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Buffet and Gates will benefit enormousiy from this tax cut far more than any middle class worker, both have been critical even though they benefit to a large degree.
So because this benefits your specific situation you are going to ignore other analysis that indicate a large majority will go to the top 1% and on average it will be a gain for most of around $20 a paycheck. Most economists have been critical of this tax plan calling it foolish, your particular situation doesn't mean this is good for the country. That is being very narrow minded.
Narrow-minded and short-sighted. Any gain you have now will be taken away down the road when the deficit balloons and they come after medicare, social security and other programs that benefit you and your community. The workers' acquiescence is being bought off with crumbs so the wealthy can have the cake.
The tax cuts primarily benefit the rich. 90% of people probably will see a decrease. For those who don't earn as much the decrease might be $10, but it's still technically a decrease.
For those of us in high tax states, we may very well have to pay more when we file our taxes because SALT is limited to $10K, and the increase in the personal exemption won't be enough to offset that.
Also, the tax cuts on personal income sunset after a few years while the corporate cuts are permanent. So if you paid attention to what was said on stations like CNN, that's what they were talking about.
But hey, this is the country that elected trump. So people are probably stupid enough to be happy with an extra thousand a year to keep voting GOP. And when their taxes do increase because of the way the GOP wrote this bill, they'll find a way to blame Obama.
Please don't put FACTS in front of these people. FACTS are Fake News, eh ?
"Warren Buffett made $12 billion in 2016 and reclaimed his position as the second richest person in the world, according to Forbes’ billionaire rankings."
Buffet and Gates will benefit enormousiy from this tax cut far more than any middle class worker, both have been critical even though they benefit to a large degree.
Well I haven't seen any extra money yet. In fact don't even make AZ minimum wage. A drive an airport shuttle van and they pay me a small commission of the fare. Christmas is our busiest time, and there were noticably less reservations than last year.
But, after this current semester in school I'm making my move into entry level IT work.
It sounds like perhaps you have some respect for Warren Buffet (aka the 'Oracle Of Omaha'), and no I don't own any Berkshire-Hathaway shares.
Warren Buffet wants to raise tax rates on billionaires..do you?
No. I think our government is too bloated with too many overlapping programs.
Get your house in order first and then see where you stand with tax revenue vs spending.
Example..We have 7 different government milk programs..each program is funded and staffed with people.
One is called the "Special Milk Program" to give milk to those who don't qualify for any of the other six.
How stupid is that ?
Same thing with higher education..several different types of loans and grants and each is a separate government department fully funded and staffed.
At some point you have to stop feeding the monster and cut back on the bloat and overlap.
And for a much as Buffet says "tax me more" there is nothing preventing him from writing a check to the US Treasury.
But Pelosi reminded us that it's only crumbs.......
Oh, and thousands will die from the tax bill.....
What changed from the moment Obama was celebrating about how much 40$ a month meant to each family?
"Obama will point people to a new section of the White House website where they can “share what a $40 paycheck means to them.” In addition, he’ll urge them to make use of a new Twitter hashtag, #40dollars."
The media, even FOX has no memory of Obama's claim that 40 dollars was a significant boost for families. Compare Pelosi's claim that a thousand dollars was hardly worth bending over to pick up off the sidewalk to Obama thinking 40 dollars was a windfall.
What planet do these people live on?
FOX needs to do better archival research. Whoever they have now is missing so many opportunities to balance out democrat claims.
Dems still rely on journalists to pretend yesterday never existed.
You are casting pearls before swine. Let them be joyful for their extra $20 a month. The lawmakers knew they could be bought for so little, which is why they had no fear of passing this massive giveaway to corporations and the ultra wealthy. They know their low information supporters quite well.
And as you can see from this thread, they were absolutely correct in their assessment. They must be laughing their asses off at how easily, and for how little, the cult can be bought.
Really?
1964, top rate cut from 91% to 77%.......Democrats controlled both houses.
1965, top rate cut from 77% to 70%.......Democrats controlled both houses.
1982, top rate cut from 70% to 50%.......Democrats controlled Congress.
1987, top rate cut from 50% to 38.5%.... Democrats controlled both houses.
1988, top rate cut from 38.5% to 33%.... Democrats controlled both houses.
1991, top rate cut from 33% to 31%........Democrats controlled both houses.
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