Nancy's stimulus package

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because even sane Democrats know there will be a gigantic price to pay. There are no free lunches. US debt has gotten out of control since 2008. Significant tax increases to address the issue will be required in the future. It's that or else giant spending programs like social security and medicare will require cuts. All of those options are politically unpalatable. They are coming though.

Oh NOW you clowns are back t being concerned about the debt? Give it a rest.

Trump is the self-proclaimed 'King of Debt'.

It exploded the most under Obama. It isn't even debatable.

Trump has that honor now and may the only president to increase the deficit in economic boom times. The deficit this year is already on track to be close to $4 trillion.

Wait...I thought that, according to the Dems, that the economy was not that great under Trump?

Who said that? The economy under Trump continued the trend from the Obama admin. I don’t think anyone disputes that Trump inherited a good economy and that it continued to be good, even if some of the metrics started trending down under Trump such as manufacturing and job growth.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The Dems have the people right where they want them. They just need to get their guy voted in for Prez and the free market, as we know it, will be gone. Get ready for food stamps and equal pay for all.

I prefer that to death, destruction and consolidation of wealth into an oligarchy.

Yep, me too. And I’m a capitalist!

[Anonymous]

Anonymous wrote:

Anonymous wrote:People are so entrenched in blaming. We need creative solutions. It’s a waste to blame the opposing party. What solutions can you think of? List them here.

+1 I don't need an election year pissing contest when we have a real actual crisis to manage. They all need to show up, do their damn job and figure it out. Not impressed with either party. No stars.

+ 1

[Anonymous]

Anonymous wrote:I'm a liberal, but I wonder about the focus on immigration. I think we need more paths towards legalization for those that are here, but we need free ourselves from relying on cheap and exploitative labor practices. Encouraging more low skilled immigration is not ideal.

can't do that until we have real borders, get the 90% of failed asylum request by economic migrants out in 1-2 mos not 1-2 years and stop archaic Citizenship by Birth (like every other developed country that had it already did the last 50 years).

get the house in order then talk about gifting illegal immigrants some sort of status.

[Anonymous]

Anonymous wrote:I'm a liberal, but I wonder about the focus on immigration. I think we need more paths towards legalization for those that are here, but we need free ourselves from relying on cheap and exploitative labor practices. Encouraging more low skilled immigration is not ideal.

It works fine today. Anchor baby turns 18 yo and CASA de Maryland sends in the paperwork to sponsor illegal Mom and Dad for greencards.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because even sane Democrats know there will be a gigantic price to pay. There are no free lunches. US debt has gotten out of control since 2008. Significant tax increases to address the issue will be required in the future. It's that or else giant spending programs like social security and medicare will require cuts. All of those options are politically unpalatable. They are coming though.

Oh NOW you clowns are back t being concerned about the debt? Give it a rest.

Trump is the self-proclaimed 'King of Debt'.

It exploded the most under Obama. It isn't even debatable.

Trump has that honor now and may the only president to increase the deficit in economic boom times. The deficit this year is already on track to be close to $4 trillion.

Wait...I thought that, according to the Dems, that the economy was not that great under Trump?

Who said that? The economy under Trump continued the trend from the Obama admin. I don’t think anyone disputes that Trump inherited a good economy and that it continued to be good, even if some of the metrics started trending down under Trump such as manufacturing and job growth.

You're kidding, right? How many times on this board did we hear "The stock market is not the economy", or "It's all smoke and mirrors", etc. etc.

[Anonymous]

Moderate Dem here- don't believe in bailing out Higher Ed, think some colleges need to go under and the industry has been flushed with cheap money for awhile. Also, I believe in helping states cover essential services, but I don't want a cent to go to state employee or teacher pensions. No person in the private sector gets them, politicians over promised, so I don't feel like subsidizing it. Spanberger's position seems reasonable.

[Anonymous]

Anonymous wrote:Because even sane Democrats know there will be a gigantic price to pay. There are no free lunches. US debt has gotten out of control since 2008. Significant tax increases to address the issue will be required in the future. It's that or else giant spending programs like social security and medicare will require cuts. All of those options are politically unpalatable. They are coming though.

Then why did Trump and GOP give the billionaires and large corporations a big tax cut in 2017 with out of control debt? Maybe it's time they started paying taxes like the rest of us.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Because even sane Democrats know there will be a gigantic price to pay. There are no free lunches. US debt has gotten out of control since 2008. Significant tax increases to address the issue will be required in the future. It's that or else giant spending programs like social security and medicare will require cuts. All of those options are politically unpalatable. They are coming though.

