Quote:
Originally Posted by 1blackman1
Tiny you know better. You say otherwise, but you know better. You actually have to because your continued argument about the benefits of the Trump tax cuts for wealthy and big business is bordering on Bambi and Saltyish.
Now as for the rest. The Republicans get massive changes as a result of their hostage taking of the threat of default. We’ve fundamentally changed how we move forward financially as a county. The Democratic president negotiated away every liberal win from Obama forward. Just terrible.
But we ain’t defaulting.
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I just can't figure you out Blackman. The good Lord gave you plenty of brains when he created you. How you come up with something like this is beyond me. It must be the Stockholm Syndrome.
Bambino and Salty have good judgement on economic policy, certainly better than the bozo in the White House.
We've been over and over the Republicans' Tax Cuts and Jobs Act (TCJA). The cuts in individual tax rates made the tax system MORE progressive. The changes in corporate taxation were long overdue. They took us from having the highest corporate rate in the developed world to the middle of the pack. That along with the new GILTI tax and favorable provisions for repatriation of cash caused American corporations to bring money home and invest more in America. Corporate tax revenues in FY 2022 were, by the way, the third highest of any year in American history.
You may have a point as to the Qualified Business Income deduction, which gave preferential treatment to businesses with lots of employees and depreciation expense. But overall the TCJA was good for America. It would have been better if the Republicans had cut spending when they had the chance, before Democrats and Nancy Pelosi controlled the House.
The second part of your post is straight from La La Land. The New York Times in an article this morning estimated the Republicans only managed to pry about $650 billion in spending cuts out of Biden, over 10 years. Everything that's getting cut is reasonable in my opinion, with possibly one exception: if a single mother isn't either working or looking for work so she can stay home with her kids, I'd cut her some slack, with food stamps.
So, Biden and the Democrats pass legislation in 2021 and 2022 that will result in about $5 trillion in additional spending over the following 10 years. Then Republicans get them to cut by $650 billion. That's like taking 8 steps forward, on the way to a nightmarish hell created by excessive debt. And then one step backwards, away from that hell. Your characterization, "The Democratic president negotiated away every liberal win from Obama forward," is ridiculous.
