deanrd
Gold Member
- May 8, 2017
- 29,411
- 3,642
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- Banned
- #41
Yea, 20 Trillion.Is huge more than $20 trillion?It's worse than that. There is nothing in this bill that protects us from a huge deficit.In 2018, your taxes will go down and your after-tax income will go up 0.7%.Here's what Trump's tax plan means for a family of four making $25,000, $75,000, or $175,000Can you just imagine how much people making 25 thousand a year can do with 60 bucks? That's like 5 dollars a month. You could buy one grande nonfat no foam latte at 120 degrees from Starbucks.
Hearing the GOP talk about "we are doubling this and tripling that" broken down into real dollars and cents is an eye opener.
And if you make 50 to 75 grand? OMG! Almost 900 dollars! You could use it to pay for that Obamacare you can only afford if you pay like 10 times that amount.
Wow! Republicans once again really doing a number on the American people.
Full Text of GOP Tax Scam:
Read the full GOP tax bill
Trump stands to save millions under new tax measure, experts say
House Speaker Paul D. Ryan (R-Wis.) saying this week, “For all those millions of Americans struggling paycheck to paycheck, help is on the way.”
But the biggest chunk of the plan offers a stark and permanent tax cut for American companies, dropping the corporate rate from 35 percent to 21 percent.
Income-tax rates for everyone will drop temporarily, though the financial impact will be largely concentrated at the top. Families earning less than $25,000 a year would receive an average tax cut of $60; families making between $50,000 and $75,000 will get an average cut of $890; and families making more than $1 million would get an average cut of nearly $70,000, the nonpartisan Tax Policy Center said.
If you are a family with an income of $25,000 a year you aren’t paying any taxes, dipshit
Go down to the part that starts with: Family of four with two children under 17, $25,000 household income
Use this calculator to see how the tax bill affects your paycheck - CNNPolitics
They could phase the tax cuts to see their affect. Or make them the first two years and if the economy doesn't meet benchmarks, the cuts are rescinded. There's a bunch of ways. But Republicans refused to even discuss it.
Because THEY DON'T CARE!
You can't defend these awful people. Anyone who believes this GOP leadership should have their heads examined. Especially after Bush and the GOP and their destruction of the economy and their unpaid for wars.
Let's see:
Bush Tax cuts 3 trillion
Two unpaid for wars 2 trillion
rebuilding Iraq 1 trillion
Medicare part D 1.5 trillion
Then the country was losing jobs at the rate of 750,000 a month and all that revenue paid out as unemployment
Millions of jobs moved to China and Mexico from 2001 to 2009 and all that revenue was lost and Republicans even helped companies to move with tax cuts
And then, in 2009, Bush and the GOP handed it all to Obama. Obama couldn't even bring in revenue to help because of the GOP damage. But he managed to help us dig out.
But don't worry. The GOP is out to finish the job they started under Bush.