GOP reveals deficit-financed tax cut package

[The Derp]

Will add at least $1.5T to the debt without producing any growth to compensate for the drop in revenue. Just like what happened during Bush the Dumber, just like what happened with Brownback in Kansas. Conservatives are a broken record with this deficit-financed tax cutting proposal; they swear this time there will be enough growth to compensate for the loss of revenue. Of course, we have no reason to believe them now, just like we had no reason to believe them in Kansas in 2012, or in DC in 2001.

Never once have Conservative tax cuts ever delivered on any of the promises made of them.

 

[BluesLegend]

Blue states like NY, NJ, and CA are going to get screwed on this deal. Deductions for state and local taxes will be trimmed, and a cap placed on local property tax deduction. Ouch!

 

[The Derp]

Blue states like NY, NJ, and CA are going to get screwed on this deal. Deductions for state and local taxes will be trimmed, and a cap placed on local property tax deduction. Ouch!

Yeah, all to give the wealthy a huge tax cut. Conservatives sold their soul to Trump and Russia in order to get their deficit-financed tax cuts. That's why they haven't taken any action against Trump; party before country.

 

[BluesLegend]

Blue states like NY, NJ, and CA are going to get screwed on this deal. Deductions for state and local taxes will be trimmed, and a cap placed on local property tax deduction. Ouch!

Yeah, all to give the wealthy a huge tax cut. Conservatives sold their soul to Trump and Russia in order to get their deficit-financed tax cuts. That's why they haven't taken any action against Trump; party before country.

Do you have any details on this "huge tax cut" for the wealthy?

 

[The Derp]

Do you have any details on this "huge tax cut" for the wealthy?

• New York Times: Drumpf Tax Plan Benefits Wealthy, Including Drumpf
• CNBC: Rich could get nearly $2 trillion tax cut under Drumpf's tax loophole
• WaPo: Drumpf’s tax ‘reform’ looks like tax cuts for the rich
• Reuters: Rich would benefit most from Drumpf tax cut plan: policy group
• Factcheck: Drumpf’s Tax Plan and ‘the Rich’
• Business Insider: Drumpf's 'small business' tax cut is actually for rich people like Drumpf

At this point, anyone still defending supply-side, trickle-down, voodoo economics is either in denial, or is a propagandist.

 

[BluesLegend]

Do you have any details on this "huge tax cut" for the wealthy?

• New York Times: Drumpf Tax Plan Benefits Wealthy, Including Drumpf
• CNBC: Rich could get nearly $2 trillion tax cut under Drumpf's tax loophole
• WaPo: Drumpf’s tax ‘reform’ looks like tax cuts for the rich
• Reuters: Rich would benefit most from Drumpf tax cut plan: policy group
• Factcheck: Drumpf’s Tax Plan and ‘the Rich’
• Business Insider: Drumpf's 'small business' tax cut is actually for rich people like Drumpf

At this point, anyone still defending supply-side, trickle-down, voodoo economics is either in denial, or is a propagandist.

Since the 'rich' already pay the lions share of the taxes naturally they will benefit from tax cuts.

 

[The Derp]

Since the 'rich' already pay the lions share of the taxes naturally they will benefit from tax cuts.

The only reason why the rich pay a larger share of the burden is because you fucking idiots cut taxes.

So you cut taxes, which increased the burden on the rich, and your remedy for that is to...cut taxes further.

What a fucking idiot.

 

[BluesLegend]

Since the 'rich' already pay the lions share of the taxes naturally they will benefit from tax cuts.

The only reason why the rich pay a larger share of the burden is because you fucking idiots cut taxes.

So you cut taxes, which increased the burden on the rich, and your remedy for that is to...cut taxes further.

What a fucking idiot.

I think you are having a mental breakdown

 

[jc456]

Will add at least $1.5T to the debt without producing any growth to compensate for the drop in revenue. Just like what happened during Bush the Dumber, just like what happened with Brownback in Kansas. Conservatives are a broken record with this deficit-financed tax cutting proposal; they swear this time there will be enough growth to compensate for the loss of revenue. Of course, we have no reason to believe them now, just like we had no reason to believe them in Kansas in 2012, or in DC in 2001.

Never once have Conservative tax cuts ever delivered on any of the promises made of them.

so Derp, do you know how much is added to the debt doing nothing? just curious. what was the last year's increase?

