no tax increases wrote:
Ciro wrote:
Regardless of political persuasion surely we can all agree that ththe deficit is out of contro and completely unsustainable.
It now exceeds $22 trillion for the first time ever and jumped more than $30 billion this month alone.
The most ignorant repuke move was the tax "cut." They know is was a disaster. They rammed it through to force dems to increase taxes to fix the problem they created. The repukes know their base is too ignorant to understand the political game that they are playing. the repuke base will scream when tax are raised on the "rich." In fact, they already screaming that dems are the tax and spend party. The repuke base could care less that their party is the cut taxes and spend-like-there-is-no-tomorrow party.
The major problem with the GOP tax cuts is they NEVER “get to govt spending cuts” that they promise.
How dumb are people? Why do they forget so quickly? The modern GOP is NOT fiscally conservative. They have cut taxes before—several times in most of our lifetimes—and they NEVER get to cutting spending.
I suppose a tax cut would be fine IF they passed legislation slashing government spending FIRST. In other words, cut spending by X amount so they know how much less revenue they’l be taking in and then give X amount back to tax payers. But that’s not what happens. We’ve seen this playbook before—recently.
The GOP controlled both houses of Congress AND had a GOP POTUS for 6 of the 8 Bush II years—this was not that long ago, the early 2000s. They passed a massive tax cut. What else did they do? Well they 1) said the tax cuts would “pay for themselves by driving economic growth 2) they simultaneously MASSIVELY INCREASED government spending!
What happened? We had a short term boom followed by a MASSIVE economic collapse AND a MASSIVE increase in the national debt. But since the economic collapse happened several years later dumb people with short attention spans that are obsessed with tax cuts who think that the minute tax legislation is passed the full effect of said tax legislation is felt—are and where mentally unable to connect the collapse to the very bad tax & spend policies of the GOP.
So, what is happening now? 1) the GOP is saying the same thing about “tax cuts paying for themselves” by driving economic growth 2) CEOs are smart and know that if they throw peons short term benefits (like a one time bonus rather than a permanent increase in worker salaries...which are peanuts to the CEOs and which do nothing to address the real issue of wage stagnation) that they can connect that to the tax cuts and say “see trickle down works! What’s good for corporations is good for individuals”...meanwhile those same corporations pocket > 90% of the benefit from the cut 3) the GOP proposes MASSIVE increases in defense spending, infrastructure spending, and spending for a border wall with no plan to pay for any of it.
These tax cuts will have the same effect as prior cuts—a huge increase in the national debt and an eventual economic collapse that disproportionately effects individuals (who, yeah, got a short term increase in $) while corporations make out like bandits (their cuts are permanent). Plus, all the benefits (short term) will be attributed to the current admin, while the long term effects will be blamed on whomever is in office when the $hit hits the fan in several years.
Why do you tax obsess Morans not understand that at this point the ONLY rational approach is an INCREASE in taxes coupled with a DECREASE in spending. We owe too much already to get tax cuts. Tax cuts are a bad idea, fiscally irresponsible, and morally reprehensible.
