We’ve heard all about the tax cuts and job creation but I’m not sure how cutting taxes on Richie Rich is going to spur him to create any jobs. And if a tax cut is given to corporations, any corporations that does stock buybacks within 5 years should be taxed at the old rate retroactively. Since the big beautiful bill (the dumbest name for any bill in history) companies did over $1 trillion in stock buybacks. That creates zero jobs.
More profits means that can hire more people. The more money he has to spend, the other companies can hire. It’s not rocket science. It’s fueled our growth since Reagan implemented the policy. You’ll not Clinton, Obama and Biden didn’t change it because it works
Which probably had 10x the effect as raising taxes. We long ago passed the threshold for resolving our budgetary (using the word loosely). There is simply not enough money available via tax increases to bridge the deficit, much less reduce debt. To attempt to do it solely via taxation would crush the economy and likely increase the deficit.
Here is a very interesting column (just close the popup from the bottom):
I think that describes the overwhelming majority of voters today.
I think that has a lot to do with the broad spectrum of political positions the candidates must claim in order to garner the votes to have a chance of winning. It’s hard to go along with all of them for any one candidate.
Of course what most politicians are really doing is appeasing the big money donors in order to have enough capital to run a competitive campaign.
Lefties are against tariffs because they’re a tax, I assume they’re against any increase in taxes passed on to the consumer. Unless they are just hypocrites with TDS.
Both sides have failed on cutting spending and I don’t see that changing anytime soon.
As long as people continue to vote for candidates because they promise to cut taxes on people who already don’t pay any or very much tax, we will keep digging the hole and looking for a bigger shovel. That, of course, will work for a shortish while because taxes will be raised on higher income taxpayers, who already pay most income taxes, creating the illusion that there is no problem because higher income payers’ taxes were raised. US bonds (not Gary ‘US’ Bonds) will continue to be issued, which I suspect will lead to higher interest rates. That, eventually, will cause the entire system to fail. Not sure what will be next.
Yes. I never said raise taxes. I just suggested not starting a war if you don’t have the money to pay for it, and if you start a war, don’t cut taxes and feed us the “increased revenue” bullshit if you’re going to ask for a quarter trillion dollars MORE after 30 days of a war.
Are you for or against cutting taxes such as Trump’s tariffs? I’ve seen dozens of democrats in congress and at the state and local level say they should cut tariffs, which are a tax according to them. You’re all over the place in this.