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lapfog_1

(31,266 posts)
6. it is a very regressive tax
Sat Aug 9, 2025, 10:00 AM
Aug 9

if it were to end it is not the usual tax cut that republicans like.

At the current revenue ( from us citizens ), it would account for maybe 10% of the budget per year.

The resulting inflationary costs will increase unemployment as businesses strive to keep revenue and profit margins.

A downward spiral, higher prices bringing unemployment, more poverty, ever increasing deficits will cause the Fed to raise interest rates... a recession and possible depression follows.

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