2024 US Presidential Election

[zorg1000]

sundin13 said:

BFR said:

Thank you Zorg, for leading to the bankruptcy of the USA.  God help us all.

To put the costs into perspective: 

Trump's tax cuts (primarily for the wealthy) cost the country somewhere in the ballpark of $2tril. Extending those tax cuts could cost upward of $4tril over the next decade. Adding the additional tax cuts he has proposed would bring that up to around $7tril.

Zorg just proposed about $2tril in spending and about $0.65tril in tax cuts.

Yeah and it’s not like the American Families Plan, where I took most of these proposals and amounts from, didn’t also include various taxes to pay for these.

Things like raising the top income tax bracket back to 39.6%, taxing capital gains at the same rate as income and raising the corporate tax rate to 28% as examples.

Also it’s not like these amounts are etched it stone either, even if done through reconciliation with just democrats, there will inevitably be haggling over things like price and what provisions are included. Might as well start high so even a smaller bill is still pretty substantial.