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Old 11-27-2017, 12:52 PM
 
Location: Crooklyn, New York
28,266 posts, read 26,252,873 times
Reputation: 11726

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Guys, the Globalists need their tax cuts. How else are they going to buy more robots to replace American workers?
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Old 11-27-2017, 01:01 PM
 
Location: Here and now.
11,917 posts, read 3,639,289 times
Reputation: 12869
Quote:
Originally Posted by BajanYankee View Post
https://www.newyorker.com/news/our-c...e-gop-tax-plan

But Trump and McConnell say so, so it must be right and especially so if the Libs are against it, even if Bannon and the America Firsters are against it.

I know it's enough to make heads explode: Bannon and the Liberals both favor raising taxes on the rich.
I know a disheartening number of Republicans who would be hurt by this proposed plan, but they still support it because, well, it's Republican. They don't even especially like it, but they are putting all of their trust in the notion that it will somehow be "fixed" before it gets passed.
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Old 11-27-2017, 01:02 PM
 
15,314 posts, read 4,040,543 times
Reputation: 11041
Quote:
Originally Posted by DRob4JC View Post

4- The top 20% of wage earners pay 95% of the taxes. How do the rich NOT benefit from tax reform when they are the ones paying the taxes?

Where is a good (hopefully non-partisan) write-up of the current plan?
You ask questions which are too easy.

"The Rich" don't need tax reform - they should be paying what they did before AND the loopholes which allow for them to pay 15-20% on BILLIONS in profits (hedge funds and other loopholes) should be plugged up.

It's the same old story. The people who earn their money by sitting at dinner having drinks pay a rate 50% less than those who sweat, injure themselves, and work hard each day.

That type of taxation cannot be explained away.

Also, keep in mind that stuff like gas and other energy and carbon taxes are fairly even - they tax everyone and we all use the bridges and roads. Increase them.

The craziest thing about this plan is they are throwing gasoline on the fire (debt, deficit, health care) and telling us the fire will then go out.

It won't. This is a plan written for two reasons.

1. For Trump to pay back his REAL base (no, not the forgotten man - that is made-up_/
2. So the GOP can say they "did something" - even if that something sucks!
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Old 11-27-2017, 01:04 PM
 
Location: Central Mexico and Central Florida
7,108 posts, read 3,465,006 times
Reputation: 10183
Not bad for everyone...the trump family alone will save ONE BILLION DOLLARS thanks to repeal of the estate tax.
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Old 11-27-2017, 01:05 PM
 
Location: Little Rock, AR
2,998 posts, read 925,693 times
Reputation: 1864
Quote:
Originally Posted by BajanYankee View Post
You know a GOP bill is terrible when even the National Review opposes it.



The GOP
Learn to read. In 2027, 2027. Democrats would be the one to raise them if that happens, republicans will extend the cuts. Not a fan of expirations but it's an incentive to vote republican.
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Old 11-27-2017, 01:08 PM
 
Location: Little Rock, AR
2,998 posts, read 925,693 times
Reputation: 1864
Quote:
Originally Posted by BajanYankee View Post
Guys, the Globalists need their tax cuts. How else are they going to buy more robots to replace American workers?
Pretty sure I'm not a globalist, just a middle class individual that would see higher take home pay under this plan
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Old 11-27-2017, 01:09 PM
 
9,893 posts, read 3,278,150 times
Reputation: 7254
Quote:
Originally Posted by BajanYankee View Post
Guys, the Globalists need their tax cuts. How else are they going to buy more robots to replace American workers?
i stand to do nicely from this plan, but as an American and as someone who has not always had money i am completely against this tax plan.

It makes it harder for low income and middle income folk to get by while pushing monies up to the high income and high net worth folk.

The last 30 years the gap between those with money and those without has just gotten worse and worse. This tax plan is designed to accelerate the widening of that gap. it is not a mistake or miscalculation, it is a purposeful plan to funnel money up to the rich and away from the federal gov.

two years from now Ryan Mitch Pence, Cohn will all claim the debt is getting out of control and we need to make massive cuts to public spending.
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Old 11-27-2017, 01:09 PM
 
Location: Little Rock, AR
2,998 posts, read 925,693 times
Reputation: 1864
Quote:
Originally Posted by dothetwist View Post
Not bad for everyone...the trump family alone will save ONE BILLION DOLLARS thanks to repeal of the estate tax.
They should let the estate tax stand for now and I bet they will
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Old 11-27-2017, 01:10 PM
 
9,893 posts, read 3,278,150 times
Reputation: 7254
Quote:
Originally Posted by ColoradoOnMyMind View Post
Pretty sure I'm not a globalist, just a middle class individual that would see higher take home pay under this plan
well i sure hope you don't lose your job, get sick, retire etc... cause that is where it really really bites down.
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Old 11-27-2017, 01:11 PM
 
Location: Crooklyn, New York
28,266 posts, read 26,252,873 times
Reputation: 11726
Quote:
Originally Posted by ColoradoOnMyMind View Post
Learn to read. In 2027, 2027. Democrats would be the one to raise them if that happens, republicans will extend the cuts. Not a fan of expirations but it's an incentive to vote republican.
That's one part of the article. The point of posting the article is that different people are unhappy with the bill for different reasons. In the NR's case, they are not pleased because the cuts are permanent for corporations, but not for individuals, which means that voters will be able to see through it for the sham that it is. If it's about tax reform, then why not make the cuts permanent for both individuals and corporations? That's sort of the not-so-implicit thrust of the critique.

Quote:
Even if we forget about their impact on the deficit (and we shouldn’t), the Republican tax plans have been characterized by extraordinarily sloppy thinking, so sloppy indeed that it’s impossible not to wonder what, if anything, was going through the heads of the GOP leadership.
The GOP

Truly sounds like a ringing endorsement, doesn't it?
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