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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: Scout
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Date: Thu, 16 May 2024 11:54 UTC
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From: me4guns@verizon.removeme.this2.nospam.net (Scout)
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: Thu, 16 May 2024 07:54:59 -0400
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"Skeeter" <skeeterweed@photonmail.com> wrote in message
news:66453170$0$7070$882e4bbb@reader.netnews.com...
> In article <v22f6d$tibb$14@dont-email.me>,
> me4guns@verizon.removeme.this2.nospam.net says...
>>
>> "Mitchell Holman" <noemail@aol.com> wrote in message
>> news:XnsB172D7EED96F0629555@185.151.15.190...
>> > 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?
>>
>> Really? Produce your proof for any year you like, that Trump did not pay
>> a
>> single penny in tax.. for anything.
>> ,
>> Oh, let me guess, you're just full of shit.
>>
>
> Just like the Russia collusion the tax story is a joke.

And I could also note that to date, no one has ever shown Trump is
delinquent on any tax.

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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