This deficit projection does not include the new wall, the korean war etc etc…
1 Like
They could easily offset by cutting the pentagon budget. The pentagon has admitted it wastes $125B/yr.
Honestly, all tax and spending talk is meaningless without discussing the big 3 of medicare, medicaid, and social security. Those 3 and debt will swallow the whole budget within 15 years.
1 Like
Well, with these tax cuts we won’t worry about closing any expenditure, right?
We are going to be winning big time!
Aren’t we still sending $ billions to Israel when somebody, a name very hard for me to remember was bitching about that and saying any expenses on the international arena, Afghanistan, you name it, you know, those who want us to pay for his defense would be doing it on their own…oh boy…my memory is not that good as that liar.
It’s OK, let them vote anything stupid, the blue wave is coming!
During an election yesterday, a transgender beat the hell up of somebody mocking women. That must hurt anybody’s manhood. 
Measure C lost in South Lake Tahoe…-1/2 cent raise in sales tax denied…People don’t want more taxes
They want less spending and better cost control
Taxes are only voted for other people to pay…That is why rental car and hotel taxes are so popular. …
That is also why poor people love to have rich people pay all the taxes… the rich already pay 90%
The tax plan as is is fine… Why change it
1 Like
If you know how to use the Augusta rule…oh well…why bother.
So, I heard Jil saying Heloc is out of the picture next year. Great!
Indeed, there’s a saying like this one “if ain’t broken, why fix it?”.
But that saying is for smart people to apply. Washington DC is full of dummies.
LOL…bring “data” to defeat a guy who knows what he’s talking about.
I have written about this country’s uniquely stingy tax policy before. Small government, I believe, has proved to be no match for its social ills, too puny to offer much resistance to rampant inequality, stubborn infant mortality or off-the-charts opioid addiction. American voters’ uniquely intense hostility toward trade can, in the same way, be traced back to the government’s ineffectiveness in mitigating trade’s disruptions.
Republicans seem to believe that the best prescription to address the nation’s ills is to slash some $50,000 from the taxes of people earning a million or more. As Isabel V. Sawhill and Eleanor Krause of the Brookings Institution note, the estate tax could generate $1 trillion over a decade just by raising the rate and cutting the exemptions to where they were in the 1970s. Raising the exemption on the estate tax to $11 million, as Republicans propose, will help only a narrow sliver of ultrarich Americans.
It is hard to conclude that the Republican proposal is about anything but that narrow sliver. If it succeeds, it will transform the United States from a low-tax country to a lower-tax one. And the mystery will persist: In cutting taxes as babies die and adults waste away in addiction, what do Americans mean by nation?
http://www.msn.com/en-us/money/markets/considering-the-cost-of-lower-taxes/ar-BBEWvHF?ocid=ientp
We can just make drugs illegal. Then people will stop doing them, and we don’t have a drug addiction problem. There you go. Problem solved.
Somebody is on drugs, for sure.
Austria, Belgium, Greece, Hungary, Luxembourg, the Netherlands and Norway approved or carried out comprehensive tax reforms last year, according to the O.E.C.D. Other countries also enacted more piecemeal changes. With the exception of Greece, which is under German pressure to cut its budget deficit, they have all aimed at stimulating growth.
Many of these efforts are likely to reduce income-tax revenue, as the Republicans’ plans would. But the larger goals are radically different; they are also meant to enhance equity.
Of 15 O.E.C.D. countries that changed their top income-tax rates for 2016 and later years, nine increased them and only six reduced them, the O.E.C.D. found. Most of the tax cuts were aimed at those below the top tier of earners: over all, 19 countries cut marginal income-tax rates for those not in the highest bracket, aiming to increase the take-home pay of average workers. <--------
For someone that accuses others of being communist, you sure support some communist ideas.
Who cares what those other countries do? Are they more successful than the US? I’ve also explained the difference in US taxes vs other countries before. The bottom half of America has a 3% effective tax rate. The bottom 20% have a negative effective tax rate. Those people would pay effective tax rates of 28% or more in those other countries, so there’s room to cut their taxes. In the US, we’ve already cut their taxes to near zero. Only the richest 1% in the US pay an effective 28% income tax rate. We’re already using the tax code and government programs to reduce inequality. Do you think it’s working?
1 Like