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posted November 16, 2017 12:40 PM            

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Posts: 11725
From: Blue Star Kachina
Registered: Apr 2009

posted November 17, 2017 10:06 AM            

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I read that folks making 10,000 to 30,000 a year will have a tax increase. I believe 10% raised to 12 %

That is making American lower income families great again.

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Partial truth~the seeds of wisdom~can be found in many places...The seeds of wisdom are contained in all scriptures ever written… especially in art, music, and poetry and, above all, in Nature.

Linda Goodman

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From: From a galaxy, far, far away...
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posted November 17, 2017 10:11 AM            

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I just love liberal math. I'm surprised at how duped by the media you are, Juni. Raised to 12% is still zero when you double the personal deduction.

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From: From a galaxy, far, far away...
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posted November 17, 2017 10:14 AM            

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The only blue wave we will get is if tax reform isn't passed. Keep dreaming.

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posted November 17, 2017 12:11 PM            

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The tax cuts for the middle class are set to expire in 10 years. Everything about this is pure politics except for the 15 point tax cut on corporations, that's what this is about. So what happens, we cut taxes on corporations, does that make them create jobs in the US? Not necessarily, labor is still cheaper abroad. If the corps can find good enough cheaper labor somewhere else they'll do that.

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Posts: 14371
From: Madeira Beach, FL USA
Registered: Apr 2009

posted November 17, 2017 02:39 PM            

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A ten year multifaceted tax cut for the middle class is a big, long tax cut. Something no one would have had if Hillary The Corrupt had been elected.

Fortunately, Hillary The Corrupt was handily defeated, Trump won and is President.

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From: From a galaxy, far, far away...
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posted November 17, 2017 04:10 PM            

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Hillary planned on raising taxes while you lemmings happily marched off the cliff into the sea.

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Posts: 14371
From: Madeira Beach, FL USA
Registered: Apr 2009

posted November 17, 2017 04:27 PM            

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"The tax cuts for the middle class are set to expire in 10 years."

How could you be commenting on this subject without knowing any facts.

Middle class tax cuts are being obstructed by leftist lunatic democrats. Because of Senate rules, the reconciliation of Bills between the House and Senate cannot be made permanent. Permanent tax cuts for the middle class would require at least 60 votes in the US Senate and democrats are obstructing those cuts in taxes.

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Posts: 14371
From: Madeira Beach, FL USA
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posted November 17, 2017 04:31 PM            

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quote:

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Originally posted by Randall:
Hillary planned on raising taxes while you lemmings happily marched off the cliff into the sea.

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Hillary The Corrupt's plan was exactly like the Marxist Messiah's plan. Continue undermining and dismantling the US economy. Raising taxes is the preferred way for the leftist lunatic democrats. Driving businesses to other countries, gigantic job losses while squeezing the middle class with high taxes.

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Posts: 11725
From: Blue Star Kachina
Registered: Apr 2009

posted November 17, 2017 08:48 PM            

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The $30,000 will still pay 12% after the double (24,000)deduction for 2 people..

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Partial truth~the seeds of wisdom~can be found in many places...The seeds of wisdom are contained in all scriptures ever written… especially in art, music, and poetry and, above all, in Nature.

Linda Goodman

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Posts: 6674
From: shamballa
Registered: Aug 2013

posted November 17, 2017 10:37 PM            

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And with the elimination of mortgage and health expense deductions... the continued limbo of CHIP... there's no there there guys.

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From: From a galaxy, far, far away...
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posted November 17, 2017 11:49 PM            

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And you said people who make between $10,000 to $30,000 will have a tax increase. Which figure is actually higher--10 percent of $18,000 or 12 percent of $6,000?

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From: From a galaxy, far, far away...
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posted November 18, 2017 05:36 AM            

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I'll do the math for you. It's a tax cut from $1,800 to $720, for a reduction of $1,080. As far as the corporate rate goes, wages have been stagnate during the reign of King Obama, and it will raise them.

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Posts: 14371
From: Madeira Beach, FL USA
Registered: Apr 2009

posted November 18, 2017 09:54 AM            

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quote:

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Originally posted by Randall:
I'll do the math for you. It's a tax cut from $1,800 to $720, for a reduction of $1,080. As far as the corporate rate goes, wages have been stagnate during the reign of King Obama, and it will raise them.

