And that’s great and I know I will catch heat for this but our spending every year is way past the concept of lower taxes will increase revenue enough to cover costs.
By all means cut taxes. But they have to slash and burn the budget. it is completely out of control and there is no way increased revenue will cover it from a tax cut.
POTUS said, Forget the V recovery, we’re going to have a DOUBLE V recovery.
And...that this election is a choice between a Trump Super Recovery or a Biden Super Depression.
I’ll take the Double V and the Super Recovery, please :-)
I’m thinking he knows the truth about the income tax and is about to set us free.
“1040 is to be used exclusively for non resident aliens with US sourced income.”
From income tax shattering the myths by Dave Champion.
I agree with that, but you just watch what they will want
to cut. It will be our military.
Welfare just keeps on growing and it’s just massive at this
point.
There’s no plan for people to use it to move up. It’s a
lifelong goal to remain on it and vegetate.
I’ve been saying, we need to sunset it. Tell folks it’s
going to shrink by 1/84th over the next seven years.
In seven years, it’s gone completely.
We’re looking at more than a trillion dollars right there.
I know our budgets are out of control, but look back.
Whatever grew over the last five years, cut it back to
the level it was five years ago and be done with it.
It seems to me that Mr. Trump, like President Reagan, is a proponent of supply side economics (the Laffer curve.) Frankly, I think the only way out of this mess is to grow the economy, and for that Mr. Trump needs to continue to do what he has tried to do since the beginning of his presidency, and that is to get out of the way of business though tax cuts and deregulation.
He has also supported business growth by making us energy independent, by protecting US business from cut throat Chinese competition via protective tariffs, by negotiating new mutually beneficial favorable trade agreements with other countries, and getting us out of the Paris treaty, etc., as well as taking other measures that benefit our economy and our people.
In addition, he is working to stop these expensive wars we have been involved in, which are enormously expensive which should also lower govt expenditures in the future. As well, curbing illegal immigration will also have a positive benefit in controlling govt spending.
If this is a fair election, I doubt there will be enough profligate democrats left in govt to do anything, and (hopefully) chastened Republicans who will work with Mr. Trump instead of sabotaging him as they have been wont to do.
In summary, I think it will be all right. May I suggest that anyone who is interested in the Loffer curve do a little research, and see how President Reagan ended up with increased revenue which would have eventually retired the federal deficit had not congressional Democrats increased spending due to the increased revenue. This will help put your minds at rest.
Let us pray, with repentance for our sins and despite our sins, that God will forgive and protect us, that Pres. Trump and sufficient patriots will be elected so that supply-side economics will rule the day, deficit spending come to an end, and eventually the national debt paid. Let us pray also that with this new S/C justice that Roe vs Wade will be reversed and the matter handed back to the states where it properly belongs.
Careful—Trump has been right, in a big way, every time he goes against conventional wisdom:
Job creation.
Trade policy.
The environment.
North Korea.
The Middle East.
It is called spending and do not expect anyone in the swamp to lower it by any serious amount. They will nibble at the edges but never slash what needs to be slashed, the unelected mob in the alphabet orgs
I was thinking the same thing. I applaud the cuts. Cut them to nothing. Repeal the income tax altogether, but something has to be done about spending. Hack and slash.
I agree that spending is still out of control.
But I’ve long believed the two issues overspending and overtaxing should be de-linked.
Cutting taxes should never be conditional upon cutting spending - saying so is a Leftist strategy to justify doing neither.
The Right has used a disingenuous strategy as well: Namely, the argument that cutting tax rates increases tax revenues, and are therefore revenue neutral. This is sometimes true but not always.
Yet, although disingenuous, I support Republicans using this argument if it allows them to win politically and cut taxes.
My favorite fiscal “slogan” - used by Ronald Reagan - was “take away their wallet”.
Regarding deficit spending, there is much evil to be unraveled. Somehow, the American people need to reject the expanded role of government and return to the state of liberty and self-dependency intended by the Founders.
The whole Federal Reserve and monetary system needs to be scrapped and replaced.
Totally agreed. The spending part of the equation must be addressed. The sad part is, with this fake 'pandemic' still buzzing around everyone's heads, that's gonna be a hard sell.