“We do not have a revenue problem, we have a spending problem.”
Exactly this. Elon Musk is working for ZERO pay, lending his brilliance to identify the gross misuse, overuse and downright irresponsible spending practices our Congressional members have authorized for years, and we can’t even get these so-called public servants to eliminate THAT from the budget.
We can’t get our overlords to at a minimum return to pre-Covid spending levels.
They, as a body, have neglected their duty of sufficient oversight of the vast bureaucracy and overreaching judiciary, all the while being wined and dined by well-heeled lobbyists, securing their cushypost-Congressional gig jobs.
A precious few members call them out- Massie, Paul for example, and they are lambasted.
It’s so sickening. They are overseeing nothing short of the utter destruction of our country.
Well said. Respectfully, Massie and Paul are subservient to DC paymasters as well. Not ripping them, just being real as it is unavoidable in Sodom on Potomac.
Okay, now I rescind ANY good thing I have said about Rand Paul as he is finding a group of senators to oppose Trump and tariffs on behalf of TikTok 'investors' that just gave his PAC $8M. F*ck these people.
Humbled... I don't know them, but observations show that they do pick and choose like most normal people.
That whole town is corrupt and I think they are two of the good guys under a lot of abnormal pressures. I have no doubt they are threatened constantly.
Okay, now I rescind ANY good thing I have said about Rand Paul as he is finding a group of senators to oppose Trump and tariffs on behalf of TikTok 'investors' that just gave his PAC $8M. F*ck these people.
Reduce 2018 rates by 2% in each category and add another bracket between the current 12% and 22% rate bracket. Make it $78,000-120,000 AGI. Pay for this with radical spending cuts, particularly for grants and funding of NGOs and foreign aid. The main goal of this Congress should be balanced budget and zero debt, otherwise we throw them out. America first, baby!
Isn’t your business income the same as your personal income? Can you explain how increasing taxes on higher earners affects small businesses? It would be helpful to understand.
The two aspects of the bill that help S-corp owners is the full deductibility of health insurance expenses, which are quite high for us. The second is the exclusion of 20% of business net income from being taxed. The rest are just the lower brackets. The first two were a godsend.
At the very least the tax cuts should be made permanent.
A better solution would be to lower them even further.
But all of this is dependent on significant reductions in government spending. To reiterate, our country does not have a revenue problem (we are the richest country on the planet) we have an out of control spending problem because of an unaccountable bureaucratic machine that is bankrupting itself.
Until a balanced budget constitutional amendment is ratified we will keep chasing our tails on this fiscal malfeasance.
Who gives a shit Sheryll when ports are closing, stock market is crashing, people are out of work, losing benefits, prices going up and you’re talking about taxes, when he deliberately did this to an economy that was the envy of the world!Wake up! All he had to do was go golf and instead he’s attacking Judges, Universities, snatching people off the streets and sending them to a hell hole country without due process! You’re in the “find out “ phase of #FAFO
He’s an idiot! He’s not saving any money, it’s going to cost us more to fix all the damage he’s done and keeps doing. As we speak ports are shutting down, no one ships coming in and our trading partners don’t want any of our products. Wake up! His tax breaks for the wealthy will add trillions to the debt! You’re in a cult!
The kool aid you're drinking is heavily spiked with dope. If trading partners don't want our products, Tim Cook never got the message.
Your same old song "Tax cuts for the rich" is so tired it passed out years ago.
I know, we're going to guy Medicare and Social Security and push granny in her wheelchair over a cliff. You don't see this is why you lost the last election?
I think you and your hate-America socialist party are beyond any hope.
Evidently you are not familiar with what Biden Obama did to her and her family bot! I bout Tesla at 225 after the Minnesota governor bragged about it…now it’s over 285?
wtf are you talking about? Maga can’t argue facts, you have to go back and play what about BS! Tesla is tanking and it couldn’t happen to a better guy!
