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Old 12-20-2017, 06:46 AM
 
58,676 posts, read 26,957,041 times
Reputation: 14146

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Quote:
Originally Posted by ChiGeekGuest View Post
No loopholes closed, just the same old circular ideology.
There is NO such thing as a "loophole".

There THOUSANDS of pages of TAX LAWS.

To apply them to your situation is OBEYING the law.
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Old 12-20-2017, 06:49 AM
 
58,676 posts, read 26,957,041 times
Reputation: 14146
Quote:
Originally Posted by Finn_Jarber View Post
Congress authorizes spending, just FYI. Why do you think Rand Paul was raving at his own party for authorizing spending which will add $10 trillion to the debt?
"for authorizing spending which will add $10 trillion to the debt?"

What are you going to say when that does NOT happen?

Keep in mind the left said the SAME thing for the W. Bush tax cuts and the debt went DOWN after it took affect.

Gov't revenues INCREASED to HISTORICAL RECORDS.
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Old 12-20-2017, 06:49 AM
 
Location: Barrington
63,919 posts, read 46,539,278 times
Reputation: 20674
Trump continues to tout this is the biggest tax cut in history. Either he is misinformed or is lying.

It's the 8th largest tax cut in US history. It's the first major tax cut since 1981, when the Democrats held the majority.

It's the first tax package in history that has been passed with zero votes from the minority party.

There is likely no Congress Critter who has read the entire bill. Congress critters are not tax experts. More than 2000 lobbies, employing more than 6000 lobbiests have influenced the bill. Congresd has to pass it to read it.

There will be intended and unintended consequences, good, bad and ugly.
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Old 12-20-2017, 06:50 AM
 
Location: Proxima Centauri
5,768 posts, read 3,202,816 times
Reputation: 6094
Quote:
Originally Posted by Finn_Jarber View Post
While Americans opposed it......
Quote:
Originally Posted by Quick Enough View Post
PLEASE ONLY speak for your self.

NO ONE gave the right to speak for me or millions of other Americans mo matter how influential you THINK you are!
Dear Not quick enough,

The majority of Americans are opposed to the tax cut and the resulting rise in the deficit. Majority rule is how Democracies are supposed to work. Billionaires got a permanent tax cut. Yours is temporary. Got it?
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Old 12-20-2017, 06:56 AM
 
Location: NE Ohio
30,421 posts, read 20,226,427 times
Reputation: 8958
Quote:
Originally Posted by natalie469 View Post
Our taxes have an end date, corporations don't. Someone has to pay for the deficit so I guess it falls on the middle class. That's not winning to me. I'm sure democrats will fix this in the next election.
Tax cuts don't have to be "paid for" as the Democrats always like to claim, because the increased economic activity results in more revenue, not less ...just as we saw during the Reagan Administration, when revenue to the Federal Government doubled.

But Democrats always have to find an excuse to be against tax cuts, like calling them "tax cuts for the rich." The simple truth is that Democrats don't like cutting taxes. Period.
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Old 12-20-2017, 06:56 AM
 
Location: Proxima Centauri
5,768 posts, read 3,202,816 times
Reputation: 6094
Quote:
Originally Posted by middle-aged mom View Post
Trump continues to tout this is the biggest tax cut in history. Either he is misinformed or is lying.

It's the 8th largest tax cut in US history. It's the first major tax cut since 1981, when the Democrats held the majority.

It's the first tax package in history that has been passed with zero votes from the minority party.

There is likely no Congress Critter who has read the entire bill. Congress critters are not tax experts. More than 2000 lobbies, employing more than 6000 lobbiests have influenced the bill. Congresd has to pass it to read it.

There will be unintended consequences, good, bad and ugly.
Trump is what actors call ad libbing. The facts are irrelevant. He doesn't know them and doesn't care.
You are very astute in your recognition of unintended consequences. In the early nineteen eighties interest rates were in the teens. Could you imagine what payments on the debt would be if today's rates only doubled?
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Old 12-20-2017, 06:58 AM
 
9,617 posts, read 6,036,863 times
Reputation: 3884
Hardly, it is simply what is law. Under your definition of the law, wouldn't the EIC be preferential? I do not think so. I believe it is the law.
Quote:
Originally Posted by Goodnight View Post
Semantics, how does preferential tax treatment for special interests, does that sound better.
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Old 12-20-2017, 07:00 AM
 
Location: the very edge of the continent
88,693 posts, read 44,457,584 times
Reputation: 13587
Quote:
Originally Posted by Quick Enough View Post
Thank you for PROVING what I said.

"A significant percentage does:"

Your own post shows a "significant" do NOT.
43% is somehow not significant? How about you get charged a 43% federal income tax rate? Would you think 43% is significant, then?
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Old 12-20-2017, 07:01 AM
 
Location: NE Ohio
30,421 posts, read 20,226,427 times
Reputation: 8958
Quote:
Originally Posted by petch751 View Post
Well then it's up to the party in power to extend it just as they did with the Bush tax cuts even though Democrats claimed and b*tched for years that the Bush tax cuts was only for the rich.
They always say that. It's a built in mantra. They don't know anything else. They only want to increase taxes so they can spend more on aid to illegal immigrants and "refugees."
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Old 12-20-2017, 07:01 AM
 
Location: The Republic of Texas
78,866 posts, read 46,426,521 times
Reputation: 18520
Quote:
Originally Posted by Tonyafd View Post
Yes "tax reform" is passed.
Write your Congressional representative for your free tube of K-Y jelly so that you are ready for the cuts to Medicare and adjustments to the Social Security retirement age.


Bout time!!
That can has been kicked down the road for 90 years.
Finally, not trying the same thing over and over, expecting different results.
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