For a guy who's mocked everyone else's financial acumen, you sure do like to play dumb.old salt wrote: ↑Sat Aug 03, 2024 1:14 pmTrump taxed a great deal of high tax blue state wealth by capping the SALT deduction.
How did gross tax revenues compare after Trump's tax package was implemented ?
https://austinscott.house.gov/2023/1/ju ... port-shows
Dude: what happens to tax revenues when Trump borrows over $2trillion, and hands it out to businesses and people in America?
Gee, do-ya think those trillions will get taxed several times, and some (some) will return to the US Treasury coffers?
This is why we have a massive deficit: we have millions of Republican voters who don't understand how loans work....or in your case, pretend you don't know.
I've used this metaphor before......the Republican party thinks this is how it works: on his way home from work, a man takes out a $10k loan, comes home and tells the wife "great news honey! I got a $10k bonus from work today!! We should go out and celebrate".
Real conservatives used to make fun of this stupidity. Now? This passes as Republican economic policy.
The part you and your calculator-challenged Republicans want voters to ignore is: yeah, tax revenues went up. But Trump borrowed $2Trillion+ to get that neat-o tax revenue to go up.
Do you know how long it will be before our interest on debt payments will exceed military spending? This year, the CBO pegs are payments on interest will hit $893 Billion. That's closing in on HALF of what we spend on defense.
Yet here you are, cheering this on, telling me you're a conservative.