Delusional-Dave! Lucifer is the small r ruler of this present world! Things will be made better when that’s no longer true! Envy of the world? Men thinking they are women & vice versa? Humans are created beings! Matter is energy, energy is matter! Nuclear science, Enrico Fermi, physicist! Jesus Christ-holds all matter together, re-educated Saul-by Jesus to apostle Paul! Nothing is more important than accurate understanding the entire significance of these fact’s by any and all people !
I think a fair compromise would be to keep all of the rates where they are today but increase the top rates by 3%. Require this 3% to be use only for debt reduction.
Lowering the debt will lower interest rates and push asset values up. Folks who make over 650,000 a year own assets which will increase.
The extra 3% would go away when a certain debt ratio is achieved.
Higher taxes (tax increases) never improves an economy. That should be off the table. The real issue is the spending by congress never gets cut. Some of the GOP congressmen are even protesting cutting the Green New Deal spending because it will affect their districts. We never reduce, we never eliminate spending because it will lose votes.
We have a $36.2 trillion debt, which is almost 122% of GDP. How much money do you want to borrow from your grandchildren so they are burdened with your debt after you die? Stop cutting taxes. Start cutting spending and pay down the debt first.
Of course every taxpayer wants tax cuts. That should go without saying. With the current federal system, those with access get special attention while the rest of us have to live with the deals made in DC. As a result, each individual taxpayer will be affected differently by any changes in tax law.
What the country really needs to do first is pay down the enormous debt that will kill us if we don't do something soon. Since I'm somewhere in the middle and wouldn't be seriously hurt either way, I would be in favor of letting the Trump cuts expire IF, and only if legislation were added that specified ALL extra revenue coming from the expiration be devoted solely to paying down the national debt.
The next thing that needs to be accomplished is instituting a more fair tax, based on simple principles that can't be fudged to benefit some over others. A national sales tax would be one, but would need exemptions for food and other basic necessities.
However, given the existence of delusional dreamers in both major parties (one more than the other), I don't expect either of these to be done during my lifetime. Don't start hyperventilating over that: since I'm 78, my expected lifetime is likely less than 20 years. But ultimately God will determine when I leave this place.
This entire article is one big abuse of statistics. Sharyl do you understand why?
For starters, your initial summary is misleading and incomplete. Stating an average amount of savings for all taxpayers is ludicrous, given the very wide range in incomes and therefore tax savings.
But much much worse are those ridiculous tables you regurgitate from the Washingtom Examiner. Most folks are going to do exactly what I did initially, which is to just look at the rows and compare the tax percentages between pre-2018 and 2018. Looks good, all but one bracket pays lower taxes. But LOOK AT THE DEFINITION OF THE BRACKETS. Notice how the ranges are significantly changed. For someone like me with our family income, we get moved into a HIGHER tax bracket which actually has a much higher taxation rate.
Yep. As they always say, when Bill Gates walks into a bar, on average everybody in there is a millionaire. Averages are proof you didn't take statistics.
Extend or the middle class dies like the globalists want.
We do not have a revenue problem, we have a spending problem.
Ronaldus cut taxes in the 80's and revenue doubled. Mostly the same with Dubya and Trump 1.
Let the People decide how to spend their money as opposed to government idiots who have no accountability.
Thx for allowing comments, dear.
“We do not have a revenue problem, we have a spending problem.”
Exactly this. Elon Musk is working for ZERO pay, lending his brilliance to identify the gross misuse, overuse and downright irresponsible spending practices our Congressional members have authorized for years, and we can’t even get these so-called public servants to eliminate THAT from the budget.
We can’t get our overlords to at a minimum return to pre-Covid spending levels.
They, as a body, have neglected their duty of sufficient oversight of the vast bureaucracy and overreaching judiciary, all the while being wined and dined by well-heeled lobbyists, securing their cushypost-Congressional gig jobs.
A precious few members call them out- Massie, Paul for example, and they are lambasted.
It’s so sickening. They are overseeing nothing short of the utter destruction of our country.
