Zone1 The Number One Driver Of The Debt Is The Bush, And Trump Tax Cuts ForThe Rich

[Dadoalex]

I'll try and get some expert advice here.

Mindless rants help?

Try some.
Maye the next one will change things.

 

[Oddball]

I addressed the issue.

No you didn't....You dismissed any discussion of curtailing spending, which doesn't address the real problem in any way.

 

[Billo_Really]

If not for the Bush tax cuts and their extensions—as well as the Trump tax cuts—revenues would be on track to keep pace with spending indefinitely, and the debt ratio... would be declining," a new
@amprog.
report finds.

View attachment 791017

That is absolutely true!

 

[pknopp]

No you didn't....You dismissed any discussion of curtailing spending,

Lie.

 

[jc456]

Learn how to play tax avoision and come out smelling like a rose.

ask Hunter, he didn't pay 2 million in taxes.

 

[jc456]

If all taxes were cut we would go deeply in debt.

cut taxes increase revenue, happens every time.

 

[AMart]

Spend less problem solved. Instead government printed 8 Trillion and sent us $1,400 for Covid stimulus lol.

 

[jc456]

We are already deeply in debt.

The key to reducing debt is to reducing expenditures.

Not "raising taxes".

raising taxes kills business, like shut downs do.

 

[Captain Caveman]

Governments use fiscal and monetary policies to stimulate the economy, for growth etc..

If the Trump tax cuts are so horrendous, then I'm sure the Biden administration reversed them.

 

[jc456]

Governments use fiscal and monetary policies to stimulate the economy, for growth etc..

If the Trump tax cuts are so horrendous, then I'm sure the Biden administration reversed them.

oh fk no, not yet!!!!! those evil things that don't do what they say, yet don't adjust them. too fking funny. It remains amazing to me how the demfks in here have no logic finder.

 

[Hector12]

The problem really began with Ronald Blithering Reagan. Reagan was so stupid that he believed that it was possible to cut taxes - mainly for the rich - raise military spending, and balance the budget without cutting popular domestic spending programs.

David Stockman, who was Reagan's Director of the Office of Management and Budget from 1981 to 1985, knew it was not possible. However, he thought it was possible to make deep cuts in Social Security and Medicare. When he learned that that was not possible, because most Republicans depended on those programs or knew they would, he resigned.

 

[Cellblock2429]

If not for the Bush tax cuts and their extensions—as well as the Trump tax cuts—revenues would be on track to keep pace with spending indefinitely, and the debt ratio... would be declining," a new
@amprog.
report finds.

View attachment 791017

/----/ Cut spending. Problem solved. Did you send your tax cut back to the Treasury Department like a good little liberal?

 

[C_Clayton_Jones]

“The Number One Driver Of The Debt Is The Bush, And Trump Tax Cuts ForThe Rich”

True.

And given the opportunity Republicans would enact more reckless, irresponsible tax cuts for the rich resulting in more debt and deficit.

 

[Polishprince]

“The Number One Driver Of The Debt Is The Bush, And Trump Tax Cuts ForThe Rich”

True.

And given the opportunity Republicans would enact more reckless, irresponsible tax cuts for the rich resulting in more debt and deficit.

If that's "true" why didn't Sleepy Joe or B. Hussein O ever roll back the Bush and Trump tax cuts?

Biden had majorities in 2021-22, and could have done virtually anything. Ditto with Obama in 09-10. Instead Obama wasted his political capital on his Obamacare Atrocity.

 

[jc456]

The problem really began with Ronald Blithering Reagan. Reagan was so stupid that he believed that it was possible to cut taxes - mainly for the rich - raise military spending, and balance the budget without cutting popular domestic spending programs.

David Stockman, who was Reagan's Director of the Office of Management and Budget from 1981 to 1985, knew it was not possible. However, he thought it was possible to make deep cuts in Social Security and Medicare. When he learned that that was not possible, because most Republicans depended on those programs or knew they would, he resigned.