Then why did Trump and GOP give the billionaires and large corporations a big tax cut in 2017 with out of control debt? Maybe it's time they started paying taxes like the rest of us.

Just stop with this stupid liberal lies.

1. Most people in the US got a tax cut. You may not know it, but you got it. The reason you may not know it?

To a large degree, the gap between perception and reality on the tax cuts appears to flow from a sustained — and misleading — effort by liberal opponents of the law to brand it as a broad middle-class tax increase.

https://www.nytimes.com/2019/04/14/business/economy/income-tax-cut.html

2. Corporate taxes were lowered. That is NOT a bad thing.

One of the most significant provisions of the Tax Cuts and Jobs Act is the permanently lower federal corporate income tax rate, which decreased from 35 percent to 21 percent.
Prior to the Tax Cuts and Jobs Act, the United States’ high statutory corporate tax rate stood out among rates worldwide. Among countries in the Organisation for Economic Co-operation and Development (OECD), the U.S. combined corporate income tax rate was the highest. Now, post-tax reform, the rate is close to average.
A corporate income tax rate closer to that of other nations will discourage profit shifting to lower-tax jurisdictions.
New investment will increase the size of the capital stock, and productivity, output, wages, and employment will grow. The Tax Foundation Taxes and Growth model estimates that the total effect of the new tax law will be a 1.7 percent larger economy, leading to 1.5 percent higher wages, a 4.8 percent larger capital stock, and 339,000 additional full-time equivalent jobs in the long run.
Economic evidence suggests that corporate income taxes are the most harmful type of tax and that workers bear a portion of the burden. Reducing the corporate income tax will benefit workers as new investments boost productivity and lead to wage growth.
If lawmakers raised the corporate income tax rate from 21 percent to 25 percent, we estimate the tax increase would shrink the long-run size of the economy by 0.87 percent, or $228 billion. This would reduce the capital stock by 2.11 percent, wages by 0.74 percent, and lead to 175,700 fewer full time equivalent jobs.

https://taxfoundation.org/benefits-of-a-corporate-tax-cut/

3. Revenue increased after the tax cuts

You wouldn’t know it from the press coverage, but there’s some modest good news about the federal budget. The deficit is rising, but not as much as feared because tax revenues are increasing due to faster economic growth.

The Congressional Budget Office reports in its April budget review that revenues rose 2% to $2.041 trillion in the first seven months of fiscal 2019 from a year ago. Payroll tax revenue rose 4.7% due in part to rising employment and wages.

https://www.wsj.com/articles/tax-revenue-keeps-rising-11557691166

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because even sane Democrats know there will be a gigantic price to pay. There are no free lunches. US debt has gotten out of control since 2008. Significant tax increases to address the issue will be required in the future. It's that or else giant spending programs like social security and medicare will require cuts. All of those options are politically unpalatable. They are coming though.

Then why did Trump and GOP give the billionaires and large corporations a big tax cut in 2017 with out of control debt? Maybe it's time they started paying taxes like the rest of us.

Just stop with this stupid liberal lies.

1. Most people in the US got a tax cut. You may not know it, but you got it. The reason you may not know it?

To a large degree, the gap between perception and reality on the tax cuts appears to flow from a sustained — and misleading — effort by liberal opponents of the law to brand it as a broad middle-class tax increase.

https://www.nytimes.com/2019/04/14/business/economy/income-tax-cut.html

2. Corporate taxes were lowered. That is NOT a bad thing.

One of the most significant provisions of the Tax Cuts and Jobs Act is the permanently lower federal corporate income tax rate, which decreased from 35 percent to 21 percent.
Prior to the Tax Cuts and Jobs Act, the United States’ high statutory corporate tax rate stood out among rates worldwide. Among countries in the Organisation for Economic Co-operation and Development (OECD), the U.S. combined corporate income tax rate was the highest. Now, post-tax reform, the rate is close to average.
A corporate income tax rate closer to that of other nations will discourage profit shifting to lower-tax jurisdictions.
New investment will increase the size of the capital stock, and productivity, output, wages, and employment will grow. The Tax Foundation Taxes and Growth model estimates that the total effect of the new tax law will be a 1.7 percent larger economy, leading to 1.5 percent higher wages, a 4.8 percent larger capital stock, and 339,000 additional full-time equivalent jobs in the long run.
Economic evidence suggests that corporate income taxes are the most harmful type of tax and that workers bear a portion of the burden. Reducing the corporate income tax will benefit workers as new investments boost productivity and lead to wage growth.
If lawmakers raised the corporate income tax rate from 21 percent to 25 percent, we estimate the tax increase would shrink the long-run size of the economy by 0.87 percent, or $228 billion. This would reduce the capital stock by 2.11 percent, wages by 0.74 percent, and lead to 175,700 fewer full time equivalent jobs.