Well said. Respectfully, Massie and Paul are subservient to DC paymasters as well. Not ripping them, just being real as it is unavoidable in Sodom on Potomac.
I appreciate your thoughts very much! Do you think even they pick and choose about what gets them exorcised, and also rant for clips?
Okay, now I rescind ANY good thing I have said about Rand Paul as he is finding a group of senators to oppose Trump and tariffs on behalf of TikTok 'investors' that just gave his PAC $8M. F*ck these people.
Humbled... I don't know them, but observations show that they do pick and choose like most normal people.
That whole town is corrupt and I think they are two of the good guys under a lot of abnormal pressures. I have no doubt they are threatened constantly.
Okay, now I rescind ANY good thing I have said about Rand Paul as he is finding a group of senators to oppose Trump and tariffs on behalf of TikTok 'investors' that just gave his PAC $8M. F*ck these people.
Taxation is theft.
It is theft whether understood to be theft or not.
It is theft regardless of one's feelings.
It is theft disguised as something non-theft.
If one opposes theft, one must oppose theft. I mean, "taxation."
And all government spending must be frozen immediately and stopped forever..
The new 100% sales tax aka tarriff on stuff we buy that's imported will mostly hurt working class who spend most of what they earn.
Home owners in Blue states suffer badly because valuable homes lost most of their tax deduction. That was a big tax increase!
But Trump's a landlord so he wants more renters, fewer home owners.
At least keep the tax cuts in place. I'm lower middle income and retired so it sure helps me
Reduce 2018 rates by 2% in each category and add another bracket between the current 12% and 22% rate bracket. Make it $78,000-120,000 AGI. Pay for this with radical spending cuts, particularly for grants and funding of NGOs and foreign aid. The main goal of this Congress should be balanced budget and zero debt, otherwise we throw them out. America first, baby!
As a small-business owner, Trump’s original tax bill meant about $20K fewer taxes. If they go up again, it’ll be a catastrophe for my business.
Thank you- I appreciate that explanation.
Isn’t your business income the same as your personal income? Can you explain how increasing taxes on higher earners affects small businesses? It would be helpful to understand.
The two aspects of the bill that help S-corp owners is the full deductibility of health insurance expenses, which are quite high for us. The second is the exclusion of 20% of business net income from being taxed. The rest are just the lower brackets. The first two were a godsend.
At the very least the tax cuts should be made permanent.
A better solution would be to lower them even further.
But all of this is dependent on significant reductions in government spending. To reiterate, our country does not have a revenue problem (we are the richest country on the planet) we have an out of control spending problem because of an unaccountable bureaucratic machine that is bankrupting itself.
Until a balanced budget constitutional amendment is ratified we will keep chasing our tails on this fiscal malfeasance.
Who gives a shit Sheryll when ports are closing, stock market is crashing, people are out of work, losing benefits, prices going up and you’re talking about taxes, when he deliberately did this to an economy that was the envy of the world!Wake up! All he had to do was go golf and instead he’s attacking Judges, Universities, snatching people off the streets and sending them to a hell hole country without due process! You’re in the “find out “ phase of #FAFO
If Trump doesn't make the tough decisions, who's going to pay your fair share of the debt, princess?
He’s an idiot! He’s not saving any money, it’s going to cost us more to fix all the damage he’s done and keeps doing. As we speak ports are shutting down, no one ships coming in and our trading partners don’t want any of our products. Wake up! His tax breaks for the wealthy will add trillions to the debt! You’re in a cult!
The kool aid you're drinking is heavily spiked with dope. If trading partners don't want our products, Tim Cook never got the message.
Your same old song "Tax cuts for the rich" is so tired it passed out years ago.
I know, we're going to guy Medicare and Social Security and push granny in her wheelchair over a cliff. You don't see this is why you lost the last election?
I think you and your hate-America socialist party are beyond any hope.
