Most of it is set to expire. Will Pubs extend it?
I say no…we can’t afford it
I say no…we can’t afford it
Tax Cuts and Jobs Act
- Thread starter Spartans9312
- Start date
“Ryan Ellis, a lobbyist and conservative tax activist, said he expects The Number to be closer to zero than to $4 trillion, which is roughly the cost of a full tax-cut extension. The long-term fiscal picture, higher interest rates and increases in federal debt since 2017–a combination of pandemic spending, Trump’s tax cuts and President Biden’s spending increases—make this a much more challenging economic environment than seven years ago.”
Hopefully. I don’t want to lose that 20 percent
I’m done paying more taxes. Been paying them since I was 14. Let the young guys like UncleMark take up the slack.
They shouldn't, but they will. And they will pretend that the economic stimulus resulting from it will somehow increase revenues.
The future growth that is loss from taking the capital from private hands. Companies will invest less and consumers will consume less. Both lead to less growth.
You know, dollars are somehow more active and useful if they are in the hands of the rich, rather than the people who actually need to spend them.
Wealthier billionaires should be everyone's top priority. Nothing drives the economy like all the wealth in the hands of a few.
Some of it should be extended and made permanent.
1. Incentives for business investment
2. Limiting of some deductions
3. Expanded child tax credit
But they need paid for with spending cuts and will probably need to increase other taxes, as well
It’ll be extended, no doubt. Should it be extended is another question. Once DOGE does it’s thing we should be able to afford it.
It has already worked for Musk, Dogecoin went way up. So it did what he wanted.
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