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Old 12-20-2017, 04:07 PM
 
59,111 posts, read 27,340,319 times
Reputation: 14290

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Quote:
Originally Posted by le roi View Post
I think the end result for me will be a higher cost of living (housing especially), I'll draw Social Security later in life, I'll be required to spend more on healthcare, and a I'll have higher tax rate in ~15 years.

There is also likely to be higher crime as well as higher state and local taxes.
"and a I'll have higher tax rate in ~15 years."

ALL cost will go up in 15 years.
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Old 12-20-2017, 04:14 PM
 
Location: East Chicago, IN
3,100 posts, read 3,303,823 times
Reputation: 1697
A blue wave is coming in a big way. I'm not sure that it'll be enough to flip the Senate (it may be...especially with Alabama blue until 2021), but its coming.

This tax reform is the GOP's attempt to keep the wave at bay. But who remembers what happened the last time one party controlled the Executive and Legislative branch and forced through a very unpopular piece of legislation? How did that work out for them?
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Old 12-20-2017, 04:18 PM
 
34,619 posts, read 21,631,426 times
Reputation: 22232
Quote:
Originally Posted by PCALMike View Post
Thats just a talking point to open up for poisoning the air, water and food which is a red herring in this discussion. We see massive consolidation and monopolistic tendencies in industry after industry now. Its likely that this tax break for the rich, pushed through by well-heeled donor class elites, will accelerate that trend.
I wouldn’t doubt that someone like yourself with zero knowledge of business or regulations would jump to such nonsense.
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Old 12-20-2017, 10:19 PM
 
15,096 posts, read 8,641,275 times
Reputation: 7447
Quote:
Originally Posted by gmagoo View Post
Uncle Sam has bills to pay and I believe in paying bills. Do you pay your bills at home?
YES I do. And I’m not asking you or Uncle Sam to pay them for me. Kindly return the gesture.
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Old 12-20-2017, 10:36 PM
 
10,553 posts, read 9,654,874 times
Reputation: 4784
The tax cut is basically meaningless for working middle-class families because of rising healthcare costs.

Employer-based health insurance costs are forecast to rise in 2018 by the most since 2011, at 4.3*percent,
and overall medical costs will be up 6.5*percent.

Assuming those increases are passed along to workers, they would eat up half of the $910 tax cut received next year by households with income between $55,000 and $93,000 and all of the tax cut received by households earning $27,000 to $54,000."

https://www.washingtonpost.com/opini...=.899984198c75
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Old 12-20-2017, 10:39 PM
 
32,072 posts, read 15,077,213 times
Reputation: 13695
Quote:
Originally Posted by LoveToRow View Post
Leave it to the liberals to cry about getting more money. Hilarious.
The middle class is getting pittance. My family will get a substantial increase which we don't need. This bill is so unfair to the middle class. It's the Trump supporters who will suffer the most.
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Old 12-20-2017, 10:40 PM
 
10,553 posts, read 9,654,874 times
Reputation: 4784
Quote:
Originally Posted by Quick Enough View Post
"and a I'll have higher tax rate in ~15 years."

ALL cost will go up in 15 years.
Tax breaks for the middle-class end in 10 years.
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Old 12-20-2017, 10:41 PM
 
Location: Del Rio, TN
39,875 posts, read 26,526,580 times
Reputation: 25777
Quote:
Originally Posted by ellemint View Post
Quote:
The tax cut is basically meaningless for working middle-class families because of rising healthcare costs.
Employer-based health insurance costs are forecast to rise in 2018 by the most since 2011, at 4.3*percent,
and overall medical costs will be up 6.5*percent.

Assuming those increases are passed along to workers, they would eat up half of the $910 tax cut received next year by households with income between $55,000 and $93,000 and all of the tax cut received by households earning $27,000 to $54,000."

https://www.washingtonpost.com/opini...=.899984198c75
With a little luck the Republicans can replace Obamacare with something that working families can actually afford, instead of a disaster where premiums rise by 20-50% a year.
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Old 12-20-2017, 10:41 PM
 
10,553 posts, read 9,654,874 times
Reputation: 4784
Medicare cuts will be IMMEDIATE once Trump signs the bill, because of automatic reductions associated with the increased deficit.
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Old 12-20-2017, 10:43 PM
 
32,072 posts, read 15,077,213 times
Reputation: 13695
Quote:
Originally Posted by Toyman at Jewel Lake View Post
With a little luck the Republicans can replace Obamacare with something that working families can actually afford, instead of a disaster where premiums rise by 20-50% a year.
I'm pretty sure you're on your own because that's not a priority with your guys.
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