CBO says Build Back Better will add $3T to debt
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wrote on 14 Dec 2021, 16:18 last edited by
White House says 'Fake Score'.
They are counting on sunset provisions in the bill to keep the bottom line down. This is a shell game, as once it's in no one will vote to take benefits away. It doesn't happen.
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wrote on 14 Dec 2021, 16:54 last edited by
Same tactic employed by both parties whenever they are in control. The 2017 tax reform, for example, provided tax rate reductions for individuals only for eight years, not "permanent" like for corporations.
... once it's in no one will vote to take benefits away. It doesn't happen
This is not true. Take a recent example: the enhanced child tax credit. Passed in one of the COVID-19 stimulus bills, it is set to expire this month and it looks like there is no vote to extend it.
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wrote on 14 Dec 2021, 17:21 last edited by
Tax cuts are usually temporary, as are hikes. The enhanced child credit was meant to address COVID, a temporary situation. Free pre-K is not and once in it will never go away. You know that.
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Same tactic employed by both parties whenever they are in control. The 2017 tax reform, for example, provided tax rate reductions for individuals only for eight years, not "permanent" like for corporations.
... once it's in no one will vote to take benefits away. It doesn't happen
This is not true. Take a recent example: the enhanced child tax credit. Passed in one of the COVID-19 stimulus bills, it is set to expire this month and it looks like there is no vote to extend it.
wrote on 14 Dec 2021, 19:03 last edited by@axtremus said in CBO says Build Back Better will add $3T to debt:
Same tactic employed by both parties whenever they are in control.
I recall @jon-nyc referring to the "Bush Tax Hike."
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wrote on 14 Dec 2021, 19:08 last edited by
I don't think we get by with $3T.