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And Mumbles ( mc Connell ) gets rolled again! surprise surprise and the fool never learns the democrats are all liars and will do everything to stay in power and steal you money and spend like a drunken sailor. NEVER EVER TRUST A DEMOCRAT how franking hard is that to understand.
It is appalling that not one Democrat in the Senate is willing to put country above party. This bill would increase inflation but pay off lots of Democrat supporters. It allegedly saves money by enhanced IRS enforcement and taxes on corporations. Anyone remember how ‘fraud, waste and abuse’ was constrained to save us billions? No one does. It’s the BS with a new name
Still has to actually pass it, and Sinema might sink it.
I hate Sinema more than Manchin. Sure they both are flushed with lobbyist cash, and WV is in a horrible position but it’s still a red state and he was elected as a conservative Democrat.
Sinema ran as a progressive and serves in a purple state that’s leaned blue recently. She has no excuse.
The thing I don’t understand, why is no rich Democrat going to her and cutting a check? Where’s George Soros when you need him?
An old platoon leader I had used to say "Don't let perfect be the enemy of good." and I think that applies here.
Again, small improvements ARE improvements. I'll take whatever we can get - it's much better than going in the other direction.
my old platoon sergeant used ti say...never let an officer or a politician snowball you with their garbage, of small (not existent) improvements that screw everyone but the officers and elite
this bill is just garbage...zero improvements
the whole bill is a sham
1. it will increase inflation.....90% of the inflation we face today is because of spending and "free" money
2. more spending NOW, increases the debt (talking debt, not budget deficit), which increase the interest payment (this is ontop of the fed increasing the rate)
3. this is OFF BUDGET ADDITIONAL spending, ontop of the already trillion dollar budget deficit
4. it does NOTHING for the environment
5. raising the corporate tax to 15% when it is already at 20+%...funny how they are going to call it a "minimum" .....as opposed to what we currently have (are they going to rename it a max tax?)
it is a sham... and the poor/middleclass taxpayers are the ones who will feel the pain, they always do when liberals write spending/tax bills
my old platoon sergeant used ti say...never let an officer or a politician snowball you with their garbage, of small (not existent) improvements that screw everyone but the officers and elite
this bill is just garbage...zero improvements
the whole bill is a sham
1. it will increase inflation.....90% of the inflation we face today is because of spending and "free" money
2. more spending NOW, increases the debt (talking debt, not budget deficit), which increase the interest payment (this is ontop of the fed increasing the rate)
3. this is OFF BUDGET ADDITIONAL spending, ontop of the already trillion dollar budget deficit
4. it does NOTHING for the environment
5. raising the corporate tax to 15% when it is already at 20+%...funny how they are going to call it a "minimum" .....as opposed to what we currently have (are they going to rename it a max tax?)
it is a sham... and the poor/middleclass taxpayers are the ones who will feel the pain, they always do when liberals write spending/tax bills
You're forcing me to repeat myself:
Quote:
Originally Posted by hooligan
Well, go make your arguments to the fine folks at The Wharton School. I'm sure they'd love your input.
..The Congressional Joint Committee on Taxation found that taxes would jump by $16.7 billion on American taxpayers making less than $200,000 in 2023 and raise another $14.1 billion on taxpayers who make between $200,000 and $500,000...
The Trump tax cuts expire in 2027, so "during the window" all rates will revert back to 2017. If that's the angle, that's kind of misleading because the tax rate change is not due to the new bill but rather the expiration of the 2017 bill.
Quote:
During the 10-year window, the average tax rate would go up for most income categories, the Senate GOP said, citing the data from the joint committee. And by 2031, new energy credits and subsidies would have people earning less than $400,000 pay as much as two-thirds of the additional tax revenue collected that year, the release said.
The Trump tax cuts expire in 2027, so "during the window" all rates will revert back to 2017. If that's the angle, that's kind of misleading because the tax rate change is not due to the new bill but rather the expiration of the 2017 bill.
one might wonder why this deal doesn't extend the TCJIA individual cuts below $400K then.
The Trump tax cuts expire in 2027, so "during the window" all rates will revert back to 2017. If that's the angle, that's kind of misleading because the tax rate change is not due to the new bill but rather the expiration of the 2017 bill.
This is no different than Obamacare. The Congress can "choose" not to renew it when it expires. That is on them.
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Schumer-Manchin deal raises taxes on earners under $400K, study shows
