Tobytone
Verified User
You’re missing the big picture or taking the bait if you think tax cuts are spending increases in disguise as the OMB estimates always suggest. The claim that they “cost” the government money is a tired and pathetic trick, implying every dollar belongs to the feds, and they’re just deciding how much we can keep.Federal Debt Surges in July as Trump's Spending Spree Continues | Mises Institute
DOGE has failed in its stated mission. Trump is no fiscal hawk. The Republican leadership in Congress—with Trump’s encouragement—will keep spending atmises.org
seeing the knucklehead phony conservatives pretending we are doing better is fucking insane
That’s backward thinking, plain and simple. Tax cuts don’t drain the treasury either, they spark economic growth, and growth fills the coffers. Each percentage point of GDP growth brings in at least $250 billion in extra revenue, based on a $25 trillion economy and a 20% tax-to-GDP ratio. That’s $49 billion per point, minimum, and history backs it up, just look at the boom after Reagan’s 1981 tax cuts, when GDP soared 7.2% in 1984 for a recent example, Trump's tax cuts in 2017 did the same, but faster. You can go back through all of the history of taxation and it's the same story.
The Big Beautiful Bill’s projections by the OMB? Don’t fall for them. They’re not forecasts, they’re weapons to scare folks into thinking we can’t keep our own money. Those estimates are always off, designed to push an anti-tax cut agenda. Trump’s tax cuts are solid, but his real genius is in expensing changes, slashing regulations, and trillions in new investments, those are rocket fuel for GDP.
I’m betting we’ll see growth north of 5% within a year or two, at least, likely more. Add in tariffs, which are already raking in billions, and slow the spending spree, and our national debt outlook flips from grim to quite manageable. Trump’s got it right: America’s assets and natural resources make that debt look less like a monster and more like a speed bump. We're essentially underleveraged.
But if we keep choking growth while filling the political classes back pockets by spending and tax hikes, we’re toast. The fix? Keep Democrats, with their obsession for lying through their teeth, and their lack of economic knowledge, far from power. Elect people who get debt, investment, and markets, and they actually love America and want the best for the future instead of being the typical scumbags only concerned with power and money filling their pockets, only good at peddling fear.
Do that, and we could actually ditch the income tax entirely. Funny thing is, Democrats would likely piss and moan over tax cuts for the middle class and poor and as someone else here pointed out, they would find a way to call it a tax break for the rich, yet they’ve already slashed income taxes for millions to 0$ and pushed the Earned Income Tax Credit, a welfare handout dressed as a tax break, giving refunds to people who barely worked at all and paid nothing in income taxes. Hypocrites, as always.
