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"Republicans Senators are working hard to pass the biggest Tax Cuts in the history of our Country.
...AT A TIME WHEN ECONOMY IS DOING WELL AND DEFICITS ARE HEADED FOR A HUGE DISASTER!
This is not good, this is good ol' thought-free tax-cut cult.
The 47% refers to the people who pay Zero net federal income tax.Why are we not considering all taxes & there effect? where does this 47 % pay no taxes come from. after 5 years of retirement we expect to break even this fed tax year. yet we still paid 10% each fed&state tax on stock sold. we still pay taxes on property, at the grocery store, the gas pump on utility bills you name it they tax it. who the heck pays nothing the guy living under a bridge? some one sold you a line, sure we have a % of people using the system that don't work, & it makes a lot of us angry. but most people work or have worked. why focus on them, why not the real bums, those who miss handle our money, spend trillions like drunken sailors on leave.
the people who pay no taxes are college kids, unemployed, disabled and some of the aged on SS. If you want to live in a third world country go to Ethiopia. If you want to leave in a theocracy go to Saudi Arabia.
So if you want your taxes lowered, that means you want to live in Ethiopia?
Do you really not understand why people think snowflakes are a bunch of dumbasses?
That's exactly right.1 year after trumps out of office Paul Ryan’s going to say we’re broke and need to make cuts to social security and MedicareAs usual, DemocRATs scream how it “favors the rich” and “raises taxes on the middle class.” And, as usual, it’s nothing but bull poop! This article spells out some of the truths and is worth reading.
Regarding the middle class, Democrats fail to mention that under the new House plan, the standardized deduction would almost double from $6,350 to over $12,000 for single filers, and $12,700 to $24,000 for married couples filing jointly. That means the number of Americans who claim the standard deduction would likely go from 60 percent of all filers to 90 percent.
Critics also fail to mention that the tax credit per child would increase from $1,000 to $1,600.
Additionally, critics don’t admit that the impact of simplifying the tax code would disproportionately help lower- and middle-income taxpayers, most of whom would be able to file their taxes using a simple postcard.
More @ Don't Believe the Democrat Attacks on Tax Reform. Here Are the Facts.
The problem for these white wingers is they somehow think Republican's policies will only harm minorities. That somehow, being white, they will be spared.
Harsh. Finding out the truth. The Republican leadership squats on you. Squats and lets loose.
How will cutting taxes harm minorities, nimrod? How will it harm anyone?
Because when we fall into a deficit when lowering taxes, then the GOP will need to cut spending, Medicaid, Chip, Medicare, all social programs.
The 47% refers to the people who pay Zero net federal income tax.Why are we not considering all taxes & there effect? where does this 47 % pay no taxes come from. after 5 years of retirement we expect to break even this fed tax year. yet we still paid 10% each fed&state tax on stock sold. we still pay taxes on property, at the grocery store, the gas pump on utility bills you name it they tax it. who the heck pays nothing the guy living under a bridge? some one sold you a line, sure we have a % of people using the system that don't work, & it makes a lot of us angry. but most people work or have worked. why focus on them, why not the real bums, those who miss handle our money, spend trillions like drunken sailors on leave.
the people who pay no taxes are college kids, unemployed, disabled and some of the aged on SS. If you want to live in a third world country go to Ethiopia. If you want to leave in a theocracy go to Saudi Arabia.
So if you want your taxes lowered, that means you want to live in Ethiopia?
Do you really not understand why people think snowflakes are a bunch of dumbasses?
we do not need a change to taxes at this time , yes if the GOP had their way this will be a third world country.
The rich and the poor.
"Republicans Senators are working hard to pass the biggest Tax Cuts in the history of our Country.
...AT A TIME WHEN ECONOMY IS DOING WELL AND DEFICITS ARE HEADED FOR A HUGE DISASTER!
This is not good, this is good ol' thought-free tax-cut cult.
Yeah, the CBO has done a great job of predicting the economic consequences of tax legislation!
"Republicans Senators are working hard to pass the biggest Tax Cuts in the history of our Country.
...AT A TIME WHEN ECONOMY IS DOING WELL AND DEFICITS ARE HEADED FOR A HUGE DISASTER!
This is not good, this is good ol' thought-free tax-cut cult.
Yeah, the CBO has done a great job of predicting the economic consequences of tax legislation!
Yea, they have done so good in fact that they are FOREMOST FORECASTING AGENCY.
In absence of functional crystal balls we have to go on best information and analysis available - that's one of those things adults tend to learn as they grow up.
Our population is aging, baby boomers are retiring and our medical bills are correspondingly increasing while worker-to-dependant ratio is worsening. That is the non-partisan, demographic reality that is driving our deficit forecasts. To now start taxing LESS as this wave of deficits is incoming is exactly OPPOSITE of adhering to sound budgeting plan and fiscal sanity.
It won't be your taxes that are cut 80% ya fucking fool. If they cut taxes for the rich, your taxes will go up. There will be haves and have nots. Are you sure you'll be a have? You don't seem like a have. You seem more like a have not.The 47% refers to the people who pay Zero net federal income tax.Why are we not considering all taxes & there effect? where does this 47 % pay no taxes come from. after 5 years of retirement we expect to break even this fed tax year. yet we still paid 10% each fed&state tax on stock sold. we still pay taxes on property, at the grocery store, the gas pump on utility bills you name it they tax it. who the heck pays nothing the guy living under a bridge? some one sold you a line, sure we have a % of people using the system that don't work, & it makes a lot of us angry. but most people work or have worked. why focus on them, why not the real bums, those who miss handle our money, spend trillions like drunken sailors on leave.
the people who pay no taxes are college kids, unemployed, disabled and some of the aged on SS. If you want to live in a third world country go to Ethiopia. If you want to leave in a theocracy go to Saudi Arabia.
So if you want your taxes lowered, that means you want to live in Ethiopia?
Do you really not understand why people think snowflakes are a bunch of dumbasses?
we do not need a change to taxes at this time , yes if the GOP had their way this will be a third world country.
The rich and the poor.
High taxes do not make the economy grow, dingbat. We need to cut taxes by at least 80%.
If they would use dynamic scoring there would be no addition to the debt
.
Did you just make this up? No Dynamic Scoring shows that growth will offset anywhere near the volume of the cost
The congressional Joint Committee on Taxation said Wednesday afternoon that the Senate tax bill would add $1 trillion to federal budget deficits over the next decade, even after accounting for additional economic growth, a major blow to Republicans’ contention that the $1.5 trillion tax cuts in the bill will pay for themselves through growth. […]
The committee said economic growth generated by the tax cut will offset losses by about $458 billion over the next decade. Over that same period, an additional $51 billion will be needed to pay interest on the additional debt the government will borrow to pay for the tax cuts.
Official new report: Republican tax cuts won't pay for themselves
What was the exact grown prediction in that calculation?
.
I've got an idea, why don't you read up on it, understand it, form an opinion based on something and THEN comeback here to make a counter argument.
That is much better than simply making things up out of thin air.
So what you're saying is you have no clue what projected growth was calculated in those estimates. And the fact is they don't say in their report.
.
Lol - do you have ANYTHING positive to say to make ANY sort of counter argument??
I gave you serious dynamic scoring, by serious economists, you gave us NOTHING to support your rediculous assertion that these tax-cuts will be a self-financing free lunch with nothing but upsides, rainbows and unicorns.
There is a pervasive intellectual brain drain on the right and it seems to be only getting worse and worse (see election of Trump the clown).
How about you discuss the actual bill instead of irrelevancies?
Can you explain why increasing debt by 1.7T dollar to prop up "WINNING!" economy with tax cuts for the rich is such a great idea???
Stop lying then we can discuss the issue.
What am I lying about?
DISCUSS.
I'm growing tired of the left's 40 year old 'tax cuts for the rich' talking point nonsense. If you want to have a rational discussion on this topic, which could be bipartisan and thoughtful, check your talking points at the door.
What is "irrational" about not wanting to give those ALREADY DOING GREAT in this country yet another huge tax-cut at expense of blowing yet another hole in Federal budgets?
You are bailing on rational discussion because you know this tax-cut bill is ridiculous.
