Inflation

KGF

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"The Biden Inflation Tax"...lol. That's up there with putting his face on the gas pump.
If the guy is going to go out there and pretend his policies are improving people’s financial situation, it’s completely fair to point out his tax proposal and existing policies of direct payments are effectively wiping that tax cut proposal out and have a net negative impact.
 

Some guy

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If the guy is going to go out there and pretend his policies are improving people’s financial situation, it’s completely fair to point out his tax proposal and existing policies of direct payments are effectively wiping that tax cut proposal out and have a net negative impact.
I’m not sure how you can call it Biden direct payments when of the 3,200 total 2,600 had donald’s name on it

Do you mean bipartisan stimulus payments
 

Wally

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I’m not sure how you can call it Biden direct payments when of the 3,200 total 2,600 had donald’s name on it

Do you mean bipartisan stimulus payments

2/3 Trump, 1/3 Biden.
Sounds about right.
😎
 

KGF

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I’m not sure how you can call it Biden direct payments when of the 3,200 total 2,600 had donald’s name on it

Do you mean bipartisan stimulus payments
My post yesterday from another thread:

C05D352C-B354-4CBD-8429-F80D6F8D4425.jpeg
 



howeda7

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If the guy is going to go out there and pretend his policies are improving people’s financial situation, it’s completely fair to point out his tax proposal and existing policies of direct payments are effectively wiping that tax cut proposal out and have a net negative impact.
I remember your screed ripping Trump a new one for passing a similar Covid stimulus...because you're all about principles...
 

KGF

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Only the Biden portion is Socialism! The Trump part was fine. Everyone needs a little extra for some new bootstraps. MAGA.
Trump and the Dem Congress approved aid when the pandemic shut down business through no fault of the employees or employers. The Dems wanted to keep doling it out. Trump may have wanted to too, to help him win re-election. He didn’t get that chance, but it would’ve been wrong to do so. Business had no reason to shut down and people had no reason not to work.
 

Wally

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Trump and the Dem Congress approved aid when the pandemic shut down business through no fault of the employees or employers. The Dems wanted to keep doling it out. Trump may have wanted to too, to help him win re-election. He didn’t get that chance, but it would’ve been wrong to do so. Business had no reason to shut down and people had no reason not to work.

Lick lick lick
 




Some guy

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Trump and the Dem Congress approved aid when the pandemic shut down business through no fault of the employees or employers. The Dems wanted to keep doling it out. Trump may have wanted to too, to help him win re-election. He didn’t get that chance, but it would’ve been wrong to do so. Business had no reason to shut down and people had no reason not to work.
Got it.
Do as I didn’t say I wouldn’t do rather than do as I did kind of thing
 

KGF

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Again, these policies were for the most part started under the trump regime

student loan pause
Child tax credit
etc


Sorry if I don’t think do nothing Biden is responsible for continuing things that started under trump
The child tax credit was Biden totally. People who don’t pay incomes get a “child tax credit” in the thousands for each child. But how long policies are extended are on the current president. Trump didn’t institute permanent direct payments.

And Biden has bragged about it. He sure as hell didn’t campaign on discontinuing them.

You’re dead wrong on the post above.

He sure as hell discontinued a bunch of Trump stuff he didn’t like.
 

KGF

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Got it.
Do as I didn’t say I wouldn’t do rather than do as I did kind of thing
“Child tax credit” direct payments are the biggest chuck of government money flooding the economy, and Trump never mentioned the idea of instituting them as Biden did.
 

Some guy

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.

He sure as hell discontinued a bunch of Trump stuff he didn’t like.
I am not talking about that stuff. I’m talking about not crediting him for inflation when many of the alleged drivers of inflation were started in the last administration.

You seem like a real honest poster. Clearly you like to acknowledge the failures of your side

The child tax credit expansion started under trump and has continued but actually seems to be stalling out under trump. it has caused inflation. Biden’s fault

Student loan pause started under trump. Continued under Biden. Biden’s fault.

stimulus checks were mostly under trump and 600 dollars under Biden. Biden’s fault.



inflation is a problem. I’m not going to credit Biden for checks with trumps name on them. Sorry
 



Some guy

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“Child tax credit” direct payments are the biggest chuck of government money flooding the economy, and Trump never mentioned the idea of instituting them as Biden did.
It was literally part of the 2018 tax bill

are you really not knowledgable? Or are you pretending
 

KGF

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I am not talking about that stuff. I’m talking about not crediting him for inflation when many of the alleged drivers of inflation were started in the last administration.

