11-27-2024, 12:37 AM
(This post was last modified: 12-02-2024, 12:47 AM by LevelUP.
Edit Reason: $2 trillion, not billion.
)
(11-24-2024, 09:33 PM)Ares Wrote: I agree the numbers need to add up so cut away.
Downsizing the Federal Government
Here are most of the tax cut proposals we know so far:
- Extension of TCJA Provisions (previous tax cuts from 2017)
- Exempting Tips from Taxation
- No Tax on Overtime Pay
- Exempting Social Security Benefits
- Lower Corporate Tax Rate (15% from 21%)
- Deduction for Auto Loan Interest
Musk and Ramaswamy say DOGE will target $500 billion in spending. Here's where they say they'll cut.
https://www.cbsnews.com/news/musk-ramasw...-will-cut/
Cutting all the new programs added during 2020–2021 would significantly help curb spending. However, it’s not feasible to cut $2 trillion in yearly spending solely through the reconciliation process.
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Certs: Google (IT Support, Digital Marketing, Proj Mgmt); W3Schools PHP


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