Debt limit
Comments
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https://taxfoundation.org/do-tax-cuts-pay-themselves/RaceBannon said:Don't be a sore loser
Just keep being a loser
Can a tax cut pay for itself? Most economists would probably agree that the answer is generally “rarely, but usually not.”
And these are the guys on your team, putting the best face possible on tax cuts. -
Pay for themselves
They increase revenue and people keep more of their money
Sounds horrible
Did the trillion dollars on green energy pay for itself?
Keep losing -
To “increase revenue” a tax cut would have to produce more revenue than would have been produced in its absence. That can happen when you cut rates from outrageously high, confiscatory levels. We aren’t anywhere near those levels and really never have been.
Like most simpletons on the bored, you will point out that tax revenues have grown. Of course, over time every single tax policy we have ever enacted has been followed by increased revenues. That’s a function of the economy, not tax policy.
Daddy’s tax cut was sold as “rocket fuel” for the economy. The cut is still in place, so I guess the economy must be doing great. So stop your bitching. -
It doesn't matter if the US defaults on $31T or $100T, a default is a default. If they default, the S&P will fall 7-10% within minutes and we will see the largest market crash since the Great Depression. There is nobody in congress that wants to be pegged as part of the first group to ever allow the country to go into default. The federal government then needs to increase revenue and decrease spending in the following ways:
Increase Revenue
1) Increase the income limit on social security tax from the existing $160,200 limit. Bump it to $350k. There aren't as many income earners in this category, but at least that can increase revenue into social security and keep it going longer. I thought originally Covid would have fixed a lot of the problem, but nope. It was more talk than walk.
2) Add a non-residence tax for migrating workers. If you are on a VISA or green card, then you must pay an additional 5% non-residence tax
3) Increase the capital gains tax on the highest 1% income earners.
Decrease Spending
1) Military spending has gotten completely out of hand, as we spend three times more than the second highest (china) and 10 times more than third (Saudi Arabia)
2) Add a work requirement for people on federal welfare unless they collect from SSI due to disabilities. There are many parks, beaches, hiking trails, highways, that need cleaned and mending. Instead of paying additional funds for companies or government employees to do it, why not have people we are already paying to do this. This should help reduce the amount of government service employees on payroll. People on federal welfare gather at central locations and get bussed to different locations for work, and get bussed back.
3) Create a flat tax system. If you simplify the tax code you can cut the amount of IRS personnel on payroll.
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Like I said I'm rightHHusky said:To “increase revenue” a tax cut would have to produce more revenue than would have been produced in its absence. That can happen when you cut rates from outrageously high, confiscatory levels. We aren’t anywhere near those levels and really never have been.
Like most simpletons on the bored, you will point out that tax revenues have grown. Of course, over time every single tax policy we have ever enacted has been followed by increased revenues. That’s a function of the economy, not tax policy.
Daddy’s tax cut was sold as “rocket fuel” for the economy. The cut is still in place, so I guess the economy must be doing great. So stop your bitching.
No need to keep embarrassing yourself
Tax cuts bring an economy that increases revenue?
That's what I said -
It's just not about raising revenue. There is freedom, liberty, the free market and private property. If you want less of these, you tax it. If you want more of something, like sloth, you subsidize it. Nothing quite like the revenue stream of North Korea or Cuba. It's like there is a real world economic laboratory out there and this thing called history.
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Yes, I just returned from Norway.WestlinnDuck said:It's just not about raising revenue. There is freedom, liberty, the free market and private property. If you want less of these, you tax it. If you want more of something, like sloth, you subsidize it. Nothing quite like the revenue stream of North Korea or Cuba. It's like there is a real world economic laboratory out there and this thing called history.
Watching those poor people living under the yoke of socialism was so sobering. -
So do tax increases. It's all magic . . . for the Evergreen State grads.RaceBannon said:HHusky said:To “increase revenue” a tax cut would have to produce more revenue than would have been produced in its absence. That can happen when you cut rates from outrageously high, confiscatory levels. We aren’t anywhere near those levels and really never have been.
Like most simpletons on the bored, you will point out that tax revenues have grown. Of course, over time every single tax policy we have ever enacted has been followed by increased revenues. That’s a function of the economy, not tax policy.
Daddy’s tax cut was sold as “rocket fuel” for the economy. The cut is still in place, so I guess the economy must be doing great. So stop your bitching.
Tax cuts bring an economy that increases revenue? -
Now do North Sea oil. We could do US oil and gas but the yoke of socialism and the dems you vote for prefer we send our tax dollars to the chicoms for solar panels. Brilliant.HHusky said:
Yes, I just returned from Norway.WestlinnDuck said:It's just not about raising revenue. There is freedom, liberty, the free market and private property. If you want less of these, you tax it. If you want more of something, like sloth, you subsidize it. Nothing quite like the revenue stream of North Korea or Cuba. It's like there is a real world economic laboratory out there and this thing called history.
Watching those poor people living under the yoke of socialism was so sobering. -
Not magic at allHHusky said:
So do tax increases. It's all magic . . . for the Evergreen State grads.RaceBannon said:HHusky said:To “increase revenue” a tax cut would have to produce more revenue than would have been produced in its absence. That can happen when you cut rates from outrageously high, confiscatory levels. We aren’t anywhere near those levels and really never have been.
Like most simpletons on the bored, you will point out that tax revenues have grown. Of course, over time every single tax policy we have ever enacted has been followed by increased revenues. That’s a function of the economy, not tax policy.
Daddy’s tax cut was sold as “rocket fuel” for the economy. The cut is still in place, so I guess the economy must be doing great. So stop your bitching.
Tax cuts bring an economy that increases revenue?
Too bad your party crashed the economy and elected a corrupt dementia addled pedo
Feel the magic
