That $3.5T Bill? It's not going to cost anything!
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Rep. Pramila Jayapal (D-WA), chairwoman of the Progressive Caucus, claimed during an interview on CBS News’ “Face The Nation” with Margaret Brennan on Sunday that Democrats’ $3.5 trillion social spending bill is a “zero-dollar bill because it’s going to be completely paid for with taxes on the wealthiest and the largest corporations.”
When asked by Brennan if the $3.5 trillion bill could be cut down in size, Jayapal responded, “Well, let’s talk about what people want, and then let’s come to the number from that.”
“It’s not just a random number,” Jayapal claimed. “So, if somebody wants less than $3.5 trillion, tell us what you want to cut? Do you want to cut the child care? Do you want to cut paid leave? What is it you want to cut, and then let’s figure it out from there.”
Jayapal continued, “But President Biden also said something very important the other day, which is, this is a zero-dollar bill because it’s going to be completely paid for with taxes on the wealthiest and the largest corporations.”
Brennan noted that high earners and corporations will see an increase in taxes if the bill is passed, adding, “So, it’s not no cost.”
"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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@george-k said in That $3.5T Bill? It's not going to cost anything!:
Do you want to cut the child care? Do you want to cut paid leave?
Yes and yes. Let’s keep going…
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"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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@axtremus said in That $3.5T Bill? It's not going to cost anything!:
@george-k said in That $3.5T Bill? It's not going to cost anything!:
Aha, but if a restaurant has a profit margin of $9K a month and you raise its taxes by $1K a month, then the owner will likely not raise prices.
So a restaurant owner has planned their life around a 9K per month profit. House payments based on 9K per month, car payment based on 9K per month, retirement investments, college funds, vacation plans, and reinvestments back in to the business are all based on 9K. Suddenly you’re going to expect them gladly accept an 11% drop in income without increasing prices?
Now add on top of that his rent increasing because the commercial property company that manages the building needs to maintain their margins, his suppliers are increasing their prices, his stocks are floundering due to the lower profits… And yet you think it would be inappropriate for this businessperson to raise their prices?
Bullshit, Ax.
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Those wealthy corporations that are going to pay for this, Ax? That’s you and me and every single working slob out there with a 401K.
