this post was submitted on 22 Jan 2024
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They will say "The economy" with literally 0 understanding of the long-term effects of his economic policies, permanent tax cuts for corps, permanent tax cuts for the very wealthy, "tax cuts" for everyone else if you disregard the removed write offs and credits that also "sunset" (what a nice word) just after when he believed his term would have ended before losing.
Whenever someone is vague, ask them what specifically about "the economy" (or whatever vague answer they gave) they like.
The problem wasn't the tax cuts, but that they also increased spending. If you're going to cut taxes, you also need to cut spending.
I think we should increase taxes and cut spending because we're way over budget. Cut the military budget a bit, increase IRS funding to actually enforce our tax laws (they generally more than pay for themselves), end "use it or lose it" accounting so agencies don't feel the need to blow their budgets (maybe allow 50% of unused budget to roll over or something), cut subsides to things that don't need subsidies, etc. In terms of raised taxes, tax stock compensation as income, perhaps with an exclusion for the first $50k or so. There are plenty of other loopholes where revenue can be increased by reducing exclusions.
That's almost correct. Tax cuts are spending.