Senate Tax Plan Overwhelmingly Favors Wealthy (Congress, wages, premium, Schumer)
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No surprise in my mind but that "middle class tax cut" that Trump speaks about, is really a upper class tax cut that raises taxes on a large portion of the middle class.
No surprise in my mind but that "middle class tax cut" that Trump speaks about, is really a upper class tax cut that raises taxes on a large portion of the middle class.
No surprise in my mind but that "middle class tax cut" that Trump speaks about, is really a upper class tax cut that raises taxes on a large portion of the middle class.
Gary cohn can be heard here lying his head and claiming Trickle down will be great.
in the bit about repatriation tax break, Gary accidentally admits that the extra money corps get will go to dividends and stock buybacks.
I can't stress this enough. Gary is openly admitting that Corporations will NOT use additional profits to hike wages, reinvest etc. Gary Cohn repeatedly forgets about the cameras and lets the truth slip.
why the Left leaning media is not playing this 24/7 i just don't understand.
Quote:
GARY COHN on corps getting a massive tax cut on repatriated profits......
We get another 20 percent tax on the money that they issued in dividends or they issue in taxes. So, we get a repatriation tax, we get a dividend or capital gains tax. But people to get those dividends, or they get those capital gains, they're probably investors. What are they going to do? They're going to go reinvest that money back in the market. https://www.cnbc.com/2017/11/09/gary...of-the-us.html
worth stating Gary Cohn is one of the 3 ex Goldman Sachs employees who drafted this tax plan...
No surprise in my mind but that "middle class tax cut" that Trump speaks about, is really a upper class tax cut that raises taxes on a large portion of the middle class.
No surprise in my mind but that "middle class tax cut" that Trump speaks about, is really a upper class tax cut that raises taxes on a large portion of the middle class.
And my middle class burden will drop by 16% under the house plan, so why would I be against it just to thwart the benefits to the rich.
Because this cut won't last for at a large percentage of the taxpayers after five years, and 25% may even be paying more; because the deficit will blow up which will give Congress the excuse to say we "can't afford" entitlements and the attacks on SS and Medicare will escalate; because the deficit and rising interest rates will lead to a recession or worse, because, because, because.
Do you not remember Bush's unfunded tax cut and unfunded war?
Do you not remember 2008 and the horrible period thereafter? Or did you go through that time unscathed?
Unless you are CERTAIN you will be self-sustaining when you retire, can weather any near-term calamities which will surely happen because of this financial irresponsibility, unless you are certain you will be able to afford $25K/year per person or more in health insurance premiums when you retire, and you are sure that your retirement and pension benefits will take care of all your needs, you should be against this.
And, even if you are that fortunate, you should be against this because, in the long run, 75% of the people in this country will be negatively affected - and the wealth disparity will become even more obscene than it already is.
If you care about this country (just not yourself) - you should be against this.
Last edited by Ariadne22; 11-23-2017 at 01:45 PM..
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Senate Tax Plan Overwhelmingly Favors Wealthy
