$5.8T ($290B/yr) deficit over the next 10 years. That's the GOP way to balance the budget.
President Trump and GOP roll out new tax plan
President Trump and GOP roll out new tax plan
President Trump's New Tax Plan
- Thread starter Billyd
- Start date
-
Christian Chat is a moderated online Christian community allowing Christians around the world to fellowship with each other in real time chat via webcam, voice, and text, with the Christian Chat app. You can also start or participate in a Bible-based discussion here in the Christian Chat Forums, where members can also share with each other their own videos, pictures, or favorite Christian music.
If you are a Christian and need encouragement and fellowship, we're here for you! If you are not a Christian but interested in knowing more about Jesus our Lord, you're also welcome! Want to know what the Bible says, and how you can apply it to your life? Join us!
To make new Christian friends now around the world, click here to join Christian Chat.
At $2.8T the social security trust fund is the largest holder of the US debt.
Who owns the US national debt
Who owns the US national debt
Sorry, I'm just saying. The word democracy is thrown around by politicians and people in general as a good thing. We would be better off with an emperor than a democracy. At least in a republic, it's so difficult to pass legislation, it becomes near impossible for the government to enact major changes..... the way it should be.
D
When you cut back on business taxes, something weird happens -- business grows. When business grows, something weird happens, they have to hire more people to make the product or service more attainable for customers. Something weird happens, when people work, they buy stuff, including the taxes for the stuff, AND they get more money, so they pay more money toward taxes. And when you cut down the different levels on how much taxes people have to pay, suddenly they have that much more money to buy stuff, which means businesses must grow to meet the need, which means they have to employ more people, which means people pay more taxes, and round and round it goes.
They got a word for that. It's called "capitalism." In the early 1980's the media was crying the blues over the other words used for that -- "trickle down economics." Funny thing though, the 1980s were the last time Americans got more than a mere cost of living raise. They got raises because business was booming. Annoyed the media to no end, but I remember "trickle down." The Thursday after it went into affect, hubby brought home a paycheck with $20 more in it without getting a raise. And, shortly after that he got a raise! Reaganomics worked and, thankfully, we have a President who remembers that.
Now, if we can only get enough of the kids in Congress to remember that.
(First time ever, I feel confident knowing that most of Congress are younger than I am. lol)
They got a word for that. It's called "capitalism." In the early 1980's the media was crying the blues over the other words used for that -- "trickle down economics." Funny thing though, the 1980s were the last time Americans got more than a mere cost of living raise. They got raises because business was booming. Annoyed the media to no end, but I remember "trickle down." The Thursday after it went into affect, hubby brought home a paycheck with $20 more in it without getting a raise. And, shortly after that he got a raise! Reaganomics worked and, thankfully, we have a President who remembers that.
Now, if we can only get enough of the kids in Congress to remember that.
(First time ever, I feel confident knowing that most of Congress are younger than I am. lol)
So you think 45 Is trying to use trickle down voodoo economics like Reagan?If It works then that would be a good thing.
Originally Posted by Billyd
$5.8T ($290B/yr) deficit over the next 10 years. That's the GOP way to balance the budget.
President Trump and GOP roll out new tax plan
President Trump and GOP roll out new tax plan
As the article reports, there are no specific details as to how this will reduce the ever increasing deficit. Furthermore, in May Trump pledged to return multiple trillions sheltered overseas but no details are given as to how he will bring back all this untaxed capital. Before anyone rejoices at this reported news, we need a few more specifics as to how society will benefit from these changes.
I tend to agree . Let's remember that both sides of congress have their own agenda and interests.
I don't think I have seen congress pass a clean bill ( a bill that dose not have extra unrelated stuff in it ) in years .
You know we could have a tax bill that helps fund solar powered outhouses. Oh excuse me they already did that .
It's going to be a wait and see situation before we can know if anything good comes from this .
Blessings
Bill
I don't think I have seen congress pass a clean bill ( a bill that dose not have extra unrelated stuff in it ) in years .
You know we could have a tax bill that helps fund solar powered outhouses. Oh excuse me they already did that .
It's going to be a wait and see situation before we can know if anything good comes from this .
Blessings
Bill
What is the difference between growth and inflation? Hint. The national debt contracts during periods of growth. Any stimulus that grows the national debt brings a period of inflation instead of growth.
My suggestion is to take the tax plan back to the drawing board and write it so that the middle class gets a tax break, we have a competitive business tax environment, and we have a balanced budget.
The best way to stimulate the growth is a stable tax structure, and a streamlined regulatory process.
My suggestion is to take the tax plan back to the drawing board and write it so that the middle class gets a tax break, we have a competitive business tax environment, and we have a balanced budget.
The best way to stimulate the growth is a stable tax structure, and a streamlined regulatory process.