. WSJ points out that analysts from the whole spectrum say new tax bill makes deficit worse despite cuts to Medicaid and DOGE.
The next 100 days
- Thread starter watu05
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Remember when all of those yokels who never had taken out student loans complained about not getting the benefit of student loan forgiveness while many middle class Americans would.... but now are totally on board with not paying their fair share on their overtime and tips?
Peppridge farm remembers.
And before aTUfan says "keeping their money" I will preface that it all comes out of the same checkbook. I know I paid taxes on my tips and my overtime as I worked in college. Why should that not be taxed?
The only difference between the two situations being.... overtime and service jobs don't actually stimulate the economy in the same way that an educated work force does.
You do realize that the people YOU SUPPORT, knew Biden had advanced cancer meaning POST STAGE 5, knew about it, & LET HIM ANNOUNCE HE IS RUNNING FOR A SECOND TERM?! THIS ALONE KILLS YOUR ABILITY TO DEFEND YOUR SUPPORT OF THESE PEOPLE, NO?!
That’s not true. Well, perhaps for those in congress. Trump has a plan to fix it before he leaves office. It’s called Tariffs, of course, combined with a new tax plan creating the ERS. Those in congress will come around, as they always do. They don’t want to commit career suicide. Which is a matter of FACTUAL repercussion they face if they continue to ignore fiscal responsibility.
AGAIN;
You do realize that the people YOU SUPPORT, knew Biden had advanced cancer meaning POST STAGE 5, knew about it, & LET HIM ANNOUNCE HE IS RUNNING FOR A SECOND TERM?! THIS ALONE KILLS YOUR ABILITY TO DEFEND YOUR SUPPORT OF THESE PEOPLE, NO?!
Ie, it is said, IT IS AN ABSOLUTE CERTAINTY, that any continued support of these people NOT ONLY RENDERS YOU AN ENEMY OF THE STATE BUT IN ADDITION TO TREASONOUS, IT RENDERS YOU MORE A BUFFOON THAN ALL PRIOR USES OF TERM BUFFOON IN THE ENGLISH LANGUAGE?!
The tax bill just shifts more wealth to those who don’t need it and tries to just justify it by cutting Medicaid, carbon free energy and tech research. Without increasing the revenue side cuts alone won’t get us there
How does requiring a select few to pay back their student loans reduce the educated work force?
It sends a signal to subsequent generations that this country values the lowly educated more than it values knowledge and innovation (when chastising student loan holders for trying to be more valuable to the country and being taken advantage of systematically while doing it.... and instead you hypocritically help a different "select few")
Although there is of course some overlap in these groups, the number of people with student loans is several times larger than the number of workers who are primarily compensated via tips.
I think you're already seeing this with a big shift in the attitudes of primary / secondary school kids away from the pursuit of higher learning and towards the trades.... which has some merit sometimes, but employing more plumbers and AC repair techs is not going to help us win technology races with China.
Knowledge and innovation should be revered and lauded, not poopooed as being for a 'select few' and chastised for being elitist.
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Are you on Medicaid? Then you should pay attention.
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I will be in the next few years (I’m old). Proposed cuts to take effect sometime in the future will never take effect btw. History tells us as much
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Disagree. Requiring taxpayers to pay back the student loans of certain individuals does nothing to encourage kids to attend colleges going forward.
You want to encourage college attendance:
1) Make the cost of attendance more affordable. We all know how COA has skyrocketed over the last few decades. Putting this costs at the feet of the taxpayer without significant cost controls is foolhardy. Have I mentioned we are $37T in debt?
2) Make low interest or interest free loans readily available. Set conditions to make some of the balance forgivable. This of course goes hand in hand with #1.
As far as not taxing tips? I’m not sure how much tax benefit most of these service people will receive. Most are lower income and pay little to no federal income tax as it is.
Did you think he said Medicare? I wouldn't think you had any Medicaid benefits. You wouldn't meet the low income or disability requirements to go on Medicaid. He is attacking the vulnerable because he does not have the balls to attack Medicare at this point.
I agree with both 1 &2, but I would also say add a third that helps students who were taken advantage of by a system that desperately needed cost controls.
It's a conveyor belt problem. You have to deal with the root cause of the problem so you don't continue to see students aggregating large debts. But you should also do some remediation for the kids (now adults) who suffered through a system that could have used cost controls and you were too slow to act on their behalf.
I view the gross volume of student loan debt (and it's continuing increase) as a failure of our government to rein in the cost of higher education, and the resultant burden shouldn't be born by the students alone. It's a problem with public policy, not with the students trying to become educated, why should they be punished for poor governance and greedy academia?
P.S. the tax on tips thing mostly hits service oriented states like Nevada where people probably do make enough to pay some income tax.... but again, I argue that favoring one small subgroup (mostly in order to sway election votes, and having little actual effect on GDP), but refusing to actually act to remediate the screw ups for another larger group (who have a much larger GDP contribution) is hypocritical...and it detriments society's appreciation of education.
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What this country is experiencing is a DEPRECIATION of education. Of which you are a result. That & likely having attended what is a Confucius Institute.
Student debt? Easy low cost loans drove debt up. For profit colleges greatly abused it. Non profits and state schools to a lesser extent, but at least they delivered an education. Students and schools just grabbed the easy money without really considering the long term. Banks wanted in too. All contributed to the cost and debt increases. More easy loans won’t fix it.
Correct Why my #1 point is to make college more affordable. Until work is done is that area the other ideas are largely irrelevant
Like SS were either going to have to cut Medicare spending or raise contributions….probably both. The math is the math. We’ve spent far too long down this current fiscal path with no proposed solutions. Just kicking the can down the road. The end of the road is fast approaching. Not much room left to kick
Probably not great to call into question the role of your currency as the global reserve currency by starting tariff wars when you have as much debt as we do.
The other solution is: make more money by increasing revenues.
Ever notice that people almost never complain about the cost of primary education? That’s because it’s publicly funded and was long ago accepted as a societal necessity and generally positive program. Need to do the same thing for higher & vocational education.
We’re about to see our debt service cost soar past $1T a year. Another huge spending entitlement program sounds like a fantastic idea. Suppose it will work until debt service gets to a level where we are forced to cut spending across the board. Lots a pain ahead.
Inflation in the UK increased to 3.5% last month. Our treasury auction today was a disaster. Too much supply and not enough demand. The sustainability of debt / spending long term simply isn’t there. Yet here we are wanting more massive spending programs…insanity.
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