Liar.
Democrats need more money for more programs and to hire more government workers so they get more votes. This is taxation without representation.
Why are Republican tax cut always temporary while Democrat tax raises are always permanent?
Of course, we could always consider cutting spending.....just sayin.
Not worthy as a story to be posted.
Within a couple of years $400,000 will become $50,000
They must have originally sourced this from the Babylon Bee.
The NYT wants us to believe the Laffer Curve doesn’t exist.
> All it needs is a catchy name. how about Obamabucks? Or Pesos for Pelosi?
and, of course, a role model / example. Somebody like Obama, or Pelosi, or George C Looney. Just think of the publicity such a donation would generate.
Why next year? Election have anything to do with it?
*she would not raise taxes on any household making less than $400,000.*
They buy groceries too.
We got em’ by the short hairs on taxes. Will we run with it?
Taxes on tips and SSI to end? Only if we do it.
Translation: a government with fewer resources to fund graft, bloat, inefficiencies, special interest programs and favors to voting blocks.
I thought Kameltoes is already promising middle class tax cuts??
We have a spending doom loop.
Price caps are not a tax. /s
Funny how the Slimes says “loop” when the correct term is “abyss”.
Elizabeth Warren was one of my law professors. She thinks the government owns everything and anything they let you keep is a government expenditure. This is 100% accepted orthodoxy among the law faculties of the world. Especially the tax law professors. No wonder our nation has idiots for leaders.
How about the crime doom loop? The anti-family doom loop? The abortion and euthanasia doom loop? The ant-small business doom loop? The endless global war doom loop?
Yes. She is a liar now so why would she stop being one as President?
Bill Clinton promised a middle class tax cut, which was listed by some voters later in exit poll surveys as a reason for voting for him.
Just after he was certified he said new data had been given to him by associates who found the harm to the system by the GOP had been worse than he had been told earlier and that regrettably his plan for cutting taxes was out. He said he would now have to raise taxes to make the investments to improve the lives of less fortunate Americans.
why was the corp income tax reduced to 21%?
to match other countries like sweden
socialist sweden has a 21% rate cuz they realized they needed corporations to fund the huge welfare state
the individuals pay the freight, their top rate is 60%
The problem is that the public sector doesn't have layoffs as an option, by law. The Civil Service system prevents trimming the fat. The Legislative Branch has little incentive to cut the programs that cause excessive spending for one reason or another -- usually lobbyists with their hands out like Oliver saying, "please, sir, may I have some more."
Perhaps the solution would be a "sales tax" on spending by the Treasury. If one receives a government check, there would be, say, one percent withholding from it, with that "deduction" earmarked for debt service meditation. Indeed, the haircut could be scaled by the size of the government debt, so as we rise to the 50 trillion dollar mark, the bite would increase to, say, two percent. As the debt drops, so does the bite.
This would be for ALL payouts: government paychecks, grants, contract payments. Yes, I'm sorry to say, Social Security and Medicare payouts would need to be included, to be fair. Crafting an exception, say by saying that payouts that depend on significant pay-ins by recipients by mechanisms like FICA payroll deductions, might be reasonable.
It isn’t a tax problem, it is a spending problem. I will never trust a leftist Democratic candidate again.