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So you want to bankrupt the country? These tax cuts are not paid for! Taxes will have to go up and since the tax cuts for the rich are permanent, that means the middle class will see big cuts in benefits and higher taxes. Military wont be slashed either.
Tax cuts don't have to be "paid for!"
There are no "permanent" tax cuts for the "rich." In fact, there are few tax cuts that benefit the "rich" in this plan, which is one of the criticisms Rush Limbaugh had. There is a corporate tax cut, and that will make us more competitive, bringing some jobs back and keeping other jobs from leaving the country. We had the highest corporate tax in the world.
If the top 10% pay 70% of all taxes, why shouldn't they get a cut?
Because the Congress also increased spending, and Reagan signed the bill.
Trump has actually decreased the spending, and the Democrats caught wind of Trump baiting them into a government shutdown(only 17%), to use it to permanently cut the size and cost of government more. Democrats backed down on DACA, for the government to keep 17% of its size.
Too funny, the dumbass Democrats were fixing to walk right into that trap.
Democrats have NO political capital to use.... NONE. They had to take out a loan on Russian Collusion.
Funny, I don't recall you asking the same thing all through Obama's term when everything was going UP under him.
Why the concern NOW?
"These tax cuts are not paid for!"
The same old ignorant claim and "the world will end" hysteria.
The W. Bush tax cuts INCREASED revenues to the fed and set historical RECORDS of money taken in.
The deficit AND debt were going DOWN until the dems took control of the house and the housing bubble popped which Bush TRIED to get the dems to do something abut it and ole barney fife, (frank) REFUSED to do anything and claimed everything is OK."
" Military wont be slashed either"
Your showing ignorance again.
Defense IS in the Constitution.
Many things the gov't spends money on, is NOT.
The military HAS been slashed under Obama.
Just as carter did and Reagan had to rebuild.
Clinton" slashed' and W. Bush had to rebuild.
Obama" slashed and Trump will rebuild.
Do you see a pattern here?
Spot on. But they just parrot the liberal talking points they are given. Probably only watches CNN and MSNBC, takes it all in and regurgitates it.
"for authorizing spending which will add $10 trillion to the debt?"
What are you going to say when that does NOT happen?
Keep in mind the left said the SAME thing for the W. Bush tax cuts and the debt went DOWN after it took affect.
Gov't revenues INCREASED to HISTORICAL RECORDS.
You are the most impressive dispenser of misinformation on city data.
Keep in mind that tax cuts to be effective must spur economic growth. Here is a web site which shows that your command of the facts are severely lacking: https://www.cbpp.org/research/federa...-bush-tax-cuts
Here is a quote from the web site above which directly contradicts your "facts".
How Did They Affect Economic Growth?
Policymakers enacted the 2001 and 2003 tax cuts with the promise that they would “pay for themselves” by delivering increased economic growth, which would generate higher tax revenues.[11] But even President Bush’s Treasury Department estimated that under the most optimistic scenario, the tax cuts would at best pay for less than 10 percent of their long-term cost with increased growth.[12] Evidence suggests that the tax cuts — particularly those for high-income households — did not improve economic growth or pay for themselves, but instead ballooned deficits and debt and contributed to a rise in income inequality.[13] In fact, the economic expansion that lasted from 2001 to 2007 was weaker than average. A review of economic evidence on the tax cuts by Brookings Institution economist William Gale and Dartmouth professor Andrew Samwick, former chief economist on George W. Bush’s Council of Economic Advisers, found that “a cursory look at growth between 2001 and 2007 (before the onset of the Great Recession) suggests that overall growth rate was … mediocre” and that “there is, in short, no first-order evidence in the aggregate data that these tax cuts generated growth.”[14]
But why accept an end date for individuals and not for corporations?
If corporations don't expand, don't raise wages why should they continue to receive incentives to do so.
I get it -- Trump fans want some kind of a win -- but at what price.
The deficit was a sore spot for 8 years and now it means nothing.
It's like people are willing to settle for garbage as long as it is their party selling it.
We've been winning. Markets have been up and breaking record since Trump was elected. Economy is booming and jobless rates are way down. Things that should be up are going up, and things that should be down are going down. The future no longer looks bleak, as it did under the Obama Administration. And Hillary would have been a continuation of the stagnation that Obama created.
As for the deficit, it's going down, as Trump promised, and so is the national debt.
Trump has actually decreased the spending, and the Democrats caught wind of Trump baiting them into a government shutdown(only 17%), to use it to permanently cut the size and cost of government more
No, he has not. He burned $4.1 trillion, which is well above the average from the past years.
Mortgage applications dropped due to seasonal demand and the refinancing of higher interest loans has bottomed out. Almost every loan that could be refi'd to lower rates have been done and that has been a huge volume the last 5 years.
The Mortgage tax deduction is not a consideration for the average Buyer. It is nothing but a nice Perk.
"Your" national association begs to differ. I will take their assessment over that of a Trump apologist:
“On behalf of the 1.3 million members of the National Association of Realtors, I want to express the Association’s strong opposition to H.R. 1, The Tax Cuts and Jobs Act as currently drafted,” NAR President Elizabeth Mendenhall wrote in a letter to Congress. “NAR supports tax reform’s goal to spur greater economic growth, but Realtors believe this bill would push the housing sector, which represents a sixth of the economy, in the opposite direction.”
I'm actually at a loss. Why are Republicans adding to our deficit. Why are they giving the rich more tax breaks.
You're watching too much CNN and MSNBC.
The "rich" aren't actually getting much.
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Tax cuts don't have to be "paid for!"
