Trump to Deliver One of Biggest Tax Cuts Since Reagan

tay

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White House Says Cutting Meals on Wheels Is ‘Compassionate’


President Trump’s new budget would increase defense spending by $54 billion — while slashing funding for medical research, climate science, public housing, education, aid to the indigent, infrastructure, and many, many other things.

On Thursday morning, the White House’s budget director Mick Mulvaney explained that these changes were inspired by one, simple question: “Can we ask the taxpayer to pay for this?”

When you start looking at places that we reduce spending, one of the questions we asked was, can we really continue to ask a coal miner in West Virginia or a single mom in Detroit to pay for these programs? The answer was no,” Mulvaney said. “We can ask them to pay for defense, and we will, but we can’t ask them to continue to pay for the Corporation for Public Broadcasting.”

This was a bizarre defense of the Trump budget for several reasons. To name just three:


(1) The U.S. already spends more more on its military than China, Russia, Saudi Arabia, the United Kingdom, France, India, and Germany — combined. By contrast, America spends far less than its peers (per capita) on many of the initiatives that the Trump’s budget cuts.

(2) Trump’s proposal cuts many programs that are more intuitively valuable to coal miners in West Virginia — and single mothers in Detroit — than a 10 percent increase in defense spending. The president’s budget cuts funding for early-childhood education, public housing, transit, food assistance, and job training — all programs that disproportionately benefit single mothers in cities with low median incomes. And it also abolishes the Appalachian Regional Commission and Rural Business-Cooperative Service, while shrinking the Labor Department — all moves that disadvantage coal miners.

(3) If the White House feels bad about taking money from coal miners and single mothers, then why is one of its top priorities to pass an enormous, regressive tax cut?

“Just to follow-up on that, you were talking about the steel worker in Ohio, coal worker in Pennsylvania, but they may have an elderly mother who depends on the Meals on Wheels program or who may have kids in Head Start,” Acosta said. “Yesterday, or the day before, you described this as a hard-power budget. Is it also a hard-hearted budget?”

“No, I don’t think so,” Mulvaney replied. “I think it’s probably one of the most compassionate things we can do.”

“To cut programs that help the elderly and kids?” Acosta asked, incredulously.

White House Says Cutting Meals on Wheels Is
 

TenPenny

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Jun 9, 2004
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mr carbon tax untruedoh! did tax cuts???

Do Tax Cuts Increase Government Revenue?

https://www.forbes.com/sites/mikepa...uts-increase-government-revenue/#552e1a4b4bf2

the answer is YES they do

the problem is so many commantatoes don't have much knowledge about whence they speak, but do have the right to comment anyway
;)

now to wait for obomba's little brownies to drop in
muahahahahahahah


Is that adjusted for inflation?
 

Danbones

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Sep 23, 2015
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you missed the tax return of trumps the other day?
no you saw it
;)
effe you are dumb...or full of it...or both
 

Curious Cdn

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Donald Trump will propose one of the biggest tax cuts since the days of Ronald Reagan in a new economic blueprint to be unveiled next week, according to an adviser to the Republican presidential candidate.

Trump will reiterate his plan to cut the corporate tax rate to 15 percent, Heritage Foundation chief economist Stephen Moore said Friday in an interview with Bloomberg Television. At the same time, Trump has managed to whittle down the cost in terms of lost tax revenue by about two-thirds, to $3 trillion, he said, without specifying a timeline.

“If you’re a working-class American, there’s no question that an agenda that cuts taxes, that gets rids of regulations, redoes some of these trade deals in ways that are pro-America, is going to help,” said Moore, who was named Friday to Trump’s team of economic advisers. Other members include financiers John Paulson and Andy Beal and economists David Malpass and Peter Navarro.


mo


Trump to Deliver One of Biggest Tax Cuts Since Reagan, Aide Says - Bloomberg Politics

That's suuure gonna help the struggling Middle Class that voted for him, in desperation, for help.

When do the poor sods figure out that they've all been had? Giving money to the rich does NOT make America great, again. It kills off what's left of what made America great in the first place.
 

Bar Sinister

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Jan 17, 2010
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That statement on it's own means absolutely nothing. New Jersey for example pay horrendous property taxes.

So do most Americans. The money has to come from somewhere. As for income tax more Americans would pay if their average wages were not so dismal.
 

JLM

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Nov 27, 2008
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So do most Americans. The money has to come from somewhere. As for income tax more Americans would pay if their average wages were not so dismal.


How does the buying power of minimum wage Americans compare to the buying power of minimum wage Canadians?
 

captain morgan

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Mar 28, 2009
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That's suuure gonna help the struggling Middle Class that voted for him, in desperation, for help.

When do the poor sods figure out that they've all been had? Giving money to the rich does NOT make America great, again. It kills off what's left of what made America great in the first place.

Giving money to the rich?

... I can see that switching to the public education system in Que really paid-off in spades

Until we hear one more figure, this chart is absolutely useless! How much tax is the lowest 20% paying now?

Bingo!
 

darkbeaver

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Jan 26, 2006
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That's suuure gonna help the struggling Middle Class that voted for him, in desperation, for help.

When do the poor sods figure out that they've all been had? Giving money to the rich does NOT make America great, again. It kills off what's left of what made America great in the first place.

Giving money the the rich is what middle class Americans are employed for.