Page 56 of 56 FirstFirst ... 646545556
Results 551 to 552 of 552

Thread: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

  1. #551
    Sage

    Join Date
    Mar 2012
    Location
    Republic of Florida
    Last Seen
    Today @ 02:54 PM
    Gender
    Lean
    Libertarian
    Posts
    14,238

    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Grim17 View Post
    I realize I'm late to the discussion, but hasn't the government been collecting several different types of taxes imposed by Obamacare... Most of which were implimented at the beginning of the year?

    Won't that have an effect on the budget deficit?

    Full List of Obamacare Tax Hikes | Congressman Jeff Duncan
    No, because the ACA costs more than its revenue so far.

  2. #552
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 05:27 PM
    Gender
    Lean
    Conservative
    Posts
    68,379

    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Dittohead not! View Post
    That depended on whether the lower taxes did or did not offset the lack of deductions under the plan made by Reagan's Congress. Under Obama's Congress, a part of the tax cuts was in the form of payroll taxes, which does affect everyone who pays payroll taxes, which is virtually everyone.

    As for the tax cuts under Bush, Obama approved an extension of those, didn't he?
    Payroll taxes are a use tax, Reagan and Bush cut income taxes. Payroll taxes took money from SS and Medicare and that is something people like you don't seem to understand. If you cut Payroll taxes you cut the funding for SS and Medicare which are currently trillions in debt

Page 56 of 56 FirstFirst ... 646545556

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •