Tax law virtually paid for
Kudlow, “Face the Nation,” July 29: Even the CBO numbers– even the CBO numbers show now that the entire one-and-a-half-trillion-dollar tax cut is virtually paid for by higher revenues and better nominal GDP.
The CBO does estimate that the tax law will prompt some economic changes that reduce its impact on the deficit.
The congressional budget analysts expect the tax law will boost average annual real GDP, or gross domestic product, by 0.7 percent over the 2018 to 2028 period, for example.
And without the “effects of the macroeconomic feedback,” as CBO describes the law’s economic effects, it would add more than $2.3 trillion to the deficit over the next 11 years, including a more than $1.8 trillion increase in the primary deficit and a $471 billion increase in debt-service costs. (See Table B-3.)
https://www.usatoday.com/story/news/politics/2018/08/02/cbo-didnt-say-tax-cuts-were-virtually-paid-larry-kudlow-fact-check/895004002/
Comments
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HondoFS...
How's your "dynamic modeling" comparing to actual revenues? (Hint...actual revenue is much higher).
Speaking of revenues, you paid up yet for Spamming the board, or you going to avoid the question some more? -
It's actually dynamic scoring and it discusses that right there in the article, although they don't call it that.HoustonHusky said:HondoFS...
How's your "dynamic modeling" comparing to actual revenues? (Hint...actual revenue is much higher).
Speaking of revenues, you paid up yet for Spamming the board, or you going to avoid the question some more?
And no actual revenue isn't much higher. But ok! -
Its my money
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You should go back to the "dynamic scoring" of the tax bill and compare it to the actual revenues...you'd be wrong again (for the 324,433,735 today alone).2001400ex said:
It's actually dynamic scoring and it discusses that right there in the article, although they don't call it that.HoustonHusky said:HondoFS...
How's your "dynamic modeling" comparing to actual revenues? (Hint...actual revenue is much higher).
Speaking of revenues, you paid up yet for Spamming the board, or you going to avoid the question some more?
And no actual revenue isn't much higher. But ok!
Nice duck on the donation question...wonder why you skipped it?
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You do realize that the more you bitch about donations. The more I'll wait just to piss you off. Sorry to Derek but that's how I roll.HoustonHusky said:
You should go back to the "dynamic scoring" of the tax bill and compare it to the actual revenues...you'd be wrong again (for the 324,433,735 today alone).2001400ex said:
It's actually dynamic scoring and it discusses that right there in the article, although they don't call it that.HoustonHusky said:HondoFS...
How's your "dynamic modeling" comparing to actual revenues? (Hint...actual revenue is much higher).
Speaking of revenues, you paid up yet for Spamming the board, or you going to avoid the question some more?
And no actual revenue isn't much higher. But ok!
Nice duck on the donation question...wonder why you skipped it?
And show me where revenues are way higher than projected. A link would be nice. -
The notion that a tax cut needs to be “paid for” is absurd and is just political language . If you don’t understand why, you’re a fucking dumbshit.
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Only in government is a budget deficit or debt seen as a revenue problem and not a spending problem.MikeDamone said:The notion that a tax cut needs to be “paid for” is absurd and is just political language . If you don’t understand why, you’re a fucking dumbshit.
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Conservatives have bashed the deficit for years. And they ran on a platform of being budget hawks. This bill by the conservatives makes the deficit worse.MikeDamone said:The notion that a tax cut needs to be “paid for” is absurd and is just political language . If you don’t understand why, you’re a fucking dumbshit.
You understand? -
Da fuq? Have you never worked in any business ever? Grow revenue is the mantra at every business.sMeLLThEGl0vE said:
Only in government is a budget deficit or debt seen as a revenue problem and not a spending problem.MikeDamone said:The notion that a tax cut needs to be “paid for” is absurd and is just political language . If you don’t understand why, you’re a fucking dumbshit.
That being said, it's a both problem. And right now conservatives are also spending like drunken sailors. -
Yes. Congress should cut spending. No fucking shit. What way does to with anything I said?2001400ex said:
Conservatives have bashed the deficit for years. And they ran on a platform of being budget hawks. This bill by the conservatives makes the deficit worse.MikeDamone said:The notion that a tax cut needs to be “paid for” is absurd and is just political language . If you don’t understand why, you’re a fucking dumbshit.
You understand?
Government is not a business. They don’t “generate revenue” or create wealth. They can take by force without provding comeasureate value.
You fucking dumbshit. -
Government is a business?2001400ex said:
Da fuq? Have you never worked in any business ever? Grow revenue is the mantra at every business.sMeLLThEGl0vE said:
Only in government is a budget deficit or debt seen as a revenue problem and not a spending problem.MikeDamone said:The notion that a tax cut needs to be “paid for” is absurd and is just political language . If you don’t understand why, you’re a fucking dumbshit.
That being said, it's a both problem. And right now conservatives are also spending like drunken sailors. -
Read what I quoted for context.BleachedAnusDawg said:
Government is a business?2001400ex said:
Da fuq? Have you never worked in any business ever? Grow revenue is the mantra at every business.sMeLLThEGl0vE said:
Only in government is a budget deficit or debt seen as a revenue problem and not a spending problem.MikeDamone said:The notion that a tax cut needs to be “paid for” is absurd and is just political language . If you don’t understand why, you’re a fucking dumbshit.
That being said, it's a both problem. And right now conservatives are also spending like drunken sailors. -
My twilio stock is up another 20% today. I'm up 301% over the last 27 months overall. The economy works for me
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Twilio is great. So fuckin easy and cheapgreenblood said:My twilio stock is up another 20% today. I'm up 301% over the last 27 months overall. The economy works for me
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Agree. I've always hated the Internal Revenue Service. Name should be changed to Internal Theft Service.MikeDamone said:
Yes. Congress should cut spending. No fucking shit. What way does to with anything I said?2001400ex said:
Conservatives have bashed the deficit for years. And they ran on a platform of being budget hawks. This bill by the conservatives makes the deficit worse.MikeDamone said:The notion that a tax cut needs to be “paid for” is absurd and is just political language . If you don’t understand why, you’re a fucking dumbshit.
You understand?
Government is not a business. They don’t “generate revenue” or create wealth. They can take by force without provding comeasureate value.
You fucking dumbshit. -
Nice trade. Why did you pick Twilio when you did?greenblood said:My twilio stock is up another 20% today. I'm up 301% over the last 27 months overall. The economy works for me
