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View Poll Results: Are you happy your taxes are going up?
Yes 22 29.73%
No 52 70.27%
Voters: 74. You may not vote on this poll

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Old 12-02-2017, 05:02 PM
 
Location: Long Island
32,816 posts, read 19,483,709 times
Reputation: 9618

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Quote:
Originally Posted by Ariadne22 View Post
That's because you're smarter than he is. That is essentially the uneducated red state rant. It's pathetic.

Funny thing about education, knowledge and facts - they win the race.


Guess you're happy with over $1 Trillion added to the deficit in the never-to-befulfilled HOPE that tax revenues will increase? Now, that's what I call being fiscally responsible.
are you happy with the 10 trillion added to the debt in the last 8 years???
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Old 12-02-2017, 05:11 PM
 
Location: Living rent free in your head
42,850 posts, read 26,275,432 times
Reputation: 34059
Quote:
Originally Posted by TylerJAX View Post
Given multiple options, companies/individuals will put their money where they will get the most return. I'll let you figure out the rest. Cost of Capital -- Best Definition | InvestingAnswers
I don't need an economics lesson, I need you to tell me how this tax bill makes business more competitive internationally. Apple has been having foxconn make their phones for years and they pay the employees $1.85 an hour. You want to become competitive, you have to compete on the basis of wages, not just how "nice" we are
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Old 12-02-2017, 05:28 PM
 
30,432 posts, read 21,255,233 times
Reputation: 11989
Quote:
Originally Posted by BugsyPal View Post
IIRC JC Roberts simply realized (correctly) without the individual mandate entire house of cards that is the ACA would fall, and he was correct. You saw this just now as McConnell slipped repeal of said mandate into that dog of a tax "reform" bill.


Again GOP has always been good at starving this or that program they don't like of revenue. Then the thing will die a slow and natural death and they get what they wanted one way or another.
Well the fine never worked as it forced me and others to work under the table.
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Old 12-02-2017, 05:39 PM
 
Location: A safe distance from San Francisco
12,350 posts, read 9,720,028 times
Reputation: 13892
Quote:
Originally Posted by BugsyPal View Post
First you realize that Mr. Regan's tax "overhaul" caused such a shortage in government revenues one or more (cannot recall exact number) of tax increases had to be enacted during his terms to reverse that slide.


As for Regan winning by a "landslide" in 1984, you are forgetting a few salient facts.


First of course is the difficulty any challenger has in unseating an incumbent POTUS who has a natural advantage. It had been done before (Regan ousted Carter), but much depends upon conditions on the ground. Walter Mondale simply was not the man to replace RR.


Worse for DNC they chose a woman, Geraldine Ferraro as VP pick; that alone doomed their chances of winning in 1984. United States voters were just not ready for a female VP and a good number certainly were not having Ms. Ferraro .


The rest as they say is history. You have to give it to RR in that he was a great orator and actor, so was more than able effectively sway an electorate.


https://en.wikipedia.org/wiki/United...election,_1984
Nobody had a chance against Reagan in '84....


https://www.youtube.com/watch?v=Pgs-LaWyUJI
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Old 12-02-2017, 06:08 PM
 
Location: NYC
3,046 posts, read 2,384,156 times
Reputation: 2160
Quote:
Originally Posted by gladhands View Post
I don’t believe that you had comprehensive health insurance in any year starting with a “2â€, for less than $500 a month. Nope, sorry. You are lying.
I've had ppl claim they had FULL health insurance from their company for $25 a month. That's way better than $500. That's a ripoff!
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Old 12-02-2017, 06:19 PM
 
Location: Long Island, NY
19,792 posts, read 13,948,900 times
Reputation: 5661
Quote:
Originally Posted by TylerJAX View Post
Given multiple options, companies/individuals will put their money where they will get the most return. I'll let you figure out the rest. Cost of Capital -- Best Definition | InvestingAnswers


Reducing corporate taxes encourage investment from the outside in corporations. However, corporations are flush with cash. They really aren't in need of investment. However, expenses of a corporation, labor, plant and equipment, etc. are deductible from taxes. Thus, high tax rates encourage corporations to invest, because a portion acts to lower their taxes. That means that lowering corp taxes lowers the incentive for corporations to hire or invest in plant and equipment.

In any case, the captains of industry have already admitted that they intend to give the tax cut to shareholders. Trump's Tax Promises Undercut by CEO Plans to Help Investors
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Old 12-02-2017, 06:35 PM
 
Location: Long Island, NY
19,792 posts, read 13,948,900 times
Reputation: 5661
Quote:
Originally Posted by workingclasshero View Post
are you happy with the 10 trillion added to the debt in the last 8 years???
No, after the great recession was over, we should have raised taxes to the Reagan upper-end tax rates and ran surpluses.

But if you are trying to say that Obama somehow was causal to that debt, you really don't know what you are talking about. Obama inherited an economy free-fall. At the time unemployment was about 9.5% and the CBO projected a $1.2 trillion deficit for 2009, two weeks BEFORE he took office.

Revenue fell and that was the cause of the added debt. So, in the face of a near depression, should the Democrats have raised taxes or cut government programs, just as Americans needed those programs the most?

Now isn't 2009. Obama handed Trump a fine economy and there is no reason to add even more to the debt than is already projected. Moreover, there is no reason to add even more to the debt to just hand the borrowed money to rich people.
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Old 12-02-2017, 06:36 PM
 
Location: Long Island
57,288 posts, read 26,206,502 times
Reputation: 15645
Quote:
Originally Posted by workingclasshero View Post
are you happy with the 10 trillion added to the debt in the last 8 years???
No one wants a deficit to this level, so why are we adding to the deficit at this point in time.
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Old 12-02-2017, 06:39 PM
 
Location: Long Island, NY
19,792 posts, read 13,948,900 times
Reputation: 5661
Quote:
Originally Posted by workingclasshero View Post
are you happy with the 10 trillion added to the debt in the last 8 years???
No, after the great recession was over, we should have raised taxes to the Reagan upper-end tax rates and ran surpluses.

But if you are trying to say that Obama somehow was causal to that debt, you really don't know what you are talking about. Obama inherited an economy free-fall. At the time unemployment was about 9.5% and the CBO projected a $1.2 trillion deficit for 2009, two weeks BEFORE he took office.

Revenue fell and that was the cause of the added debt. So, in the face of a near depression, should the Democrats have raised taxes or cut government programs, just as Americans needed those programs the most?

Now isn't 2009. Obama handed Trump a fine economy and there is no reason to add even more to the debt than is already projected.

As I said earlier:

The bottom-line question is, since this/these bill/bills enrich the already rich, increases taxes on the middle-class and poor and increases the deficit -- all while having dubious economic benefits, what rational reason is there to pass it?

The answer is that Republican donors demand it or they are threatening to cut off campaign contributions.

Thus, what benefits the general public is of no concern as long as the donors get what they want.
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Old 12-02-2017, 07:00 PM
 
51,653 posts, read 25,819,464 times
Reputation: 37889
Quote:
Originally Posted by LKJ1988 View Post
I was never crazy about RR. Just a actor.
RR screwed California and then went on to screw the nation.

He was a congenial old duffer who ran cover for the Republicans.
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