New Democrat Plan To Tax The Rich, Taxing Assets. Will It Work?

[bacha29]

Can't change the law? Democrats are the only ones that can fix the spending problem. If Republicans do it, that is starving children and killing old folk.

So Head Start, Meals On Wheels and school lunch programs are the key areas where you want cuts?

 

[Up In Smoke]

Dems didn't cut a thing? Why not? They had total control and spent even more?

The tax cut and jobs act had a 5.5 trillion dollar price tag. Spread equally over ten years, leaving a 550 billion dollar per year hole. Just remember that when looking at current spending levels.

 

[Wally]

So Head Start, Meals On Wheels and school lunch programs are the key areas where you want cuts?

No waste there?

We can't even spend the same amount in the next year. That is "slashing" spending.

 

[oldngray]

No waste there?

We can't even spend the same amount in the next year. That is "slashing" spending.

Once a program starts feeding off the government money tree it can never have its funding cut. No matter how bloated it has become. There are a lot that do deserve all that money but there are many more that are just wasted money.

 

[Wally]

Once a program starts feeding off the government money tree it can never have its funding cut. No matter how bloated it has become. There are a lot that do deserve all that money but there are many more that are just wasted money.

Head Start. Do we even know if the program is working? We've been dumping money into it for decades.

 

[Fred's Myth]

Crazy Joe blowing hot air once again. You know it's fake when he waits until there is no chance of passing.

Biden is yet again proposing a minimum tax on billionaires, this time raising it to 25%. But the real challenge will be to get it past Congress.

Biden is calling for a minimum tax rate of 25% on billionaires and a 39.6% capital gains tax in his proposal for the fiscal 2024 budget.

www.businessinsider.com

But do it contain an exception for Reparations? Dem black folk gonna be upset when the gummint take they share of the prize!

 

[oldngray]

Head Start. Do we even know if the program is working? We've been dumping money into it for decades.

Sounded like a good idea when it started but ended up another failure of LBJ's Great Society.

 

[bacha29]

Head Start. Do we even know if the program is working? We've been dumping money into it for decades.

According to an independent study done by the Brookings Institute Head Start has improved childhood literacy and increased high school graduation rates .Got something that says differently....let's see it.

 

[bacha29]

The tax cut and jobs act had a 5.5 trillion dollar price tag. Spread equally over ten years, leaving a 550 billion dollar per year hole. Just remember that when looking at current spending levels.

And are those projections remaining true and consistent with those claims?

 

[Up In Smoke]

It's hard to quantify having lost so many jobs in 2020. Revenues only began to show improvement in late 2021 and through 22.

 

[Wally]

It's hard to quantify having lost so many jobs in 2020. Revenues only began to show improvement in late 2021 and through 22.

None lost in government.

 

[Thebrownblob]

None lost in government.

Shockingly no matter which party is in control

 

[Up In Smoke]

2020 being a census year, the government actually hired tens of thousands of employees

None lost in government.

 

[qdg2]

According to an independent study done by the Brookings Institute Head Start has improved childhood literacy and increased high school graduation rates .Got something that says differently....let's see it.

Except the Brookings Institute is a far left commie/socialist organization.

Now please tell us more.

And no the info cannot be trusted as true or fact. And yes it makes a big difference in where it came from.

 

[Up In Smoke]

2016- 23.6 mil government employees. 2020 and today 23.7 mil

None lost in government.

 

[Wally]

Except the Brookings Institute is a far left commie/socialist organization.

Now please tell us more.

And no the info cannot be trusted as true or fact. And yes it makes a big difference in where it came from.

What are the numbers? Improvement vs total cost per kiddy? Maybe it's not worth the cost?

 

[oldngray]

What are the numbers? How many vs total coat per kiddy? Maybe it's not worth the cost?

Head Start mutated from an early reading program to an attempt to end poverty and that is where it completely failed. No matter how much money they threw at it.

 

[vantexan]

What are you talking about, The prop0sed Trump budgets all contained deficit spending which in turn was rolled over year after year to the national debt. The GOP which is an all symbolism party promotes itself as responsible public guardians of the public coffers ignored credible projections from qualified sources that the tax cuts would in fact add to the national overall debt.

The only debt the GOP had was to the wealthy donors who bankrolled their campaigns and demanded a return on their investment.

You're not getting it. The tax cuts resulted in more economic activity that brought in more revenue than before. But they also spent more. It was a spending issue that created more debt as they printed money to pay for the excess spending. And who are these wealthy donors that only contribute to the GOP? The Dems are in bed with Wall Street and the defense industry so plenty of wealthy donors all around.

 

[vantexan]

The tax cut and jobs act had a 5.5 trillion dollar price tag. Spread equally over ten years, leaving a 550 billion dollar per year hole. Just remember that when looking at current spending levels.

And reducing taxes and regulations resulted in surplus revenue. It was the spending that was out of control.

 

[vantexan]

According to an independent study done by the Brookings Institute Head Start has improved childhood literacy and increased high school graduation rates .Got something that says differently....let's see it.

Maybe those programs should be applied in places like Baltimore and Chicago where they can't find kids who are proficient in math and reading.