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alt / alt.atheism / Re: Extending Trump Tax Cuts Would Add $4.6 Trillion to Deficit: CBO

Subject: Re: Extending Trump Tax Cuts Would Add $4.6 Trillion to Deficit: CBO
From: Mitchell Holman
Newsgroups: alt.fan.rush-limbaugh, or.politics, uk.politics.misc, talk.politics.guns, rec.arts.tv, alt.atheism
Organization: ViperNews - www.vipernews.com
Date: Wed, 15 May 2024 13:27 UTC
References: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
Newsgroups: alt.fan.rush-limbaugh,or.politics,uk.politics.misc,talk.politics.guns,rec.arts.tv,alt.atheism
Subject: Re: Extending Trump Tax Cuts Would Add $4.6 Trillion to Deficit: CBO
From: noemail@aol.com (Mitchell Holman)
References: <v1lpkb$1glbk$1@dont-email.me> <v1ltjj$1fv2p$1@dont-email.me> <bl2t3jhepuf49hgjjvo44bk7p80ptmkdan@4ax.com> <v1m2r4$1hjhg$3@dont-email.me> <v1nnij$219tb$7@dont-email.me> <v1o9ok$24n0i$1@dont-email.me> <v1svla$3ercf$14@dont-email.me> <6642836f$0$6559$882e4bbb@reader.netnews.com> <66428aac$0$2363145$882e4bbb@reader.netnews.com> <v1u5jt$3npnr$3@dont-email.me> <v1vml7$5qr6$2@dont-email.me> <v1vudp$7k1a$3@dont-email.me> <v1vv0t$6l2l$2@dont-email.me> <XnsB172867C8C708629555@185.151.15.160> <6643c6af$0$3711196$882e4bbb@reader.netnews.com> <v20jl9$crt1$5@dont-email.me> <6643d58d$0$7064$882e4bbb@reader.netnews.com> <v20tig$f3ai$6@dont-email.me>
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pothead <pothead@snakebite.com> wrote in
news:v20tig$f3ai$6@dont-email.me:

> On 2024-05-14, Skeeter <skeeterweed@photonmail.com> wrote:
>> In article <v20jl9$crt1$5@dont-email.me>, bax02_spamblock@baxcode.com
>> says...
>>>
>>> Skeeter <skeeterweed@photonmail.com> wrote in
>>> news:6643c6af$0$3711196$882e4bbb@reader.netnews.com:
>>>
>>> > In article <XnsB172867C8C708629555@185.151.15.160>,
>>> > noemail@aol.com says...
>>> >>
>>> >> Yak <yak@inbox.com> wrote in news:v1vv0t$6l2l$2@dont-email.me:
>>> >>
>>> >> > On 5/14/2024 11:02 AM, Baxter wrote:
>>> >> >> Yak <yak@inbox.com> wrote in news:v1vml7$5qr6$2@dont-email.me:
>>> >> >>
>>> >> >>> On 5/13/2024 6:52 PM, Baxter wrote:
>>> >> >>>> Skeeter <skeeterweed@photonmail.com> wrote in
>
>
>>> >> >>>> news:66428aac$0$2363145$882e4bbb@reader.netnews.com:
>>> >> >>>>
>>> >> >>>>> In article <6642836f$0$6559$882e4bbb@reader.netnews.com>,
>>> >> >>>>> "Charlie Glock"@localhost.com says...
>>> >> >>>>>>
>>> >> >>>>>> On 2024-05-13, Scout
>>> >> >>>>>> <me4guns@verizon.removeme.this2.nospam.net> wrote:
>>> >> >>>>>>>
>>> >> >>>>>>>
>>> >> >>>>>>> "Yak" <yak@inbox.com> wrote in message
>>> >> >>>>>>> news:v1o9ok$24n0i$1@dont-email.me...
>>> >> >>>>>>>> On 5/11/2024 8:05 AM, Scout wrote:
>>> >> >>>>>>>>>
>>> >> >>>>>>>>>
>>> >> >>>>>>>>> "Ford Prefect" <hhgttg@galaxy.com> wrote in message
>>> >> >>>>>>>>> news:v1m2r4$1hjhg$3@dont-email.me...
>>> >> >>>>>>>>>> On 5/10/2024 5:02 PM, spaminator wrote:
>>> >> >>>>>>>>>>> Ford Prefect <hhgttg@galaxy.com> wrote:
>>> >> >>>>>>>>>>>
>>> >> >>>>>>>>>>>> This one again?
>>> >> >>>>>>>>>>>>
>>> >> >>>>>>>>>>>> Let's assume what the CBO says is correct (you can't
>>> >> >>>>>>>>>>>> because it doesn't
>>> >> >>>>>>>>>>>> account for the increased tax receipts that occur
>>> >> >>>>>>>>>>>> under tax cuts), the IRS would have collected $4.6
>>> >> >>>>>>>>>>>> billion per year (4.6B/year * 10 years = 4.6T).
>>> >> >>>>>>>>>>>
>>> >> >>>>>>>>>>> ROFL. Your arithmetic skills are broke. Back to 3rd
>>> >> >>>>>>>>>>> grade for you.
>>> >> >>>>>>>>>>
>>> >> >>>>>>>>>> What's broke? Or were you educated at a public school?
>>> >> >>>>>>>>>
>>> >> >>>>>>>>> 4.6B/year * 10 years = 46B
>>> >> >>>>>>>>>
>>> >> >>>>>>>>> On the other hand, lets point out that difference is
>>> >> >>>>>>>>> irrelevant given the sort of deficits the government
>>> >> >>>>>>>>> is, has, and will continue to produce.
>>> >> >>>>>>>>>
>>> >> >>>>>>>>> We need to eliminate the power of government to add or
>>> >> >>>>>>>>> increase any taxes.
>>> >> >>>>>>>>>
>>> >> >>>>>>>>> They get 15% of the GDP (federal, state and local) and
>>> >> >>>>>>>>> they
>>> >> have
>>> >> >>>>>>>>> to live within their means like everyone else.
>>> >> >>>>>>>>>
>>> >> >>>>>>>>> Currently that would allow all levels of government to
>>> >> >>>>>>>>> spend $3.81 Trillion.
>>> >> >>>>>>>>>
>>> >> >>>>>>>>> Another 5% would be applied directly to paying down the
>>> >> existing
>>> >> >>>>>>>>> state and national debts (and would not apply to new
>>> >> >>>>>>>>> debt)
>>> >> >>>>>>>>>
>>> >> >>>>>>>>> The FIRST budgetary item would be to pay the interest
>>> >> >>>>>>>>> on any
>>> >> new
>>> >> >>>>>>>>> debt and paying off 5% of the principle of such debt.
>>> >> >>>>>>>>>
>>> >> >>>>>>>>> The Secondary budget item would be to service of any
>>> >> >>>>>>>>> bonds sold to the public to finance large government
>>> >> >>>>>>>>> projects.
>>> >> >>>>>>>>>
>>> >> >>>>>>>>> The FINAL budget item would be pay for the elected
>>> >> >>>>>>>>> officials.
>>> >> >>>>>>>>>
>>> >> >>>>>>>>> In short, if the government is going into debt.. they
>>> >> >>>>>>>>> don't get paid.
>>> >> >>>>>>>>>
>>> >> >>>>>>>>> Further they are prohibited from having any other
>>> >> >>>>>>>>> sources of income.
>>> >> >>>>>>>>
>>> >> >>>>>>>> Let's take it even another step further. According to
>>> >> >>>>>>>> the CBO
>>> >> the
>>> >> >>>>>>>> total deficts from the beginning of the Trump tax cuts,
>>> >> >>>>>>>> and extending them through 2033, is about $31 trillion.
>>> >> >>>>>>>> Subtract the $4.6 trillion Trump tax cuts and you still
>>> >> >>>>>>>> have $26.4 trillion.
>>> >> Am
>>> >> >>>>>>>> I supposed to feel better about this? Especially
>>> >> >>>>>>>> considering, as Ford correctly noted, even if the govt
>>> >> >>>>>>>> collected it they would spend it anyway.
>>> >> >>>>>>>
>>> >> >>>>>>> As I said limit government spending to a percentage of
>>> >> >>>>>>> the GDP.
>>> >> If
>>> >> >>>>>>> officials exceed those limits there are consequences.
>>> >> >>>>>>>
>>> >> >>>>>>
>>> >> >>>>>> Both parties spend like drunken sailors and it needs to
>>> >> >>>>>> stop. My issue is more of a what are they spending my tax
>>> >> >>>>>> dollars on? Are these bills productive or are millions of
>>> >> >>>>>> dollars set aside to
>>> >> study
>>> >> >>>>>> how chickens mate?
>>> >> >>>>
>>> >> >>>> In the 50's and 60's we taxed the rich to pay for out
>>> >> >>>> spending. We
>>> >> >> can
>>> >> >>>> do it again..
>>> >> >>>
>>> >> >>> The rich are already taxed.
>>> >> >>>
>>> >> >> Many of the rich don't pay any taxes.
>>> >> >
>>> >> > Many of the non-rich don't either.
>>> >> >
>>> >>
>>> >>
>>> >> Are you proud of paying more in taxes
>>> >> than billionaire Trump?
>>> >
>>> > Really? You are scraping bottom.
>>> >
>>>
>>> That's a real question. tRump claims to be a billionaire yet picks
>>> your pocket and cheats on taxes.
>>
>> They found nothing wrong with his taxes. He has never picked my
>> pocket. Keep trying and maybe you can come up with something.
>
> Did Biden pay taxes on the millions of bribes he received from foreign
> countries?
>

What bribes?

SubjectRepliesAuthor
o Extending Trump Tax Cuts Would Add $4.6 Trillion to Deficit: CBO

By: Borrow & Spend t on Fri, 10 May 2024

239Borrow & Spend tRUMP

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