THE TRUMP 2024 THREAD

[Box Ox]

https://twitter.com/i/web/status/1912532938828521811

Yessssss, debt pile to the moon! Let's do this thing!

 

[nWo]

Who cares about the national debt? The bill is big and beautiful.

 

[newfie]

It's actually South Africa's Economic Freedom Fighters party leader Julius Malema in those video clips. The EFF are communists, which isn't surprising.

Julius Malema - Wikipedia

en.wikipedia.org

Economic Freedom Fighters - Wikipedia

en.wikipedia.org

whats alarming is they filled up a stadium with like minded individuals . thats not a small thing

 

[newfie]

https://twitter.com/i/web/status/1912532938828521811

see i just dont trust budget estimates most have been wrong or they are manipulated to make a specific argument.
shine a turd as they will do depending on whether they are for the new plan or against it.
show me what we are spending for each section and then what we plan to spend for each section.
show me what the total spend will be this year and each year for the next 10 years.
they cant do it because they dont have those numbers yet but they will still give us estimates as if they do have those numbers.

 

[nWo]

According to the Tax Policy Center 37% of tipped workers already don't pay federal income taxes. Their income is too low.

 

[Thebrownblob]

According to the Tax Policy Center 37% of tipped workers already don't pay federal income taxes. Their income is too low.

I’m sure the other 63% will be happy though.

 

[Thebrownblob]

see i just dont trust budget estimates most have been wrong or they are manipulated to make a specific argument.
shine a turd as they will do depending on whether they are for the new plan or against it.
show me what we are spending for each section and then what we plan to spend for each section.
show me what the total spend will be this year and each year for the next 10 years.
they cant do it because they dont have those numbers yet but they will still give us estimates as if they do have those numbers.

Well, the only thing you can do is estimate, but when you give politicians the ability to use that much money, they rarely say no.

 

[newfie]

Well, the only thing you can do is estimate, but when you give politicians the ability to use that much monepoly, they rarely say no.

thats the problem . there is no accountability with the process. politicians can use smoke and mirrors and spin numbers and no one knows whether its right or wrong. Even the budget committees get it wrong which does not help.

 

[vantexan]

IRS cut staff over the years so they wouldnt go after the rich.

Where have you been? The IRS hired more than 80,000 agents under Biden.

 

[vantexan]

The 'Big, Beautiful Bill' Will "Massively" Increase Near-Term Deficits, Add $5 Trillion In Debt​

Late last week, the Joint Committee on Taxation (JCT) released its preliminary score of the House Ways and Means Committee mark-up of the large budget reconciliation bill working its way through Congress, also known as Trump's "Big, Beautiful Bill" (BBB). And while the BBB is inching to passing through Congress - despite holdouts still remaining especially over the size of the SALT deduction - here is a snapshot of what is in the Bill, and how it will affect the US in the coming decade.

We start with a look at the fiscal policy focus of the BBB: Republicans' slim majority and their use of the budget reconciliation process are key influences on the composition of the fiscal policy-related legislation. That said, extending the expiring provisions of the TCJA should have sufficient support within the party for enactment. Additional tax cuts, such as a domestic manufacturing credit and not taxing tips, will be facilitated by the political viability of sufficient “pay-fors”. This will likely include watered-down versions of proposed IRA tax credit phase-outs and cuts to social spending programs.

So how does one quantify the impact of the BBB: as a reminder, the Ways and Means Committee is responsible for writing the main tax code portion of the bill. Relative to the CBO’s January 2025 baseline, the JCT estimated the mark up to increase deficits by $3.8trn over the next 10 years, with most of the deficit increase ($2.2trn) occurring over the next five years. Indeed, breaking the bill down even further, of the $1.9trn of total savings identified in the mark up, the majority ($1.2trn) is realized over the back half of the 10-year budget window.

Wasn't the same thing said about the Trump tax cuts during his first term? Didn't they actually increase revenue but the problem was with the spending?

 

[Thebrownblob]

Wasn't the same thing said about the Trump tax cuts during his first term? Didn't they actually increase revenue but the problem was with the spending?

Spending and then went off the rails with Covid spending

 

[vantexan]

they are now

Now wouldn't that be ironic if Trump got millions of white South Africans here, got them on the path to citizenship, and they tipped the balance in elections to Republican?

 

[newfie]

Where have you been? The IRS hired more than 80,000 agents under Biden.

with the intent of collecting taxes on that tip money

 

[newfie]

Now wouldn't that be ironic if Trump got millions of white South Africans here, got them on the path to citizenship, and they tipped the balance in elections to Republican?

thats what Obama did with Minneapolis to turn Minnesota .

 

[vantexan]

thats what Obama did with Minneapolis to turn Minnesota .

And what Biden was trying to do letting so many millions in.

 

[nWo]

Where have you been? The IRS hired more than 80,000 agents under Biden.

That didn't happen.

 

[BrownFlush]

whats alarming is they filled up a stadium with like minded individuals . thats not a small thing

 

[newfie]

That didn't happen.

hiring went from 79000 total irs in 2021 to 100000 in 2024. which is over a 25 percent increase in staffing in a time when automaton should have allowed them to reduce the workforce.