Proposed 3.5 Trillion dollar budget

ProV1

Well-known member
No..they already passed the 1.5 trillion
When was that? If so, we cut it by 1T last year and we are up a bit from 2019. Sounds like improvement. Now if we can just stop the tax cheats, we can slow down these massive deficits over the last 4 years.
 

frecriss

Well-known member
When was that? If so, we cut it by 1T last year and we are up a bit from 2019. Sounds like improvement. Now if we can just stop the tax cheats, we can slow down these massive deficits over the last 4 years.
it's only july
 

ProV1

Well-known member
Wasn't it infrastructure only?
There is a 1.2T infrastructure plan that was negotiated by a bipartisan group of senators. That is a proposal at this point and includes options to cover the investment.
 

Qcity

Well-known member
When was that? If so, we cut it by 1T last year and we are up a bit from 2019. Sounds like improvement. Now if we can just stop the tax cheats, we can slow down these massive deficits over the last 4 years.


Hilarious.
 

y2h

Well-known member
When was that? If so, we cut it by 1T last year and we are up a bit from 2019. Sounds like improvement. Now if we can just stop the tax cheats, we can slow down these massive deficits over the last 4 years.
Yeah tax cheats are the problem, not spending.
 

WJ-OSU-STEELERS

Well-known member
Both spending increases and revenue decrease are a problem. Before Covid the deficit was to exceed $1 trillion due to these two reasons:
1) spending increased from prior year. Only 4 Federal fiscal year no deficits since 1970 was in Clinton’s last 4 years of office. Every other year the Fed give ran a deficit - BOTH R’s and D’s are to be blamed for this.
2) revenue decreased (tax collection $$$) due to the tax the 2017 tax reform (Amazon & 50+ Fortune 500 companies who paid $0 Fed tax).

Corporate taxes definitely needed reduced but to allow a company such as Amazon to pay $0 Fed taxes two years in a row - someone should have ran some #’s on how the new tax laws would work.

A third party in the US has long been over due - both are equally pathetic.
 

D4fan

Well-known member
Both spending increases and revenue decrease are a problem. Before Covid the deficit was to exceed $1 trillion due to these two reasons:
1) spending increased from prior year. Only 4 Federal fiscal year no deficits since 1970 was in Clinton’s last 4 years of office. Every other year the Fed give ran a deficit - BOTH R’s and D’s are to be blamed for this.
2) revenue decreased (tax collection $$$) due to the tax the 2017 tax reform (Amazon & 50+ Fortune 500 companies who paid $0 Fed tax).

Corporate taxes definitely needed reduced but to allow a company such as Amazon to pay $0 Fed taxes two years in a row - someone should have ran some #’s on how the new tax laws would work.

A third party in the US has long been over due - both are equally pathetic.
Cant disagree more on the $0 paid by Amazon. If they are operating according to the tax laws and investing back into their business to grow it thus rewarding thousands of other businesses and workers with jobs. That is a great model. Once they peak and hold they will either generate profits that are taxed or they will dispurse their profits to shareholders who will be taxed.

Every S Corp has never paid a dime in taxes because they are a pass through entity.
 

WJ-OSU-STEELERS

Well-known member
D4fan - We will just have to agree to disagree then. Should they get a tax break if they are providing jobs, yes & Im completely fine with that. Should they pay $0 - completely not fine with that. Everything you said can be true and sounds great…..yet it didn’t happen. The Fed govt deficit increased to over $1 trillion dollars in 2019 before Covid.
 

ProV1

Well-known member
D4fan - We will just have to agree to disagree then. Should they get a tax break if they are providing jobs, yes & Im completely fine with that. Should they pay $0 - completely not fine with that. Everything you said can be true and sounds great…..yet it didn’t happen. The Fed govt deficit increased to over $1 trillion dollars in 2019 before Covid.
2019 was definitive proof that Trumps economic model was a sh*t show.
 

D4fan

Well-known member
D4fan - We will just have to agree to disagree then. Should they get a tax break if they are providing jobs, yes & Im completely fine with that. Should they pay $0 - completely not fine with that. Everything you said can be true and sounds great…..yet it didn’t happen. The Fed govt deficit increased to over $1 trillion dollars in 2019 before Covid.
I didn't comment on the deficit. Sure we were overspending prior to Covid. But to me that is unrelated to who is paying taxes.
 

y2h

Well-known member
Both spending increases and revenue decrease are a problem. Before Covid the deficit was to exceed $1 trillion due to these two reasons:
1) spending increased from prior year. Only 4 Federal fiscal year no deficits since 1970 was in Clinton’s last 4 years of office. Every other year the Fed give ran a deficit - BOTH R’s and D’s are to be blamed for this.
2) revenue decreased (tax collection $$$) due to the tax the 2017 tax reform (Amazon & 50+ Fortune 500 companies who paid $0 Fed tax).

