the third was founded by a carter man and a clinton man

you are truely a brainwashed liberal theres no hope for you

carry on..............

not suprised you disagree. Only the ill-informed maga nitwits and supporters of the insurrectionist treasonist traitor and sexual abuser tRump think this assine tax windfall for the rich was a good thing for the country.
the cbo is completely unbiased and i dont think any of your liberal posters who have knowledge would agrue that point

[CreatedInSpace]

I’m not rich (yet) by most definitions and got a nice tax reduction. It only stands to reason that the more income one has the greater their tax break will be. A few percent of a million is always going to be more than a few percent of fifty thousand. Wealthy people take far too much criticism when they’re the ones who should be emulated, not disparaged. They contribute the most to the system by far, and take the least from it. The only fair way to do taxes is a single rate for everyone, IMO.

The only wealthy people that stick in my craw are politicians. They enter what’s supposed to be a position serving others, with a mediocre government salary, and come out a few years later with not only themselves, but also their entire families, having astronomical net worths. Washington, along with most state and local governments, are cesspools of corruption on all sides.

[berryberry]

Originally Posted by chizzy

the cbo is completely unbiased and i dont think any of your liberal posters who have knowledge would argue that point

Yeah - funny isn't it how when asked he could not refute the non partisan, unbiased CBO data - but instead chose to toss out links from leftist sites

[berryberry]

Originally Posted by CreatedInSpace

I’m not rich (yet) by most definitions and got a nice tax reduction. It only stands to reason that the more income one has the greater their tax break will be. A few percent of a million is always going to be more than a few percent of fifty thousand. Wealthy people take far too much criticism when they’re the ones who should be emulated, not disparaged. They contribute the most to the system by far, and take the least from it. The only fair way to do taxes is a single rate for everyone, IMO.

The only wealthy people that stick in my craw are politicians. They enter what’s supposed to be a position serving others, with a mediocre government salary, and come out a few years later with not only themselves, but also their entire families, having astronomical net worths. Washington, along with most state and local governments, are cesspools of corruption on all sides.

Well said - we saw in the initial post how Trump's tax policy helped raise US tax revenue. But of course the leftists always try to turn it into class warfare. Your post and this chart encapsulate and totally destroys the leftists false arguments.