CBO: Poor Americans would lose billions under GOP tax plan

If they pass this tax reform clunker it'll be the death of the Republican Party, or at least toss them to the sidelines for a generation or so.

But the entertainment value may be worth the pain.

:popcorn:

If they pass this tax reform clunker it'll be the death of the Republican Party,

Obviously. Because look at the success tax hikers have had in recent history.

GHWB, hiked taxes in 1990, lost in 1992.
Clinton hiked taxes in 1993, lost control of the House and Senate with huge losses of seats.
I mean, 54 seats in the House and 9 in the Senate. Crazy how tax hikes are so popular!!!

The other time in recent history something like that happened was after Obamacare helped
the Dems lose 63 seats in the House in 2010.

Tax cutters do much better.
There you go. It's death to be respsonsible. Growth returned in the early 90s and even in 2012, deficits began declining and growth returned (although the Obamacare taxes didn't really have anything to do with reducing deficits or affecting stimulus)

There you go. It's death to be respsonsible.

When was Clinton ever responsible?
I'd vote for him in a NY minute to replace that loudmouthed ah there now

Yes, because he could magically cause another Internet Bubble, eh?
That was Wall Street ,,,,Clinton was the best president in your lifetime .......unless bj's bother you
 
If they pass this tax reform clunker it'll be the death of the Republican Party, or at least toss them to the sidelines for a generation or so.

But the entertainment value may be worth the pain.

:popcorn:

If they pass this tax reform clunker it'll be the death of the Republican Party,

Obviously. Because look at the success tax hikers have had in recent history.

GHWB, hiked taxes in 1990, lost in 1992.
Clinton hiked taxes in 1993, lost control of the House and Senate with huge losses of seats.
I mean, 54 seats in the House and 9 in the Senate. Crazy how tax hikes are so popular!!!

The other time in recent history something like that happened was after Obamacare helped
the Dems lose 63 seats in the House in 2010.

Tax cutters do much better.
There you go. It's death to be respsonsible. Growth returned in the early 90s and even in 2012, deficits began declining and growth returned (although the Obamacare taxes didn't really have anything to do with reducing deficits or affecting stimulus)

There you go. It's death to be respsonsible.

When was Clinton ever responsible?
I'd vote for him in a NY minute to replace that loudmouthed ah there now

Yes, because he could magically cause another Internet Bubble, eh?
Did trump blurt out ,"" this is the best sex I ever had"" about Marla Maples while cheating?? His son then about 12 heard it This is the scum in our WH NOW
 
Pres. Trump only wants to return America back to its former days of glory.

Especially, when Russian and the U.S. were allies against the nazi hoards.

We should become close comrades again and rule the western nations together. ..... :cool:
 
If they pass this tax reform clunker it'll be the death of the Republican Party,

Obviously. Because look at the success tax hikers have had in recent history.

GHWB, hiked taxes in 1990, lost in 1992.
Clinton hiked taxes in 1993, lost control of the House and Senate with huge losses of seats.
I mean, 54 seats in the House and 9 in the Senate. Crazy how tax hikes are so popular!!!

The other time in recent history something like that happened was after Obamacare helped
the Dems lose 63 seats in the House in 2010.

Tax cutters do much better.
There you go. It's death to be respsonsible. Growth returned in the early 90s and even in 2012, deficits began declining and growth returned (although the Obamacare taxes didn't really have anything to do with reducing deficits or affecting stimulus)

There you go. It's death to be respsonsible.

When was Clinton ever responsible?
I'd vote for him in a NY minute to replace that loudmouthed ah there now

Yes, because he could magically cause another Internet Bubble, eh?
That was Wall Street ,,,,Clinton was the best president in your lifetime .......unless bj's bother you

Clinton didn't cause the Internet?
Then why do you feel he was a good president?
 
I have an 85 year old widower cousin who is bedridden in a nursing home, and able to remain there because of Medicaid. He will never be ambulatory again, and Medicare does not pay for this. But, the GOP, and Trump, have decided that he is a moocher, and should not be soaking up tax dollars that really should be going to corporations and the rich. I have no idea what will become of him under the new tax bill. As he told me on the phone last month, "With luck, I'll be dead by then".
 
Pres. Trump only wants to return America back to its former days of glory.

Especially, when Russian and the U.S. were allies against the nazi hoards.

We should become close comrades again and rule the western nations together. ..... :cool:
Trump has a nasty habit of defending nazis. There’s your theory, flying out the window. I suggest you try diving after it.
 
