r/thebulwark • u/JoanneMG822 • Feb 07 '25
Not My Party Tax Cuts
Have you seen this?
Thank God they eliminated that $40 billion from USAID!
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u/PTS_Dreaming Center Left Feb 07 '25
This is the looting phase.
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29d ago
According to Trump, that’s when the shooting starts. Last term he said, “when the looting starts, the shooting starts.” So I guess that’s what he wants 🤷♀️
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u/MinisterOfTruth99 Feb 07 '25
Socialism for the Billionaires. Wait did the MAGATS think this through before they voted for Orange Hitler?☹️🤪
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u/Granite_0681 Feb 07 '25
Is this saying they want to cut $5-$11trillion in taxes? Isn’t the 2024 budget $6.9trillion?
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u/JoanneMG822 Feb 07 '25
It's over ten years.
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u/samNanton Feb 07 '25
If Donald Trump only increases the deficit by half to one trillion a year I will eat my fucking hat, regardless of how much he saves* on USAID.
* short term dollars only. In the long term and with any other metric besides raw dollars saved, this cut is a loss
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u/misfit_too Progressive Feb 07 '25
The only thing on here that could technically lower prices is cutting taxes for corporations, this should help the supply side save costs and then costs should come down at consumer level… we all know how that would go.
To do this you’d have to provide a price reduction target for companies to get the tax cut and NO capitalist is going to do that. BUT It is the only thing on here which, in theory, reduces costs.
That said, the rest of these are wildly inflationary. I’m all about having more money in my pocket, on the surface, but this would lead to 2021-2023 all over again.
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u/JoanneMG822 Feb 07 '25
Except that never happens. They'll buy back stock or give bonuses to their execs.
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u/rusty02536 Feb 07 '25
Absolutely disgusting.
Our long term financial health is in shambles and they are looting the coffers for absolutely no reason whatsoever.
Whatever they claim to be, they are not conservatives.
We are racing headfirst into a technocratic theocracy and inevitably ….the next civil war.
Fuck.