You seem like a real honest poster. Clearly you like to acknowledge the failures of your side

The child tax credit expansion started under trump and has continued but actually seems to be stalling out under trump. it has caused inflation. Biden’s fault

Student loan pause started under trump. Continued under Biden. Biden’s fault.

stimulus checks were mostly under trump and 600 dollars under Biden. Biden’s fault.



inflation is a problem. I’m not going to credit Biden for checks with trumps name on them. Sorry
The Dem majorities in Congress voted for those things. trump approved…b/c the economy had to shut down temporarily.

They were basically one time payments, not repeating payments as Biden has made them.
 

Some guy

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The Dem majorities in Congress voted for those things. trump approved…b/c the economy had to shut down temporarily.

They were basically one time payments, not repeating payments as Biden has made them.
So you agree they started under trump
Same with the stimulus payments
Same with the student loan pause

Got it. Thanks for agreeing with me


and when trump did it it was good policy because there wasn’t inflation yet but now it is bad policy because it’s been expanded and there is inflation? I assume is your position? Or was it bad the whole time?
 

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“Child tax credit” direct payments are the biggest chuck of government money flooding the economy, and Trump never mentioned the idea of instituting them as Biden did.

Fuck the kids!!!

But if you get pregnant we will force you to keep the baby.

Can't make it up.
 

KGF

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It was literally part of the 2018 tax bill

are you really not knowledgable? Or are you pretending
Yeah, that was a real “child tax credit”, for people that paid income taxes. They deduct it from the taxes you owe.

Biden’s so-called “child tax credit” goes to those that don’t pay income taxes. It’s not a tax credit at all. It’s a direct payment for having kids.
 

Some guy

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“Child tax credit” direct payments are the biggest chuck of government money flooding the economy, and Trump never mentioned the idea of instituting them as Biden did.
Lol
 

bga1

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I am not talking about that stuff. I’m talking about not crediting him for inflation when many of the alleged drivers of inflation were started in the last administration.

You seem like a real honest poster. Clearly you like to acknowledge the failures of your side

The child tax credit expansion started under trump and has continued but actually seems to be stalling out under trump. it has caused inflation. Biden’s fault

Student loan pause started under trump. Continued under Biden. Biden’s fault.

stimulus checks were mostly under trump and 600 dollars under Biden. Biden’s fault.



inflation is a problem. I’m not going to credit Biden for checks with trumps name on them. Sorry
Historically, the federal child tax credit has had bipartisan support. It was established as a part of the 1997 Taxpayer Relief Act. Eligible recipients subtract the credit amount from their owed federal income taxes. Originally, the tax credit was $400 per child under age 17 and nonrefundable for most families. In 1998, the tax credit was increased to $500 per child under age 17. The tax credit amount increased again and was made refundable in 2001 to coordinate with the Earned Income Tax Credit. The refundable portion is called the Additional Child Tax Credit.

By 2009, the income thresholds for the child tax credit and earned income tax credit no longer aligned. The American Taxpayer Relief Act of 2012 increased the value of the federal child tax credit to $1,000 and increased the income threshold to correspond with the earned income tax credit. The Tax Cuts and Jobs Act of 2017 doubled the tax credit to $2,000 and made limits to the refundable amount of up to $1,400 per child. It also introduced phase out thresholds and rates for higher-income taxpayers. The act is temporary and will expire on Dec. 31, 2025.



At the time of the tax cuts ( a really good thing)the SALT was reduced. The overall effect of the increase child tax credit, paired with the SALT reduction, helped the lower and middle class and actually hurt the high income folks. The winners in the tax cut plan were: Lower and middle class families and the American economy - which boomed as a result. Congress refused to cut spending and in fact spent more than ever and that is the group - a bipartisan group that is largely to blame for the situation we have today.

The difference between the GOP and the Dems is only in order of magnitude. The GOP loves to spend and the Dems love to spend even more. Trump wanted to cut spending in every area of government except infrastructure. His own party was of little help. They loved life before Trump when self dealing was king.
 

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Yeah, that was a real “child tax credit”, for people that paid income taxes. They deduct it from the taxes you owe.

Biden’s so-called “child tax credit” goes to those that don’t pay income taxes. It’s not a tax credit at all. It’s a direct payment for having kids.
Well ivanka trump says it directly put over 2000 in the pockets of more than 40 million families trying to take credit for it and CNN said…no liberals…she is right


So when CNN agrees with a trump I am going to take her word for it
 

Some guy

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Historically, the federal child tax credit has had bipartisan support. It was established as a part of the 1997 Taxpayer Relief Act. Eligible recipients subtract the credit amount from their owed federal income taxes. Originally, the tax credit was $400 per child under age 17 and nonrefundable for most families. In 1998, the tax credit was increased to $500 per child under age 17. The tax credit amount increased again and was made refundable in 2001 to coordinate with the Earned Income Tax Credit. The refundable portion is called the Additional Child Tax Credit.

