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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: Skeeter
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From: skeeterweed@photonmail.com (Skeeter)
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 $4.6 Trillion to Deficit: CBO
Date: Wed, 15 May 2024 16:03:00 -0600
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In article <v22j0c$ueks$12@dont-email.me>,
me4guns@verizon.removeme.this2.nospam.net says...
>
> "Mitchell Holman" <noemail@aol.com> wrote in message
> news:XnsB17355F19487D629555@185.151.15.160...
> > Skeeter <skeeterweed@photonmail.com> wrote in news:66441ea7$1$7164
> > $882e4bbb@reader.netnews.com:
> >
> >> In article <XnsB172D7EED96F0629555@185.151.15.190>, noemail@aol.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.
> >>> >
> >>>
> >>>
> >>> Trump went for years without
> >>> paying any taxes. Did you ever do
> >>> that?
> >>
> >> What does that have to do with anything?
> >
> >
> > You pay taxes so Trump doesn't have to.
>
> And we thank you for paying Trump's taxes.
>
>

The TDS in here is thick. These people have no ammo.

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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