Page 1 of 2 12 LastLast
Results 1 to 15 of 22

Thread: Tax receipts UP

Hybrid View

  1. #1

    Default Tax receipts UP

    Up 1.8 % for the year. Deficits are huge. Spending is way too high. House Dems...get to work and make some cuts!
    https://apnews.com/ab14555ea31b4674a1a7f6e412d5db67

    160 billion surplus for the month. 1.8% year over year increase in receipts 7.6% year over year increase in spending

    It's a spending problem.


  2. #2

    Default

    Republicans have the veto and senate majority to stop any spending increases. Stop excusing them and pointing exclusively at Ds.

  3. #3

    Default

    Quote Originally Posted by GopherJake View Post
    Republicans have the veto and senate majority to stop any spending increases. Stop excusing them and pointing exclusively at Ds.
    Both stink. Dems stink worse. The Rs were blamed by you and others here for two years- now it comes back around. The fact is, Congress is corrupt and I am extremely grateful that a party crasher like Trump is in office to shake things up in this country. What a mess our so called representatives are.

    By the way - as to future proposals: Free college? Free health care? Reparations? Where does that money come from? All Dem proposals.

    On the Trump side- a two trillion infrastructure deal- we can't afford that either unless it is paid for by cuts elsewhere. Of course Dems readily agree to that one.

  4. #4

    Default Tax receipts UP

    Quote Originally Posted by bga1 View Post
    Both stink. Dems stink worse. The Rs were blamed by you and others here for two years- now it comes back around.
    No, it doesnít. They still have the senate and the veto. There has been no change in responsibility. If Rs wanted to cut spending, the have all the power.

  5. #5

    Default

    Quote Originally Posted by GopherJake View Post
    No, it doesn’t. They still have the senate and the veto. There has been no change in responsibility. If Rs wanted to cut spending, the have all the power.
    Right, because the media always blames the government shutdowns on the Dems and you always love those shutdowns. I forgot.

  6. #6

    Default

    Quote Originally Posted by bga1 View Post
    Right, because the media always blames the government shutdowns on the Dems and you always love those shutdowns. I forgot.
    Media reaction has nothing to do with who has the power to put the brakes on spending. Itís the Rs right now and itís not debatable. It takes both parties to increase right now, but only one to decrease.

  7. #7
    Join Date
    Nov 2014
    Posts
    2,862
    Blog Entries
    1

    Default

    Trump and a GOP Congress increased spending and lowered revenue. Yet you blame the Ds.

    Sad.

  8. #8

    Default

    Quote Originally Posted by bga1 View Post
    Up 1.8 % for the year. Deficits are huge. Spending is way too high. House Dems...get to work and make some cuts!
    https://apnews.com/ab14555ea31b4674a1a7f6e412d5db67

    160 billion surplus for the month. 1.8% year over year increase in receipts 7.6% year over year increase in spending

    It's a spending problem.
    Year-over-year inflation, as of April 2019, is 2.0%. In other words, nominal tax revenue is up, as it has been virtually every year (if not literally every year) since the founding of the country. But real tax revenue, when taking inflation into account, is DOWN. You have been educated on this many, many times, and yet continue to be dishonest. "I am surprised that bga1 is distorting the truth to paint Republicans in a favorable light," said no one ever.

  9. #9

    Default

    Quote Originally Posted by dpodoll68 View Post
    Year-over-year inflation, as of April 2019, is 2.0%. In other words, nominal tax revenue is up, as it has been virtually every year (if not literally every year) since the founding of the country. But real tax revenue, when taking inflation into account, is DOWN. You have been educated on this many, many times, and yet continue to be dishonest. "I am surprised that bga1 is distorting the truth to paint Republicans in a favorable light," said no one ever.
    Nice bit of goal post moving there. A year ago we were going to take a catastrophic revenue hit because of the tax cuts- now we are talking about "real tax revenue". Because you care? Nope. Because Orangeman bad- must hate everything Trump does? Yep. You personally would be carving a statue if Obama was posting these results. Tax cuts are just beginning to work. Barring an external disaster, like the Dems taking more seats, the economy will continue to soar and people will have jobs and pay more taxes. Pretty cool watching America be great again. Don't miss it!

