Tax cuts coming!!

For all the MAGAt Trumpeteers and Lie-brul socialists to post their wearisome screeds.
The board admins are not responsible for any items posted from Biker's FaceBook feed.
Anyone posting Ben Garrison political cartoons gets a three-day vacation.

In memory of our lost political forum members. :cry:

Moderator: Biker

Post Reply
User avatar
Biker
Official UJR Russian Asset
Posts: 13996
Joined: Sun Jan 06, 2019 7:22 pm

Tax cuts coming!!

#1

Post by Biker »

:D

I hope will be at least a little grateful
Under the CRFB study, expanding the State and Local Tax deduction (SALT) would cost from $200 billion to $1.2 trillion.

- Eliminating taxes on tips, which Trump campaigned heavily on enacting, would result in a $100 billion to $550 billion reduction in federal tax revenue, according to the study;
- Exempting overtime pay from federal taxes would cost $250 billion up to $3.0 trillion;
- Exempting Social Security benefits from federal taxes would cost between $550 billion and $1.5 trillion;
- Lowering taxes for U.S. production of certain goods would cost between $100 billion and $200 billion;
- Reducing tax benefits for stadium owners and ending the carried interest loophole would save about $100 billion, according to the group.
User avatar
CHEEZY17
Libertarian house cat
Posts: 16441
Joined: Mon Jan 07, 2019 8:25 pm

Re: Tax cuts coming!!

#2

Post by CHEEZY17 »

Wait a second here: I've been told for years that Trump only cares about billionaires. That list seems mostly geared towards the middle class and regular folks. Gotta be a mistake, right?
"When governments fear the people, there is liberty. When the people fear the government, there is tyranny."
User avatar
Reservoir Dog
Ricky
Posts: 14337
Joined: Mon Jan 07, 2019 4:32 pm
Location: Kicking and a' gouging in the mud and the blood and the beer.

Re: Tax cuts coming!!

#3

Post by Reservoir Dog »

Exploding the National Debt is nothing new to Republicans. It's kind of their go-to thing. It's all just pretend money, right?
User avatar
CHEEZY17
Libertarian house cat
Posts: 16441
Joined: Mon Jan 07, 2019 8:25 pm

Re: Tax cuts coming!!

#4

Post by CHEEZY17 »

Reservoir Dog wrote: Tue Feb 11, 2025 6:55 pm Exploding the National Debt is nothing new to Republicans. It's kind of their go-to thing. It's all just pretend money, right?
Well, depending on the source and their timeline, DOGE has already identified over a billion in savings. That number is growing by the day though.
"When governments fear the people, there is liberty. When the people fear the government, there is tyranny."
User avatar
Animal
The Great Pretender
Posts: 29284
Joined: Mon Jan 21, 2019 11:18 pm

Re: Tax cuts coming!!

#5

Post by Animal »

Reservoir Dog wrote: Tue Feb 11, 2025 6:55 pm Exploding the National Debt is nothing new to Republicans. It's kind of their go-to thing. It's all just pretend money, right?
is that anything like when Biden passed that $2 trillion covid relief bill after covid was coming to an end?
User avatar
CHEEZY17
Libertarian house cat
Posts: 16441
Joined: Mon Jan 07, 2019 8:25 pm

Re: Tax cuts coming!!

#6

Post by CHEEZY17 »

Animal wrote: Tue Feb 11, 2025 8:57 pm
Reservoir Dog wrote: Tue Feb 11, 2025 6:55 pm Exploding the National Debt is nothing new to Republicans. It's kind of their go-to thing. It's all just pretend money, right?
is that anything like when Biden passed that $2 trillion covid relief bill after covid was coming to an end?
That his own advisors warned him would exacerbate inflation.
"When governments fear the people, there is liberty. When the people fear the government, there is tyranny."
User avatar
Reservoir Dog
Ricky
Posts: 14337
Joined: Mon Jan 07, 2019 4:32 pm
Location: Kicking and a' gouging in the mud and the blood and the beer.

Re: Tax cuts coming!!

#7

Post by Reservoir Dog »

Animal wrote: Tue Feb 11, 2025 8:57 pm is that anything like when Biden passed that $2 trillion covid relief bill after covid was coming to an end?
CHEEZY17 wrote: Wed Feb 12, 2025 12:53 am That his own advisors warned him would exacerbate inflation.
And the $11 Trillion this new Trump tax plan would add to it - on top of the $8 Trillion Trump's last tax plan already added to it?
That's $19 Trillion!

GO MAGA !!!!
User avatar
Animal
The Great Pretender
Posts: 29284
Joined: Mon Jan 21, 2019 11:18 pm

Re: Tax cuts coming!!

#8

Post by Animal »

Reservoir Dog wrote: Wed Feb 12, 2025 2:54 am
Animal wrote: Tue Feb 11, 2025 8:57 pm is that anything like when Biden passed that $2 trillion covid relief bill after covid was coming to an end?
CHEEZY17 wrote: Wed Feb 12, 2025 12:53 am That his own advisors warned him would exacerbate inflation.
And the $11 Trillion this new Trump tax plan would add to it - on top of the $8 Trillion Trump's last tax plan already added to it?
That's $19 Trillion!

GO MAGA !!!!
so I guess you were okay with Biden handing out $2 trillion in unnecessary gifts to his voters disguised as Covid Relief?

I can tell you that I would not be okay with Trump adding any trillions to the debt. So if any of his tax plans do that, without offsetting spending to a greater extent or increasing tax revenue to offset, then put me down as being opposed to them.
Post Reply