Posted on 05/25/2025 8:53:34 PM PDT by RandFan
It’s the usual theatrics that both sides do. It’ll go till the last minute then pass and they’ll say look what we did.
Anything that raises the debt and funds any worthless government institution EPA, EPA, etc shouldn’t pass in my opinion.
Refreshing attitude
They always find the votes but we’ll see. It depends on the size of the rebellion it’s only 2 right now
I dont know the math and others positions. Ron Johnson from Wisconsin seems to think there is enough to say no.
Thanks for that info...to me it sounds like someone Graham and McConnell would chum up with behind the scenes.
Ahos.
I suspect Trump will get the principles and loudmouths together and hash out a deal deal at some point.
Is this the bill that is so big we have to pass it to find out what is in it?
Why not they supported Trump until he was elected and then turned against him just like last time
Do you think raising tax rates increases revenue?
I remember back in the Reagan years.
There were nonstop predictions of gloom and doom back then, too.
Reagan grew us out of the predicted problems.
You seem to think that numbers can never change.
Keep doomposting, it’s your thing.
No bill shall pass without kickback clause
Mitch McConnell and Lindsey Graham
Do you think raising tax rates increases revenue?
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Don’t know if you are the guy I showed the data.
If you raise rates and examine revs a few years later, you will have more revenue, even with a negative impact on GDP, simply because population rises, as does inflation.
So you go from 35% top end to 39% top end. Absolutely all other factors being equal, you will get a 4% increase in revs.
If GDP fell something less than catastrophic, like maybe 0.3% (a typical recession quarterly sequence) as population rose (1%/yr) and inflation 3% then OF COURSE dollar total of revs go up. Inflation alone would do that, but throwing in population too makes it obvious.
How could they not?
The worshipping at the altar of falling rates increasing revenue never ever ever look at population realities. Drop rates, increase the number of people paying the taxes, of course revs will increase. How could they not?
A generalized inadequate respect for multi variate math exists.
Why exactly do you think bankruptcy courts exist?
Numbers can change, you cry out to the sky. Compound interest nods in reply and generates another month of interest expense.
You should look into the UN processes and International Courts in general to find the bankruptcy court that handles expungement of sovereign debt. Let me know what you find.
These idiots can’t add
During Reagan “the math” said revenue would go down with lower rates.
In 6 years the revenue grew 100%.
Shove their fake “math” only an idiot would believe.
During Reagan “the math” said revenue would go down with lower rates.
In 6 years the revenue grew 100%.
//////////////////////////////////////////////
https://fred.stlouisfed.org/series/W006RC1Q027SBEA
A chart of historical tax receipts.
Q1 1981 $389B Note the Carter years with no tax cut
started at $204B 1976Q4 Sharp rise
in those 4 yrs (pre Reagan, because
population)
Q1 1989 $610B 100% growth would be $389X2 = $778B
This tax rev growth is about 5%/yr compounded
1980s population growth 0.9%/yr, NOT from birth rate.
About 28 million births over those 8 yrs. So because of immigration, the 11% pop gain concentrated in worker age people, amplifying the tax revenue increase.
Average annual inflation in the 1980s was about 4.5%, a sharp decrease after Volker applied brakes 1979 and into 1980s. So that’s a 4.5% per year increase in the number of dollars one will see in tax revs regardless of tax rates or population effects.
Read that again. The 5%/yr tax rev increase in the Reagan years came about from 4.5% inflation. And 0.9% inflation increase, probably higher for worker ages.
There is zero evidence from this that tax rate policy achieved anything.
As it was in Reagan's time. so it is now.
It was ever thus.
But you keep doomposting.
Who knows? Maybe you'll talk a few Freepers into giving up.
What does give up mean? Why would compound interest care if one gives up or not?
And again, why do you think there exist bankruptcy courts?
So much wrong with that it’s not even funny.
It means, a Freeper would read your constant doomposting, and give up fighting for America.
Why would compound interest care if one gives up or not?
Compound interest does not care if Freepers give up, but I do.
And again, why won't you address how Reagan grew us out of a similar situation in the 1980s?
Re the Reagan years, I just finished analysis and maybe was posting to someone else. Here:
/////////////////////////////////////////////////
During Reagan “the math” said revenue would go down with lower rates.
In 6 years the revenue grew 100%.
//////////////////////////////////////////////
https://fred.stlouisfed.org/series/W006RC1Q027SBEA
A chart of historical tax receipts.
Q1 1981 $389B Note the Carter years with no tax cut
started at $204B 1976Q4 Sharp rise
in those 4 yrs (pre Reagan, because inflation and
population)
Q1 1989 $610B 100% growth would be $389X2 = $778B
This tax rev growth is about 5%/yr compounded, not 100% total
1980s population growth 0.9%/yr, NOT from birth rate.
About 28 million births over those 8 yrs. So because of immigration, the 11% pop gain concentrated in worker age people, amplifying the tax revenue increase. More people = more tax revs.
Average annual inflation in the 1980s was about 4.5%, a sharp decrease after Volker applied brakes 1979 and into 1980s. So that’s a 4.5% per year increase in the number of dollars one will see in tax revs regardless of tax rates or population effects.
Read that again. The 5%/yr tax rev increase in the Reagan years came about from 4.5% inflation. And 0.9% inflation increase, probably higher for worker ages.
There is zero evidence from this that tax rate policy achieved anything.
////////////////////////////////////////////////
And voila. Numbers always overwhelm memory.
Now about that bankruptcy court . . . .
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