  10. #10

    Default

    Quote Originally Posted by bga1 View Post
    Nice bit of goal post moving there. A year ago we were going to take a catastrophic revenue hit because of the tax cuts- now we are talking about "real tax revenue". Because you care? Nope. Because Orangeman bad- must hate everything Trump does? Yep. You personally would be carving a statue if Obama was posting these results. Tax cuts are just beginning to work. Barring an external disaster, like the Dems taking more seats, the economy will continue to soar and people will have jobs and pay more taxes. Pretty cool watching America be great again. Don't miss it!
    This is the first time I've ever commented on your nonsense about tax revenues, so it would be impossible to move nonexistent goal posts. I don't particularly care that much either way, it's just factually incorrect to say that tax revenue is up in terms of real dollars, which is an actual thing and not something to put scare quotes around. You keep posting this and exhibiting that you don't understand basic economics while being purposely deceitful to textually fellate Trump at every opportunity.

  11. #11

    Default

    Quote Originally Posted by bga1 View Post
    Nice bit of goal post moving there. A year ago we were going to take a catastrophic revenue hit because of the tax cuts- now we are talking about "real tax revenue". Because you care? Nope. Because Orangeman bad- must hate everything Trump does? Yep. You personally would be carving a statue if Obama was posting these results. Tax cuts are just beginning to work. Barring an external disaster, like the Dems taking more seats, the economy will continue to soar and people will have jobs and pay more taxes. Pretty cool watching America be great again. Don't miss it!
    Is Trump F'ing the economy with his trade war an external disaster or just a republican disaster?
    Who hates iowa?

  12. #12

    Default

    Quote Originally Posted by bga1 View Post
    Up 1.8 % for the year. Deficits are huge. Spending is way too high. House Dems...get to work and make some cuts!
    https://apnews.com/ab14555ea31b4674a1a7f6e412d5db67

    160 billion surplus for the month. 1.8% year over year increase in receipts 7.6% year over year increase in spending

    It's a spending problem
    .
    You are talking about an Rs budget and a Trump budget genius.
    Who hates iowa?

  13. #13
    Join Date
    Nov 2011
    Posts
    6,089
    Blog Entries
    1

    Default

    Tax receipts are only up because of Tariffs. Otherwise, they would be down. So, there is some good news in the Tarriffs.
    You can call me Shirley. The "S" has to stand for something!

  14. #14

    Default

    Quote Originally Posted by Dean S View Post
    Tax receipts are only up because of Tariffs. Otherwise, they would be down. So, there is some good news in the Tarriffs.
    False. A look at the April US Treasury report is as follows:

    Individual income tax + 6 billion year over year
    Corporate tax (-) 8 billion year over year
    Soc security taxes + 30 billion year over year.

    Here's how this works- cut the corporate tax rate- lose almost no revenue. Corporations invest more and hire more- causing more employment.
    With more employment basic withholding goes way up.
    The affects of the tax cuts are just beginning as there is a lag with such legislation. Tax receipts will continue to rise barring an unrelated event/crisis.

    The problem is and always has been, too much spending. We must cut back on social programs incrementally and decrease the size of government.

  15. #15
    Join Date
    Nov 2014
    Posts
    2,862
    Blog Entries
    1

    Default

    Quote Originally Posted by bga1 View Post
    False. A look at the April US Treasury report is as follows:

    Individual income tax + 6 billion year over year
    Corporate tax (-) 8 billion year over year
    Soc security taxes + 30 billion year over year.

    Here's how this works- cut the corporate tax rate- lose almost no revenue. Corporations invest more and hire more- causing more employment.
    With more employment basic withholding goes way up.
    The affects of the tax cuts are just beginning as there is a lag with such legislation. Tax receipts will continue to rise barring an unrelated event/crisis.

    The problem is and always has been, too much spending. We must cut back on social programs incrementally and decrease the size of government.
    Looney Toon.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •