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wait, liberals claiming trump is selling something to the american people with false claims. remember if you like your doctor you can keep them? talk about false claims.
And I said plenty against Obama for that!
Doesn't make the PATHOLOGICAL LYING ,SEWER SLUDGE Trump one iota easier to accept!
GOP tax bill is fiscally irresponsible, and disproportionately benefits the wealthy at the expense of the vulnerable
“We call on Congress to oppose the Tax Cuts and Jobs Act due to our strong belief that this bill is fiscally irresponsible, endangers our country’s economic health, and disproportionately benefits the wealthy at the expense of vulnerable people and low-income families,†reads a letter from over 2,400 faith leaders.
“Moreover, we have grave concerns over the manner in which such a large and complex bill, affecting the entire economy and millions of Americans, is being recklessly rushed through Congress,â€
How is it possible to tax the poor and not the rich?
Please educate me! I like to see both sides of things. How is it possible to tax the poor more than the rich, does it have to do with income taxes? If you make less than xxxx you pay a higher percentage?
Tax bills like this have been passed before...When the upper class pays less taxes, how does that benefit the rest of us? (I'm not referring to corporations).
I appreciate all replies that are based on fact or experience, not opinions. Thank you
Please educate me! I like to see both sides of things. How is it possible to tax the poor more than the rich, does it have to do with income taxes? If you make less than xxxx you pay a higher percentage?
Tax bills like this have been passed before...When the upper class pays less taxes, how does that benefit the rest of us? (I'm not referring to corporations).
I appreciate all replies that are based on fact or experience, not opinions. Thank you
The long story short version, imho, is that, as you've identified, "Tax bills like this have been passed before ...".
The American people, through their 'beholden to donor class' government representatives have been passing bills like this one for 3 or 4 decades or more. This is the end result.
It's not possible, imho, to consider questions like yours without considering the impact of corporations, FIRE (Financial, Insurance, Real Estate) sector, lapdog lobbying for special interests (on behalf of corporations & FIRE sector, & the campaign finance laws which have 'fueled' the engines of above.
After tax corporate profits as a share of GDP have almost tripled in the last 30 years. Workers' incomes in the same time frame?
'VooDoo' economic ideology, 'trickle down' schemes, supply sliders, et cetera have shaped the economic picture since the 70s & 80s, & got an unneeded 'jumpstart' with, for 1 example, the SCOTUS ruling in Citizens United.
This piece, although written in 2013, illustrates the decades long trend:
Quote:
In the last 30 years, there has been a great divergence between growth and workers' incomes, as the New York Times reminds us today.
Corporate profits have soared, in the last decade especially, particularly because of three things:
Globalization has pushed down the cost of labor available to multinational corporations;
technology has allowed companies to make more with fewer workers, in general;
and Big Finance has gobbled up the economy, as the banks' share of total corporate profits has tripled to about one-third since the middle of the last century, according to Evan Soltas.
A recent piece by Joseph Stieglitz ~ he identifies the trend & offers recommendations through rational persuasion of why it doesn't make sense to expect different results or outcomes when we implement the same kindsof schemes over & over again:
A Trump administration staffed by plutocrats – most of whom gained their wealth from rent-seeking activities, rather than from productive entrepreneurship – could be expected to reward themselves. But the Republicans’ proposed tax reform is a bigger gift to corporations and the ultra-rich than most had anticipated.
Quote:
Tax policy should reflect a country’s values and address its problems. And today, the United States – and much of the world – confronts four central problems: widening income inequality, growing job insecurity, climate change, and anemic productivity growth. America faces, in addition, the need to rebuild its decaying infrastructure and strengthen its underperforming primary and secondary education system.
But what Trump and the Republicans are offering in response to these challenges is a tax plan that provides the overwhelming share of benefits not to the middle class – a large proportion of which may actually pay more taxes – but to America’s millionaires and billionaires. If inequality was a problem before, enacting the Republicans’ proposed tax reform will make it much worse. ...
It looks as if no one on CD cares; no surprise there. They're going to roll over and take their tax cut "like a man."
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GOP tax bill is fiscally irresponsible, and disproportionately benefits the wealthy at the expense of the vulnerable
How is it possible to tax the poor and not the rich?
