Discussion in 'Higher Learning' started by OfTheCross, Apr 9, 2021.
Understanding the Budget: Revenues
So we take in $2.1T in taxes and give back $1.8T in tax credits
Lol. Funny money.
Hmmm, from the Peter G. Peterson Foundation, eh? I wonder whose interests they're looking to serve?
Also, it's extra funny to me that he signed the "Giving Pledge" to give away half his wealth to charity and then just gave that money to his own anti-government spending lobbying effort.
Imagine quoting the Pete Peterson Foundation and thinking you’re on to something.
The U.S. government has operated with budget deficits for most of its history.
Tax revenue as a percentage of GDP can easily go up if you tax the rich and close loopholes in the tax code for corporations
And at quoting the Peterson Institute
Don’t even have to go that deep, he is the author of the modern “the deficit is a threat to this nation,” movement.
Why y'all worried so much about the source? The numbers are what they are.
Because of the conclusion you're attempting to draw.
Y'all have no idea what I'm thinking, breh.
We are more than familiar with the @DEAD7 I'm just trying to spark healthy debate routine and the it doesn't matter that I'm posting information from a conservative think tank because numbers routine.
You've been running with it a lot since you've been on the podcast.
You're getting the same responses he does.
Why does it matter that it's from a conservative think tank? The information is valid.
My questions regarding the OP is, what's the point of taxation if we're just going to give it away in credits?
Why do we keep pretending that taxes, for instance, are needed to pay for the American Jobs Act?