11-27-2024, 03:28 PM
(This post was last modified: 11-27-2024, 10:06 PM by NotJoeBiden.)
(11-23-2024, 11:31 PM)Ares Wrote: Nah, you just need to cut spending across the board. You could probably cut the Federal government by 50% and most people would not even notice. The government is worse than Twitter where Musk cut jobs by 80% and it is functioning better than before.
Twitter’s value has dropped 80% since Elon took over. It is now a bot-driven cesspool.
(11-23-2024, 11:31 PM)Ares Wrote: I have worked for the government for a year and 90% of the people I worked with were not needed.
This sounds like a self report.
(11-23-2024, 11:31 PM)Ares Wrote: Raising taxes is always a bad idea.
Trump’s tariffs will effectively be a sales tax that consumers have to pay.
(11-27-2024, 12:37 AM)LevelUP Wrote:(11-24-2024, 09:33 PM)Ares Wrote: I agree the numbers need to add up so cut away.
Downsizing the Federal Government
Here are most of the tax cut proposals we know so far:
We might see higher tariffs used to help pay for some of these tax cuts, though they won’t come close to covering the full cost. If spending cuts or other tax increases don’t offset the tax cuts, the changes will likely be temporary, expiring in about eight years—just like before.
- Extension of TCJA Provisions (previous tax cuts from 2017)
- Exempting Tips from Taxation
- No Tax on Overtime Pay
- Exempting Social Security Benefits
- Lower Corporate Tax Rate (15% from 21%)
- Deduction for Auto Loan Interest
Musk and Ramaswamy say DOGE will target $500 billion in spending. Here's where they say they'll cut.
https://www.cbsnews.com/news/musk-ramasw...-will-cut/
Cutting all the new programs added during 2020–2021 would significantly help curb spending. However, it’s not feasible to cut $2 billion in yearly spending solely through the reconciliation process.
Tariffs will effectively be a regressive tax to fund these tax cuts. Trump has shown he has no problem driving record high deficits like he did in 2020. He doesn’t care about balancing the budget, and so far he clearly has no plan to do so as you point out. DOGE isn’t going to make a dent.
Also, does it not seem inefficient to spend tax dollars to create a brand new government department redundant to the Government Accountability Office and then hire 2 people to run it?