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In March of 2016, then-candidate Donald Trump told The Washington Post he could eliminate the entire U.S. debt in eight years. Now that he’s president, Trump is doing the exact opposite.
Trump’s budget — his own budget — projects debt held by the public will hit $22.8 trillion by 2025, more than 50 percent higher than the year he took office. (Debt held by the public was $14.7 trillion in 2017.)
That’s the rosy forecast. Trump’s budget relies on “gimmicks” to keep the debt rising by “only” that much, experts across the political spectrum say. Trump predicts the economy will grow at a home-run pace with no recessions for the next decade, and he proposes massive cuts to education, health care and other nondefense parts of the budget that will not be enacted.
The Double Irish is a base erosion and profit shifting ("BEPS") corporate tax tool, used mostly by U.S. multinationals since the late 1980s, to avoid corporate taxation on most non–U.S. profits.[a] It is the largest tax avoidance tool in history and by 2010, was shielding US$100 billion annually in U.S. multinational foreign profits from taxation
originally posted by: Southern Guardian
a reply to: UKTruth
Context is key here but I trust you already know that UK. I also trust you’re aware the GOP has held control of Congress 9 out of the last 10 years. You know? Congress? The national purse?
In March of 2016, then-candidate Donald Trump told The Washington Post he could eliminate the entire U.S. debt in eight years.
Trump vowed to eliminate debt in 8 years.
originally posted by: strongfp
a reply to: Bluntone22
Yes, he's relied on other people and laws to do it for him. Like every aspect of his life. It's easy when you can just throw money at people to fix all your problems.