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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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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: Fri, 17 May 2024 08:06:38 -0400
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"Skeeter" <skeeterweed@photonmail.com> wrote in message
news:66465a0a$0$1258337$882e4bbb@reader.netnews.com...
> 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?

Liberals... because Trump dared to be elected.

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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