Logos Stick said:
Ag with kids said:
Logos Stick said:
Ag with kids said:
Funky Winkerbean said:
Quote:
Tax cuts are scored as reductions in federal revenue, not as increases in spending.
Which does what to deficit projections?
He's arguing semantics...
I'm arguing truth.
The tax code that was scored by CBO is the tax code that exists on Jan 1, 2026. The current tax rates expire on December 31st. The CBO is legally bound by what the law is, not by what you or Trump or Miller want it to be.
Even Miller has never argued that tax cuts are counted as spending by the CBO because he's not an idiot. He just thinks it's bogus because part of the bill extends those rates.
It's just semantics.
Even you have been *****ing about all the spending in this bill which you claim will increase the deficit.
But, there's NO spending in this bill that will increase the deficit.
The ONLY thing in the bill that will increase the bill is the tax cuts...
So, which is it? Is the spending in the bill going to increase the deficit or is the (predicted) reduction in tax revenue from tax cuts going to increase the deficit?
The CBO does not score tax cuts as increased spending. It does not. Click your heels and repeat it 1000 times and you are wrong. It's not semantics.
I said there are no net spending cuts in this bill. Promises are not cuts. There will be another reconciliation bill next year and the promises will disappear.
The deficit will go up every year under Trump. The tax cuts will not be some magic bullet that will grow the GDP and increase tax revenue. I will bet you that the deficit rises under Trump every year. It's easy money.
If I do not collect $10 on taxes and spend $10 I have a balanced budget. If I collect $20 and spend $10 I have a surplus of $10. If I collect $10 and spend $20 I have a $10 deficit. If I collect nothing and spend $20, I now have a $20 deficit.
So tax cuts by pure math increases a deficit dollar for dollar the SAME way additional spending does
Again, you have already been told you are tilting at semantic windmills, but whatever floats your boat. Trust that the rest of us understand the math.
And you ignore the Laffer curve which has been proven over and over and over and over and over and over again.
But think it's magic even though the TCJA proved it in spades just a few short years ago.
Part of the whole damn reason to get the bill passed by July 4th is to not make the same mistakes of waiting to long to pass substantial tax cuts as it takes a bit of time for everything to work itself through.
But if you think the bill is nothing but bad vibes then have at it. Just be prepared for many many many people to disagree with you.