OK. Both parties have dug us a hole. How do massive tax cuts close the gap?

conorlarkin 23188 posts Original UHND Member

Posted 10:38 am on Apr 11, 2025

We need to raise taxes and trim spending -- ensure bang for the buck prudent expenditures. Cutting off funding for medical research and USAID is not prudent. Quite the opposite.

The American Dream belongs to all of us. — Kamala Harris

Replies 49

OK. Both parties have dug us a hole. How do massive tax cuts close the gap? conorlarkin 10:38am · 4/11/25
- We don't have to raise taxes as it is not a revenue problem. iairishcheeks 10:45am · 4/11/25
  - We need revenue to close the gap. conorlarkin 10:54am · 4/11/25
    - lowering taxes led to more revenueNTLink WestCoastIrishFan 1:02pm · 4/11/25
    - 2019 Budget $4.4T, 2024 Revenue $4.9T. iairishcheeks 11:33am · 4/11/25
      - Given that the Defense Budget for 2019 was $734B it would take draconian cuts Img TyroneIrish 11:56am · 4/11/25
        
        Cutting from the Discretionary isn't "draconian." jakers 2:27pm · 4/11/25
        
        Yeah, probably like 50 years. That's what happens when the budget more than doubles over 10 years.NT iairishcheeks 3:02pm · 4/11/25
        
        Projected Tax Revenues for this year are >$5T. jakers 3:43pm · 4/11/25
        
        In 1965, CEO/Avg Worker Compensation was 21/1...right now the ration is over 340/1...Corps and the Link Img TyroneIrish 10:47am · 4/12/25
        
        To be clear, I have ZERO problem with moving back to Reagan-era marginal tax rates at the top.NT jakers 12:57pm · 4/14/25
        Continue 1 reply
        
        Congress gets $4.4T to spend, they have to figure out how to do it. BTW, 2014 was $3TNT iairishcheeks 12:20pm · 4/11/25
        
        $3.1T is Mandatory + Interest...Revenue = $3.5T...now solve the problem.NT TyroneIrish 12:39pm · 4/11/25
        
        2024 revenue was $4.9T.NT iairishcheeks 1:03pm · 4/11/25
        
        You're moving the goal posts, Cheeks ;-)...pick any year you want...just stick with it and we'll TyroneIrish 2:04pm · 4/11/25
        
        Yeah, you're not getting this. iairishcheeks 2:35pm · 4/11/25
        Continue 15 replies

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