What happens when taxes are cut "massively"?

[kentuck]

The deficits will skyrocket. Our debt will be on a dangerous course upward. Something will have to be done before the first year is over.

The first solution is cuts to social programs. Then there will be cuts to programs such as NASA, NPR, Veterans Hospitals, etc. If that does not stop the hemorrhaging of revenues, then they will have to search for some way to raise "fees". (not taxes) This would be something like making the Interstate Highway System an Interstate Tollway. They could also raise gasoline taxes somewhat. Then, if all else failed, they would raise the limit on FICA taxes to $150,000, as a last resort, with the excuse that it is to save Social Security for the future.

There is little doubt but that there will be huge deficits under Donald Trump and the Republicans. We can anticipate something like the above list of cuts and fees to happen in the second year of Trump and the Republicans.

As usual, with Republican leaders, the economy will start to lose jobs and people at the bottom will be worse off. Meanwhile, those at the top get more and more...

[raccoon]

1. I get so sick of this continual "tax cuts" meme. Granted,

most people don't like to pay taxes.

But they do pay for roads, public schools, infrastructure, chunks of money when areas are hit by flood, tornadoes, hurricanes, etc.

Not to mention firemen, police, teachers, etc.

thing is, if you cut taxes, you have to do one of two things. Make the money
up some other way--"fees" as you mentioned, is one way. The other thing, is cut services. I'm afraid we'll be seeing more of both.

[louis-t]

2. And yet, he will brag about the 2,500 jobs created in one month

forgetting to tell everyone that it takes 125,000 a month just to keep up with demand. His idiot followers will rejoice.

[scscholar]

3. The $9 trillion debt increase complants under Obama are disingenuous...

since they would have been greater under a Republican.

[brush]

6. Also, Obama put W's off the books immense Iraq war expenditures on the books

[LeftInTX]

7. Say what????

I didn't know W kept Iraq War's $$$$$$$$ off the books.

[brush]

8. Yep. O added them and still was able to start reducing the deficit.

[LeftInTX]

9. Who knows what slight of the hand Dumpster will pull

Pretty disgusting that Bush got away with this.

[uponit7771]

4. Kansas is what happens

[KT2000]

5. close the loophole

that gave Dump tax free privilege for 20 years. He blamed Hillary for that loophole so it should be an Executive Order - now!

[maxrandb]

10. Read his federal hiring freeze statement

They'll be coming after federal and military pensions and benefits too.

Of course, NOT Congress, but the rest of us progues.

His ignorant supporters will eat it up. Instead of demanding better benefits and retirement programs for themselves, they'll tear everyone else's down.

Then they'll complain that nobody has the resources to buy the stuff that keeps them employed.

Since ray-gun, a few rich players have been playing Monopoly like it's a guide to running a fucking country

[ProudLib72]

11. What most people forget

is that there have only been two presidents in the last 70 years who have produced a balanced budget: Eisenhower and Clinton. Deficit spending has been normalized. In fact, the $Xtrillions of debt we owe is so astronomical that no one can even comprehend it. Your average American looks at the numbers and figures that adding a few more billion to that debt each year isn't going to make any difference. It's just a single drop of water in a vast ocean. That's why I don't think that anyone ever gives credit to those presidents who do try to make a difference. But they will blame Obama for a deficit of $1,200 billion in one year coming out of a recession started by their big buddy W. They don't comprehend the numbers, and they don't account for the fact that stabilizing the economy takes several years.

Hell, I doubt most repukes could balance their checkbook.

[JHan]

12. #MakeFeudalismGreatAgain