Rep.Kevin Brady finally admits tax cuts not paying for themselves!

Did you ever ask yourself the question why the GOP never cuts spending FIRST and THEN cuts taxes? That would be the fiscally responsible thing to do. Of course, there is a reason why the tax cutting always comes FIRST, and the spending cutting NEVER follows. And it has nothing to do with the Dems. Can you give me YOUR explanation?

 

I am not responsible for what the GOP does. Government, republican and democrat just can't resist spending our money.

 

Great post. Due to short memories and instant gratification, we repeat the same failed tax cutting policies from the Reagan and GWB eras, with predictably the same outcome, i.e. a huge debt bubble that eventually bursts and leads to a major recession. Of course, when that recession hits, the Reagan/GWB/Trump voters will pretend it wasn't their fault and blame the Dems for it. Rinse and repeat.

 

You vote for them.

But, can you answer my question from the last post? The GOP had ALL branches of government for two years. Why did they not cut spending?

 

We would never face any army on earth toe to toe.

 

You didn’t read your link apparently. It shows revenue didn’t go up from taxes, lol.

 

I’ve read it. It does not fund abortions.

 

This is called voting against your own best interest.......You and millions more will be in the history books for mindless destruction of the country.

 

Tell that to the Chinese.

I did not vote for Trump. What is your excuse?

 

Republican incompetence is expensive to fix.

 

If you put a zygote into a petri dish a human will not form either. Look - you are trying to debate a very complex issue by making stuff up.

If you want to refute the metabolic perspective - one of the 5 main scientific perspectives on when human life begins - you should at least know what this perspective states.

The fact of the matter is that there are 5 main scientific perspectives on "when human life begins" - Metabolic, Genetic, Embryological, Neurological, Ecological. The fact of the matter is that "experts disagree".

1) stop using technically incorrect language - Obviously Life exists prior to the zygote - animate does not come from inanimate. The term you are looking for is "human life". Regardless - the metabolic perspective argues that human life exists prior to the zygote as well.

2) then you have the problems inherent in the Potential argument = even if you were to be able to prove your claim of some "beginning" - this does not mean a human exists.

3) You are moving the goal posts. You are supposed to be arguing that "Potential" has value and you have switched to arguing "when human life begins" - which is a different argument.

Obviously the sperm has the potential to go on to become a human - which is the whole point of a sperm bank.

 

Ok

 

Bailing out your party donors isn't the GOP's fault

 

Yeah right, like the military budget isn't mandatory spending.

 

The only way that you can make this statement is to make the assumption that all other factors would have remained equal. Everyone knows that growth rate is impacted by tax policy, thus all other factors are most decidedly NOT equal.

 

Nope.

Who pays Trump's tariffs, China or U.S. customers and companies?
https://www.reuters.com/article/us-...-or-u-s-customers-and-companies-idUSKCN1SR1UI

 

Your whole post is bogus.

First, you make the false claim that Kevin said the tax cuts "are not paying for themselves" which is not what he said.

https://www.newsweek.com/tax-cuts-m...t-says-gop-rep-who-helped-author-bill-1443484

Second, the Federal government received record tax revenues for 2019. A win.

https://www.thebalance.com/current-u-s-federal-government-tax-revenue-3305762

Third, all working Americans are able to keep more of their own money. Another win.

So, the tax cuts are working and are a huge success.

Why would you purposely misrepresent the facts?

 

Obama did not add 10 Trillion to the debt. It was 12 Trillion when he started his first fiscal year 20 Trillion at the end of his last fiscal year = 8 Trillion dollars. Someone has been lying to you

The next problem is that Obama was handed a deficit of 1.4 Trillion and an economy that had "Crashed". The idea that he would reduce this to zero in the first fiscal year is preposterous idiocy - basically blaming the dude for the mess left by his predecessor.

This does not absolve Obama for his fiscal moves later in his tenure - but it is absurd nonsense to blame him for the first few. This is like the Captain of a ship leaving while the ship is on fire - throwing gasoline on the fire prior to leaving - and blaming the fellow who comes along and tries to put that fire out by using too much water.

 

The issue of spending is all spending. Regardless - Red has not done anything substantive to reduce spending. Trump had both houses and what happened ? - he increased spending - not only the increase in revenue was spent - he increased the deficit on top of that.

Red has done nothing substantive to reduce healthcare spending - 3.5 Trillion in 2017 - roughly double what other first world nations pay. Red Establishment has not suggested universal healthcare - they are the ones fighting it - fighting to spend more to pad the pockets of the international financiers who own the insurance and healthcare oligopolies.

The other big ticket item is Military - I hope you are not going to try and claim that Red did something to cut Military spending as those would be the pinnacle of preposterous nonsense.

Trump - and the previous Red administrations have been princesses with credit cards.

 

Oh sorry...only 8 trillion

Obama was handed the deficit..he voted for it, he was a Senator, his party gave it to him, his party controlled Congress.

 

Causing the recession was. GOP incompetence is expensive.

 

Absolutely.

Why is it that the GOP always cuts taxes, but only wants to cut spending when the Dems are in power? Because they know (but fail to tell their voters) that a tax cut that would be deficit neutral through a concomitant spending cut would provide only a very minor stimulus to the economy. Thus, their economic shell game, tricking the voters through short-lived prosperity bought on the national credit card would not work.

In addition, they also know if they could force spending cuts when the Dems are in power (see for example the sequester), they can hurt the economy through a dis-stimulus, thus undermining the Dem agenda and scaring off the Dem voters.

Since the voters have very short memories, they fall for this game over and over again. If the GOP was honest, they would tell voters that their tax cuts are really tax deferments into the future, paid for by future generations either through higher taxes or lower government benefits or both. It is quite nefarious, but panders well to the "I want it all now, who cares for the future" crowd.

 

Indeed.

"Despite the assurances of Republican legislators, the first year of the tax cuts did not appear to yield its promised returns. The Congressional Budget Office reported that for the period covering 2018, when the tax cuts went into effect, revenues fell by $83 billion after adjusting for inflation."
https://www.newsweek.com/tax-cuts-m...t-says-gop-rep-who-helped-author-bill-1443484

 

If you go back and check tax revenue, you will find that they went up at the same rate before the tax cuts. Therefore, the revenues went down every year when accounting for inflation.

Conclusion. The tax cut neither helped or hurt the government. However, it did help my pocketbook.

 

Nope.

"The Tax Cuts and Jobs Act cut taxes substantially from 2018 through 2025. The resulting deficits will add $1 to $2 trillion to the federal debt, according to official estimates. The debt increase will be larger if some of TCJA’s temporary tax cuts are extended."
https://www.taxpolicycenter.org/briefing-book/how-did-tcja-affect-federal-budget-outlook