They forced us to buy car insurance, now no one even thinks about it. starting people early having to think about health ins is a good thing. its not any of our faults that between big business & government they figure out how to make every thing we must have cost more money, require complicated paper work.

No one is forced to purchase car insurance, that simply is untrue.
Only if you never plan on driving, try living in a smaller town with out a car.
 
There you go. It's death to be respsonsible. Growth returned in the early 90s and even in 2012, deficits began declining and growth returned (although the Obamacare taxes didn't really have anything to do with reducing deficits or affecting stimulus)

There you go. It's death to be respsonsible.

When was Clinton ever responsible?
I'd vote for him in a NY minute to replace that loudmouthed ah there now

Yes, because he could magically cause another Internet Bubble, eh?
That was Wall Street ,,,,Clinton was the best president in your lifetime .......unless bj's bother you

Clinton didn't cause the Internet?
Then why do you feel he was a good president?
How many more do you want Todd


Prosperity

  • Longest economic expansion in American history
    The President's strategy of fiscal discipline, open foreign markets and investments in the American people helped create the conditions for a record 115 months of economic expansion. Our economy has grown at an average of 4 percent per year since 1993.



  • More than 22 million new jobs
    More than 22 million jobs were created in less than eight years -- the most ever under a single administration, and more than were created in the previous twelve years.



  • Highest homeownership in American history
    A strong economy and fiscal discipline kept interest rates low, making it possible for more families to buy homes. The homeownership rate increased from 64.2 percent in 1992 to 67. 7 percent, the highest rate ever.



  • Lowest unemployment in 30 years
    Unemployment dropped from more than 7 percent in 1993 to just 4.0 percent in November 2000. Unemployment for African Americans and Hispanics fell to the lowest rates on record, and the rate for women is the lowest in more than 40 years.



  • Raised education standards, increased school choice, and doubled education and training investment
    Since 1992, reading and math scores have increased for 4th, 8th, and 12th graders, math SAT scores are at a 30-year high, the number of charter schools has grown from 1 to more than 2,000, forty-nine states have put in place standards in core subjects and federal investment in education and training has doubled.



  • Largest expansion of college opportunity since the GI Bill
    President Clinton and Vice President Gore have nearly doubled financial aid for students by increasing Pell Grants to the largest award ever, expanding Federal Work-Study to allow 1 million students to work their way through college, and by creating new tax credits and scholarships such as Lifetime Learning tax credits and the HOPE scholarship. At the same time, taxpayers have saved $18 billion due to the decline in student loan defaults, increased collections and savings from the direct student loan program.



  • Connected 95 percent of schools to the Internet
    President Clinton and Vice President Gore's new commitment to education technology, including the E-Rate and a 3,000 percent increase in educational technology funding, increased the percentage of schools connected to the Internet from 35 percent in 1994 to 95 percent in 1999.



  • Lowest crime rate in 26 years
    Because of President Clinton's comprehensive anti-crime strategy of tough penalties, more police, and smart prevention, as well as common sense gun safety laws, the overall crime rate declined for 8 consecutive years, the longest continuous drop on record, and is at the lowest level since 1973.



  • 100,000 more police for our streets
    As part of the 1994 Crime Bill, President Clinton enacted a new initiative to fund 100,000 community police officers. To date more than 11,000 law enforcement agencies have received COPS funding.



  • Enacted most sweeping gun safety legislation in a generation
    Since the President signed the Brady bill in 1993, more than 600,000 felons, fugitives, and other prohibited persons have been stopped from buying guns. Gun crime has declined 40 percent since 1992.



  • Family and Medical Leave Act for 20 million Americans
    To help parents succeed at work and at home, President Clinton signed the Family and Medical Leave Act in 1993. Over 20 million Americans have taken unpaid leave to care for a newborn child or sick family member.



  • Smallest welfare rolls in 32 years
    The President pledged to end welfare as we know it and signed landmark bipartisan welfare reform legislation in 1996. Since then, caseloads have been cut in half, to the lowest level since 1968, and millions of parents have joined the workforce. People on welfare today are five times more likely to be working than in 1992.



  • Higher incomes at all levels
    After falling by nearly $2,000 between 1988 and 1992, the median family's income rose by $6,338, after adjusting for inflation, since 1993. African American family income increased even more, rising by nearly $7,000 since 1993. After years of stagnant income growth among average and lower income families, all income brackets experienced double-digit growth since 1993. The bottom 20 percent saw the largest income growth at 16.3 percent.