Don’t you fks have another play other than tax cut the rich? That’s not fact, because we have a graduated tax system. You stupid fkers

 

[jc456]

“The Number One Driver Of The Debt Is The Bush, And Trump Tax Cuts ForThe Rich”

True.

And given the opportunity Republicans would enact more reckless, irresponsible tax cuts for the rich resulting in more debt and deficit.

You know that’s false. We have a graduated tax system dummass

Tell us which tax brackets were cut?

IRS data proves Trump tax cuts benefited middle, working-class Americans most

Republicans’ 2017 tax reform law did exactly what was promised: It lowered taxes for all income groups.

thehill.com

Income data published by the IRS clearly show that on average all income brackets benefited substantially from the Republicans’ tax reform law, with the biggest beneficiaries being working and middle-income filers, not the top 1 percent, as so many Democrats have argued

 

[Hector12]

Don’t you fks have another play other than tax cut the rich? That’s not fact, because we have a graduated tax system. You stupid fkers

When the Second World War ended in 1945 the national debt as a percentage of gross domestic product (GDP) was 114%. During this time the top marginal tax rate never got below 70% and was often much higher.

US National Debt by Year

The U.S. national debt was over $31 trillion in 2022. In 1930, it was just $16 billion. The biggest impacts have been defense spending, recessions, and recently, the pandemic.

www.thebalancemoney.com

https://www.irs.gov/pub/irs-soi/02inpetr.pdf

The national debt as a percentage of GDP declined every year, even during the wars in Korea and Vietnam. During President Carter's last full year in office it had declined to 32%.

Because of Republican tax cuts for the rich the national debt as a percentage of GDP grew to 129% during Trump's last full year in office. After two years in office it declined to 123% under President Biden.

For years public opinion surveys have indicated popular support for higher taxes for rich people and corporations.

poll + taxes + rich - Google Search ' '

On the other hand there is little support for cutting domestic spending programs, and some support for spending more on them.

Most oppose Social Security, Medicare cuts: AP-NORC poll

Americans are deeply opposed to cutting into Medicare or Social Security benefits, and most support raising taxes on the nation’s highest earners to keep Medicare running as is. The new findings, revealed in a March poll by The Associated Press-NORC Center for Public Affairs Research, come as...

apnews.com

 

[Cellblock2429]

When the Second World War ended in 1945 the national debt as a percentage of gross domestic product (GDP) was 114%. During this time the top marginal tax rate never got below 70% and was often much higher.

US National Debt by Year

The U.S. national debt was over $31 trillion in 2022. In 1930, it was just $16 billion. The biggest impacts have been defense spending, recessions, and recently, the pandemic.

www.thebalancemoney.com

https://www.irs.gov/pub/irs-soi/02inpetr.pdf

The national debt as a percentage of GDP declined every year, even during the wars in Korea and Vietnam. During President Carter's last full year in office it had declined to 32%.

Because of Republican tax cuts for the rich the national debt as a percentage of GDP grew to 129% during Trump's last full year in office. After two years in office it declined to 123% under President Biden.

For years public opinion surveys have indicated popular support for higher taxes for rich people and corporations.

poll + taxes + rich - Google Search ' '

On the other hand there is little support for cutting domestic spending programs, and some support for spending more on them.

Most oppose Social Security, Medicare cuts: AP-NORC poll

Americans are deeply opposed to cutting into Medicare or Social Security benefits, and most support raising taxes on the nation’s highest earners to keep Medicare running as is. The new findings, revealed in a March poll by The Associated Press-NORC Center for Public Affairs Research, come as...

apnews.com

/——-/ Because democRATs spending like drunken sailors had nothing to do with the debt. Zero. Nada.

 

[Hector12]

/——-/ Because democRATs spending like drunken sailors had nothing to do with the debt. Zero. Nada.

Democrat spending programs are popular with the voters. So are tax increases for the rich.

 

[Cellblock2429]

Democrat spending programs are popular with the voters. So are tax increases for the rich.

/——-/ Stealing is very popular with the democRAT base.