Christ almighty...lets discuss FACTS not talking points. This bill caps one of the biggest deductions for the 'rich' the mortgage interest deduction on homes. The vast majority of Americans are not effected by this, the rich they got screwed. Here's another the deduction for state income and sales taxes, eliminated. The poor and middle class get a pass, an increase in the standard deduction to offset this. The 'rich' again get screwed.
it isn't about stimulating the economy by giving the middle class a break. the stimulation comes from the corporate tax break. hly fk you all truly get lost easily.again, the wealthy aren't getting anything. so a hundred a month is 1200 a year. And you find that insignificant. Now that is truly funny. it's almost a ten percent saving to a group that hasn't seen jack shit since 2003.Most of the so called middle class pay very little income tax anywayMost middle class folk will get a very small decrease. Why didn't they propose a much larger decrease only for the middle class? If you want extra money in peoples hands then do it. A couple hundred will not spur job growth or more importantly massive wage increases....like double as we have been told.
Right, so how does doubling a deduction offer any relief for those folks?
It's a gimmick designed to make it look good.
A hundred extra bucks a month isn't much to crow about when compared to the saving corps and the wealthy will realize.
you find that insignificant
It is.
It will have zero stimulative effect on the econmy.
The fact that you think $100 extra a month would change the quality of life for anyone in the middle class is laughable.
I'm good with that. Mike Rowe has been saying it for two years now. So why hasn't it been done? the tax bill does address lowering middle class taxes.it isn't about stimulating the economy by giving the middle class a break. the stimulation comes from the corporate tax break. hly fk you all truly get lost easily.again, the wealthy aren't getting anything. so a hundred a month is 1200 a year. And you find that insignificant. Now that is truly funny. it's almost a ten percent saving to a group that hasn't seen jack shit since 2003.Most of the so called middle class pay very little income tax anyway
Right, so how does doubling a deduction offer any relief for those folks?
It's a gimmick designed to make it look good.
A hundred extra bucks a month isn't much to crow about when compared to the saving corps and the wealthy will realize.
you find that insignificant
It is.
It will have zero stimulative effect on the econmy.
The fact that you think $100 extra a month would change the quality of life for anyone in the middle class is laughable.
The fact is that you have a large number of good paying jobs that businesses cannot fill. Training people to fill those jobs would be as stimulative as tax cuts. The business tax cuts should be done by repealing tax breaks for businesses not raising taxes on the middle class and diverting that money to business tax cuts.
As everyone knows, any corporate taxes are passed on to the consumer in the price for the goods and services consumed. So the corporate tax IS a consumption tax, and we are told by the CON$ that corporate taxes are bad but consumption taxes are "fair."that's the corporate tax isn't it?Tramp is cutting the consumption tax from 35% to 20%.We need to scrap our income tax completely and either institute a flat tax on income or a consumption tax.
As far as I know we do not have a consumption tax in the US
I can't wait for prices to all go down after this big corporate tax break. I'm sure it will happen...
Who claimed it would make prices go down?
we are not saying that, we are agreeing with the legislature that it makes sense to do that.As everyone knows, any corporate taxes are passed on to the consumer in the price for the goods and services consumed. So the corporate tax IS a consumption tax, and we are told by the CON$ that corporate taxes are bad but consumption taxes are "fair."that's the corporate tax isn't it?Tramp is cutting the consumption tax from 35% to 20%.
As far as I know we do not have a consumption tax in the US
I can't wait for prices to all go down after this big corporate tax break. I'm sure it will happen...
Who claimed it would make prices go down?
You people are the ones who are claiming that if corporations bring all that cash home it will benefit the workers. The fact is that it will not. Corporations will do one of 3 things. They will either keep the cash, use it for acquisitions, or stock buybacks. It will not benefit the average person in any way.
I'm good with that. Mike Rowe has been saying it for two years now. So why hasn't it been done? the tax bill does address lowering middle class taxes.it isn't about stimulating the economy by giving the middle class a break. the stimulation comes from the corporate tax break. hly fk you all truly get lost easily.again, the wealthy aren't getting anything. so a hundred a month is 1200 a year. And you find that insignificant. Now that is truly funny. it's almost a ten percent saving to a group that hasn't seen jack shit since 2003.Right, so how does doubling a deduction offer any relief for those folks?
It's a gimmick designed to make it look good.
