It's not my list of tax cuts it's the BBB list.
Plenty of low paid people have car loans and kids and a lot would have house loan but i'd agree very few would donate.
One can't just wave a magic wand and get everything done at once or in 5 mins, be patient, lots to come, one step at a time it has to be and your also not taking into account the future cuts coming for lower income earners, the Trump admin has plans which Lutnick has talked about in podcasts/interviews for low income earners, they want to totally eliminate all Federal income taxes for those low income earners earning less than 200k or maybe up to 500k a year however this is a big chop of federal tax revenue and needs to be replaced first so the sooner the Tariff deals are done and base tariff's are in place i'm sure the Trump admin will move to eliminate all income taxes for those low income earners and this will be the best thing thats happened to mainstreet on record i would think.
The wealthy don't really need tax cuts, it's everyone else that needs the tax cuts for the wealthy and companies, your looking at it back to front.
It's the wealthy and the Companies that provide the capital to create the economic activity, career opportunities, new industries, funding of small business ventures and jobs, the more you tax them the higher the risk of investment and this just leads to lower investment, the lower the investment the poorer everyone becomes. Not sure if our Dim Jim understands this unfortunately.
Billionaires and successful people don't just make a billion or a 100 million and then go and sit on the beach all day for the rest of their lives, they keep on doing things, they keep on creating economic activity above and beyond others, they look to invest on a risk/reward basis, if the economic risks of an investment are too high in one country and lower in another then they'll more often than not take the lower risk option wherever possible and this is the fundamental reason that a country in a globally competitive world like we now live in needs to stay or in our case make themselves economically competitive on a global basis, we need to compete for capital and investment to create wealth for our citizens and to increase taxable revenues for our Government so it can provide what it needs to on a sustainable basis.
You can go back 10 yrs on my posts and every now and then you'll find a post that says..... I wouldn't want to be a Bond Holder.
My view has not changed.
I don't know why your so worried about the US debt, i would be more worried about our economic situation/debt growth and the EU's and UK's rather than the US. The US is no worries and CBO forecasts are notoriosly rubbish, Maga Mikes X post below quickly explains the main reasons.
The Trump economic policies will save America but our countries policies and the EU's, UK's haven't changed yet but they most certainly need to if prosperity for the people is a goal of our Governments imo.
Thats my general 2 cents on it.
