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(Some Guy)   Here are some ideas to pay for the $2.65 Trillion infrastructure plan, which no Republicans in Congress will consider at all   (crfb.org) divider line
    More: Interesting, Tax, Taxation in the United States, tax increases, President Biden'sAmerican Jobs Plan, Taxation, supporters of new infrastructure spending, Internal Revenue Service, higher corporate income tax rate  
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1105 clicks; posted to Politics » on 13 Apr 2021 at 6:08 PM (4 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



48 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-04-13 4:49:39 PM  
Counterpoint: F*ck your Pay For.
 
2021-04-13 4:53:27 PM  
Wasn't Afghanistan/Iraq about 6 and a half trillion?  Who was biatching about how that got paid for?
 
2021-04-13 5:08:49 PM  
Illustrative Options to Impose or Raise Infrastructure-Related Taxes

Policy10-Year Savings*
Impose a $25 per-metric-ton carbon tax$1.1 trillion
Increase gas and diesel tax rates by 35 cents and index to inflation $520 billion
Impose a freight tax of 30 cents per-mile for trucks and 12 cents per-mile for rail $360 billion
Impose a 10 cent per-mile vehicle miles traveled (VMT) on commercial trucks only $320 billion
Impose a $10 per-barrel oil tax $300 billion
Impose a 5 percent light-duty vehicle sales tax $200 billion
Impose a 1 cent per-mile VMT on all vehicles $150 billion
Sources: Congressional Budget Office and CRFB calculations.

*Ten-year savings are calculated over the 2022-2031 budget window.


not gonna be popular if they do those
 
2021-04-13 6:14:02 PM  
Lemonade stand?
 
2021-04-13 6:14:54 PM  
Maybe some sort of "poll tax" when everyone votes?
 
2021-04-13 6:16:42 PM  
Tax the church
Tax the rich
Tax all income the same
End the ss cap
 
2021-04-13 6:18:16 PM  
Cut military spending?
 
2021-04-13 6:19:50 PM  
A jaw-dropping number out of a congressional hearing today: $1 TRILLION in taxes go unpaid to the IRS each year. The last official estimate was that the tax gap was $441 billion over a three year period. https://t.co/G4ob7s1P9k

- Laura Davison (@laurapdavison) April 13, 2021


We leave a trillion on the table every year. Let me know when faux-deficit hawk conservatives call for fully funding the IRS.
 
2021-04-13 6:21:21 PM  
28% < 35%. Start there.

But nothing will happen when not even Democrats want to address Biden making Trump's tax cut permanent.
 
2021-04-13 6:21:35 PM  
I'm thinking it will be more taxes on the working class.
You know, those people Biden and Manchin didn't think were worthy of a more decent wage.
 
2021-04-13 6:22:00 PM  
Still not enough. Gonna go watch more DODO.
 
2021-04-13 6:22:49 PM  

whidbey: Wasn't Afghanistan/Iraq about 6 and a half trillion?  Who was biatching about how that got paid for?


Obama, and he put the costs on the books so it would be honest and everyone has biatched about it since.
 
2021-04-13 6:23:52 PM  

whidbey: Wasn't Afghanistan/Iraq about 6 and a half trillion?  Who was biatching about how that got paid for?


There's always going to be plenty of money to blow shiat up.
 
2021-04-13 6:25:17 PM  
What about about a microtax on all market trades. One percent of one percent (0.0001 or 0.01%) on all trades.  Might make the markets a little less volatile and slow down highspeed algorithm trading.

I think I calculated it once and it was about $400B a year in theoretical revenue.  Certainly $2.65T over 10 years would be easy.

Or, cut defence spending.  Or, f$ck it and don't pay for it.  Infrastructure is an asset.  Probably one of the few things you can pay for without the debt argument being as relevant.
 
2021-04-13 6:26:30 PM  
President Biden's American Jobs Plan would cost about $2.65 trillion over the next decade.

Super.

By our estimates - and before considering pay-fors - this would be enough to increase debt as a share of Gross Domestic Product (GDP) by 8 percent after a decade.

So add in the pay-fors that he included. Why did you even do this math?

The President's plan includes a number of offsetting tax increases that would fully cover the cost of his plan over 15 years, including a higher corporate income tax rate, stronger minimum taxes on global and domestic corporate income, and other corporate tax increases.

Super.

President Biden's proposed offsets deserve serious consideration.

Super.

