Blue states salivating over tax increases.
To those not wearing liberal goggles, the CBO static scoring of tax cuts has been a laughingstock for decades.
... i’m Having a tinfoil hat theory. Donald and Republicans coming up in polls. The swamp hasn’t been able to destroy him with Russia Russia, the economy is their next weaponized weapon to use on him — so like bingo market down, down, crash it and blame the R’s and Donald. This can’t be about interest rates because the economy can easily handle an increase. Who rolls big, big money all over the globe destroying economies in its wake...?
This is exactly what happened under Reagan. He cut taxes, and increased revenue started pouring in. The Democrats spent every penny plus a whole lot more. Then for years afterward they propagated the lie that tax cuts raise deficits.
History is repeating. The DC politicians are snakes.
Hmmm - 12x18 billion = 216 billion - pretty well pays in one year for the increased spending in the two year Senate budget deal....
We have to fund ever-expanding government spending until total collapse.
I had to point out to a Liberal coworker today (she’s a PhD in laser physics) that cutting tax rates does not necessarily lead to reduced tax intake.
Nearly everyone who was dumping stock these last few days is going to have to report Capital Gains.