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Motown_Johnny

(22,308 posts)

8. Tax cuts add to debt. We made permanent the tax cuts for everyone

Reply to Honeycombe8 (Original post)

Wed Jan 2, 2013, 08:34 AM

Jan 2013

under $400/$450 K a year.

That adds to the debt when compared to allowing everyone's taxes to go back to Clinton era rates.

Why is that confusing? It should be crystal clear.

Tax cuts don't pay for themselves. They add to the debt.

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How does this fiscal deal add $4 Trillion to the nat'l debt? [View all] Honeycombe8 Jan 2013 OP

It didn't cut any spending... Sekhmets Daughter Jan 2013 #1

.. but it did not add to the debt. Buzz Clik Jan 2013 #2

We borrow 40 cents Sekhmets Daughter Jan 2013 #7

Agreed. But that was true 24 hours ago. Buzz Clik Jan 2013 #10

Yes, Sekhmets Daughter Jan 2013 #14

The CBO scores it as adding $4 trillion in the next ten years, Motown_Johnny Jan 2013 #9

Thank you. Buzz Clik Jan 2013 #11

Not really. They compare it to the way the law was Motown_Johnny Jan 2013 #12

Fair enough. It was one possible trajectory. Buzz Clik Jan 2013 #13

we were under sequestration when the deal was made...nt SCliberal091294 Jan 2013 #3

Christine Romans on CNN this am said the 4 Trillion dollar score.. nenagh Jan 2013 #4

This is the most dishonest talking point in a while. Seriously. jpljr77 Jan 2013 #5

Because the vast majority of Bush tax cuts were made permanent... kentuck Jan 2013 #6

Tax cuts add to debt. We made permanent the tax cuts for everyone Motown_Johnny Jan 2013 #8