Evidently you are not familiar with what Biden Obama did to her and her family bot! I bout Tesla at 225 after the Minnesota governor bragged about it…now it’s over 285?
wtf are you talking about? Maga can’t argue facts, you have to go back and play what about BS! Tesla is tanking and it couldn’t happen to a better guy!
Google is a Search Engine designed by a few students on the west coast of Australia opps America…then type in what I told you too
If you buy low, sell high you make money you see
Like Tim bragging Tesla is dropping at $225 a share gleefully but today Tesla just topped $289 a share…that’s 64% increase
Facts are tens of thousands of gang bangers, dope dealers, child rapists and murderers are no longer here.....and you would like them back?
LOL I take it you support Hamas. Most Americans don't.
Delusional-Dave! Lucifer is the small r ruler of this present world! Things will be made better when that’s no longer true! Envy of the world? Men thinking they are women & vice versa? Humans are created beings! Matter is energy, energy is matter! Nuclear science, Enrico Fermi, physicist! Jesus Christ-holds all matter together, re-educated Saul-by Jesus to apostle Paul! Nothing is more important than accurate understanding the entire significance of these fact’s by any and all people !
I think a fair compromise would be to keep all of the rates where they are today but increase the top rates by 3%. Require this 3% to be use only for debt reduction.
Lowering the debt will lower interest rates and push asset values up. Folks who make over 650,000 a year own assets which will increase.
The extra 3% would go away when a certain debt ratio is achieved.
How will this affect investment in jobs and small business owners?
Compared to what? How else are we going to lower the debt and lower interest rates?
We really need an Article V Constitutional Convention.
Term Limits
Balanced Budget
Spending Cuts
Sunset laws after 5 years and re-up and revote if desired
Extend!
Higher taxes (tax increases) never improves an economy. That should be off the table. The real issue is the spending by congress never gets cut. Some of the GOP congressmen are even protesting cutting the Green New Deal spending because it will affect their districts. We never reduce, we never eliminate spending because it will lose votes.
We have a $36.2 trillion debt, which is almost 122% of GDP. How much money do you want to borrow from your grandchildren so they are burdened with your debt after you die? Stop cutting taxes. Start cutting spending and pay down the debt first.
Of course every taxpayer wants tax cuts. That should go without saying. With the current federal system, those with access get special attention while the rest of us have to live with the deals made in DC. As a result, each individual taxpayer will be affected differently by any changes in tax law.
What the country really needs to do first is pay down the enormous debt that will kill us if we don't do something soon. Since I'm somewhere in the middle and wouldn't be seriously hurt either way, I would be in favor of letting the Trump cuts expire IF, and only if legislation were added that specified ALL extra revenue coming from the expiration be devoted solely to paying down the national debt.
The next thing that needs to be accomplished is instituting a more fair tax, based on simple principles that can't be fudged to benefit some over others. A national sales tax would be one, but would need exemptions for food and other basic necessities.
However, given the existence of delusional dreamers in both major parties (one more than the other), I don't expect either of these to be done during my lifetime. Don't start hyperventilating over that: since I'm 78, my expected lifetime is likely less than 20 years. But ultimately God will determine when I leave this place.
This entire article is one big abuse of statistics. Sharyl do you understand why?
For starters, your initial summary is misleading and incomplete. Stating an average amount of savings for all taxpayers is ludicrous, given the very wide range in incomes and therefore tax savings.
But much much worse are those ridiculous tables you regurgitate from the Washingtom Examiner. Most folks are going to do exactly what I did initially, which is to just look at the rows and compare the tax percentages between pre-2018 and 2018. Looks good, all but one bracket pays lower taxes. But LOOK AT THE DEFINITION OF THE BRACKETS. Notice how the ranges are significantly changed. For someone like me with our family income, we get moved into a HIGHER tax bracket which actually has a much higher taxation rate.
Yep. As they always say, when Bill Gates walks into a bar, on average everybody in there is a millionaire. Averages are proof you didn't take statistics.