g5000
Diamond Member
- Nov 26, 2011
- 125,841
- 69,606
- 2,605
"We're effectively run in this country via the Democrats, via our corporate oligarchs, by a bunch of childless cat ladies who are miserable at their own lives and the choices that they've made." - JD Vance
Poor Flip Flopper JD. He's going to have to wash down his self respect with some racist Diet Mountain Dew again. His boss is kowtowing to the corporate oligarchs by promising them a big tax cut.
Since Trump has no idea how to cut spending, this decrease in revenues will add more to our debt, of course.
But wait, there's more!
Trump is also promising our country's geezers he will end taxes on Social Security income!
More debt!
This is blatant vote buying. Geezers are the largest Trump voting bloc. The average age of Fox News viewership is 128 years old.
I happen to know the guy running Trump's failing Truth Social platform is Deven Nunes. Nunes was a Congressman and one of Trump's biggest lickspittles in the House. He would run to Trump and spill confidential information about the House investigation into Russian interference in the 2016 election. For this, Trump gave Nunes the Presidential Medal of Freedom as Trump was on his way out of the White House. And then he hired Nunes to run his social media company.
But there is something Nunes said years ago which backs up everything I have ever said about tax expenditures. The man nailed it.
You should read this as many times as it takes to get it:
No tax reform without border adjustment tax, Rep. Nunes says
"If people wanted to drop the corporate rate from 35 to say 33, 32, maybe 30, we could probably do it. But if you go back to several years that we looked at doing just that, the goal was to get to 25 percent, and by the time every lobbyist, every special interest group in town, representing every major corporation in this country, the tax rate was automatically all the way back above 30 by the time you put everybody's special loophole in."
Trump lowered the corporate tax rate to 21 percent WITHOUT taking out "everybody's special loophole".
And now he wants to exacerbate the problem even more with a 15 percent corporate tax rate.
Now, before some idiot completely misunderstands me, I am 100 percent for lowering taxes, but ONLY if we also eliminate the tax expenditures which have made them so high to begin with.
Every deduction, credit, and exemption has to be offset by higher tax rates. They are theft. So if you want to lower tax rates, you have to get rid of the deductions, credits, and exemptions which drove them higher.
Nunes got it. Trump doesn't. Because he's an idiot and he doesn't care about saddling future generations with even more unsustainable debt, just to please JD's corporate oligarchs.
Poor Flip Flopper JD. He's going to have to wash down his self respect with some racist Diet Mountain Dew again. His boss is kowtowing to the corporate oligarchs by promising them a big tax cut.
Since Trump has no idea how to cut spending, this decrease in revenues will add more to our debt, of course.
But wait, there's more!
Trump is also promising our country's geezers he will end taxes on Social Security income!
More debt!
This is blatant vote buying. Geezers are the largest Trump voting bloc. The average age of Fox News viewership is 128 years old.
I happen to know the guy running Trump's failing Truth Social platform is Deven Nunes. Nunes was a Congressman and one of Trump's biggest lickspittles in the House. He would run to Trump and spill confidential information about the House investigation into Russian interference in the 2016 election. For this, Trump gave Nunes the Presidential Medal of Freedom as Trump was on his way out of the White House. And then he hired Nunes to run his social media company.
But there is something Nunes said years ago which backs up everything I have ever said about tax expenditures. The man nailed it.
You should read this as many times as it takes to get it:
No tax reform without border adjustment tax, Rep. Nunes says
"If people wanted to drop the corporate rate from 35 to say 33, 32, maybe 30, we could probably do it. But if you go back to several years that we looked at doing just that, the goal was to get to 25 percent, and by the time every lobbyist, every special interest group in town, representing every major corporation in this country, the tax rate was automatically all the way back above 30 by the time you put everybody's special loophole in."
Trump lowered the corporate tax rate to 21 percent WITHOUT taking out "everybody's special loophole".
And now he wants to exacerbate the problem even more with a 15 percent corporate tax rate.
Now, before some idiot completely misunderstands me, I am 100 percent for lowering taxes, but ONLY if we also eliminate the tax expenditures which have made them so high to begin with.
Every deduction, credit, and exemption has to be offset by higher tax rates. They are theft. So if you want to lower tax rates, you have to get rid of the deductions, credits, and exemptions which drove them higher.
Nunes got it. Trump doesn't. Because he's an idiot and he doesn't care about saddling future generations with even more unsustainable debt, just to please JD's corporate oligarchs.
