Kamala's plan would add nearly 2 $Billion to the debt.

[Woodznutz]

Kamala's plan is to give a $50,000 tax credit to new business startups.

100,000 startups per year X $50,000 X 4 years = $2Billion
Success rate of 10 percent = 90 percent failure.
90 percent of $2Billion = $1,800,000.000 added to national debt.

*100,000 startups per year may be a low figure, based on the incentive.

 

[mudwhistle]

Kamala's plan is to give a $50,000 tax credit to new business startups.

100,000 startups per year X $50,000 X 4 years = $2Billion
Success rate of 10 percent = 90 percent failure.
90 percent of $2Billion = $1,800,000.000 added to national debt.

*100,000 startups per year may be a low figure, based on the incentive.

 

[candycorn]

Kamala's plan is to give a $50,000 tax credit to new business startups.

100,000 startups per year X $50,000 X 4 years = $2Billion
Success rate of 10 percent = 90 percent failure.
90 percent of $2Billion = $1,800,000.000 added to national debt.

*100,000 startups per year may be a low figure, based on the incentive.

Trump’s actions added $8T and most of his plans didn’t make it.

Seems like Harris has a better plan.

 

[Crepitus]

Kamala's plan is to give a $50,000 tax credit to new business startups.

100,000 startups per year X $50,000 X 4 years = $2Billion
Success rate of 10 percent = 90 percent failure.
90 percent of $2Billion = $1,800,000.000 added to national debt.

*100,000 startups per year may be a low figure, based on the incentive.

So that's like 2 trillion 998 billion less than tRump's plan?

AWESOME!

 

[Woodznutz]

Trump’s actions added $8T and most of his plans didn’t make it.

Seems like Harris has a better plan.

Pouring water on a drowning man isn't a good plan.

 

[candycorn]

Pouring water on a drowning man isn't a good plan.

So Trump announces that he won’t tax tips, OT, Social Security etc... What is that going to do to the deficit?

 

[Woodznutz]

Trump’s actions added $8T and most of his plans didn’t make it.

Seems like Harris has a better plan.

Let's do the math on the $25,000 first time home buyer handout.

3,000,000 new homes X $25,000 = $75 Billion added to the deficit.

 

[Moonglow]

Pouring water on a drowning man isn't a good plan.

What is Trump's plan to not add to the debt after cutting taxes for overtime, and social security?

 

[candycorn]

Let's do the math on the $25,000 first time home buyer handout.

3,000,000 new homes X $25,000 = $75 Billion added to the deficit.

Compared to $8T that got us nothing. I’ll take it.

3M new home owners.... sounds like a good investment for $75 billion.

 

[Woodznutz]

So Trump announces that he won’t tax tips, OT, Social Security etc... What is that going to do to the deficit?

That's not good either except SS, which has already been taxed once. Also, most tips aren't reported anyway. My wife was a waitress, her boss told the wait staff that they should claim at least half of their tips to keep the fed auditors away. OT should be taxed like other wages.

 

[Woodznutz]

What is Trump's plan to not add to the debt after cutting taxes for overtime, and social security?

His plan is to stimulate the economy by lowering corporate taxes, which has a history of working, reducing inflation by lowering energy costs, which will reduce most costs across the board. However, deficit spending/borrowing is always needed to backfill the balance of trade losses, drug money losses, and remittance losses. Every administration faces those losses.

 

[mudwhistle]

Let's do the math on the $25,000 first time home buyer handout.

3,000,000 new homes X $25,000 = $75 Billion added to the deficit.

I remember them tanking the economy in 2006-08 with these kinds of programs.

If you give $25K to a loser all they're going to do is trash the house and not pay their bills.

 

[Moonglow]

His plan is to stimulate the economy by lowering corporate taxes, which has a history of working, reducing inflation by lowering energy costs, which will reduce most costs across the board. However, deficit spending/borrowing is always needed to backfill the balance of trade losses, drug money losses, and remittance losses. Every administration faces those losses.

Ah yes, trickle down which has led to every recession since 1987.

 

[Woodznutz]

Ah yes, trickle down which has led to every recession since 1987.

All economic plans are 'trickle down' even if not so named. Actually, that's the only way it works. If the middle and lower class were infused with capital it would quickly 'trickle up' to the wealthy.

 

[Moonglow]

All economic plans are 'trickle down' even if not so named. Actually, that's the only way it works. If the middle and lower class were infused with capital it would quickly 'trickle up' to the wealthy.

Learn more…Opens in new tab

In 2020, the poverty rate in the United States decreased due to government assistance and tax policies, which helped prevent a near-record increase in poverty. The poverty rate was 11.4% using the official poverty measure, but 9.1% using the Supplemental Poverty Measure (SPM). This was the first time the SPM rate was lower than the official poverty rate.


Here are some other details about poverty in 2020:

• Government assistance
  Social Security, unemployment insurance, and stimulus payments helped move millions of people out of poverty.
  
  
  
• Poverty rate by race
  The poverty rate for non-Hispanic Whites was 8.2%, for Hispanics it was 17.0%, and for Blacks it was 19.5%.
  
  
  
• Poverty rate by age
  The poverty rate for people under 18 was 16.1%, for people aged 18 to 64 it was 10.4%, and for people aged 65 and older it was 9.0%.
  
  
  
• Poverty rate by occupation
  The poverty rate was lowest for people in management, professional, and related occupations, and highest for people in service occupations.

 

[otto105]

Kamala's plan is to give a $50,000 tax credit to new business startups.

100,000 startups per year X $50,000 X 4 years = $2Billion
Success rate of 10 percent = 90 percent failure.
90 percent of $2Billion = $1,800,000.000 added to national debt.

*100,000 startups per year may be a low figure, based on the incentive.

Fat Elvis’ plan would add 8x that.

Her plan is aimed at the middle class while Fat Elvis’ is aimed at himself.

 

[Foxfyre]

Kamala's plan is to give a $50,000 tax credit to new business startups.

100,000 startups per year X $50,000 X 4 years = $2Billion
Success rate of 10 percent = 90 percent failure.
90 percent of $2Billion = $1,800,000.000 added to national debt.

*100,000 startups per year may be a low figure, based on the incentive.

Do you mean $2trillion instead of $2billion? Otherwise your math doesn't work.

But yes, Kamala is just throwing wild stuff in the air to trick people into voting for her. These proposals don't have a prayer of becoming reality unless she has a Democrat House and Senate or unless she illegally takes the money from other departments and I'm pretty sure, like Biden, if she thinks she could get away with that she would do that.

But all the new taxes she wants--allowing the Trump tax reforms to expire next year plus taxing unrealized capital gains are perhaps the worst of all of them--will cost Americans trillions along with a lot of other uglies that come with really REALLY bad economic policies.

 

[Woodznutz]

Fat Elvis’ plan would add 8x that.

Her plan is aimed at the middle class while Fat Elvis’ is aimed at himself.

I dunno. I'm still enjoying Trump's tax cut.

 

[JLW]

Another failed thread from Trumpers.

If Trump wins his plan will add 5.8 trillion dollars to the debt. Kamala’s plan is more fiscally sound not to mention her plan will actually add jobs and increase productivity.

https://www.axios.com/2024/08/28/trump-harris-national-debt-election

 

[otto105]

I dunno. I'm still enjoying Trump's tax cut.

Hilarious

Yea, the $16 a month until you file your taxes.