Corporate taxes definitely needed reduced but to allow a company such as Amazon to pay $0 Fed taxes two years in a row - someone should have ran some #’s on how the new tax laws would work.

A third party in the US has long been over due - both are equally pathetic.
1) thanks to the Republican controlled Congress.

2) what was Bezos tax bill?
 

WJ-OSU-STEELERS

Well-known member
Y2K - then how do you explain….
1) a Republican controlled Congress with a budget deficit of $1 trillion?
2) I would guess Bezos personal taxes are percentage wise of income far less than you or I

Don’t say one party is far greater than the other. The bottom line, ie $$$$$, shows both spend more than they should. Both parties are horrible.
 
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Yorktown

Well-known member
Why do so few understand the real meaning of corporations paying taxes….
corporations don’t pay taxes.. people do.
you can put a 100% tax on all corporations and what would that do?
Nothing more than pass those taxes onto PEOPLE in the form of higher prices in goods and services.
Why is this so hard?
It is the exact same argument with tariffs…. They do Nothing but add to the price of goods.
In the end YOU pay.

The Feds need to fire about 6 in 10 bureaucrats.. that would be a good start… go work in the private sector where they are begging for workers
 

Qcity

Well-known member
The radical libs trying to crush this country have advanced this colossal disaster. Is there even one real American in congress on the democrat side who will do the right thing?
 

psycho_dad

Well-known member
The radical libs trying to crush this country have advanced this colossal disaster. Is there even one real American in congress on the democrat side who will do the right thing?
What is the right thing? You don't think we need to improve our infrastructure? About 45% of all bridges in the US are over 50 years old. there are more than 47,000 bridges that are structurally deficient. Is that the right thing? The US has more power outages than any other developed country. Is that the right thing? Our Freight trains are allowed to go 70-80mph but our rail system is so bad that most go about 40-50mph max. Is that the right thing. Other countries have trains that go over 200mph.
 

Altor

Well-known member
How many of those 47000 bridges will be replaced in this bill?

Is that total number of power outages or is it normalized using power line miles or KWh in some way? How does the US's mean time to repair compare to other developed countries? The US has probably one of the largest grids in the world, constantly getting hit by storms. If the number is just raw number of outages or even number of customers affected, it's a worthless comparison.

How many miles of track in the US are owned by the federal government? IIRC, it's very little. How many miles of track are being repaired? Is that government owned or private track? If the rail companies can't or won't keep their track repaired so they can go faster, they must have determined that there is not a business need for them to go faster. Why should we give them corporate welfare to improve their infrastructure that they have determined is not needed?
 

Qcity

Well-known member
What is the right thing? You don't think we need to improve our infrastructure? About 45% of all bridges in the US are over 50 years old. there are more than 47,000 bridges that are structurally deficient. Is that the right thing? The US has more power outages than any other developed country. Is that the right thing? Our Freight trains are allowed to go 70-80mph but our rail system is so bad that most go about 40-50mph max. Is that the right thing. Other countries have trains that go over 200mph.


The $3.5 trillion bill is not related to the $1.2 trillion infrastructure bill (of which only about $400 billion is actually for infrastructure).

Both bills are a disaster.

Hope this helps.
 

psycho_dad

Well-known member
The $3.5 trillion bill is not related to the $1.2 trillion infrastructure bill (of which only about $400 billion is actually for infrastructure).

Both bills are a disaster.

Hope this helps.
No, it doesn't help. You never answer a question. I'm not talking a specific bill. I'm talking things that need to get done. I could list things for days that need done. Republicans/ conservatives are just against things. Do you think that it is acceptable that 47000 bridges in The USA are not safe? Is it acceptable that we have the most power outages because our power grid is a joke? It's those type of things that made the USA great. The sky is falling. You have no idea why "both bills are a disaster."

Hundreds of people died in Texas because of a garbage power grid. Froze to death. You are good with that?

Your great idea is to go back to 1474 technology and build a wall.

Refrigerated morgue trucks is not progress.
 
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