Jimdamick
Well-Known Member
Or should I say the Dems prospect to retake the WH is doomed if she is nominated
Warren's agenda would require $4.2 trillion per year in new federal spending, and a like amount in new taxes, if she paid for everything without issuing new debt. The federal government currently spends about $4.4 trillion per year, so Warren’s plans would nearly double federal spending.
The Treasury takes in about $3.4 trillion in tax revenue each year, so if Warren levied new taxes to pay for everything, federal taxation would rise by 124%. She could pay for some of her plans by issuing new debt instead of raising taxes, but with annual deficits close to $1 trillion already, good luck with that.
I think everyone can agree that Trump's tax revision fucked most Americans, while boosting the incomes of the super wealthy and corporations, but will the average American vote for a tax increase on themselves, even if that in the long run it will be beneficial too them?
Somehow don't think so (too fucking stupid?), and the Republicans will drive that point home, and win simply on that.
Warren's agenda would require $4.2 trillion per year in new federal spending, and a like amount in new taxes, if she paid for everything without issuing new debt. The federal government currently spends about $4.4 trillion per year, so Warren’s plans would nearly double federal spending.
The Treasury takes in about $3.4 trillion in tax revenue each year, so if Warren levied new taxes to pay for everything, federal taxation would rise by 124%. She could pay for some of her plans by issuing new debt instead of raising taxes, but with annual deficits close to $1 trillion already, good luck with that.
I think everyone can agree that Trump's tax revision fucked most Americans, while boosting the incomes of the super wealthy and corporations, but will the average American vote for a tax increase on themselves, even if that in the long run it will be beneficial too them?
Somehow don't think so (too fucking stupid?), and the Republicans will drive that point home, and win simply on that.