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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: Thu, 16 May 2024 18:06 UTC
References: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
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$882e4bbb@reader.netnews.com> <XnsB172D7EED96F0629555@185.151.15.190> <v22f6d$tibb$14@dont-email.me> <66453170$0$7070$882e4bbb@reader.netnews.com> <v25eve$1m5b5$11@dont-email.me>
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"Scout" <me4guns@verizon.removeme.this2.nospam.net> wrote in
news:v25eve$1m5b5$11@dont-email.me:

>
>
> "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.

Is that the best you can do?

You are REQUIRED to pay your taxes
on time, you don't get a cookie for
obeying the law.

"Your honor, my client has come to
court on time and sober every day this
week" Judge - "Is this his idea of an
accomplishment?"

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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