I guess every dollar matters - but the amount that came out of F and F relative to the deficits over the last 10 years is pretty small
Re funding for new stuff
1. DJT cut taxes 2T and none of that came back via GROWTH as Stockman predicted in 18th century (seems that long ago) etc. 2T deficit - how was that paid for ? Answer - not
2. Total annual deficits by the back end of DJT should have made true Republicans puke ---- but we know from last 40 years or so - that R is only a deficit concerned hawk when its a DEM president in office - especially if BO
3. We soon will see the first massive reversal of the tax code to finally tax the HAVES and then tax them more
4. Haves here will be defined - as BIDEN coorectly pointed out - those who will not find another 3-5% of income tax annual burden changing their lifestyle ONE BIT . Then time to go after RE give aways (swap avoidance) - then Hedge Fund carried interest (cap gains 20% v income tax) and then the absurd high estate tax avoidance level we now have that by the way automatically travels to spouse to double . Going back to say 3-5MM a person (v close to 20 - 40) is logical. This poster could see a different (lower) hurdle and rate (higher) for TRUST Fund children and lower for first generation true capitalist
And moving cap gains lower tax to say holding an asset 3-5 years makes sense and would earn a ton more money . There is nothing in the Bible or Constitution that argues why 12 months is LONG TERM --- reality is that it is not at all
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