Trump turns to outlandish promises to offset $7 trillion in tax cuts

12 comments

1. >Trump also insisted that a new round of tax cuts would lower the debt — a claim disputed by most mainstream economists, and undermined by the actual budgetary effects of the tax cut he signed into law during his administration.

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   >As a candidate in 2016, **Trump promised not just to reduce the deficit — the annual gap between spending and revenue — but to eradicate the nation’s outstanding debt balance** over eight years, which at the time he was sworn in was roughly $20 trillion. **Instead, the debt jumped to roughly $28 trillion by the time he left, a 40 percent increase.** Bipartisan spending deals during the pandemic accounted for most of the rise, but the budget was also strained by Trump’s $2 trillion tax cut and pre-pandemic increases in overall government spending.

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   >Trump is proposing $10 trillion in tax cuts over the decade and looking to pay for it with grandstanding and gimmicks that will save little money,” said Brian Riedl, senior fellow at the Manhattan Institute, a center-right think tank.

2. More like add to the deficit. Blah blah blah tax cuts

3. Just more nonsensical bullshit from a lifetime grifting con artist

4. Any article I read is written by liberal arts journalist majors and liberal economists who all have a severe case of TDS.

5. The plan to have the department of government efficiency being headed with the bozo that he included as the failed economy advisor

   And now claiming reduced government revenue will cut deficits.

   his platform just spewing shit people wants to hear without any substance.

6. Little surprised to see WaPo calling him out on it after Bezos bought them. It’s been funny to seem them going on about “Democracy Dies In the Darkness” when they’re owned by a billionaire and spent the last 8 years carrying water for Trump & the GOP like every other major news outlet.

7. Why are news outlets just not calling it lies?

8. Well, the current overtaxation and over spending isn’t working so maybe tax less and budget better. I’d prefer this over taxing unrealized gains

9. **trump is a habitual liar**. When he says “people are saying” it means *”I’m making shit up”.* If you assume everything he says is a lie, you would be correct 99.9% of the time. 💰

10. He does this to stir the pot, bc he knows it will get the press and everyone else riled up. Dude couldnt even payoff an escort for 25K how the hell will he manage 7 fucking trillion dollars?

11. He doesn’t lie anymore than democrats do. All politicians promise easy living.
    Get real.

12. Doesn’t matter if he’s lying or not- it’s majority designed for the 1% anyway. That’s the key point to keep hammering home.