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Lots of road work.
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Douglas
Posted 8/10/2022 14:05 (#9789953 - in reply to #9783261)
Subject: RE: Lots of road work.


Central North Carolina

McFarmer - 8/6/2022 13:49
cowsncorn - 8/6/2022 12:15 Except tax dollars aren't paying for it. We are just borrowing more from our grand kids and China.
Got any support for that ? https://www.politifact.com/factchecks/2021/apr/07/pete-buttigieg/joe... REVENUES OVER 15 YEARS Raise corporate income tax from 21% to 28% $1.3 trillion Raise global minimum tax for multinational corporations $750 billion End deduction of foreign-derived intangible income $400 billion New 15% minimum tax on corporate "book" income $200 billion Prevent U.S. corporations from using tax havens $50 billion End tax preferences for fossil fuels $30 billion Change incentive structure for offshoring and onshoring jobs TBD Increase corporate tax enforcement TBD Negotiate international agreement on minimum corporate tax TBD TOTAL $2.73 trillion


That ain't what passed tho sport. You seem to get a lot wrong these days for an expert. An even that proposal plan added 600 billion to the deficit over the normally used 10 year budget period. Which means of course that  you need 15 of taxes to pay for 5 years of spending. Typical.

But what actually passed

The Congressional Budget Office estimates that over the 2021-2031 period, enacting Senate Amendment 2137 to H.R. 3684 would decrease direct spending by $110 billion, increase revenues by $50 billion, and increase discretionary spending by $415 billion. On net, the legislation would add $256 billion to projected deficits over that period.

https://www.cbo.gov/publication/57406



Edited by Douglas 8/10/2022 14:20
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