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  • Tax Cuts on Tuesday?

    Looks like the compromises have taken place, especially after Moore got beat Tuesday, Repub's got serious and settled their differences it looks like. That or their party gets its nuts stomped off in 2018.
    https://www.cnbc.com/2017/12/15/gop-...ats-in-it.html

  • #2
    Let's hope so.

    The biggest outright lie from detractors of this legislation has to be that the ending of the Obamacare mandate will cause "13 million people to lose their health insurance." That's utter BS! 13 million might choose not to buy health insurance but simply dropping the mandate that people have insurance isn't going to cause anyone to lose coverage they have or continue to want.

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    • #3
      Originally posted by T. A. Gardner View Post
      Let's hope so.

      The biggest outright lie from detractors of this legislation has to be that the ending of the Obamacare mandate will cause "13 million people to lose their health insurance." That's utter BS! 13 million might choose not to buy health insurance but simply dropping the mandate that people have insurance isn't going to cause anyone to lose coverage they have or continue to want.
      I'm glad they did this. It will make passing health care reform easier. Now that the fictitious "13 million" figure is baked in, a healthcare reform package can be graded using a more realistic baseline.

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      • #4
        It's a tax cut for the rich, not the middle class, and it will add to the overall national debt.

        It isn't a 'Christmas present.'

        http://money.cnn.com/2017/12/15/news...ils/index.html
        We are not now that strength which in old days
        Moved earth and heaven; that which we are we are; One equal temper of heroic hearts
        Made weak by time and fate but strong in will
        To strive to seek to find and not to yield.

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        • #5
          The top 1 percent earns 21 percent of all income but pays 39 percent of all income taxes. So a tax cut that reduced every taxpayer’s burden by the same exact proportion would boost after-tax income by a higher percentage for the rich, simply because the rich pay a higher percentage of their income in taxes to begin with. For middle and lower earners, the opposite is true.

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          • #6
            Originally posted by Work_permit View Post
            The top 1 percent earns 21 percent of all income but pays 39 percent of all income taxes. So a tax cut that reduced every taxpayer’s burden by the same exact proportion would boost after-tax income by a higher percentage for the rich, simply because the rich pay a higher percentage of their income in taxes to begin with. For middle and lower earners, the opposite is true.
            Math is hard for some people...
            Watts Up With That? | The world's most viewed site on global warming and climate change.

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            • #7
              Originally posted by Work_permit View Post
              The top 1 percent earns 21 percent of all income but pays 39 percent of all income taxes. So a tax cut that reduced every taxpayer’s burden by the same exact proportion would boost after-tax income by a higher percentage for the rich, simply because the rich pay a higher percentage of their income in taxes to begin with. For middle and lower earners, the opposite is true.
              That's an old argument that really doesn't hold much water. The tax 'burden' on the rich doesn't impact them as much as on the middle class who earn much less, but still have a hefty tax burden. It is worse on the less fortunate in our society.

              Further, actually advertising the new tax bill as a tax cut for the middle class is just so much talk with no substance. In short, it's bags of bull.
              We are not now that strength which in old days
              Moved earth and heaven; that which we are we are; One equal temper of heroic hearts
              Made weak by time and fate but strong in will
              To strive to seek to find and not to yield.

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              • #8
                Exactly, hard to convince the liberals of not believing in their own propaganda.

                Originally posted by Work_permit View Post
                The top 1 percent earns 21 percent of all income but pays 39 percent of all income taxes. So a tax cut that reduced every taxpayer’s burden by the same exact proportion would boost after-tax income by a higher percentage for the rich, simply because the rich pay a higher percentage of their income in taxes to begin with. For middle and lower earners, the opposite is true.
                My worst jump story:
                My 13th jump was on the 13th day of the month, aircraft number 013.
                As recorded on my DA Form 1307 Individual Jump Log.
                No lie.

                ~
                "Everything looks all right. Have a good jump, eh."
                -2 Commando Jumpmaster

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                • #9
                  Democrats have had many chances in their time to lower taxes on the middle class that they say they represent and pretty much never lower their taxes or burdens. That's why they lost the last election because they ignore the plight of working class and middle class americans. Tax cuts get money moving which it has been stagnant for years. If you had ever owned a business you would know this. I had a small business for 15 years and high taxes sunk my boat. I'll ask this question to anyone, how do higher taxes stimulate the economy? How do higher taxes help business especially small business create jobs? Its a proven fact that when people have more money to spend they do.

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                  • #10
                    More on the proposed tax cuts:

                    https://www.washingtonpost.com/busin...=.7c2db8823985

                    https://www.washingtonpost.com/news/...=.e315ad87d2cc
                    We are not now that strength which in old days
                    Moved earth and heaven; that which we are we are; One equal temper of heroic hearts
                    Made weak by time and fate but strong in will
                    To strive to seek to find and not to yield.

                    Comment


                    • #11
                      This is interesting...

                      https://www.msn.com/en-us/news/polit...cid=spartandhp
                      We are not now that strength which in old days
                      Moved earth and heaven; that which we are we are; One equal temper of heroic hearts
                      Made weak by time and fate but strong in will
                      To strive to seek to find and not to yield.

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                      • #12
                        Originally posted by Massena View Post
                        It's a tax cut for the rich, not the middle class, and it will add to the overall national debt.
                        Marxist propaganda from someone who denies to be a liberal/left winger .

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                        • #13
                          We are not now that strength which in old days
                          Moved earth and heaven; that which we are we are; One equal temper of heroic hearts
                          Made weak by time and fate but strong in will
                          To strive to seek to find and not to yield.

                          Comment


                          • #14
                            Originally posted by Massena View Post
                            That's an old argument that really doesn't hold much water. The tax 'burden' on the rich doesn't impact them as much as on the middle class who earn much less, but still have a hefty tax burden. It is worse on the less fortunate in our society.

                            Further, actually advertising the new tax bill as a tax cut for the middle class is just so much talk with no substance. In short, it's bags of bull.
                            I don't know... According to the new brackets I should see nearly $1000 + drop in taxes overall. That's not peanuts by any means.

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                            • #15
                              It is hard to convince the liberals that good things happening to Americans is not the end of the world.

                              Or that the economy runs on private sector money, and the less taxes there are the better the economy runs.

                              Itr's as if they were deliberately trying to sabotage the USA...
                              Any man can hold his place when the bands play and women throw flowers; it is when the enemy presses close and metal shears through the ranks that one can acertain which are soldiers, and which are not.

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