However, we estimate that they would fall roughly $900 billion short of covering the plan's full cost over the traditional ten-year budget window,

Oh, so your math says that the debt would increase $100B/year for about ten years. I'm not impressed. We'll get lots of jobs and infrastructure from this plan. Worth it. And your math sucks.

and some supporters of new infrastructure spending have raised concerns about some of the proposed offsets.

The four links you provide; two go to articles about Manchin and two to Republicans. Again, I remain unimpressed.


That's the first paragraph. I don't have time for this shiat.
 
2021-04-13 6:27:38 PM  

Wake Up Sheeple: 28% < 35%. Start there.

But nothing will happen when not even Democrats want to address Biden making Trump's tax cut permanent.


For corporations paying zero taxes, you could increase tax rate to 349% and it wouldn't matter.
 
2021-04-13 6:30:08 PM  

whatshisname: Cut military spending?


Not even on their list of suggested federal spending cuts.

But farking with Medicare is all over the goddamn place.
 
2021-04-13 6:30:11 PM  

mrshowrules: Wake Up Sheeple: 28% < 35%. Start there.

But nothing will happen when not even Democrats want to address Biden making Trump's tax cut permanent.

For corporations paying zero taxes, you could increase tax rate to 349% and it wouldn't matter.


What an excellent idea. If they truly aren't paying any taxes, then raising that pesky tax rate back to the Obama level of 35% should be a no-brainer. So why are you against reversing Trump's tax cut?
 
2021-04-13 6:30:13 PM  
Have the rich pay the taxes they are already supposed to be paying. There, I just found $10-15 trillion over the next decade that will pay for this 5 times over.
 
2021-04-13 6:30:47 PM  
rat farker like typing detected
 
2021-04-13 6:32:29 PM  

Soup4Bonnie: rat farker like typing detected


It's bad form to invoke Matty like that.
 
2021-04-13 6:32:52 PM  
Simple: throw money at Elon Musk for a high speed rail gun subway train that'll turn out to actually be a shiatty one-lane tunnel in which you drive one of his shiatty exploding cars through at 35 mph lol.
 
2021-04-13 6:32:55 PM  
Money isn't real, just print more of it
 
2021-04-13 6:34:14 PM  

ElwoodCuse: Money isn't real, just print more of it


This but unironically!
 
2021-04-13 6:35:44 PM  

Wake Up Sheeple: mrshowrules: Wake Up Sheeple: 28% < 35%. Start there.

But nothing will happen when not even Democrats want to address Biden making Trump's tax cut permanent.

For corporations paying zero taxes, you could increase tax rate to 349% and it wouldn't matter.

What an excellent idea. If they truly aren't paying any taxes, then raising that pesky tax rate back to the Obama level of 35% should be a no-brainer. So why are you against reversing Trump's tax cut?


No trolls at Fark.
 
2021-04-13 6:36:18 PM  
just look at this shiat

If all of these funds went to actual infrastructure-related projects (they don't),

Hello Republican talking point.

As a percent of ten-year GDP, the American Jobs Plan is nearly 14 times as large as former President Donald Trump's largest proposed infrastructure plan,

Yes, the Trump Infrastructure Plan. I see. Hmmm. Yes. Let us give some serious consideration to this point. Hmmmm. Ponder.
 
2021-04-13 6:37:07 PM  

Soup4Bonnie: just look at this shiat

If all of these funds went to actual infrastructure-related projects (they don't),

Hello Republican talking point.

As a percent of ten-year GDP, the American Jobs Plan is nearly 14 times as large as former President Donald Trump's largest proposed infrastructure plan,

Yes, the Trump Infrastructure Plan. I see. Hmmm. Yes. Let us give some serious consideration to this point. Hmmmm. Ponder.


Trump's infrastructure plan? I thought that was still in the mail.
 
2021-04-13 6:37:18 PM  

Soup4Bonnie: rat farker


Don't pretend that you wouldn't.
Fark user imageView Full Size
 
2021-04-13 6:38:57 PM  

MattytheMouse: Soup4Bonnie: rat farker

Don't pretend that you wouldn't.
[Fark user image 425x568]


You always know how to get me. Keep being amazing.
 
2021-04-13 6:42:06 PM  

Bugerz: Still not enough. Gonna go watch more DODO.


Dodo?

The Dodo: Behind its heartwarming animal videos
Youtube XSOJVimaKHI
 
2021-04-13 6:44:17 PM  

GreatGlavinsGhost: Bugerz: Still not enough. Gonna go watch more DODO.

