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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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Date: Thu, 16 May 2024 19:12 UTC
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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 13:12:22 -0600
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In article <XnsB1748509CEBCF629555@185.151.15.190>, noemail@aol.com
says...
>
> "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?"

They found nothing wrong with his taxes. No charges, no convictions.

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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