  • Lowest poverty rate in 20 years
 
There you go. It's death to be respsonsible.

When was Clinton ever responsible?
I'd vote for him in a NY minute to replace that loudmouthed ah there now

Yes, because he could magically cause another Internet Bubble, eh?
That was Wall Street ,,,,Clinton was the best president in your lifetime .......unless bj's bother you

Clinton didn't cause the Internet?
Then why do you feel he was a good president?
How many more do you want Todd


Prosperity

  • Longest economic expansion in American history
    The President's strategy of fiscal discipline, open foreign markets and investments in the American people helped create the conditions for a record 115 months of economic expansion. Our economy has grown at an average of 4 percent per year since 1993.



  • More than 22 million new jobs
    More than 22 million jobs were created in less than eight years -- the most ever under a single administration, and more than were created in the previous twelve years.



  • Highest homeownership in American history
    A strong economy and fiscal discipline kept interest rates low, making it possible for more families to buy homes. The homeownership rate increased from 64.2 percent in 1992 to 67. 7 percent, the highest rate ever.



  • Lowest unemployment in 30 years
    Unemployment dropped from more than 7 percent in 1993 to just 4.0 percent in November 2000. Unemployment for African Americans and Hispanics fell to the lowest rates on record, and the rate for women is the lowest in more than 40 years.



  • Raised education standards, increased school choice, and doubled education and training investment
    Since 1992, reading and math scores have increased for 4th, 8th, and 12th graders, math SAT scores are at a 30-year high, the number of charter schools has grown from 1 to more than 2,000, forty-nine states have put in place standards in core subjects and federal investment in education and training has doubled.



  • Largest expansion of college opportunity since the GI Bill
    President Clinton and Vice President Gore have nearly doubled financial aid for students by increasing Pell Grants to the largest award ever, expanding Federal Work-Study to allow 1 million students to work their way through college, and by creating new tax credits and scholarships such as Lifetime Learning tax credits and the HOPE scholarship. At the same time, taxpayers have saved $18 billion due to the decline in student loan defaults, increased collections and savings from the direct student loan program.



  • Connected 95 percent of schools to the Internet
    President Clinton and Vice President Gore's new commitment to education technology, including the E-Rate and a 3,000 percent increase in educational technology funding, increased the percentage of schools connected to the Internet from 35 percent in 1994 to 95 percent in 1999.



  • Lowest crime rate in 26 years
    Because of President Clinton's comprehensive anti-crime strategy of tough penalties, more police, and smart prevention, as well as common sense gun safety laws, the overall crime rate declined for 8 consecutive years, the longest continuous drop on record, and is at the lowest level since 1973.



  • 100,000 more police for our streets
    As part of the 1994 Crime Bill, President Clinton enacted a new initiative to fund 100,000 community police officers. To date more than 11,000 law enforcement agencies have received COPS funding.



  • Enacted most sweeping gun safety legislation in a generation
    Since the President signed the Brady bill in 1993, more than 600,000 felons, fugitives, and other prohibited persons have been stopped from buying guns. Gun crime has declined 40 percent since 1992.



  • Family and Medical Leave Act for 20 million Americans
    To help parents succeed at work and at home, President Clinton signed the Family and Medical Leave Act in 1993. Over 20 million Americans have taken unpaid leave to care for a newborn child or sick family member.



  • Smallest welfare rolls in 32 years
    The President pledged to end welfare as we know it and signed landmark bipartisan welfare reform legislation in 1996. Since then, caseloads have been cut in half, to the lowest level since 1968, and millions of parents have joined the workforce. People on welfare today are five times more likely to be working than in 1992.



  • Higher incomes at all levels
    After falling by nearly $2,000 between 1988 and 1992, the median family's income rose by $6,338, after adjusting for inflation, since 1993. African American family income increased even more, rising by nearly $7,000 since 1993. After years of stagnant income growth among average and lower income families, all income brackets experienced double-digit growth since 1993. The bottom 20 percent saw the largest income growth at 16.3 percent.



  • Lowest poverty rate in 20 years

The President's strategy of fiscal discipline, open foreign markets and investments in the American people helped create the conditions for a record 115 months of economic expansion. Our economy has grown at an average of 4 percent per year since 1993.

This awesome growth was all due to NAFTA?
 

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