Biden claims the cost is nothing because he is raising taxes to 'pay' for the bill

[Old Trapper]

Translation: What the fuck do I know about taxes? I am on welfare. STFU you old senile fuck.

Prove me wrong you lying sack of shit. You never have, and you never will.

Ronald Reagan- 1981.

“We presented a complete program of reduction in tax rates. Again, our purpose was to provide incentive for the individual, incentives for business to encourage production and hiring of the unemployed, and to free up money for investment."

And under Bush:

The biggest tax policy changes enacted under President George W. Bush were the 2001 and 2003 tax cuts, often referred to as the “Bush tax cuts” but formally named the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) and the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA). High-income taxpayers benefitted most from these tax cuts, with the top 1 percent of households receiving an average tax cut of over $570,000 between 2004-2012 (increasing their after-tax income by more than 5 percent each year). Despite promises from proponents of the tax cuts, evidence suggests that they did not improve economic growth or pay for themselves, but instead ballooned deficits and debt and contributed to a rise in income inequality."

https://www.cbpp.org/research/federa...-bush-tax-cuts

And then we have trump:

"WASHINGTON —

President Trump’s pre-pandemic economic blueprint of massive tax cuts and global trade wars not only failed to deliver the promised spike in growth and domestic investment, it now appears to have left the U.S. more vulnerable to the devastating financial impact of the coronavirus outbreak.

Even before the pandemic pushed the U.S. into what is almost certainly a recession, benefits from Trump’s policies on taxes and trade were largely offset by the costs of soaring national debt and damage to U.S. foreign relations — challenges now magnified by the health crisis.

“The lasting legacy is a bigger deficit and higher debt [as a share of the economy], which means what we’re doing in response to the pandemic is piling on something that was already a pretty big mess,” said Joel Prakken, chief U.S. economist at IHS Markit.

The Tax Cuts and Jobs Act — Trump and the GOP’s 2017 tax overhaul — is estimated to cost the federal government at least $1 trillion in lost revenue over 10 years, according to various government and private estimates."

https://www.latimes.com/politics/sto...irus-recession

[Hawkeye10]

Filed Under: They tell the boldest of lies now.

[Old Trapper]

thanks for your response old crapper

Same to you BullshitBobbie. Now if you could prove me wrong.

[Trumpet]

The left actually thinks that makes sense.

When are you going to start making any sense?????????????

[Trumpet]

NOBODY CARES!

Your reply, is the usual attitude of the feeble mind, remember no brains no pain.

[Trumpet]

Taxation is funny money to Democrats.

And no to mention the funny medicine that you practice.

[Flash]

They pay an average of 3.4%. What do you pay? Whoops, now it is 8.2%:

https://www.cnbc.com/2021/09/23/amer...-taxpayer.html

Average Federal Tax Rate

Top 1%: 25.4%
Top 5%: 22%
Top 10%: 19.%
Top 25%: 16.%
Top 50%: 14.6%
Bottom 50%: 3.4%

Tax Foundation: https://taxfoundation.org/publicatio...come-tax-data/

[domer76]

https://www.cnbc.com/2021/09/23/amer...-taxpayer.html

“Low- and middle-earners pay most of their income tax from wages on jobs. In contrast, the wealthiest Americans generate the bulk of their income from investments, which, if held longer than a year, are taxed at a lower rate than wages.

The top federal income tax rate on wages is 37%, while the top rate on dividends and assets (like stocks and homes) sold for a gain is 20%.“

[Nordberg]

The explanation is the people will not feel the cost of the infrastructure. The wealthy will pay for it with higher taxes and slashing loopholes.

[Stringfellow Hawk]

It does prevent a $3.5 trillion increase in the debt if it in fact covers the entire cost. Still a poor decision but better than more debt increases.

but it doesn't

[Stringfellow Hawk]

They pay an average of 3.4%. What do you pay? Whoops, now it is 8.2%:

https://www.cnbc.com/2021/09/23/amer...-taxpayer.html

you are so full of shit and programmed, I work with several global companies and they all pay much more than that. For the regs they have to follow and manage, they pay more than they should

[Stringfellow Hawk]

Let’s try this again, bitch. The top 1% owe $160 billion dollars a year they fail to pay WHAT THEY OWE. What part of that escapes you?

fuck off moron, your idiocy is a waste of time

[domer76]

fuck off moron, your idiocy is a waste of time

My numbers were a little off. It is actually $163 billion. Argue with Treasury, cunt. I’m giving you the facts regardless of whether your little peabrain can absorb them.

The top 1% fails to pay $163 billion a year.

https://www.nytimes.com/2021/09/08/b...dance.amp.html

https://amp.theguardian.com/us-news/...st-tax-revenue

https://home.treasury.gov/news/featu...on-the-tax-gap

[Bulletbob]

Biden is such a fucking idiot or fucking liar, take your pick!

https://www.foxbusiness.com/politics...ut-the-numbers

hes a idiot and so are his supporters who buy this bullshit

[Lionfish]