Gimmee Money

[Jolly]

The Feds need it more than you...

https://www.washingtonexaminer.com/news/biden-promises-to-undo-most-of-the-trump-tax-cuts

[taiwan_girl]

@Jolly

From the article

QUOTE
"Biden pledged to raise the corporate tax rate to 28%. The GOP's tax law cut that rate from 35% to 21%."
UNQUOTE

Gary Cohn, who was the man behind the recent tax cut when he was head of the National Economic Council said in a recent interview that going back up to 28% was okay.

QUOTE
I'm actually okay at 28%. You know, the level we got to in our tax plan on the corporate side was actually a bit lower, than was originally thought necessary,
UNQUOTE

[Mik]

I think Jolly’s point is that no amount will ever be enough if we don’t quit spending. Raising corporate taxes will not erase the deficit nor pay down the debt.

[taiwan_girl]

@Mik said in Gimmee Money:

I think Jolly’s point is that no amount will ever be enough if we don’t quit spending. Raising corporate taxes will not erase the deficit nor pay down the debt.

Mik, you say the wise words. But it always comes down to where to spend (or maybe better, where not to spend).

[Mik]

Where not to spend would be a good place to start. Like 10% cuts across the board.

[Jolly]

I'd settle for a budget freeze.