A hundred extra bucks a month isn't much to crow about when compared to the saving corps and the wealthy will realize.
you find that insignificant
It is.
It will have zero stimulative effect on the econmy.
The fact that you think $100 extra a month would change the quality of life for anyone in the middle class is laughable.
The fact is that you have a large number of good paying jobs that businesses cannot fill. Training people to fill those jobs would be as stimulative as tax cuts. The business tax cuts should be done by repealing tax breaks for businesses not raising taxes on the middle class and diverting that money to business tax cuts.
how you figure the rich win? explain. and one has to define what is middle class. I've been waiting since 2015 for that one.I'm good with that. Mike Rowe has been saying it for two years now. So why hasn't it been done? the tax bill does address lowering middle class taxes.it isn't about stimulating the economy by giving the middle class a break. the stimulation comes from the corporate tax break. hly fk you all truly get lost easily.again, the wealthy aren't getting anything. so a hundred a month is 1200 a year. And you find that insignificant. Now that is truly funny. it's almost a ten percent saving to a group that hasn't seen jack shit since 2003.
you find that insignificant
It is.
It will have zero stimulative effect on the econmy.
The fact that you think $100 extra a month would change the quality of life for anyone in the middle class is laughable.
The fact is that you have a large number of good paying jobs that businesses cannot fill. Training people to fill those jobs would be as stimulative as tax cuts. The business tax cuts should be done by repealing tax breaks for businesses not raising taxes on the middle class and diverting that money to business tax cuts.
The tax bill is a mixed bag for the middle class. some will see their taxes go up. The rich win across the board. That does not sound like a tax cut to me. Everybody saw tax cuts under the Reagan tax plan.
we are not saying that, we are agreeing with the legislature that it makes sense to do that.As everyone knows, any corporate taxes are passed on to the consumer in the price for the goods and services consumed. So the corporate tax IS a consumption tax, and we are told by the CON$ that corporate taxes are bad but consumption taxes are "fair."that's the corporate tax isn't it?
As far as I know we do not have a consumption tax in the US
I can't wait for prices to all go down after this big corporate tax break. I'm sure it will happen...
Who claimed it would make prices go down?
You people are the ones who are claiming that if corporations bring all that cash home it will benefit the workers. The fact is that it will not. Corporations will do one of 3 things. They will either keep the cash, use it for acquisitions, or stock buybacks. It will not benefit the average person in any way.
So a guy working a job without any investments outside of a work provided IRA has a more difficult tax return than Trump.As usual, DemocRATs scream how it “favors the rich” and “raises taxes on the middle class.” And, as usual, it’s nothing but bull poop! This article spells out some of the truths and is worth reading.
Regarding the middle class, Democrats fail to mention that under the new House plan, the standardized deduction would almost double from $6,350 to over $12,000 for single filers, and $12,700 to $24,000 for married couples filing jointly. That means the number of Americans who claim the standard deduction would likely go from 60 percent of all filers to 90 percent.
Critics also fail to mention that the tax credit per child would increase from $1,000 to $1,600.
Additionally, critics don’t admit that the impact of simplifying the tax code would disproportionately help lower- and middle-income taxpayers, most of whom would be able to file their taxes using a simple postcard.
More @ Don't Believe the Democrat Attacks on Tax Reform. Here Are the Facts.
not at all, I say it will eventually create new jobs once back, but getting that money back to be taxed is huge. not sure why you don't support that.we are not saying that, we are agreeing with the legislature that it makes sense to do that.As everyone knows, any corporate taxes are passed on to the consumer in the price for the goods and services consumed. So the corporate tax IS a consumption tax, and we are told by the CON$ that corporate taxes are bad but consumption taxes are "fair."
I can't wait for prices to all go down after this big corporate tax break. I'm sure it will happen...
Who claimed it would make prices go down?
You people are the ones who are claiming that if corporations bring all that cash home it will benefit the workers. The fact is that it will not. Corporations will do one of 3 things. They will either keep the cash, use it for acquisitions, or stock buybacks. It will not benefit the average person in any way.
Yes you are. Supporters are claiming that bringing that money home will create jobs or raise the pay of workers. It will not. I do not disagree with lowering taxes on money brought back into the US, it will not benefit the average person. It will benefit the rich.
