The White House eyes another tax cut

No prob, lets cut democrat pet social programs as a start.

 

Here's the discretionary spending for 2019, Trump's budget. Where do you propose we cut? federal budget pie chart 2019

 

Cut SNAP asap.

Snip snap if you will.

60+ Billion right there.

 

The typical GOP playbook. Cut taxes for the rich, balance budget on the backs of the ones who can least afford it. Very unsurprising.

BTW: cutting SNAP is only 1/3 of balancing the proposed 10 year $1.5 trillion cost for the tax cuts. Where will the rest come from?

 

SNAP has been a proven failure per US studies.

Head start too.

 

Although I have no objections to targeted, specific tax cuts if someone can make a good argument for them, I don't think further cross the board tax cuts are worth the political effort needed to pursue them. This seems like a waste of time considering this wasn't the agenda I voted for.

 

I don't see how we avoid a FICA tax increase. Social Security can't make it's obligations starting in 2035 and Medicare can't even earlier. The quicker we start increasing FICA the smaller the increase we can get away with.

As far as a capital gains increase, I would just like to see Trump fulfill his campaign promise to eliminate the carried interest loophole.

 

And yet Obama increased taxes and the national debt grew.

Taxes are not the problem with this nation. We have a spending problem and the one thing Trump promised, was to reduce the size of the federal government to which he hasn't.

If you reduce taxes, you also must reduce the government.

 

Embrace Fiscal Responsibility, Not Tax Cuts, in 2020

 

Trump will do anything to get the impeachment inquiry off the front pages.

Ironically, he won't stop talking about it. Today, he intimidated a witness while she was in the hearing room of the House of Representatives.

Really, how stupid can you be?

 

Increases disposable income by reducing tax liabilities. Stating that someone is being "bought" by keeping more of their own money is very suspect phrasing.

 

The deficit is only 4.5% of nominal GDP. It'll be okay.

 

Quote: Except, the "cut spending" part never happens

Agree....

Oct 2018 Receipts; $252.69 billion
Oct 2019 Receipts; $245.52 billion
Down $7 billion

Oct 2018 Outlays; $353.18 billion
Oct 2019 Outlays; $379.98 billion
Up $27 billion

RESULTS

Oct 2018 Deficit; $100 billion
Oct 2019 Deficit; $134 billion
Up 34%

https://www.fiscal.treasury.gov/files/reports-statements/mts/mts1019.pdf

 

For your info, millions have donated their tax cuts.....I did!

2017 Charitable donations; $8,000
2018 Charitable donations; $12,000 (Food Banks/Big Brothers Big Sisters)

Trump's tax cuts; $4,100

Top 5%; Number of Returns; 7.5 million

7.5 million X minimum $4,100 = $30.7 billion

Free college?.....NOPE!

Infrastructure spending.....TAKE IT!