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Thread: First month of Fiscal Year sees GOP tax cut add $100B to the deficit.

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    Default First month of Fiscal Year sees GOP tax cut add $100B to the deficit.

    In just one month, the Conservative Russia Tax Cut has added $100B to the deficit. The deficit for this FY is projected to be $1.3T.

    Conservatives promised the tax cut would pay for itself, like they always do.

    So they run up massive deficits (revenues only grew 7%) and blame the deficits on the spending instead of the revenue reduction they caused.

    That's fiscal terrorism.

    US budget deficit expands to $100b in October
    The US federal government recorded a budget deficit of 100.5 billion US dollars in October, the first month of the government's fiscal year 2019, the Treasury Department said Tuesday.
    http://www.thefinancialexpress.com.b...ber-1542177738
    When I die, turn me into a brick and use me to cave in the skull of a fascist


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    Guno צְבִי (11-14-2018)

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    All the better for taking away the "entitlements" of the unsubstantial people my pretty.

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    Here's the important part of that equation. Now the last polling I saw was in LATE MARCH. It would have been helpful to go into May or Jun. I don't know that anyone polled after late MAR. Most employees would have seen 3-4 paychecks by the end of the polling period...

    Poll: Majority of Americans say they are not seeing change in paychecks due to tax cuts

    BY REBECCA SAVRANSKY - 03/28/18 07:50 AM EDT 7,910 - THE HILL
    34,028
    FFF !important]Poll: Majority of Americans not seeing change in paychecks due to tax cuts
    TheHill.com

    A majority of Americans say they are not yet seeing President Trump's tax cuts reflected in their paychecks, according to a new poll.
    A CNBC All-America Economic Survey finds 52 percent of working adults say they haven't seen a change.
    Just 32 percent of the working adults report taking home more money due to the tax cuts, which Trump signed into law late last year.

    Of those saying they are taking home more money, 38 percent say the extra pay they receive helps them a "great deal" or a "fair amount."
    Forty percent say the extra pay helps "some" or "just a little," and 22 percent report that the extra pay "does not help much at all."
    The poll was conducted from March 17 to 20 among 800 Americans, of which 60 percent were working adults. Its margin of error is 3.5 percentage points.



    WK1 3/28-/4 _Cases 301k--Dead 18.1k Lethality 2.72%
    WK2 4/5-/13 _Cases 555k--Dead 22.1K Lethality 3.9%
    WK3 4/20-/21 Cases 774k -Dead 37.2K Lethality 4.8%
    WK4 4/22-/29 Cases 1M --Dead 58.8K Lethality 5.9%
    WK5 5/1-/8__ Cases 1.3M -Dead 75.7K Lethality 6.1%
    WK6 5/9-16__Cases 1.4M --Dead 85.8K Lethality 6.1%
    WK7 5/17-24_Cases 1.7M - Dead 97.6K Lethality 5.9%
    WK8 5/28 Cases 1.7M - DEAD 101.2K - Same

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    if they aren't seeing a change its because they don't pay any federal income taxes.........its that simple.......

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    It's a vicious cycle, Republicans get elected, they cut Taxes, Democrats get elected, they try to pay for the Deficit by raising Taxes. Democrats are accused of raising Taxes, Republicans get elected and they cut Taxes.

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