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Old 11-09-2017, 02:51 PM
 
Location: Nassau County
5,292 posts, read 4,771,626 times
Reputation: 3997

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Senate plan released. 7 brackets but like the house they agree SALT exemptions need to go. Not good for LI.

https://www.cnbc.com/2017/11/09/sena...form-plan.html
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Old 11-09-2017, 04:41 PM
 
14,394 posts, read 11,248,009 times
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Keeping 7 brackets is ridiculous. And the marriage penalty remains for higher earners in both plans.
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Old 11-10-2017, 05:29 AM
Status: "UB Tubbie" (set 25 days ago)
 
20,050 posts, read 20,855,965 times
Reputation: 16741
Who cares anymore. We are on our way to full blown communism anyway.
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Old 11-10-2017, 11:23 AM
 
3,852 posts, read 4,520,065 times
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Virtually every single budget plan ever has two competing versions from the House and Senate which are then hashed out. No way to know what the final version will be, or if anything will be passed at all. Congress is utterly useless.
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Old 11-12-2017, 06:44 AM
 
622 posts, read 853,114 times
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Quote:
Originally Posted by markjames68 View Post
Well said. You can see the trend in service industry % of jobs. LI has the highest in NY State, even more than Westchester.

What is eroding is quality of life. Instead of a 30 minute drive to a job in Hauppauge or Melville, it's now a 60+ minute commute via the LIRR which is subject to delays and cancellations. Plus the expense and stress of it all.

Those who get fed up leave, only to be replaced by people who already commute 30 minutes on the subway and are willing to go a bit further for a backyard.
Very true, but the average commute time, even from eastern Nassau is 90 minutes to downtown. Forget about the time it takes to get from Western Suffolk to the city (1.5-2.0 hours). On top of that, there used to be 10s of 000s of high paying Wall St. jobs that floated LI's fortune. But many of those are gone and not coming back. The city is actually a tech center, along the lines of a Silicon Valley, with lots of very young startups.

So, bottomline, at least in my neighborhood, the last several home sales were to two teachers and a cop. Do the math.
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Old 11-12-2017, 08:01 PM
 
14,394 posts, read 11,248,009 times
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Quote:
Originally Posted by mowmylawn View Post
Very true, but the average commute time, even from eastern Nassau is 90 minutes to downtown. Forget about the time it takes to get from Western Suffolk to the city (1.5-2.0 hours). On top of that, there used to be 10s of 000s of high paying Wall St. jobs that floated LI's fortune. But many of those are gone and not coming back. The city is actually a tech center, along the lines of a Silicon Valley, with lots of very young startups.

So, bottomline, at least in my neighborhood, the last several home sales were to two teachers and a cop. Do the math.
Don’t disagree. I used to do the train on a regular basis from Stony Brook to downtown, and the quickest took me around 2 hours door to door (meaning nearly no wait for the train, no transfer, and hitting the 1 train as soon as I got there from the LIRR). I know people working for various startups, and if you’re young you live in Brooklyn. If you’re older you usually relocate to another tech hub.

Time will tell if it’s a slow, slow leak or a long term downward trend.
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Old 11-15-2017, 08:55 AM
exm
 
3,722 posts, read 1,780,990 times
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Quote:
Originally Posted by peconic117 View Post
Senate plan released. 7 brackets but like the house they agree SALT exemptions need to go. Not good for LI.

https://www.cnbc.com/2017/11/09/sena...form-plan.html
Running the numbers: the house plan will cost me app $1,000/yr, whereas the current senate plan cost me $5,000/yr.
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Old 11-16-2017, 04:55 AM
 
Location: Nassau County
5,292 posts, read 4,771,626 times
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Quote:
Originally Posted by exm View Post
Running the numbers: the house plan will cost me app $1,000/yr, whereas the current senate plan cost me $5,000/yr.
The house plan looks like it will easily pass, the senate however already has one that is against it, and putting the individual mandate in will make it even tougher.
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Old 11-16-2017, 06:44 AM
 
2,589 posts, read 1,825,932 times
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If this passes, the Repubs will soon be as obscure as the Dems should be. Tax legislation that favors corporations (ie welfare recipients) and poverty red states (ie also welfare recipients) isn't going to survive long. Follow the money. It comes from blue states and those are already looking at ways to tell the feds to go pound sand. Between DeVos, immigration and this plan, it won't be that shocking to see NY and Cali threaten to withhold Fed payments. Like Zeldin said, we are the "net contributors." We keep our money at home, the Feds can try their luck getting it out of Alabama and Mississippi. We'll be able to cover most services, Alabama won't. NY is no stranger to bureaucracy. We'll manage fine with an extra $58b to play with. Maybe even get a REAL tax cut.

My fear isn't just whether Repubs block it by a vote or two...it's potential red state Dems who might get some windfall breaking ranks and voting yes. Happens with defense spending/pork projects all the time. Who knows?
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Old 11-16-2017, 07:24 AM
Status: "UB Tubbie" (set 25 days ago)
 
20,050 posts, read 20,855,965 times
Reputation: 16741
We’re doomed. Doomed!
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