Dodo?

[iFrame https://www.youtube.com/embed/XSOJVima​KHI?autoplay=1&widget_referrer=https%3​A%2F%2Fwww.fark.com&start=0&enablejsap​i=1&origin=https%3A%2F%2Fwww.fark.com&​widgetid=1]


Gotta love a dog vid.
 
2021-04-13 6:44:43 PM  

MattytheMouse: Soup4Bonnie: rat farker

Don't pretend that you wouldn't.
[Fark user image 425x568]


It says a lot that whenever I'm scrolling through a thread, there are some pictures where I just instinctively know who posts them without even having to read the username.
 
2021-04-13 6:47:47 PM  

Wake Up Sheeple: mrshowrules: Wake Up Sheeple: 28% < 35%. Start there.

But nothing will happen when not even Democrats want to address Biden making Trump's tax cut permanent.

For corporations paying zero taxes, you could increase tax rate to 349% and it wouldn't matter.

What an excellent idea. If they truly aren't paying any taxes, then raising that pesky tax rate back to the Obama level of 35% should be a no-brainer. So why are you against reversing Trump's tax cut?


I have no issue with it but you make more money by closing loopholes and imposing deduction caps.  How about limiting what revenue companies can deduct as a factor of their labour costs.  You want to write of more revenue - hire more or increase salaries.

Or what about a 100% tax on all revenue equivalent to amounts you are paying employees under the cost of living.  Writing off any expenses or operational costs should be a privilege for people who don't count on the government to subsidizing their labour force.
 
2021-04-13 6:48:54 PM  
Cut the military budget in half. That will also give us about half money we need for universal healthcare. There. I solved it.

Where do I collect my prize?
 
2021-04-13 6:51:12 PM  

Weatherkiss: MattytheMouse: Soup4Bonnie: rat farker

Don't pretend that you wouldn't.
[Fark user image 425x568]

It says a lot that whenever I'm scrolling through a thread, there are some pictures where I just instinctively know who posts them without even having to read the username.


I've made myself a brand on Fark!
 
2021-04-13 6:55:19 PM  

GreatGlavinsGhost: Bugerz: Still not enough. Gonna go watch more DODO.

Dodo?

[iFrame https://www.youtube.com/embed/XSOJVima​KHI?autoplay=1&widget_referrer=https%3​A%2F%2Fwww.fark.com&start=0&enablejsap​i=1&origin=https%3A%2F%2Fwww.fark.com&​widgetid=1]


And yes, I'm aware they go into areas to attract media. They still bring media and money to places like Takis shelter.
 
2021-04-13 7:10:42 PM  

mrshowrules: Wake Up Sheeple: mrshowrules: Wake Up Sheeple: 28% < 35%. Start there.

But nothing will happen when not even Democrats want to address Biden making Trump's tax cut permanent.

For corporations paying zero taxes, you could increase tax rate to 349% and it wouldn't matter.

What an excellent idea. If they truly aren't paying any taxes, then raising that pesky tax rate back to the Obama level of 35% should be a no-brainer. So why are you against reversing Trump's tax cut?

I have no issue with it but you make more money by closing loopholes and imposing deduction caps.  How about limiting what revenue companies can deduct as a factor of their labour costs.  You want to write of more revenue - hire more or increase salaries.

Or what about a 100% tax on all revenue equivalent to amounts you are paying employees under the cost of living.  Writing off any expenses or operational costs should be a privilege for people who don't count on the government to subsidizing their labour force.


And you'd make even more money by restoring the tax to the Obama level of 35% AND ending loopholes. I'm glad you agree with me that Biden should not make Trump's tax cut permanent.
 
2021-04-13 7:10:53 PM  
Can we please stop pretending that Republicans are the least bit interested in spending any money to improve the country's infrastructure? God could literally manifest 5 trillion dollars directly into the U.S. Treasury and Republicans would still see no reason to do anything with it besides give it out as subsidies to farmers, churches, and the petroleum industry.

Water is the stuff in the toilet, Brawndo is for drinking.
 
2021-04-13 7:20:33 PM  

Bastet1000: Can we please stop pretending that Republicans are the least bit interested in spending any money to improve the country's infrastructure? God could literally manifest 5 trillion dollars directly into the U.S. Treasury and Republicans would still see no reason to do anything with it besides give it out as subsidies to farmers, churches, and the petroleum industry.


