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5 Reasons to Make the Trump Tax Cut Permanent

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Posted By: ladydawgfan, 5/28/2024 3:32:48 PM

No issue defines the diametrically opposite economic philosophies of Joe Biden and Donald Trump than their position on the Trump tax cuts. Trump wants to make those tax cuts permanent; Biden has repeatedly promised to tax America back to prosperity by repealing the Tax Cuts and Jobs Act. But there are so many factual errors swirling around regarding the Trump tax cuts that it's a wonder that the "truth screeners" on the internet haven't flagged this all as "disinformation." So, as a public service I will help do their job for them and review "just the facts, ma'am," using the official government data,

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President Trump is s businessman. Dementia Joe is a lifelong political hack that has been wrong about EVERYTHING his whole pathetic life!!

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Reply 1 - Posted by: Starboard_side 5/28/2024 4:00:27 PM (No. 1726694)
Making them permanent would be nice, but they should increase the SALT to $25,000. It would be an amount that would benefit more without being viewed as a "giveaway to the rich" which is how Democrats would frame anything too much higher. No need to use income limits, just the increase from $10,000 to $25,000 since it would be permanent. I'm sure there would be many Democrats in states like CA, NY, NJ and others that would support such an increased amount.
4 people like this.

Reply 2 - Posted by: DVC 5/28/2024 5:09:22 PM (No. 1726727)
Re #1, I disagree. The SALT deduction encourages states to increase taxes on their residents. We should not encourage that behavior. If your state has high taxes you should FEEL THEM and then maybe you'll push back against the tax increasing politicians to reduce your tax burden.
8 people like this.

Reply 3 - Posted by: caljeepgirl 5/28/2024 7:06:29 PM (No. 1726792)
Fingers crossed.....will likely be pretty much a done deal.
4 people like this.

Reply 4 - Posted by: Clinger 5/29/2024 7:46:10 AM (No. 1727023)
We have been on the downward tax revenue side of the Laffer curve for so long I don't think anybody knows how far taxes could be cut and still result in increased tax collections. Obama was once asked a hypothetical and he responded that he would still increase taxes even if it reduced the flow of funds to government as long as it resulted in more equity. If the Trump tax cuts are retired a whole lot of people who think those were for "the rich" are going to find otherwise when their taxes go up.
5 people like this.

Reply 5 - Posted by: Strike3 5/29/2024 7:47:22 AM (No. 1727025)
The overlying single reason is that the government, through the IRS, is screwing us through the tax system so they can give away and/or waste trillions of dollars on preferred parasites all over the world and dig us into unrecoverable debt while doing so.
6 people like this.

Reply 6 - Posted by: Zigrid 5/29/2024 9:04:07 AM (No. 1727074)
Here are the reasons to make the Trump tax cuts permanent....eggs...butter...beef...milk...cereal.....coffee and tea...etc.
4 people like this.

Reply 7 - Posted by: franq 5/29/2024 9:07:10 AM (No. 1727076)
A bandaid. Congress can't, make that WON'T, pass a budget. Spending programs and money printing are a juggernaut. The rich will do fine.
3 people like this.

Reply 8 - Posted by: thefield 5/29/2024 6:36:58 PM (No. 1727390)
Only two reasons that count. 1. Son's money. 2. My money.
0 people like this.

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