Bush92
GHBush1992
- May 23, 2014
- 34,808
- 10,715
- 1,400
Taxes and the tax code can also be used as incentives to invest in America.Corporations should get a HUGE reinvestment tax break.I'm a Conservative not a Republican however I believe all should have a stake in the game of paying taxes. That said, we need to cut spending across the board and keep the taxes until the debt is retired and then cut taxes for all.
And with 60% of the Federal budget for "Mandatory spending"... i.e. Medicare/SS/ etc.. how do you propose cutting the
Mandatory spending is estimated to be $2.841 trillion for FY 2020. The two largest mandatory programs are Social Security and Medicare. That's 60% of all federal spending. It's almost three times more than the military budget.
The Mandatory Federal Programs That Are Eating the Budget Alive
Where do you propose cutting that?
Then ...
The interest on the national debt is how much the federal government must pay on outstanding public debt each year.
The interest on the debt is $479 billion. (About 10% of the budget.)
That's from the federal budget for fiscal year 2020 that runs from October 1, 2019, through September 30, 2020.
4 Ways to Reduce the Interest on the National Debt
So where do you propose cutting the remaining 30% of Federal Budget?
Come on genius... tell me where you'd cut if 60% for Mandatory spending, 10% for debt interest... LEAVES 30% where to cut!!!
TELL ME PLEASE!!!
Facts really have a way of being a downer!
Yes, exactly. It cracks me up when I see left-wingers scream and yell about tax breaks for business investment.... and then scream and yell when those businesses invest over seas where taxes are lower.
Hello left-wingers..... these two things are connected, you morons.