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Posts: 907
From:
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posted November 18, 2017 12:56 PM            

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The senate version of the tax bill has a tax break for private planes. LOL. So many middle class people own private planes, makes total sense.

Seems to me this pig party is coming to and end soon and the GOPigs are trying to get whatever they can from the trough while they can, knowing that their time is coming to an end.

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Posts: 5917
From: Lyra
Registered: Apr 2009

posted November 18, 2017 01:01 PM            

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Are all Republican Senators united in supporting the Tax Cut Bill?

Am curious because so many conflicting reports are doing the rounds.

Dow Jones has been booming, 401Ks have increased in value, GDP is allegedly over 3%, but none of my American friends and contacts have confirmed to me that have got pay hikes as of now.

It is too early to comment but the previous Tax Cuts by Dubya were disastrous. Clinton left with a 200 billion surplus, but after the Tax Cuts and Wars, there was a 1.1 Trillion dollar deficit in 2008. 1.3 trillion dollars loss in 8 years.

If this pattern repeats, we would be seeing 1.7 to 1.8 trillion deficit by 2020. US Government could become bankrupt unless another round of Quantitative Easing is arranged [which would increase inflation of assets yet again while keeping wags stagnant].

I think for Tax Cuts to prove any efficacy, there would have to be zero wastage on Wars, forcible repatriation of US Funds stashed abroad and increase of Capital Gains tax so that Billionaires invest in jobs than just Assets and Stocks.

Lets see.

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Posts: 124947
From: From a galaxy, far, far away...
Registered: Apr 2009

posted November 18, 2017 03:37 PM            

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It's not only about middle class tax breaks. Wages will rise after corporate rates drop. Anyone who thinks the GOP isn't going to continue its dominance is as deluded as those who thought Hillary could win.

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From: From a galaxy, far, far away...
Registered: Apr 2009

posted November 18, 2017 06:40 PM            

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"There is no path to 270 for Donald Trump." --CNN

Clinton 95%
Trump 5%

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From: From a galaxy, far, far away...
Registered: Apr 2009

posted November 18, 2017 08:21 PM            

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I'm mainly concerned about two parts: 1. the economy boost provisions (corporate rate reduction and repatriation) and 2. the elimination of Obamacare mandates.

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From: From a galaxy, far, far away...
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posted November 18, 2017 08:22 PM            

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I hope bicameral legislation includes both of those.

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From:
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posted November 19, 2017 11:21 AM            

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Please provide evidence that wages rise as corporate tax rates drop.

What is your concern with those two issues Randall?

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From: From a galaxy, far, far away...
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posted November 19, 2017 11:28 AM            

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My concern is that the final Bill will leave the mandates intact and/or that the rate drop will be delayed for a year.
http://files.taxfoundation.org/legacy/docs/sr169.pdf

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Posts: 5917
From: Lyra
Registered: Apr 2009

posted November 19, 2017 03:26 PM            

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Historically, there is no evidence that wages increase after tax cuts to the rich.
But quality of life for the middle class increases with tax cuts for them and minimal tax cuts to the elite.
There could be a "Lock In" Period. A rule that insists savings from tax cuts have to be reinvested in USA for a decade.

Plan B: No change in deductions and zero taxes up to 48K per year, increase taxes (including capital gains) for those making more than 5 million per year. Democrats can consider such a plan if the Republican Plan fails to create wages growth or sustainable jobs growth.

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Posts: 3161
From: 2,015 mi East of Truth or Consequences NM
Registered: Apr 2009

posted November 20, 2017 06:59 PM            

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Ladies & Gentleman-
We~ are in the presence of a coup d'é-tat, if you do not recognize this, pay better attention.

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Posts: 14371
From: Madeira Beach, FL USA
Registered: Apr 2009

posted November 20, 2017 11:46 PM            

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quote:

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Originally posted by Node:
Ladies & Gentleman-
We~ are in the presence of a coup d'é-tat, if you do not recognize this, pay better attention.

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That's very funny...unless you're talking about democrats trying to overthrow the results of the Presidential election. That would be the stuff of which Banana Republics are made.

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