BREAKING: President Trump and Elon Musk are discussing a possible tax refund sent to every taxpayer

[GtHawk]

I actually agree with you there, and I hope that's what they do.
Having said that, if they decide to do the benefactor routine, I'm going to be super mad if those 'refunds' to go anyone who didn't pay into the system.

C’mon man(no offense) you know if they go the buying votes route the democraps will demand  that all the ‘undocumented’ be included. Which is just one more argument for every penny(if they still exixt) going to pay down the debt.

[catfish1957]

Another question to Musk/Trump and this tax divy fiasco

Will the Burger flipper who paid 1/100 I did, get the same rebate as me?

[IsailedawayfromFR]

I agree. I don't have that money, and won't miss it, as far as that goes. Using it to pay down the debt is the gift that keeps on giving, in terms of reduced costs to service the debt, too, which frees up more funds, which can be used to pay down the debt... and so on. It is the opposite of a death spiral.

Anyone who ever got stuck, like I did during my first oil bust, knows that the more you can reduce the interest you are paying, the more you can make your money work for you, freeing up more to reduce debt farther and faster. It takes some discipline, but it is the way back to the surface when you are underwater.

I have avoided debt as much as possible since.

By the logic prescribed, if paying down debt is the principal driver to successfully managing our financial affairs, why don't we just increase taxes to pay down even more debt then?

The key category I am capturing is that cost decreases to pay down debt will affect everyone, whereas tax increases or decreases only affects those who actually pay taxes.  Being a taxpayer, I hone in on what mostly affects me.

Tariffs affect everyone, and can also be used to pay down debt.

[berdie]

It is the fiscal equivalent of finding 20 bucks in couch money and taking the kids to Dairy Queen when the house payment is behind 110 days...

 

Great analogy.

Although the money saved from this would only be a drop in the bucket for the overall debt...it would be a start.

[jmyrlefuller]

This trial balloon is now part of the tax reduction negotiations....and could be very helpful 

And the usual suspect speaks.

[jmyrlefuller]

The whole point of this was to find savings, not to scrounge up enough for another damn handout.

[Smokin Joe]

The whole point of this was to find savings, not to scrounge up enough for another damn handout.

[GrouchoTex]

It is the fiscal equivalent of finding 20 bucks in couch money and taking the kids to Dairy Queen when the house payment is behind 110 days...

 

Agreed.

[Hoodat]

This trial balloon is now part of the tax reduction negotiations....and could be very helpful 

Helpful for what?

[libertybele]

It is the fiscal equivalent of finding 20 bucks in couch money and taking the kids to Dairy Queen when the house payment is behind 110 days...

 

Try taking the kids to Dairy Queen on 20 bucks these days ...

I catch your drift and understand what you're saying, and I agree.

[mystery-ak]

https://twitter.com/nicksortor/status/1892349507074933052

[Wingnut]

Setting the trap for liberals to react to this.  If they cry foul then what?

[mystery-ak]

https://twitter.com/bennyjohnson/status/1892348439117156748

[Hoodat]

Benny Johnson

@bennyjohnson
🚨MASSIVE BREAKING: President Trump says his administration is discussing giving 20% of ALL DOGE savings back to the American taxpayers:

"There's even under consideration a new concept where we give 20% of the DOGE savings to American citizens."

100% of DOGE savings should go towards balancing this year's budget.  We are currently running $2 trillion behind just to pay for this year.  That means that current taxpayers are already getting more than they are paying for.  They shouldn't get back any of DOGE savings.  All that money should go towards future generations - those who have had money borrowed in their name to pay for the people being served by the government today.

At least balance the budget first.  You can't be handing out 20% of $1 trillion in savings when we're still borrowing another $1 trillion to pay for the remainder.  You first need a surplus - something that hasn't happened since 1957.  And once you get a surplus, then you can start retiring debt.  Eliminate that debt, then we can talk dividends.

[IsailedawayfromFR]

100% of DOGE savings should go towards balancing this year's budget.  We are currently running $2 trillion behind just to pay for this year.  That means that current taxpayers are already getting more than they are paying for.  They shouldn't get back any of DOGE savings.  All that money should go towards future generations - those who have had money borrowed in their name to pay for the people being served by the government today.

At least balance the budget first.  You can't be handing out 20% of $1 trillion in savings when we're still borrowing another $1 trillion to pay for the remainder.  You first need a surplus - something that hasn't happened since 1957.  And once you get a surplus, then you can start retiring debt.  Eliminate that debt, then we can talk dividends.

I like the idea you have on taking the burden off future generations rather than placing more on them.

So how does tax policy play into this analysis?

Do we need to extend tax cut on Americans or should we increase taxes to reduce debt?

[240B]

The most stupid ridiculous idea ever. Sending everybody $5000 sounds wonderful, but nobody will enjoy $5000 worth of benefit as prices explode everywhere. It is like throwing gasoline on inflation. Watch car prices jump 30% directly in sync with the "dividend".

Hey! Look! I just found a hundred dollar bill in a jacket pocket of a coat in my closet! I'm goin' to the honkey-tonk tonight! And I AM GOING TO BUY DRINKS FOR EVERYBODY!! Yee-Haa!

If they want to reward 'tax payers' by what they have found, then reduce the tax rate by some amount. Flying over America dropping $100 dollar bills like confetti is the stupidest thing they could do with the money they have saved. And you know that some how, some way, fraudsters will be able to jack into the program to scam millions/billions.

If you want to reward tax payers, then simply reduce the amount of taxes to pay. That is the most simple and secure way to do it.

It is odd how the Trump/Elon team flip-flop from genius to STUPID back and forth everyday. Good Grief people. You got it right! What you are doing is great. Don't go and spoil it at the last minute.

[catfish1957]

The most stupid ridiculous idea ever. Sending everybody $5000 sounds wonderful,

Hate to sound like a greedy miser, but what's the fairness of a burger flipper getting the same $5K as me.  I've contributed close to $2M to the  IRS coffers, and what do I have to show for it?  A government $36T in debt.

[roamer_1]

I like the idea you have on taking the burden off future generations rather than placing more on them.

So how does tax policy play into this analysis?

Do we need to extend tax cut on Americans or should we increase taxes to reduce debt?

Big government, big taxes.
Small government, small taxes

Math is hard.

[DefiantMassRINO]

Burn down the Federal Government for the insurance money, and use the proceeds to pay down the National Debt.

[mystery-ak]

https://twitter.com/BehizyTweets/status/1892682358064914661

[mystery-ak]

Sorry, I'll take the dividend check...I can't trust anyone in Congress to apply it to the federal debt..they are the ones who got us in this place to begin with..Even Trump said...20% for the people..20% applied to the debt...wtf are they going to do with the other 60%....

I can make good use of a refund, just send it to me.

[DB]

Sorry, I'll take the dividend check...I can't trust anyone in Congress to apply it to the federal debt..they are the ones who got us in this place to begin with..Even Trump said...20% for the people..20% applied to the debt...wtf are they going to do with the other 60%....

I can make good use of a refund, just send it to me.

Before anything can be done the budget has to be balanced. So I'm assuming, and we know how that goes, that that 60% balances the current budget leaving 40% to pay down debt and/or distribute back to taxpayers.

[mystery-ak]

Before anything can be done the budget has to be balanced. So I'm assuming, and we know how that goes, that that 60% balances the current budget leaving 40% to pay down debt and/or distribute back to taxpayers.

That makes more sense then what has been reported so far...

[libertybele]

Before anything can be done the budget has to be balanced. So I'm assuming, and we know how that goes, that that 60% balances the current budget leaving 40% to pay down debt and/or distribute back to taxpayers.

From what I've read; 20% to taxpayers, 20% to pay down the debt and 60% to balance the budget.

I believe this to be reasonable, however, I am concerned about those taxpayers who may be 150 years old. 

[libertybele]

I think DOGE has estimated that approximately $5,000.00 will go to each taxpayer.  So, I'm not sure if that means $5,000 per joint filers or $5,000 for every individual taxpayer.

A refund would certainly help so many that are struggling, I'm just concerned that some would expect that on a monthly basis. 

Gee, maybe with an extra $5,000 we could actually afford to buy some eggs, a couple of nice beef steaks and fill up our gas tanks.