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progree

(12,119 posts)

4. including a change in the accounting baseline that will allow trillions of dollars worth of deficit additions coming fro

Reply to BumRushDaShow (Original post)

Thu Jun 12, 2025, 03:25 PM

Jun 12

including a change in the accounting baseline that will allow trillions of dollars worth of deficit additions coming from the extension of previous tax cuts to be ignored.

Hmmm. I will have to read about that when I have a bit more time. Is this the Republican crap that tax cuts don't increase deficits (and even lower them) because the wealthy have more incentive to work harder growing their businesses because they keep more of their money when taxes are lowered or something?

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Highlight:

Republicans lay groundwork for 'total tax cliff' at end of Trump's term [View all] BumRushDaShow Jun 12 OP

Heaven forbid they ever expire any wealthy tax cuts IbogaProject Jun 12 #1

That is the solution. To rollback the Reagan tax cuts back to the 75% or 90% to Make America Great Again LiberalArkie Jun 12 #2

Got my vote! One day we will do it, because THERE IS NO OTHER CHOICE! Grins Jun 12 #13

We should ignore rulings that are not Baitball Blogger Jun 12 #3

including a change in the accounting baseline that will allow trillions of dollars worth of deficit additions coming fro progree Jun 12 #4

Senate Budget Committee Ranking Member Jeff Merkley explains it here BumRushDaShow Jun 12 #5

Thanks much for the explanation. The first paragraph of your link is a greatsummary progree Jun 12 #6

Yeah I remember when Thune first brought it up BumRushDaShow Jun 12 #7

Half of the bill's passthrough deduction alone, worth $200 B in 2022 alone, went to the top 1 percent progree Jun 12 #8

I have another OP about the CBO report that issued today BumRushDaShow Jun 12 #9

Very interesting. Thanks /nt progree Jun 12 #11

"AGI results in more of their Social Security benefits being taxed" BumRushDaShow Jun 12 #10

Aw well. But its nice to know that income taxation of SS benefits goes into the SS system, not the general fund progree Jun 12 #12