By 2009, the income thresholds for the child tax credit and earned income tax credit no longer aligned. The American Taxpayer Relief Act of 2012 increased the value of the federal child tax credit to $1,000 and increased the income threshold to correspond with the earned income tax credit. The Tax Cuts and Jobs Act of 2017 doubled the tax credit to $2,000 and made limits to the refundable amount of up to $1,400 per child. It also introduced phase out thresholds and rates for higher-income taxpayers. The act is temporary and will expire on Dec. 31, 2025.



At the time of the tax cuts ( a really good thing)the SALT was reduced. The overall effect of the increase child tax credit, paired with the SALT reduction, helped the lower and middle class and actually hurt the high income folks. The winners in the tax cut plan were: Lower and middle class families and the American economy - which boomed as a result. Congress refused to cut spending and in fact spent more than ever and that is the group - a bipartisan group that is largely to blame for the situation we have today.

The difference between the GOP and the Dems is only in order of magnitude. The GOP loves to spend and the Dems love to spend even more. Trump wanted to cut spending in every area of government except infrastructure. His own party was of little help. They loved life before Trump when self dealing was king.
So it was good to do a little but bad to do a lot? Should’ve been a one time thing?

Should we get rid of the tax credit? Was trump bad for expanding it? Or just Biden for continuing to expand it?
 


KGF

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Well ivanka trump says it directly put over 2000 in the pockets of more than 40 million families trying to take credit for it and CNN said…no liberals…she is right


So when CNN agrees with a trump I am going to take her word for it
Did you read your own article?

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Some guy

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Did you read your own article?

View attachment 16451
Yup.
so I’m asking you a (few) question(s)


1) do you think all child tax credits are bad?
2) Or was it good when trump expanded it?

3) is Biden’s bad in principal? Or is it just bad because of current inflation situation?
4) Is trumps only good because of the economic situation at the time? Or was it always good? Or never good?

You sure want to blame Biden for inflation when the policies you are so against all started under trump. I want to know if you were against them the whole time or only now that there is inflation? Or only now that some have been expanded?

why won’t you explain your position on the issue?
You blamed Biden for bad policy so I want to know when the policies you are blaming for inflation went from good to bad?
 
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KGF

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Yup.
so I’m asking you a question.


do you think all child tax credits are bad?
Or was it good when trump expanded it?

is Biden’s bad in principal? Or is it just bad because of current inflation situation?
Is trumps only good because of the economic situation at the time? Or was it always good? Or never good?

You sure want to blame Biden for inflation when the policies you are so against all started under trump. I want to know if you were against them the whole time or only now that there is inflation? Or only now that some have been expanded?

why won’t you explain your position on the issue?
I’m ambivalent about them. I would like to encourage the family unit, on the other hand, it is a special interest. Why should a married couple with children benefit over single people with no children. They already get a dependent deduction.

In any case, Biden’s “child tax credit” is a direct payment for qualifying recipients, increasing the “credit” by $1000/child 6- 17 years old and $3.600 for child under 6, as a part of the American Rescue Plan, expanding it in $ amounts and millions of non-taxpayers.

BTW, the 2018 tax reforms weren’t instituted as a result of the pandemic. They didn’t give direct payments to people. So the risk of it stimulating inflation wasn’t there and it didn’t occur.
 

Wally

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Yup.
so I’m asking you a (few) question(s)


1) do you think all child tax credits are bad?
2) Or was it good when trump expanded it?

3) is Biden’s bad in principal? Or is it just bad because of current inflation situation?
4) Is trumps only good because of the economic situation at the time? Or was it always good? Or never good?

You sure want to blame Biden for inflation when the policies you are so against all started under trump. I want to know if you were against them the whole time or only now that there is inflation? Or only now that some have been expanded?

why won’t you explain your position on the issue?
You blamed Biden for bad policy so I want to know when the policies you are blaming for inflation went from good to bad?

They don't like smart questions. I expect they will ignore this.
 

Some guy

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I’m ambivalent about them. I would like to encourage the family unit, on the other hand, it is a special interest. Why should a married couple with children benefit over single people with no children. They already get a dependent deduction.

In any case, Biden’s “child tax credit” is a direct payment for qualifying recipients, increasing the “credit” by $1000/child 6- 17 years old and $3.600 for child under 6, as a part of the American Rescue Plan, expanding it in $ amounts and millions of non-taxpayers.
You have mixed feelings on them. I can see you obviously have bad feeling for the expansion in terms of dollars and in terms of giving it to “non tax payers”

Were you in favor of the expansion to that lower number under trump?
 




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