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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
Newsgroups: alt.fan.rush-limbaugh, or.politics, uk.politics.misc, talk.politics.guns, rec.arts.tv, alt.atheism
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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: Thu, 16 May 2024 13:10:02 -0600
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In article <v25eve$1m5b5$11@dont-email.me>,
me4guns@verizon.removeme.this2.nospam.net says...
>
> "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.
>
>

and in New York the banks had no issue. Who is the victim?

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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