Breitbart’s John Carney dissects President Biden’s touting of his failing economic agenda and the debate over the debt ceiling on ‘The Bottom Line.’
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We don’t want limits cancel the debt limit
The USA is a giant ponzi scheme just borrowing off every country on the planet .
Don’t raise it
Impeach and defund this entire administration of corruption, disinformation, censorship and treason
Do it !!!
Thank God we booted the fake weak ex-president and his royal orange crime family out of the White House. Punted long and far! Don't mess with the USA!
Did he say Breitbart Economist? 😂
Joe Biden raises our taxes and then spends OUR money recklessly & frivolously for all kinds of needless,unnecessary things.He spends money like a drunken sailor on shore leave.This needs to STOP!!! F.J.B.
enriched their cronies!
The McCarthy plan of restricting the debt limit to 1% a year for 10 years means going backwards, since the rate of inflation is almost always higher – and it is an economic disaster if it is lower.
I take it that Dagen McDowell is an aspiring orchestra conductor. She may need a second job to pay for all those groceries.
so lets hire 87,000 extra IRS agents to audit the 770 Billionaires that live in the U.S how many hits of acid do I have to take for this to feel like its not a trick
680 was the score the story told. 680 is what is required to get a minimum mortgage. This means every mortgage is going to pay for welfare housing. I guess their going to send that money overseas now.
eat the rich and the politicians
It's not just insane.. it must be intentional.
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Biden you destroyed the economy not the Republican
How about the new homebuyer’s interest rate bill that goes into effect May 1. Folks with good credit scores get higher interest rates than folks with bad or no credit. Explain how that’s fair.
I am all for controlling spending. McCarthy voted to raise the debt ceiling 3 times under Trump. The hypocrisy is not helpful.
Quote : "Moody's crunched the numbers said, the consequences of the Republican tax cuts would be a recession, plus, 2.5 million people will lose their jobs, in addition would be bad for our economy."
Quote : 'Biden's Billionaire Minimum Income Tax will ensure that the very wealthiest Americans pay a tax rate of at least 20 percent on their full income,' Biden said : “This minimum tax would make sure that the wealthiest Americans no longer pay a tax rate lower than teachers and firefighters." … “ No billionaire should be paying a lower tax than somebody working as a school teacher or a firefighter .”
Quote : Claw back funding from the Internal Revenue Service – “Republicans also vowed to “defund Biden’s I.R.S. army” by rescinding the bulk of new funding that the tax collection agency was given to improve customer service and crack down on tax cheats. The Inflation Reduction Act approved $80 billion in additional funding for the I.R.S., which has been struggling to deal with backlogs of tax filings and answer taxpayer calls because of declining resources over the years’.
Quote continued : “The funding has come under intense scrutiny from conservatives, who claim that they will be used to increase audit rates for average taxpayers. I.R.S. officials have reiterated that they will not raise audit rates above “historical levels” for taxpayers who earn less than $400,000 a year and will focus on increasing compliance among large corporations and wealthy people.”
Quote continued : “Cutting that spending would actually add to federal deficits, the Congressional Budget Office estimated. That’s because the money is projected to help the I.R.S. crack down on taxpayers who do not pay what they owe — bringing in an estimated $200 billion in new revenue over a decade. That revenue would be lost if the funding is taken away.