https://taxfoundation.org/benefits-of-a-corporate-tax-cut/

3. Revenue increased after the tax cuts

You wouldn’t know it from the press coverage, but there’s some modest good news about the federal budget. The deficit is rising, but not as much as feared because tax revenues are increasing due to faster economic growth.

The Congressional Budget Office reports in its April budget review that revenues rose 2% to $2.041 trillion in the first seven months of fiscal 2019 from a year ago. Payroll tax revenue rose 4.7% due in part to rising employment and wages.

https://www.wsj.com/articles/tax-revenue-keeps-rising-11557691166

We've been through this before but if you read further down in the first article it goes on to say that the tax cut for the middle class was small and temporary. The tax cut for billionaires and big corporations was much larger and permanent. Not lies, truth and you know it. Also, trickle down does not work so it will not help "create jobs" by giving corporations and wealthy people big tax cuts.

[Anonymous]

Senate GOP is going to immediately take out the $10k student loan forgiveness, aren't they?

[Anonymous]

Anonymous wrote:

3. Revenue increased after the tax cuts

You wouldn’t know it from the press coverage, but there’s some modest good news about the federal budget. The deficit is rising, but not as much as feared because tax revenues are increasing due to faster economic growth.

The Congressional Budget Office reports in its April budget review that revenues rose 2% to $2.041 trillion in the first seven months of fiscal 2019 from a year ago. Payroll tax revenue rose 4.7% due in part to rising employment and wages.

https://www.wsj.com/articles/tax-revenue-keeps-rising-11557691166

The article specifically says the increase is due to greater employment which is not attributed to the tax cut. The Trump tax cuts will cost $2 trillion over 10 years. That is the best and most recent estimate. Tax cuts primarily for the wealthy do not pay for themselves — never have, never will, so maybe we can try a different approach.

[Anonymous]

No way in h3ll I'm subsidizing poor run liberal states

Claw back those generous pensions and benefits from your state workers.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because even sane Democrats know there will be a gigantic price to pay. There are no free lunches. US debt has gotten out of control since 2008. Significant tax increases to address the issue will be required in the future. It's that or else giant spending programs like social security and medicare will require cuts. All of those options are politically unpalatable. They are coming though.

Oh NOW you clowns are back t being concerned about the debt? Give it a rest.

Trump is the self-proclaimed 'King of Debt'.

It exploded the most under Obama. It isn't even debatable.

Trump has that honor now and may the only president to increase the deficit in economic boom times. The deficit this year is already on track to be close to $4 trillion.

Wait...I thought that, according to the Dems, that the economy was not that great under Trump?

Who said that? The economy under Trump continued the trend from the Obama admin. I don’t think anyone disputes that Trump inherited a good economy and that it continued to be good, even if some of the metrics started trending down under Trump such as manufacturing and job growth.

You're kidding, right? How many times on this board did we hear "The stock market is not the economy", or "It's all smoke and mirrors", etc. etc.

That’s correct, the stock market is not the economy and yes Trump inherited a good economy so yes his arguments were all smoke and mirrors. I’m not denying the economy was good, I just don’t think Trump really did anything to improve it. The main driver under Trump was increased Federal spending, but that’s largely driven by democrats. It would have been great if we spent that money back in 2010/2011 instead so that the economy would have rebound faster. Republicans purposefully slowed recovery because it helps them politically. Expect them to do the same if Biden wins.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm a liberal, but I wonder about the focus on immigration. I think we need more paths towards legalization for those that are here, but we need free ourselves from relying on cheap and exploitative labor practices. Encouraging more low skilled immigration is not ideal.

It works fine today. Anchor baby turns 18 yo and CASA de Maryland sends in the paperwork to sponsor illegal Mom and Dad for greencards.

And then take a seat at our top state Universities because they have the Hispanic and first generation college student box checked.

Sorry liberals but the table really hasn't expanded yet illegal immigrants have been given many seats.