Cost??? I guess that must be the amount of money the gov won’t get from taxes. Only the gov uses the word ‘cost’ that way.
I am confused. “...price tag” that refers to how much something costs. It is the price you pay for something. It requires taking money and paying it. Then there is revenue or income which what you get when someone pays your price.
How does cutting taxes cost something? Spending tax dollars cost something because the things you buy have price tags.
The left continually preys on the profound economic ignorances of the masses.
It enrages me when government officials talk about the “cost” [to government] of reducing taxes paid by The People.
The mind-set and assumptions behind such talk are anti-freedom and anti-Constitution.
Which is fine as long as Trump comes out with what the corresponding spending cuts will be.
Anyway, the chances a non-establishment Republican will get his tax plan rubber-stamped in Congress are nil, so all we can hope for anyway is that President Trump would push Congress in the right direction.
Cutting government by $12T is not cost, it’s cutting government.
According to Heritage, every illegal alien household that is deported or prevented from coming into the country saves the taxpayer $700,000. I doubt that they are calculating in deporting millions of the freeloading trespassers, which would significantly lower government spending.
WHO loses? Not clear to me from what they’re saying. So often reports are slanted to how things affect government. If government loses, GOOD! If we the people lose, BAD!
BTW, how I wish he would do a straight flat tax at around 10%-15% and ZERO CORPORATE TAX.
Technically, there’s no such thing as corporate tax because there’s technically there’s no such thing as a “corporation.” It is a bunch of people running a business - THEY are not going to pay that tax, WE are going to pay because the higher tax cost will be passed on with higher prices.
“Corporate tax” = hidden personal tax through forced higher prices.
$12T.....got to be total BS.....I do NOT believe that. Mostlikely make $12 or $15 Trilloin.
Well, of course it won't add to the deficit if you cut the spending.
Well no kidding. The whole point of tax cuts is to decrease the amount of our money going to the government.
Trump spent a good part of his presentation the other day talking about all the spending cuts he is going to make.
Trump never identified what deductions would be eliminated so how did they score this?
Here is a calculator I wrote for the Trump Plan:
http://money.savvythis.com/donald-trump-tax-calculator.php
So lemme get this straight:
giving them the benefit of the doubt (which I don’t), the federal government would lose $1.2 Trillion per year - meaning that much going BACK to the taxpayers; this of course, not counting for the economic growth that would offset any loss of government revenue.
Let’s log this under ‘misleading headline’, or under the same category as ‘Trump gets boo-ed when mentioning Rubio’s name and Values Summit’.
And one more thing: This is the first I’ve heard the other candidates even had a tax plan.
I’ve seen all sorts of reviews of this plan. Two things have stood out to me:
The plan only “costs” the government if you assume all money belongs to the government and by letting people keep more money the government is losing money that rightly belong to it. The people using the term “cost” don’t say that people on welfare “cost” the government money in lost income (or even in the direct payments they get). A good tax will let me decide to participate in an activity or not and change the government’s revenue (e.g. by not driving and buying gas if the tax is too high) but my decision not to drive doesn’t cost the government money in the typical definition of cost. The feds will need to borrow more money if they can’t get spending in control - that’s not the same as costing them money that belongs to them but they let me keep.
Also, the same people who claim that increasing welfare or the minimum wage is good for the economy because it puts more money in the public’s hands are now saying putting more money in our hands by decreasing taxes will not help the economy. I haven’t seen anyone against this plan include new income taxes from people who move from welfare (no income) to a job (income and taxes for income > $25k) if the economy improves.
Try scoring in in conjunction with a 12 Trillion reduction in welfare programs.
What if Trump really intended to work with a Republican Congress to radically cut taxes and spending? That would come as quite an interesting surprise—a welcome surprise to many like myself, who would very much like to see those cuts along with numerous department closings and cuts against pork to useless local regulatory offices and public education propagandists.
Cutting spending on millions of tyrants at every level of government to make way for millions of men’s production jobs in the private sector. Imagine that.
Cost???
What does that mean and what are their assumptions?
These are the same commies who always provide numbers that are , “unexpected”.
Anytime tax rates drop the inflows to government go up.