TRUMP'S RISING DEBTS WILL SOON FORCE THE U.S. TO SPEND MORE ON INTEREST THAN MEDICAID, DEFENSE

1.. Please explain what "prejudice" you are referring to.

2. There was a vote on a Balanced Budget Amendment in the House this year, in April. It's amazing to me how many people, just in this thread, have insisted the Republicans would never have a vote for it when they did just that this same year. Does anyone follow the news?

 

You are incorrect. Here in the Dems petri dish (Los Angeles) by the time I pay my fed, state, and city tax, I pay 9.5% sales tax, high property taxes, gas tax (On top of an existing gas tax), registration fees (Still a tax), I am not even an equal partner with the government.

This doesn't even take inflation (The cruelest tax) and the high cost of living due to the the other business owners I buy from, having to pay higher taxes as well.

 

The “nation” aka the people - rejected trump by over three million voters.

Check businesses effective tax rates compared to the rest of the world and try again. Many of the largest companies have a negative effective tax rate.

Republicans have plurality vote in only three major demographics — the uneducated who care little for analysis, the elderly who care little for the future, and the religious who care little for fact. Two of those demographics are eroding at a quickening pace. It’s strange to hear cons whine about welfare for people barely able to feed their children but drop to their knees to service billionaires and multinational corporations through subsidies, targeted tax cuts, backroom deals and direct payments that allow them to add trillions in overseas accounts.

Face it, if we had proportional representation (ex one citisen, one vote, one voice) the Republican Party would pretty much cease to exist. The only way they maintain control is through legislative hurdles, gerrymandering and open voter suppression.

 

You libs hate the Electoral College, and that is well known. But the men who founded this country were, fortunately, far wiser than today's average radical Democrat. Hint: if you don't like the Electoral College, change the Constitution of the United States....

Next, you would enrich your understanding of corporate tax rates around the world prior to the arrival of President Trump by visiting this site, with information that was current in 2016: https://taxfoundation.org/corporate-income-tax-rates-around-world-2016/

Among other facts, you'll see this: "It is well known that the United States has the highest corporate income tax rate among the 35 industrialized nations of the Organisation for Economic Co-operation and Development (OECD)."

Lastly, I think I can fairly assert that if somehow the federal government got OUT of the welfare distribution business, the DEMOCRAT Party would be the one that ceases to exist. What else does this half-assed excuse for a 'socialism-lite' party offer anyone? Who does it appeal to but people who can't, don't, or won't support themselves?!

 

I’m not going to explain to you the difference between effective tax rate vs marginal tax rate — very few companies pay anywhere near their marginal tax rate.

https://itep.org/the-35-percent-corporate-tax-myth/

• As a group, the 258 corporations paid an effective federal income tax rate of 21.2 percent over the eight-year period, slightly over half the statutory 35 percent tax rate.

• Eighteen of the corporations, including General Electric, International Paper, Priceline.com and PG&E, paid no federal income tax at all over the eight-year period. A fifth of the corporations paid an effective tax rate of less than 10 percent over that period.

• Of those corporations in our sample with significant offshore profits, more than half paid higher corporate tax rates to foreign governments where they operate than they paid in the United States on their U.S. profits.

It’s evident you have absolutely no idea what you are talking about.
Futhermore, 90% of the top welfare states are blood red along with being net takers from the federal government... So another point you seem to be uneducated on - a tenant of republican principle.

 

1. I was referring to your declaration that a BBA could never be introduced into a House with Democrats in charge. I was wondering whether that was based on your personal prejudice against Democrats. I suspect a BBA would be one of the hardest bills to actually pass no matter who was in charge, because the items selected for expenditures would be very different depending on the party, and the opposing party probably would have enough votes to kill it.
2. I listen to the news frequently plus read it on the internet, and I was unaware of the BBA this year. I suspect it's because the news coverage has shrunk over the recent past to include the one dominating story that sucks the air out of the room unceasingly. Its name is TRUMP.

 

In 2007 the supplemental spending bill to fund both wars was $88 Billion and included in the $161B deficit. And of course it was lower in 2008 and Obama ended the wars when he took office yet the deficit in 2009 was $1,400B.

 

The House controls bills to raise revenue, the Senate can create spending bills.

SECTION 7
All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills.

So WTF are YOU talking about?

 

Oh, your source is ITEP? The notoriously Left-wing partner of "Citizens for Tax Justice"...? And I'm the ignorant one who lives in an information vacuum...?!

My information source was The Tax Foundation, a scrupulous, respected organization that has been disseminating ACCURATE information since 1937. Link: https://taxfoundation.org/about-us/

 

I live in NJ, another high tax place, and in no way do I come close to 50%, I suggest you recalculate your expenses.

 

WTF does this say !!!!
All Bills for raising Revenue shall originate in the House of Representatives

 

My source which is the book "The End of Prosperity" by Laffer, Moore, and Tanous - 2008 stated $200B which would have resulted in a surplus. However doing more homework shows the direct military costs look to be ~ $100B per year. Not sure of the basis for the $200B figure.

 

And must be approved by the Senate so that the bill can be sent to the President for signature. It takes 60 votes to do that.

 

Trump crowding out the news is a real phenomena. I got a funny reminder a few months ago watching Morning Joe, when Joe complained that they weren't talking enough about the fact that US troops in Syria had engaged in, and killed hundreds, of Russian mercs (at the time he said that this had happened the prior month). Then Joe trailed off as he realized his show hadn't covered it, at all, because they were too busy talking about Trump.

I don't know if you would call it a prejudice to note that most Democrats oppose a Balanced Budget Amendment, and it's not a legislative priority at all for any Democratic caucus. When the vote happened in the House this year, 226 Republicans voted for with 6 Republicans voting no. Democrats? 178 voted no and 7 voted yes.

So let's not pretend it's a prejudice that Democrats oppose the BBA. Those vote tallies are hard data on who supports what.

 

Too funny - another low initiative and curiosity poster.

 

Too funny - another low initiative and curiosity poster.

 

You need a link to show that 60 votes are needed in the Senate ??

 

The data was from public disclosures but ok. When you cannot debate the information attack the source. Are you really saying corporations pay the full tax rate. ROFL

Tell me, how many demographic blocks do you fall into for the republican platform?
We have identified uneducated already. I’m guessing you are three for three.

 

It doesn't say

WTF are you talking about. You don't know the difference between revenue and spending?

 

But he said SPENDING BILLS, the Senate can originate a spending bill and send it to the House for their approval.

 

It's funny when the news talking heads complain that Trump dominates the news and then realize what they are saying in mid sentence.

 

But it still requires 60 votes.

 

What is the most under educated/uneducated lowest educational achievement demographic in the country? Blacks
Who do the blacks vote for by over 90%. Democrats

 

Sure but a spending bill can originate in the Senate.

 

The interest is so high because we are now and will continue to pay interest on Obama's debt. The chart below speaks for itself.