No one paid for it. Tax cuts aren't paid for by anyone.........It's a source of revenue. Holy shit I forgot how dumb people can be on the left.
Biden expected to announce $10,000 student loan forgiveness
- Thread starter Tony Stark
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No one paid for it. Tax cuts aren't paid for by anyone.........It's a source of revenue. Holy shit I forgot how dumb people can be on the left.
Tax inversions:
https://www.taxpolicycenter.org/taxvox/obamas-anti-abuse-rules-slashed-inversions
And i'm talking about corporate taxes.
Indeed.Bush came into office with a budget surplus,left with a 1.2 trillion dollar deficit.
Trump came into office with a 600 billion dollar deficit(that Obama had cut in half from the deficit Bush left),and left with a 4 trillion dollar deficit.
Because of China and the pandemic they released. The deficit spending was BIPARTISAN too. Are you fuckin dense? The fact that you left that part out shows how big of a piece of shit you are.
Trump added 500 billion to the deficit before the pandemic ,and that was non partisan.
Even if Dems wanted to spend,he could have said no or vetoed like Obama did when Dems wanted his stimulus to be much bigger
$500 billion doesn't actually seem too bad to me considering what we're spending now. Does it to you?
$500 billion added to the deficit is huge which is why we need higher taxes.Thats 500 billion per year.The student loan relief is one time 300 billion.
Clinton and Obama lowered the deficit.Reagan,Bush and Trump massively increased it.Democrats try to pay for their spending.Republicans massively spend while cutting taxes.
The Democrats THINK they're going to pay for it, but they're not. There's a zero chance they're going to get the revenue they think they will. You know what capital flight is right?! The money will move overseas.
Tax cuts create a competitive market. Tax revenues under Trump were some of the highest in US history too. Did you miss that part in your research?
https://www.heritage.org/taxes/commentary/the-numbers-are-trumps-tax-cuts-paid
The US was just fine prior to Reagan starting the GOP mega tax cut trend and the debt,deficit and wealth equality was much better.