 

[sartre play]

Kansas was sold as a test case, that if you gave the money to the big Corps it would trickle down & create jobs. Kansas went in the toilet, still there. the county I use to live in just raised property taxes by 24%

 

[bripat9643]

Will add at least $1.5T to the debt without producing any growth to compensate for the drop in revenue. Just like what happened during Bush the Dumber, just like what happened with Brownback in Kansas. Conservatives are a broken record with this deficit-financed tax cutting proposal; they swear this time there will be enough growth to compensate for the loss of revenue. Of course, we have no reason to believe them now, just like we had no reason to believe them in Kansas in 2012, or in DC in 2001.

Never once have Conservative tax cuts ever delivered on any of the promises made of them.

Wrong.

 

[bripat9643]

Since the 'rich' already pay the lions share of the taxes naturally they will benefit from tax cuts.

The only reason why the rich pay a larger share of the burden is because you fucking idiots cut taxes.

So you cut taxes, which increased the burden on the rich, and your remedy for that is to...cut taxes further.

What a fucking idiot.

So you believe the government should raise taxes on the poor and the middle class?

 

[MarkDuffy]

House GOP keeps tax loophole for hedge fund managers

The tax plan released Thursday by House Republicans would maintain the "carried interest" loophole, which benefits managers of hedge funds, private equity funds, venture capital funds, real estate funds and other types of investment partnerships.

Why it matters: President Trump had pledged to change this tax treatment during the campaign, and Treasury Sec. Steve Mnuchin has reaffirmed that pledge repeatedly, at least in regards to hedge funds. White House chief economic advisor Gary Cohn has said the same.

• Facts matter: Taxing "carried interest"

House GOP keeps tax loophole for hedge fund managers

Gee, wonder who this helps?

trump liar again

 

[BluesLegend]

Hillary vowed to increase my taxes so I voted for Trump. Plus she's a lying corrupt POS so there's that.

No one believes for a second that you're wealthy, and your taxes are going to go up anyway now, thanks to Conservatives capping deductions.

So you lost twice.

LOL I live in a state with no state income tax my property taxes are well below the cap as is my mortgage interest I'm sitting pretty.

 

[Dont Taz Me Bro]

Will add at least $1.5T to the debt without producing any growth to compensate for the drop in revenue.

How do you know that?

 

[The Derp]

How do you know that?

I refer you to Post #5 on this thread.

 

[Dont Taz Me Bro]

Hillary vowed to increase my taxes so I voted for Trump. Plus she's a lying corrupt POS so there's that.

No one believes for a second that you're wealthy, and your taxes are going to go up anyway now, thanks to Conservatives capping deductions.

So you lost twice.

LOL I live in a state with no state income tax my property taxes are well below the cap as is my mortgage interest I'm sitting pretty.

Same here. I'm in Nevada. We have no state income tax and our property taxes are pretty low. I have no issue getting rid of the state income tax deduction. It's about time we stopped subsidizing folks in California and New York and let them starting feeling the effects of what they vote for.

 

[easyt65]

They weren't paying those groups, they were inventing groups that sounded like those groups in an attempt to sow division.

They got snowflakes to organize for them and work for them.

 

[Baz Ares]

Trump pushed for tax plan to be called 'Cut Cut Cut Act': report


The Great Orange Douche 'Cut Cut Cut ACT' is a BS PLAN!
It won't do shit for the under 150,000 AGI folks.

1) It cuts taxes for Corporations who pay way less than the 15% on avg.(That does not help the Mid-Class)
2) Most Corporations pay NO TAXES! NONE! As it's used transfer funds (That does not help the Mid-Class)
3) The top 1%-15% pay under 18% on avg. in taxes. (That does not help the Mid-Class)
4) It adds 1-3 trillion to the National debt. A real Conservative plan. Whee! (That does not help the Mis-Class)
5) There is no real plan to CUT CUT CUT spending anywhere. (That does not help the Mis-Class)
6) Romney paid 14%, The Great Douche pays ZERO to 15.8% (That does not help the Mid-Class)



Just review these lying Conservative!

And the GOP/DOPers trust the Great Orange Douche to DO what for you? Explain?

.

 

[Dont Taz Me Bro]

How do you know that?

I refer you to Post #5 on this thread.

I asked you how you know there will be no growth to compensate for the loss in tax revenue. That does not answer my question.