U.S. Budget Negotiations
- Thread starter nycfan
- Start date
- Replies: 623
- Views: 17K
- Politics
Go back and look at the first post on page one of this thread.
Crazy how nothing Trump says or posts ages well. But being the good conman that he is, he can only live in the con of the moment.
How does one count the new tariff money?
How about the money not collected because tax cheats figure a weakened IRS wonāt audit as manny tax cheats?
I guess the counting of new tariff money would be my question. I would think the CBO has it figured in when they score any potential legislation which usually has to confirm to reconciliation procedure in the Senate.
Yes, I agree. What they have done to the IRS is counter productive...........but that crowd counts it as a win.
Thank you. I see he claims the CBO is not giving credit to tariffs. But I bet on all his other claims he's being misleading.
Mulberry Heel
Iconic Member
- Messages
- 2,159
I've said this before, but the GOP learned some years ago - at least since Trump's first election in 2016 - that it really doesn't matter how much they lie anymore, their base will never double-check or follow up on anything they say, they'll just believe it blindly. So blatantly lying won't matter, as their base will never check and learn that the CBO Director is a hard-right Republican appointed by Dubya and associated with a right-wing think tank. Although to be fair, even if they did know it wouldn't matter, as they'd just dismiss him as a RINO.
They learned that the base doesnāt check since at least Reaganā¦ā¦then thereās Nixon.
Mulberry Heel
Iconic Member
- Messages
- 2,159
But with social media and 24/7 right-wing networks like Fox it's now easier than ever to brainwash their base. And I would argue that even Reagan didn't have as strong a cult of personality that Trump now has. It's on a whole other level now.
- Messages
- 2,690
Congressional Republicans claim extending the Trump tax cuts have zero cost since it is extending an existing baseline set to expire. So they completely discount the impact of extending those tax cuts which is included in the CBO calculations.
It was during the emergence of Reagan that Liberal became a 4-letter word.
Reagan won 49 states in his āMorning in America ā campaign. A campaign that won big in EVās and popular vote and was based on not shit.
His cult following was HUGE.
Trump is worse; but, this shit didnāt start in 2020 or 2016 or 2012ā¦ā¦.
LBJ was exceptionally WRONG when he said after the passage of the Civil Rights Act, āWe just gave the South to the Republicans for a generation.ā
- It wasnāt just the South
- It wasnāt just āaā generation
- Itās the white working class for 50+ years going on 70 or 80 or 100
Mulberry Heel
Iconic Member
- Messages
- 2,159
I remember the Reagan era very well and I remember how popular he was, but I also don't recall Republican politicians saying such easily disproven lies on television and to print reporters as the one quoted above. And the reason was because in those days we still had a legacy media (including a still formidable print media) that would generally call them out for such things, and so they were usually more careful about what they said on television and to the media than today. I'm not saying that it started with Trump, but that with Trump's election in 2016 they don't even hesitate to say things that are very, very easily disproven and ridiculously over the top. It's definitely far easier today to lie to the national media and get away with it because the media landscape has totally changed. And as someone who was surrounded by GOP, Reagan-voting relatives and classmates and neighbors, I don't think Reagan had the same hold on his followers that Trump does. The worship of Trump by his base is frankly beyond anything that I've seen for a politician in my lifetime - if he told them to drink poisoned koolaid and it wouldn't hurt them, I think many of them actually would believe him and drink it.
ETA: And I fully agree with you regarding LBJ being wrong about losing most white voters for just a generation - it's clearly gone on for far longer. And ironically it's for the reason that LBJ also once noted - that if you give working-class and poor whites someone to look down on and feel superior to, they'll open their pockets for you.
Last edited:
I know you know and remember the Reagan Era.
- The tax cuts will increase revenue was the Reagan Era Big Lie. This has been the GOP mantra since Reagan. This lie was repeated CONSTANTLY throughout the Reagan Era. They all knew ātax cuts = more revenueā was a lie. David Stockman exposed that lie early - didnāt stop Jesse or Phil Gramm or Trent Lott or Jack Kemp. Not once have GOP tax cuts increased tax revenue.
