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Home > Forums > The Open Forum
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Further, OMB counts the existing tax structure of past 7yrs as "tax cuts" in its deficit calculation

Author: BaronVonZemo (59933 Posts - Joined: Nov 19, 2010)
Posted at 5:31 pm on Jul 3, 2025
View All

because now they won't be "sunsetting". At the same time, the OMB was not counting on the sunsetting tax structure in any of it's deficit planning. This is part of why the OMB estimate on this bill is overly pessimistic. Further, it does not add in the tariff income as they were never part of the calculations - this is a novel approach by trump in that regard.

Given what had to be done to get this necessary bill across the line to prevent a massive tax increase that would have crippled the economy, I think that it was a pretty decent result.


This message has been edited 3 time(s).

Replies to: "Further, OMB counts the existing tax structure of past 7yrs as "tax cuts" in its deficit calculation"

  • BBB passes. - BaronVonZemo - 3:04pm 7/3/25 (39) [View All]
    • You gave up Jesus for Donald. Disgusting. Slurp on. [NT] - ND521 - 10:32pm 7/3/25
    • People make fun of Trump, but Scott Bessent is on the right side of history. - Cole - 7:37pm 7/3/25
    • The cock will crow three times. You will never own the ramifications. [NT] - conorlarkin - 7:21pm 7/3/25
      • You’ve crowed a lot more than 3 times about it. [NT] - BaronVonZemo - 7:58pm 7/3/25
        • Millions of children will die painful deaths because of voters like you. [NT] - conorlarkin - 8:10pm 7/3/25
          • False. Yet hundreds millions of children have died from abortion because of voters like you.Rule #1 - BaronVonZemo - 11:27pm 7/3/25
            • True...HIV/AIDS treatments are proven to save lives...Trump is denying those drugs to millions of - TyroneIrish - 1:23am 7/4/25
    • The pendulum swings from green inflation reduction scams to faux token tax cuts - Curly1918 - 4:05pm 7/3/25
      • The tax cut extensions are real though, unlike the inflation reduction. Agree? [NT] - NedoftheHill - 4:32pm 7/3/25
        • Critically: corp tax cuts to keep the jobs & tax revenue on shore [NT] - BaronVonZemo - 4:53pm 7/3/25
          • Since most corps used them for stock buybacks last time, why would you expect them to change - TyroneIrish - 1:12am 7/4/25
          • True. Funny how people try to affect behavior w/ tax code, then forget tax code changes behavior. [NT] - NedoftheHill - 5:02pm 7/3/25
            • Further, OMB counts the existing tax structure of past 7yrs as "tax cuts" in its deficit calculation - BaronVonZemo - 5:31pm 7/3/25
    • There was never any doubt. [NT] - Chris94 - 3:56pm 7/3/25
    • Hakeem Jefferies convinced Republican hold outs to vote for the bill. - PaND - 3:15pm 7/3/25
      • Nanny Pelosi wanted to punch children or something like that. Who knows. She's Hakeem's muse. LOL [NT] - ELP - 5:00pm 7/3/25
      • I’m not a fan of political grandstanding, but that speech wasn’t… - Domer From Hell - 3:45pm 7/3/25
        • He has and is running at least for DNC VP 2028 [NT] - Frankx - 6:01pm 7/3/25
        • Musk threatened them if they vote for itButI’d like any proof of personal threats beyond their - BaronVonZemo - 4:58pm 7/3/25
          • Hey DFH….. - BaronVonZemo - 5:05pm 7/3/25
            • Nope. If I thought the bill was a good thing, I’d give him credit like I did on the Iran strike… - Domer From Hell - 5:44pm 7/3/25
              • Well, blow me down. Btw, while I know what Mark Twain said about statistics, this is still [LINK] - BaronVonZemo - 5:51pm 7/3/25
                • We can only wait and see what the lasting ramifications of this bill will be… - Domer From Hell - 6:06pm 7/3/25
                  • What spending would you cut? You said you didn't want to add to the debt. [NT] - NedoftheHill - 11:10pm 7/3/25
                    • Hell, I don’t know. 5 trillion just seems like a lot to add to the national debt… - Domer From Hell - 9:49am 7/4/25
                    • He doesn’t want to add to the debt when it’s R’s rather than D’s choosing the things to spend it on. [NT] - BaronVonZemo - 11:38pm 7/3/25
                      • Ridiculous statement and you know it. [NT] - Domer From Hell - 9:50am 7/4/25
                  • Reasonable approach. [NT] - BaronVonZemo - 7:46pm 7/3/25
        • Not only Primary Threats, but also Physical Threats to Lawmakers AND their families...this has been - TyroneIrish - 4:03pm 7/3/25
          • I wouldn’t put it past Trump or his cowardly followers [NT] - Domer From Hell - 4:09pm 7/3/25
            • Notice most of the violence comes from the left. - ELP - 4:55pm 7/3/25
              • Where was I?… - Domer From Hell - 5:41pm 7/3/25
                • I said where were you all, not where were you in particular. . - ELP - 7:01pm 7/3/25
                  • Sorry…I didn’t see “all.” [NT] - Domer From Hell - 7:29pm 7/3/25
                    • No problem. Everything is cool. [NT] - ELP - 7:39pm 7/3/25
                • You don't seem to identify as Ty's soulmate. [NT] - BaronVonZemo - 5:57pm 7/3/25
                  • You're peeking again, Baron...the truth is that Trump sows violence among his own followers, - TyroneIrish - 6:40pm 7/3/25
            • When it takes that kind of intimidation, you know DJT's agenda is bankrupt. [NT] - TyroneIrish - 4:23pm 7/3/25
      • Yep. Very helpful carving back medicaid expansion of Obamacare & ending Biden's ridiculous CC policy - BaronVonZemo - 3:32pm 7/3/25
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