We know the Republicans aren't interested, that's why we're calling for the majority-party Democrats to end the filibuster and stop blaming their current self-inflicted woes on the minority-party Republicans. Democrats have full control here but refuse to use it.
 
2021-04-13 7:22:07 PM  
Corporate rate back to 35%.
Individual cap gains taxed same as regular earnings - including SS and medicare taxes taken out.
.5% tax on every single share of stock traded on any American exchange.
Let the people who benefit from the game put some skin in it for a change.
 
2021-04-13 7:26:49 PM  

Wake Up Sheeple: Bastet1000: Can we please stop pretending that Republicans are the least bit interested in spending any money to improve the country's infrastructure? God could literally manifest 5 trillion dollars directly into the U.S. Treasury and Republicans would still see no reason to do anything with it besides give it out as subsidies to farmers, churches, and the petroleum industry.

We know the Republicans aren't interested, that's why we're calling for the majority-party Democrats to end the filibuster and stop blaming their current self-inflicted woes on the minority-party Republicans. Democrats have full control here but refuse to use it.


It's not that simple. Ending the filibuster is a drastic move. It could really backfire next time republicans are in control. Remember what happened when they changed the rules for confirming judges?
 
2021-04-13 7:28:27 PM  
We pay for things?
 
2021-04-13 7:30:00 PM  

Wake Up Sheeple: Bastet1000: Can we please stop pretending that Republicans are the least bit interested in spending any money to improve the country's infrastructure? God could literally manifest 5 trillion dollars directly into the U.S. Treasury and Republicans would still see no reason to do anything with it besides give it out as subsidies to farmers, churches, and the petroleum industry.

We know the Republicans aren't interested, that's why we're calling for the majority-party Democrats to end the filibuster and stop blaming their current self-inflicted woes on the minority-party Republicans. Democrats have full control here but refuse to use it.


We are not on the same side.
 
2021-04-13 7:45:51 PM  
Raise taxes on the rich and corporations (and only offer deductions for doing constructive shiat, like hiring more workers, treating them better, meeting or exceeding federal environmental standards etc.)
Institute a wealth tax.
Tax capital gains as income.
Aggressively prosecute white-collar crime.
Erase student debt.
Institute M4A or some other form of universal health care.
Put some hefty damn limits on how much companies can charge hospitals and patients.

That's just for starters. In short: tax the people who have most of the money, and allow the people who are drowning in debt that should never have existed (college and medical) to actually have money to spend, and thus get taxed. We could pay for whatever we damn well please with that.
 
2021-04-13 8:10:28 PM  

edmo: We pay for things?


Kinda... our government basically just spends money into existence. It's a great system. Until it isn't.
 
2021-04-13 10:07:13 PM  

LordJiro: Raise taxes on the rich and corporations (and only offer deductions for doing constructive shiat, like hiring more workers, treating them better, meeting or exceeding federal environmental standards etc.)
Institute a wealth tax.
Tax capital gains as income.
Aggressively prosecute white-collar crime.
Erase student debt.
Institute M4A or some other form of universal health care.
Put some hefty damn limits on how much companies can charge hospitals and patients.

That's just for starters. In short: tax the people who have most of the money, and allow the people who are drowning in debt that should never have existed (college and medical) to actually have money to spend, and thus get taxed. We could pay for whatever we damn well please with that.


Fark user imageView Full Size


Legalize weed and tax it, cut the military budget by 25%, implement a 1% wealth tax, put a 10% VAT on corporations like Amazon, Walmart and Facebook that are profiting from the pandemic. Quit acting like there isn't enough money to help people and start farking helping people.
- James Ellars (@Ellars) July 1, 2020
 
2021-04-13 10:36:07 PM  
I say get rid of the mortgage tax deduction, child tax credits/deductions, and the repeal of the EITC. That should bring in a few hundred billion for this plan too.
 
2021-04-14 2:54:46 AM  

mrshowrules: What about about a microtax on all market trades. One percent of one percent (0.0001 or 0.01%) on all trades.  Might make the markets a little less volatile and slow down highspeed algorithm trading.

I think I calculated it once and it was about $400B a year in theoretical revenue.  Certainly $2.65T over 10 years would be easy.

Or, cut defence spending.  Or, f$ck it and don't pay for it.  Infrastructure is an asset.  Probably one of the few things you can pay for without the debt argument being as relevant.


This is the correct answer.
 
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