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Our weapons and cash are making sure hundreds of thousands of Ukrainians die a terrible death and millions are permanently relocated outside of Ukraine.
It's a POLICY DISASTER on nearly every measure. We're throwing up to $200 billion to a Totally Corrupt regime, while our cities/people could definitely use a nice infusion of cash. That $200 billion is being used to kill Lots and Lots of Human Beings, while we're running a $1.7 TRILLION deficit this year.
putting on my liberal cap, i would say because they want military spending to go down significantly so that communist China can be the dominant force in their lives. then, and only then, will their lives be completely perfect
But communist China is killing Mother Earth with a huge carbon footprint...burning tons of coal...& worse.
How can Newsom & the Dems idolize a communist regime that is the #1 cause of global warming/climate change?
Dems can't process how the overspending negatively impacts us all...inflation, recession, $750B/yr on wasted interest, high interest rates..ect..
They don't think it through enough to see why free stuff is vote buying, that harms us all.
The welfare state failed decades ago, but Dems still push it under the guise of "compassion".
I was going to say - It is totally disingenuous to try to blame Democrats with a misleading thread title when it was Trump and the republicans who just got through increasing the National Debt by 25% in four years.
Nope. That was Pelosi and the Democrat House. The House has the 'Power of the Purse.'
Why can't Republicans reverse the Trump tax cuts to lower the surging debt?
If you want that, fine. Just be aware that if the Trump tax cuts are repealed, it's the middle class and below who will experience the LARGEST tax increases:
Trump's tax cuts went mostly to the middle class and below.
Very easy to see WHO got the biggest tax cuts. It WASN'T those in the higher tax brackets.
More: IRS data proves Trump tax cuts benefited middle, working-class Americans most
Quote:
A careful analysis of the IRS tax data, one that includes the effects of tax credits and other reforms to the tax code, shows that filers with an adjusted gross income (AGI) of $15,000 to $50,000 enjoyed an average tax cut of 16 percent to 26 percent in 2018, the first year Republicans’ Tax Cuts and Jobs Act went into effect and the most recent year for which data is available.
Filers who earned $50,000 to $100,000 received a tax break of about 15 percent to 17 percent, and those earning $100,000 to $500,000 in adjusted gross income saw their personal income taxes cut by around 11 percent to 13 percent.
By comparison, no income group with an AGI of at least $500,000 received an average tax cut exceeding 9 percent, and the average tax cut for brackets starting at $1 million was less than 6 percent. (For more detailed data, see my table published here.)
That means most middle-income and working-class earners enjoyed a tax cut that was at least double the size of tax cuts received by households earning $1 million or more.
What’s more, IRS data shows earners in higher income brackets contributed a bigger slice of the total income tax revenue pie following the passage of the tax reform law than they had in the previous year.
In fact, every income bracket with filers earning $200,000 or more increased its tax burden in 2018 compared to 2017, and every income bracket with a top limit lower than $200,000 paid a smaller proportion of the total personal tax revenue collected."
No longer politically-viable, proposed spending-cuts of just about any type are instantly used
as an attack-mechanism, usually by Democrats and liberal interest-groups.
The Republican Warhawks will get very screeechy when any cuts to their beloved
Military/MIC is even suggested.
Fiat-currency is a debt-based instrument anyways, designed to be spent,
many times in a very reckless manner.
No longer politically-viable, proposed spending-cuts of just about any type are instantly used
as an attack-mechanism, usually by Democrats and liberal interest-groups.
The Republican Warhawks will get very screeechy when any cuts to their beloved
Military/MIC is even suggested.
This trope has been turned on it's head recently as it's the Democrats who mostly insist on keeping on flooding the Ukraine with taxpayer $$$ and US weapons.
Chop a couple of grand from each middle class home's budget and see what that doe⁸s to the economy. That's about what my cut was and we're firmly in the middle class.
We are the ones in large numbers buying cars and furniture and homes and donating to charities and eating out.
If you want that, fine. Just be aware that if the Trump tax cuts are repealed, it's the middle class and below who will experience the LARGEST tax increases:
Trump's tax cuts went mostly to the middle class and below.
Go ahead. Let them expire. That'll shift more of the tax burden to those in 3 of the bottom 4 tax brackets. They need to pay their fair share.
The Trump era tax cuts you're referring to, those which impact individual taxpayers, are going to expire in 2025 regardless.
Okay, now all we have left to do is to raise taxes on corporations to before the Trump era tax cuts. Those corporate tax cuts are NOT going to expire. Then, simultaneously cut spending. I'm sure you agree that's a reasonable compromise.
Heck, if we're super worried about people all of a sudden, let's make the individual tax cuts permanent and set the corporate rates back to what they were before this change.
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