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Today I heard Musk say they want to cut spending by 3 trillion dollars but no acknowledgement that Trumo's tax cuts for the rich and for corporations went mostly to top executives in bonuses etc.
"Was expensive and eroded the U.S. revenue base. The Congressional Budget Office (CBO) estimated in 2018 that the 2017 law would cost $1.9 trillion over ten years,[3] and recent estimates show that making the law's temporary individual income and estate tax cuts permanent would cost another roughly $400 billion a year beginning in 2027.[4] Together with the 2001 and 2003 tax cuts enacted under President Bush (most of which were made permanent in 2012), the law has severely eroded our country's revenue base. Revenue as a share of GDP has fallen from about 19.5 percent in the years immediately preceding the Bus h tax cuts to just 16.3 percent in the years immediately following the Trump tax cuts, with revenues expected to rise to an annual average of 16.9 percent of GDP in 2018-2026 (excluding pandemic years), according to CBO. This is simply not enough revenue given the nation's investment needs and our commitments to Social Security and health coverage."
www.cbpp.org ed-to-deliver
So what Musk is really saying is he wants to make the Trump tax cuts permanent for the rich and F**K! THE REST OF US! sO HIS CLAIM THAT IT WILL BE A IS "temporary hardship" IS A FLAT OUT LIE AND HE KNOWS IT! tEMPORARY MY ASS!
Today I heard Musk say they want to cut spending by 3 trillion dollars but no acknowledgement that Trumo's tax cuts for the rich and inue tfor corporations went mostly to top executives in bonuses etc.
"Was expensive and eroded the U.S. revenue base. The Congressional Budget Office (CBO) estimated in 2018 that the 2017 law would cost $1.9 trillion over ten years,[3] and recent estimates show that making the law's temporary individual income and estate tax cuts permanent would cost another roughly $400 billion a year beginning in 2027.[4] Together with the 2001 and 2003 tax cuts enacted under President Bush (most of which were made permanent in 2012), the law has severely eroded our country's revenue base. Revenue as a share of GDP has fallen from about 19.5 percent in the years immediately preceding the Bus h tax cuts to just 16.3 percent in the years immediately following the Trump tax cuts, with revenues expected to rise to an annual average of 16.9 percent of GDP in 2018-2026 (excluding pandemic years), according to CBO. This is simply not enough revenue given the nation's investment needs and our commitments to Social Security and health coverage." It is a permanent reduction in revenue for the Federal Government
www.cbpp.org ed-to-deliver
So what Musk is really saying is he wants to make the Trump tax cuts which arre set to expire in 2025, permanent for the rich and F**K! THE REST OF US! sO HIS CLAIM THAT IT WILL A "temporary hardship" IS A FLAT OUT LIE AND HE KNOWS IT! tEMPORARY MY ASS! tHEY WANT TO MAKE SURE IT IS NOT TEMPORARY BY MAKING THOSE TAX CUTS PERMANT! Musk and Trump want to cut 2 Trillion from Sodial Sevurity and Mrficare to continue tax cuts that flow to the rich and corporations. electing Trump will have a direct cost to the elderly, most of whom are barely making it now!
Hopefully no MAGAmoton will hear Trump's statement and act on it! It is simply outrageous that a Presidentiall candidate would ever make such an irresponsible suggestion!
But inciting riots in the Capital and suggesting that his critics is just Trump being Putin!