- The entire Iran-Contra scandal. Oliver North became a right-wing cult-figure. Reagan and his entire Administration lied through their teeth about Iran-Contra. Oh, wait, Iām mistakenā¦ā¦Reagan didnāt lieā¦.Reagan added āI donāt recall/rememberā to American political lexiconā¦ā¦Reagan added, āIām POTUS and I donāt have a fucking clue what I was doing,ā to American politicsā¦ā¦AND THE GOP ATE THAT SHIT UP!
Theyāve been slurping the same shit for DECADES.
Mulberry Heel
Iconic Member
- Messages
- 2,159
I'm not saying that it started with Trump. What I am saying - and stand by - is that under Trump it has a reached a whole new level of dishonesty at least partly because the media landscape has drastically changed. No, it wasn't as much of a cult of personality then as it is now with Trump. At least I certainly don't remember pretty much every other house in my old hometown flying Reagan flags and signs and decorating their houses for all eight years of his presidency and even replacing them with bright new signs and flags when the old ones got frayed and faded, as many of them have every year since 2016 with Trump. I'm not defending Reagan at all (or Nixon or Bush I & II, for that matter) and of course GOP tax cuts never work for the middle and lower classes, but what we're seeing with Trump is beyond anything I remember with previous GOP presidents.
If Trump had done Iran/Contra he would have bragged about it, and modern right-wing media would have defended what happened - it wouldn't even have been portrayed as a scandal to start with, and any congressional hearings would have been given almost no publicity, unlike the hearings in the 80s. If Nixon were president today and Watergate happened, there is no doubt in my mind that Nixon would never have resigned from office, or been forced to. Fox News would have rallied the GOP base and he would have stayed in office. Even Reagan didn't gut the government the way Trump has in just the first few months of his second term, and much of that, I think, was because they did fear a media backlash back then in ways that they simply don't today.
Last edited:
DiehardHeelFan
Distinguished Member
- Messages
- 499
U.S. foreign tax bill sends jitters across Wall Street
KEY POINTS
- The āOne Big Beautiful Bill Act,ā includes the most sweeping changes to the tax treatment of foreign capital in the U.S. in decades under a provision known as Section 899.
- Section 899 will hit entities from so-called ādiscriminatory foreign countriesā that impose levies that disproportionately affect U.S. companies.
- Under the new tax bill, the U.S. would hit investors from such countries by increasing taxes on U.S. income by 5 percentage points each year, potentially taking the tax rate up to 20%.
- Messages
- 19,927
CBO assumes 1.8% per year, not 1.8% over 10 years. There is no way the U.S. averages 3-5x that over ten years, though it is not unheard of to have a big jump (or in recession, drop) of 6% or more in a single year, but that would not be sustainable. The Trump āminimum expected growthā of 3% per year for a decade is not impossible but highly unlikely based on historical GDP.
superrific
Legend of ZZL
- Messages
- 7,702
It's more than highly unlikely. I love the idea that math is supposed to be patriotic.
CBO assumes 1.8% per year, not 1.8% over 10 years. There is no way the U.S. averages 3-5x that over ten years, though it is not unheard of to have a big jump (or in recession, drop) of 6% or more in a single year, but that would not be sustainable. The Trump āminimum expected growthā of 3% per year for a decade is not impossible but highly unlikely based on historical GDP.
Hey MAGA -- if you haven't noticed that your guy is opposed to all learning, check it out. You know where truth is required to bend to patriotism? Totalitarian countries like North Korea. Or Islamic fundamentalist countries. That's what you guys want. Patriotic math, not true math.
superrific
Legend of ZZL
- Messages
- 7,702
I know this is shocking . . . but the law is quite likely unconstitutional. Disparate treatment based on national origin requires strict scrutiny, and there is no way that this law would satisfy strict scrutiny. Expect another legal challenge; expect Trump to lose; and then expect the Supreme Court to stay. But long term the statute will not be sustained because it's illegal.
CRHeel94
Esteemed Member
- Messages
- 680
Waitā¦what? This could have dire consequences on US capital markets.